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On February 26th, Ideal Automobile released its fourth quarter financial report for 2023, showing a revenue of 41.73 billion yuan, a year-on-year increase of 136.4%; The net profit in the fourth quarter was 5.75 billion yuan, with a quarterly gross profit margin of 23.5%; The quarterly delivery volume reached 131800 vehicles, a year-on-year increase of 184.6%. Throughout the year, Ideal Automobile achieved a revenue of 123.85 billion yuan, a year-on-year increase of 173.5%; The annual net profit reached 11.81 billion yuan, achieving comprehensive profitability since delivery; The annual delivery volume was 376000 vehicles, a year-on-year increase of 182.2%. It is worth noting that Ideal Automobile has become the first new car making force in China to achieve an annual revenue of over 100 billion yuan.
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