The report shows that Weilai's annual revenue in 20 19 was 7.825 billion yuan, a year-on-year increase of 58%; The net loss in 20 19 was1129.57 million yuan, an increase of 17.2% over the previous year. Among them, the gross profit of Weilai 20 19 was negative 8.9% in the fourth quarter and negative 15.3% in the whole year.
The data shows that Weilai 20 19 delivered 8,224 vehicles in the fourth quarter, an increase of 71.4% compared with the third quarter; 20,565 vehicles were delivered throughout the year, up 865,438+0.2% year-on-year. In the fourth quarter, automobile sales revenue was 2.68 billion yuan, up 54.8% from the previous quarter.
In the fourth quarter, Weilai's operating loss was 2,826.2 million yuan (US$ 406 million), an increase of 65,438+07.3% compared with the third quarter of 2065,438+09, and a decrease of 65,438+08.0% compared with the same period of 2065,438+08.
Li Bin, founder of Weilai, said that from early February to early March, Weilai announced that it would issue * * * US$ 435 million convertible bonds to a number of unrelated Asian investment funds in a private way to support the daily operation and development of the company. At present, all these convertible bonds have been issued.
Regarding the sales forecast, Li Bin said in response to an analyst's question after the release of the financial report that it was not convenient to disclose the sales forecast, but he thought that after Hefu resumed production, 4,000 units per month was a relatively economical point, and he thought that it would be possible to reach 4,000 units per month after this year.
In the past 30 days, Weilai added nearly 2,200 large orders, with an average of more than 70 units per day, close to 70% in June last year. At present, there are more than 5000 orders waiting to be delivered.
By the end of 20 19, 12 and 3 1, the cash and cash equivalents, restricted cash and short-term investments held by Weilai were 10563 million yuan, while at the end of 20 18, this figure was 8,345.6 million yuan. Li Bin said that Weilai's cash balance is not enough to provide working capital and liquidity for its continuous operation in the next 65,438+02 months.
After the financial report was released, Weilai's share price once expanded to more than 28% before the market. As of the close of the day, Weilai's share price closed at $2.465438 +0, down 16.9%.
The accumulated loss in four years is nearly 30 billion.
The financial report of Weilai Automobile shows that from 20 16 to 20 18, the net losses of Weilai Automobile were 2.573 billion yuan, 5.0265438 billion yuan and 9.638 billion yuan respectively, and the accumulated losses in three years reached 17232 billion yuan.
The net loss in 20 19 years1141300 million yuan, and the accumulated loss in four years is 28.645 billion yuan.
The cost of main business decreased by 9.3% year-on-year.
On the premise of achieving sales growth, the company's main business cost decreased by 9.3% year-on-year. At the same time, R&D expenses decreased by 32.3%, and sales and management expenses decreased by 20.5%. In addition, when the sales in 20 19 increased by 82. 1% compared with 20 18, the annual sales and management expenses only increased by 2. 1%.
Feng Wei, CFO of Weilai, mentioned that in the fourth quarter of 20 19, Weilai's R&D expenditure was 103 billion yuan, down 32.3% year-on-year.
Li Bin said: "In 20 19, we made a lot of organizational optimization and business adjustment, and the total number of employees decreased from nearly 1000 at the beginning of 20 1000 to less than 7,000 at present. 20 19 in the fourth quarter, our losses increased to some extent compared with the third quarter due to the expenses incurred by one-time adjustment. These adjustments have been basically completed, laying a good foundation for improving operational efficiency in 2020. "
Delivery of EC6 in September? Weilai space reached 200 by the end of the year.
In terms of products, in April, Weilai will deliver the new ES8 flagship SUV. Is it expected to deliver the electric coupe SUV in September? From EC6 to the fourth quarter, the unique 100 degree battery pack will be listed.
In terms of sales network, it is estimated that there will be 200 Weilai spaces by the end of the year. As of February 29th, the number of Weilai space is 6 1.
Increasing gross profit margin is the core goal in 2020.
According to Li Bin, increasing gross profit margin will be one of Weilai's core goals in 2020. "The optimization of supply chain, the continuous reduction of battery pack cost, the increase of production scale and the reduction of average vehicle manufacturing cost brought about by management optimization make us confident to achieve the goal of turning the gross profit margin into a positive in the second quarter and reaching double digits by the end of the year."
In 20 19, Weilai made a lot of organizational optimization and business adjustment, and the total number of employees decreased from nearly 1000 at the beginning of 20 19 to less than 7,000 at present. At the same time, Weilai has set strict cost control and efficiency improvement targets for 2020, including supply chain optimization and battery pack cost reduction.
Engine observation:
The successful financing of 20 19 has temporarily moved Weilai away from the line of life and death, and the 2020 big exam is just around the corner. Under the uncertain factors such as the epidemic situation and Tesla's domestic production, it is still difficult for Weilai to achieve breakeven in 2020.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.