Summary of Q1 financial data:
Additional info:
The inventory cycle continued to increase from 13 days in the previous quarter to 15 days. The inventory cycle for the same period last year was 3 days.
The FSD has a mileage of over 150 million miles.
3.889 million kilowatts of energy were added during the quarter.
The solar installation power for the season is 67,000KW.
Second, Megafactory is located in Shanghai, with a planned production capacity of 40 million kilowatts of electricity, and construction will begin in 2024.
1. Sales
Quarter:
The growth rate is fair, but achieving the growth rate is mainly driven by price cuts. The overall 50% growth target for this year is currently under great pressure.
Year:
2. Revenue & revenue by section
quarterly
The year-on-year growth rate of total revenue was 24.4%, a new low in recent years. Revenue growth was less than the growth rate of automobile sales, mainly due to vehicle price cuts.
Automobile sales accounted for 80.9% of revenue, with credit sales of 520 million US dollars; the energy sector is in a period of rapid growth, with a year-on-year ratio of more than 100%, accounting for a record high. Service revenue is about 50% compared to the same period, and the growth rate is also growing rapidly.
Year:
3. Gross margin & gross profit margin by section
Quarter:
The overall gross profit margin was 19.3%, a new low in recent years, down 10 percentage points from the previous year.
The gross profit margin of automobiles was 18.3%, a new low in recent years. Compared with the same period, it decreased by 11.4 percentage points. The gross profit margin of automobiles dropped dramatically, mainly due to price in exchange for volume.
Year:
4. Expenses and cost rates
Quarter:
Expenses and expense ratios are relatively stable and are at a low level. Total expenses account for revenue...