NIO vs LI vs XPEV stock： Q1 financial report analysis

Q1 financial report analysis： NIO vs LI vs XPEV stock

In the financial report, the most striking thing is the delivery volume. Comprehensive data shows that the NIO Q1 delivery volume exceeded 20,000 for the first time and continued to lead. Beginning in 2021, NIO set a record of 20,060 deliveries in the first quarter, an increase of 422.7% year-on-year.

All aspects of XPEV can be described as "stable". The delivery of LI decreased by 13.03% month-on-month, making it the only company among the top three automakers that had a negative growth rate from the previous month.

At the same time, the financial report showed that after achieving profit in the previous quarter, LI Q1 turned into a loss. The net loss reached 360 million yuan, an increase of 366.9% year-on-year.

It is not difficult to see that the gap between LI Auto and the other two companies has not narrowed. At the same time, in the car-making boom, the market's vision has also changed.

LI Auto's net loss of negative growth from the previous quarter increased by 366.9% year-on-year

Specifically, the Q1 financial report showed that the delivery of LI cars was 12,579, a year-on-year increase of 334.4%, and a decrease of 13.03% from the previous month; the delivery of XPEV was 13,340, a year-on-year increase of 487.4%, and a month-on-month increase of 2.9%; the delivery of NIO was 2,060, A year-on-year increase of 422.7% and a month-on-month increase of 15.6%.

The year-on-year growth of the other two companies both exceeded 400%, and the LI car was less than 350%. The gap has been further widened. In the month-on-month growth rate, only LI was negative, reaching-13.03%.

This also directly affects the financial data of the Big Three.

The financial report shows that as of March 31, 2021, LI Auto’s Q1 total revenue was US$545.7 million, an increase of 319.8% from the 851.7 million in Q1 in 2020, and a decrease of 13.8% from the 4.15 billion in Q4 in 2020; LI Auto’s Q1 net loss USD 54.9 million, an increase of 366.9% year-on-year.

XPEV vehicle Q1's total revenue was US$450.4 million, an increase of 616.1% from Q1 in 2020 and an increase of 3.5% from Q4 in 2020. XPEV Q1 has a net loss of US$120.1 million.

NIO Q1's total revenue was US$1.2183 billion, an increase of 481.8% from Q1 in 2020 and an increase of 20.2% from Q4 in 2020.

NIO’s Q1 net loss was US$68.8 million, a decrease of 73.3% compared to 2020 Q1 and a decrease of 67.5% compared to 2020 Q4.

LI's Q1 gross profit margin in 2021 will be 17.3%, while Q1 and Q4 gross margins in 2020 will be 8.0% and 17.5% respectively;

XPEV's Q1 gross profit margin in 2021 will be 11.2%, while Q1 in 2020 and Q4 in 2020 The gross profit margins are-4.8% and 7.4%, respectively;

NIO's Q1 gross profit margin in 2021 is 19.5%, while the gross profit margins in 2020 Q1 and 2020 Q4 are-12.2% and 17.2%, respectively.

The continued high investment in research and development is considered to be the main reason why the Big Three failed to make real profits.

The financial report shows that the R&D expenses of LI, XPEV, and NIO accounted for 14.41%, 18.13%, and 8.61% of the overall revenue, respectively.

The founder, chairman, and CEO of LI Auto said that he will increase investment in research and development in the future.

In contrast, Tesla has been profitable for 7 consecutive quarters. The financial report shows that Tesla’s Q1 revenue was 10.389 billion U.S. dollars, an increase of 73.58% year-on-year. Its revenue scale was approximately 18.5 times that of LI Auto, 22.4 times that of XPEV, and 8.3 times that of NIO; Q1 net profit was $438 million. The Big Three are in sharp contrast.

As of March 31, 2021, LI auto cash and cash equivalents, restricted cash, time deposits, and short-term investment balances were US$4.63 billion; XPEV was US$5.525.4 million; NIO was US$7.3 billion.

