Automotive May 10, 2022 05:46 PM (GMT+8)
Yiou automobile, May 10 - ideal automobile released its financial report for the first quarter of 2022 today. Ideal car's revenue in the quarter increased by 167.5% year-on-year to 9.56 billion yuan, and the delivery volume increased by 152.1% year-on-year to 31700 vehicles. In the same period, the net loss of the company decreased by 97% year-on-year to 10.9 million yuan, the gross profit increased by 25.9% year-on-year to 2.16 billion yuan, and the gross profit margin was 22.6%.
In the first quarter of 2022, the R & D investment of ideal automobile was 1.37 billion yuan, a year-on-year increase of 167.0%. According to the company, R & D investment has reached a new record, which is mainly used to promote the technological development of extended range electric, high-voltage pure electric, intelligent cockpit and intelligent driving. In the same period, the company's sales, general and administrative expenses were 1.2 billion yuan, a year-on-year increase of 135.9%.
The operating cash flow of ideal automobile in the first quarter of 2022 increased by 98% year-on-year to RMB 1.83 billion, and the operating cash flow was positive for the eighth consecutive quarter. By the end of the first quarter, the ideal auto cash reserve was 51.19 billion yuan. Over the same period, the company's retail centers increased to 217, covering 102 cities.
Ideal automobile is expected to deliver 21000 to 24000 vehicles affected by the epidemic, with a year-on-year increase of 19.5% to 36.6%; The total revenue was 6.16 billion to 7.04 billion yuan, a year-on-year increase of 22.3% to 39.8%. In the third quarter of 2022, the second model of ideal vehicle "ideal L9" will be delivered.
This text is a result of machine translation.