1. Sales volume:
Q4 sold 46,319 units, of which 21,233 units were sold in December, exceeding 20,000 units for the first time in a single month; sales volume for the full year of 2022 was 133,246 units, up 47% year on year, outperforming the overall market growth rate (90%), ranking 9th among NEV companies in the country, with a market share of 2.35%.
Delivery volume in 2023Q1 is not expected to be 52000-55,000 units, up 64%-73.4% year over year.
The 2023Q1 revenue forecast is $17.45-18.45 billion, up 82.5-93% year over year.
2. Infrastructure:
The target of 400 retail centers set in 2022 was eventually reached close to 300, falling short of the target. The target for retail centers this year is still 400, mainly expanding to third- and fourth-tier cities. Judging from current data, the goal of opening stores this year is likely to be achieved.
3. Financial data: revenue
Q4 revenue reached a record high of 17.65 billion, up 66.2% year on year, and the average price of Q4 bikes was 372,800.
Revenue for the full year of 2022 was 45.29 billion yuan, up 67.7% year on year. The average bicycle price in 2022 was 331,000.
4. Financial data: gross profit, gross profit margin
Focus on the gross profit margin of vehicle sales. The gross profit margin in Q4 was 20.2%. Compared with the high gross margin of 22.4% in Q1, it was about 2 percentage points; the gross profit margin for the whole year was 19.1%, down 1.5 percent compared to the gross profit margin of 20.6% last year...