1. Sales
Q1 sold 18,230 units, compared to 34561 units in the same period last year, and Q4 sold 22,204 units, down 47% year on year and 18% month on month.
Q2 outlook: Automobile sales were between 21000-22000, a year-on-year decrease of 36.1%-39%. Total revenue was between 4.5-4.7 billion, a year-on-year decrease of 36.8%-39.5%.
Looking ahead, the average monthly sales volume in May and June was around 7,000 units.
2. Stores and infrastructure
The expansion of stores and overcharging stations has slowed drastically.
3. Financial Data - Revenue
Quarter:
Year:
4. Financial data - gross profit, gross profit margin
Quarter:
If production capacity goes up and orders can't keep up, depreciation of fixed assets is a nightmare that will severely kill gross profit margins.
Year:
5. Financial Data - Expenses, Expense Rates
Quarter:
Year:
6. Financial data - operating profit, profit margin
Quarter:
Quarterly losses reached a record high.
Year:
7. Net assets - cash reserves
Net cash lost $5.8 billion this quarter, and net cash reserves have now declined to $24.7 billion. The sharp decline in net cash was mainly due to a reduction of 3 billion dollars in Q1 accounts payable. It is estimated that it promoted supply chain coordination and reduced payment cycles, leading to a sharp loss of net cash.
8. Summary:
The P7i was launched and delivered in March, Xiaopeng delivered 7079 units in April, and the cumulative insurance volume for the first three weeks of May was close to 4,000 units. Looking ahead, the average monthly sales volume for 56 months was around 7,000 units.
Whether it's...