Ideal Auto achieves double record high revenue and sales in the third quarter of 2024, with eight consecutive quarters of profitability
胡胡胡美丽_ss
发表于 3 小时前
114
0
0
Red Star Capital Bureau reported on October 31st that Ideal Automobile (02015. HK/LI. US) announced its third quarter 2024 financial report today. The company delivered 152800 new cars in the third quarter, a year-on-year increase of 45.4%; Revenue reached 42.874 billion yuan, a year-on-year increase of 23.6%; The net profit reached 2.82 billion yuan, a year-on-year increase of 0.3%, and it has been profitable for eight consecutive quarters.
Ideal Auto stated that thanks to the hot sales of Ideal L6 and the continuous increase in the sales proportion of AD Max models priced over 300000 yuan, the company's delivery volume and quarterly revenue in the third quarter both reached a historic high. In the new energy vehicle market of over 200000 yuan, the market share of Ideal Automobile increased from 14.4% in the second quarter to 17.3% in the third quarter.
In terms of core gross profit margin, the vehicle gross profit margin of Ideal Automobile in the third quarter was 20.9%, compared to 21.2% in the same period last year, and 18.7% in the second quarter of this year; The overall gross profit margin was 21.5%, compared to 22% in the same period last year, and 19.5% in the second quarter of this year. The increase in gross profit margin of vehicles on a month on month basis is mainly due to cost reduction, but partially offset by a decrease in average selling price mainly caused by different product combinations.
The R&D expenses of Ideal Automobile in the third quarter were 2.6 billion yuan, a year-on-year decrease of 8.2% and a month on month decrease of 14.6%, mainly due to the reduction of design and R&D costs for new products and technologies, as well as a decrease in employee salaries. In the first three quarters of 2024, the R&D expenses of Ideal Automobile totaled 8.66 billion yuan, a year-on-year increase of 22.1%. The new intelligent driving solution combining end-to-end (E2E) and visual language model (VLM) from Ideal Automotive has been fully pushed to over 320000 AD Max owners in October.
The operating expenses of Ideal Automobile in the third quarter were 5.8 billion yuan, an increase of 9.2% year-on-year and 1.5% month on month; Sales, general and administrative expenses amounted to 3.4 billion yuan, an increase of 32.1% year-on-year and 19.3% month on month. This was mainly due to the recognition of share based compensation expenses for the CEO based on performance, as the company believed that the relevant performance targets were likely to be achieved, and the increase in employee compensation resulting from the increase in the number of employees.
Ideal Auto's operating cash flow for the third quarter was 11 billion yuan, with a free cash flow of 9.1 billion yuan. As of September 30, 2024, Ideal Automobile's cash reserves reached 106.5 billion yuan.
Looking ahead to the fourth quarter, Ideal Auto is expected to deliver 160000 to 170000 vehicles, a year-on-year increase of 21.4% to 29.0%; Revenue reached 43.2 billion to 45.9 billion yuan, a year-on-year increase of 3.5% to 10.0%.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Production surges, Vale's third quarter profit exceeds expectations
- Tesla's third quarter net profit exceeds expectations, fully autonomous driving may be the future profit pillar
- Vale's Q3 2024 Results Release
- Ideal Auto sold 11300 units last week, with Wanjie and Leapmotor ranking second and third
- Google's third quarter net profit increases by 30%: AI boom boosts cloud business revenue by 35%, but advertising growth slows down
- AMD expects GPU sales to exceed $5 billion this year: Q4 revenue guidance falls short of expectations, market worries about AI demand
- Suddenly up! Gold prices hit a new historical high. Goldman Sachs predicts that gold prices will rise to $3000 next year
- JinkoSolar expects to ship 90GW-100GW for the whole year, with a month on month increase in non recurring net profit in the third quarter
- Riding wildly all the way! Spot gold continues to hit a new historical high, less than ten dollars away from the 2800 mark
- The three major indexes of the US stock market collectively closed down, popular technology stocks fell, and gold prices continued to hit a new historical high
-
10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
- yxtianyouyou
- 11 小时前
- 支持
- 反对
- 回复
- 收藏
-
【美股成交额前20:特朗普媒体科技集团大涨逾20% 较近期低点涨逾300%】第8名特朗普媒体科技集团收高21.59%,成交47.92亿美元。对比9月份的最低点11.75美元,该股迄今已经上涨310%。随着“总统大选日”倒计时,周一特 ...
- poketmonster
- 前天 11:47
- 支持
- 反对
- 回复
- 收藏
-
10月30日消息,星巴克正加大力度执行重返办公室的规定,并发出警告:员工若不遵守该政策就可能被解雇。据一则内部讯息,星巴克将于明年1月启动“问责程序”,以确保公司层面员工遵守每周在办公室工作三天的要求 ...
- 燕语莺声
- 昨天 17:22
- 支持
- 反对
- 回复
- 收藏
-
代表美国华盛顿州约3.3万名波音工人的国际机械师和航空航天工会第751分区(IAM District 751)当地时间10月29日表示,在美国代理劳工部长朱莉·苏(Julie Su)的持续协助下,工会谈判委员会与波音进行了富有成效 ...
- 397393583
- 昨天 14:35
- 支持
- 反对
- 回复
- 收藏