On August 28th, Ideal Auto announced its second quarter performance. The company's revenue for the second quarter was 31.7 billion yuan, a year-on-year increase of 10.6%. The adjusted net profit attributable to shareholders in the second quarter was 1.5 billion yuan, a year-on-year decrease of 44.9%.
In the second quarter, the company's vehicle sales revenue was 30.3 billion yuan, a year-on-year increase of 8.4%. The company's other sales and service revenue was 1.4 billion yuan, a year-on-year increase of 99.6%.
In terms of gross profit margin, the company's gross profit margin for the second quarter was 19.5%, compared to 21.8% in the same period last year, and 20.6% in the first quarter of this year.
The company expects a total revenue of 39.4 billion yuan to 42.2 billion yuan in the third quarter, an increase of 13.7% to 21.6% compared to the third quarter of 2023.
In terms of vehicle delivery, in the second quarter, Ideal Auto delivered 108581 vehicles, a year-on-year increase of 25.5%. The company expects to deliver 145000 to 155000 vehicles in the third quarter, with an expected year-on-year increase of 38% to 47.5%.