Curved road overtaking: launching new cars and expanding production capacity

Just one day before the release of the financial report, LI Auto released the 2021 LI-ONE model. The new car has been upgraded in terms of vehicle configuration, cruising range, and autonomous driving, and will be delivered on June 1 this year.

At the 2021 Shanghai Auto Show, XPEV Cars will unveil its third product, the world's first mass-produced smart car equipped with lidar, the XPEV P5. It is understood that XPEV P5 is expected to be delivered in the fourth quarter of 2021.

Recently, there have been media reports that NIO may launch an entry-level sub-brand, and its first model is called "Gemini" in English. The positioning will be lower than that of existing SUVs and cars, with an annual output of 60,000; this will be the entry-level model that NIO will launch.

NIO is currently in urgent need of developing the main model with the main price of about 200,000 yuan, exploring a wider market and complementing the NIO brand.

Market value "cut in half"

The complex and changeable market environment is finally reflected in the stock price. LI's stock price is US$23.3 and the market value is US$21.078 billion; XPEV's stock price is US$32.13 and the market value is US$25.783 billion; NIO's stock price is US$38.62 and the market value is US$63.28 billion.

Among them, based on the closing price, LI has fallen by 47.0% from its highest point of US$43.96, and its market value has evaporated by US$18.69 billion; XPEV has fallen from its highest point of US$72.17 by 55.48%, and its market value has evaporated by US$32.13 billion; NIO has fallen from its highest point of 62.84. The U.S. dollar fell by 38.54%, and its market value evaporated by $39.685 billion.

So far, the market value of the Big Three car manufacturers is almost "halved" from the high point, with a total market value of 90.505 billion U.S. dollars.

The growth rate of the entire new energy industry is expected to slow down, the capital bubble ebbs, and the stock price gradually pulls back. "Tesla is more regarded as a technology company than a car manufacturer. Moreover, the sales growth brought about by price cuts is not sustainable.

LI also only achieved quarterly profit and is still at a loss for the whole year. XPEV sales growth has slowed. New energy car companies are still in the development stage. Compared with traditional car companies, the market size is smaller and there is a certain amount of water in the valuation."

With the expiration of the local government's electric vehicle consumption encouragement policy, the further decline of the new subsidy quota, and the increase in chip prices caused by the "lack of core", all boost the cost of new car-building forces, and this will also affect With its stock price.

While the stock prices of the Big Three car manufacturers fluctuate, institutions are liquidating their positions.

On February 13, Hillhouse Capital announced to the US Securities and Exchange Commission the position of US stocks at the end of the fourth quarter of 2020. According to data, at the end of the third quarter of 2020, Hillhouse Capital held approximately 2.41 million shares of NIO, approximately 1.6 million shares of LI Auto, and approximately 900,000 shares of XPEV Auto. At the end of the fourth quarter of the same year, Hillhouse Capital no longer holds the equity of the aforementioned new energy vehicle company.

Comments

Why has international oil(USO) prices plummeted?

As OPEC and Russia failed in negotiations and could not reach an agreement to reduce production, Saudi Arabia issued a comprehensive production increase announcement. Russia followed Saudi Arabia to increase production. Due to the sharp increase in oil supply, international oil prices plummeted, and US stocks were affected by the spread of the epidemic, and international oil prices The plunge, the U.S. stock market plummeted, triggering multiple fuses. S&P500 Index Oil is a commodity whose price is affected by supply and demand. When oil production increases, supply increases, prices fall, and at the same time affected by the epidemic, demand decreases, and prices also fall. Oil supply increases and demand decreases, which is the main cause of the plunge in international oil prices. In terms of oil supply, since the United States developed shale oil, US oil production has become the world's largest. The production cost of shale oil is more than US $ 40, which is the ...

Palantir stock forecast 2025: What kind of company is PLTR?

