Weilai Auto released its new earnings report in the new quarter
Editor’s note: This article is from WeChat public account “ US Stock Research Institute” (ID: Meigushe), author of US Stock Research.
On September 24th, Weilai Auto, the first domestic Internet car manufacturer, released its new financial report in the new quarter. According to the earnings reports released by Weilai in the past few quarters, its financial reports did not satisfy investors. In this quarter, Weilai Automobile’s revenue was 1.508 billion yuan, the market expected 1.309 billion yuan, compared with 46 million yuan in the same period last year; the second quarter was attributable to shareholders’ net loss of 3.285 billion yuan, the market expected loss of 2.944 billion yuan, the current accumulated losses exceeded 40 billion yuan.
After the release of the financial report, Weilai Automobile just announced that it canceled the second-quarter earnings conference call scheduled to be held today, but Weilai did not explain the reason for the cancellation in the announcement. The US stock market research speculation may be closely related to the unsatisfactory performance of the new quarter financial report. As of the end of the article, the current share price of Weilai Auto was 2.65 US dollars, down 2.57%.
Although there were a lot of auras at the beginning of the listing, the current Weilai car has not been valued by investors. From the performance of the stock price over the past few months, the stock price has almost fallen. In the first half of the year, due to the negative news such as spontaneous combustion and layoffs, Weilai Automobile once caused the stock price to plummet a lot. After the release of this financial report, Weilai Automobile still failed to prove its profitability to the outside world. The current situation of Weilai Automobile is indeed more The worse it is.
Although Weilai Automobile has obtained a lot of financing in the process of development, in the past four years, Weilai Automobile has accumulated losses of nearly 40 billion yuan. This loss amount can be said to be impossible to achieve profitability in the short term. situation. For Weilai Automobile, the title of the first car made by the Internet is very unstable. By interpreting its new financial report, the US stock research society is facing the challenges it faces from the current situation of Wei Lai.
Revenues maintained year-on-year growth but decreased by 7.5% quarter-on-quarter. Accumulated losses exceeded 40 billion losses further expanded
Before the release of this new financial report, Weilai expects second-quarter revenue of 1.13 billion to 1.29 billion yuan, with a market forecast of 1.91 billion; it is expected to deliver 2,800-3,200 vehicles in the second quarter. Judging from this estimate, Wei Lai’s financial data for this quarter is far below market expectations.
Wei Lai Automobile’s second quarter revenue was 1.508 billion yuan, and the market expectation was 1.309 billion yuan, compared with 46 million yuan in the same period last year, a decrease of 7.5% from the previous month. Second quarter attribution