After Xiaopeng and ideal automobile delivered their first quarterly reports after listing in the US stock market, the report cards of the three auto companies were inevitably put in the spotlight for external inspection and comparison. From the perspective of the three quarterly reports, in the first round of financial report competition after joining hands with Wall Street, car companies have different performances.
In terms of revenue, Weilai automobile ranked first in terms of strong performance of 4.526 billion yuan in a single quarter, which was mainly due to its rising delivery volume.
According to the financial report of Weilai, the total revenue of Q3 of the company reached 4.526 billion yuan, an increase of 146.4% over the same period of last year. Among them, the revenue of automobile business in that quarter was 4.267 billion yuan, with a year-on-year increase of 146.1% and a month on month growth of 22.4%.
From the perspective of product matrix, Weilai has launched three models of es8, ES6 and ec6. In the past third quarter, its users delivered 12206 new cars, of which 3530 were es8, accounting for 28.9%; 8660 were ES6, accounting for 70.9%; while ec6 delivered in September was 16.
Q3 performance of new car manufacturers photo source: Times financial system
From the perspective of net profit, the three car companies are still in the state of loss. Among them, the net loss of Weilai Q3 narrowed by 58.5% to 1.047 billion yuan on a year-on-year basis, and Xiaopeng automobile had the largest loss in the current quarter, reaching 1.149 billion yuan.
Although the revenue is only about half of that of Weilai automobile, the ideal is obviously the representative of DUSHENG fa cai, with a net loss of 104 million yuan in Q3, which is only one step away from the profit. However, according to the non US general accounting standards, the ideal reality has turned losses into profits, and the net profit is 16 million yuan.
The ideal difference in profit and loss under different standards is mainly due to an equity incentive fee of about 130 million yuan. It is reported that after the IPO, the equity incentive granted to employees by the company will be regarded as salary expenses by the US GAAP and included in the operating expenses.
As the biggest loss of Q3 among the three new forces, its net loss under non US general accounting standards is 865 million yuan.
It is worth noting that although Xiaopeng is not as good as the other two new power car companies in terms of selling cars and making money, it is more generous in R & D and marketing. According to the financial report, in the third quarter, Xiaopeng automobile spent the most on R & D and marketing, with 635 million yuan and 1204 million yuan respectively.
On the contrary, the R & D and marketing expenses of the ideal car were the least, with 335 million yuan and 342 million yuan, respectively. Previously, Li Xiang has publicly disclosed that 50% of the investment in ideal car is in R & D, about 30% in the factory, and less than 20% in personnel and marketing.