Weilai increased by 14%in the second quarter.

On September 7, Weilai disclosed the performance report in the second quarter of 2022. In the second quarter, the car company achieved tens of billions of revenue, but also created higher losses.

In the second quarter of 2022, Weilai vehicles delivered 25,100 vehicles, an increase of 14.4%year -on -year.

In terms of financial data, Weilai revenue reached 10.292 billion yuan in the second quarter, an increase of 21.8%year -on -year, an increase of 3.9%month -on -month, and exceeded 10 billion for the first time, a record high in a single quarter.

Among them, Weilai's gross profit margin was 16.7%, which was still falling from 20.3%in the second quarter of 2021 and 18.1%in the first quarter of 2022. Weilai announced that the decline in the gross profit margin of vehicles was mainly due to the increase in the cost of bicycle battery, and some of the favorable ET7 sales accounted for changes.

In addition, in the second quarter, Weilai's sales and management costs were 2.28 billion yuan, accounting for 22%of the total revenue, and R & D expenses were 2.15 billion yuan, accounting for 21%. The total operating costs are 4.19 billion yuan, which is the highest in history.

According to Weilai's target, the gross profit margin of automobile sales in 2022 should be 18%to 20%. In fact, Weilai's gross profit margin has declined for two consecutive quarters. In the 4th quarter of 2021 and the first quarter of 2022, the indicator was 20.9, respectively 20.9, respectively. %And 18.1%, just when the gross profit margin goals were just reached in the first quarter, the low data in the second quarter obviously dragged the annual goals.

The lower gross profit margin and higher operating expenses have made Weilai a large loss. Throughout the second quarter, Weilai's net loss reached 2.758 billion yuan, an increase of 369.6%year -on -year, and a month -on -month increase of 54.7%.

Among the three new vehicles of the "Wei Xiaoli", Weilai has always been the highest price of the average bicycle. In the first half of the year, Weilai, ideal, and Xiaopeng's sales were 50,800, 60,400, and 69,000, respectively. The average price of bicycles was about 397,400 yuan, 302,700 yuan, and 215,700 yuan.

It can be seen that the important reason to restrict Weilai ahead is sales.

Looking forward to the third quarter, Weilai estimates that the company's vehicle delivery volume is 3.1 to 33,000 vehicles, an increase of about 26.8%to 35.0%from the third quarter of 2021. The total revenue is expected to be 12.845 billion yuan to 13.598 billion yuan, an increase of about 31.0%to 38.7%over the same period last year.

At the financial report, Weilai founder Li Bin said that the company is more confident in the delivery and completion of the annual goals in the fourth quarter, but it is under great pressure.

Weilai ’s new car sales target for the whole year of 2022 is more than 150,000 vehicles. If you want to achieve the goal, it is really under pressure.

In the first eight months, Weilai cumulative sales were 71,600 units. In addition, the official expected sales of 1.02 to 10,400 vehicles in September. In other words, if you want to achieve a comprehensive goal in Li Bin's mouth, 66,000 to 68,000 vehicles need to be delivered in the fourth quarter.

On September 8th, Hong Kong stocks closed, and Weilai's stock price reported at HK $ 136.2/share, down 0.87%.

(Author | Wang Xingxing)

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