On August 30, Ideal Cars announced its 2021Q2 financial report, with key elements including:
1) 2021Q2 IDEALLY DELIVERED 17575 UNITS, +166% YOY;
2) Q2 revenue of 50.4bp, +159% YoY, market expected 50.1bp, non-GAAP net profit -0.65bp, compared with market expectations of 0.38bp, Q2 consolidated gross margin 18.9%, cyclical ratio +1.6pct;
3) Q3 is expected to deliver 25000-26000 units, the guidance is in line with expectations, and is higher than Yilai and Xiaopeng.
Financially, the ideal Q2 performance was in line with expectations, revenue growth matched deliveries, and the effect of scale helped the gross margin continue to improve and the loss cycle ratio decreased. At the same time, the company has maintained a relatively high R&D investment and competitive marketing expansion.
On the operational level, the ideal Q2 delivery of 17575 units is the best performance in history. Even more surprising to the market, the company's guidance for Q3 delivery of 25000-26000 units is significantly higher than Yili and Xiaopeng.
At the moment, the new ONE is expected to significantly boost its ideal Q3 and Q4 delivery performance, and a new X01 is expected to launch next year.
First, the ideal 21Q2 delivery reached a historic high, and changed the power of ONE products
2021 Q2 New Trend 3 continues its strong delivery performance, ideally delivering 17575 units, significantly exceeding the Q1 financial guidance limit of 14500-15500 units.
It is clear that after the release of the modification ONE in mid-May, I...