PLTR introduced today may be the most controversial company in the current market, not one of them. As a stock, he is the faith stock of many retail investors. Those who believe in it generally believe that its stock price can double at least ten times in the future. Catherine Wood, the president of the ARK Fund, nicknamed "the light of retail investors," continues to buy the stock, which is also highly sought after on the WSB forum; on the contrary, most analysts on Wall Street are not optimistic about its development. The average target price at the end of 2021 is still 10% lower than the current stock price. As a company, its revenue is growing steadily and rapidly, with an annual growth rate of about 30% per year. However, the company has never achieved profitability in the past 20 years since its establishment. As a high-tech enterprise, the company is full of various genius ideas and the top talents in the industry, but they are mostly engaged i...

Will the Great Depression make a comeback?

the Great Depression On March 21, 2020, the United States already had initial unemployment data. Exceeding market expectations, the number of applicants reached 3.28 million, a record high. The current unemployment situation in the United States. Before March 7, employment in the United States was not affected by the epidemic. In the week of March 7, the number of people applying for unemployment benefits for the first time in the United States was 211,000, a decrease of 4,000 compared to the previous week. It is still healthy. This shows that the United States is in a good employment track range. The actual data began to fluctuate, that is, the data for the week of March 14, the number of people applying for relief reached 282,000, a slight increase. On March 21, the number of people applying for unemployment benefits soared to a record high this week. 1.7 million people have far exceeded expectations, and market expectations are about 1.5 to 1.7 million people. It can be said...

Cloudflare's 4Q 2021 earnings report

Just took a look at Cloudflare's (NET) 4Q 2021 earnings report. Cloudflare is in an area that covers several hot spots, including content delivery networks, i.e. CDNs, cloud computing, and cybersecurity. For the Cloudflare quarterly report, here is a summary: 1) Revenue of $194 million (then expected 4Q revenue in the range of $184 to $185 million), up 52% year-over-year ($172 million in 2021, up 51% year-over-year). 2) The number of customers continues to grow rapidly, with the total number of customers has reached 1416 (1260 in the previous quarter). 3) Non-GAAP gross margin was 79.2% vs. 78.1% in the same quarter last year (vs. 79.2% in 3Q vs. 77.3% in the same quarter last year.) Non-GAAP net income has started to turn around, meaning it has started to be profitable. 4) Revenue is expected to be in the range of $205 to $206 million in 4Q. That works out to about 6% YoY growth. Cloudflare had good results this time, beating its previous guidance. Revenues are still growing at a...

4 George Soros advice to investors!

Who is George Soros? George Soros is a Hungarian-born Jewish businessman. It is one of the most influential investors in the world. In 1969, the Double Eagle Fund was established for Arnhold & S. Bleichroeder, an investment management company. In 1973, Soros and his assistant Rogers left Bleichroeder to co-found Soros Fund Management. In 1979, the well-known Quantum Fund was established and continued to make profits. In the Asian financial turmoil in 1997, George Soros sniped the Thai baht and the Hong Kong dollar, which was frightening. Learning from the experiences of successful people can benefit a lot. Here are 4 tips George Soros gave investors. First, to be successful, you must have ample free time. Most people want to be rich, but not everyone realizes the importance of free time. Many people spend a lot of time working to accumulate wealth, sleep, and forget. Set the goal to complete the work indicated by the superior, or the needs of business partners. But they hav...

How to judge the diffusive horn pattern ?

As an investment trader, you must understand the use of chart technology analysis to determine the position of market transactions. Now let's talk about a common pattern in chart technical analysis, which is the diffuse speaker pattern. Diffusion horn patterns are different from trend patterns and horizontal patterns. Diffusion horn patterns are more difficult to judge than trend patterns and horizontal patterns, and often cause losses to investment traders. So, how do investment traders judge the spreading horn pattern and make favorable investment transactions? S&P500 Index The price trend of the diffusive horn pattern. When the price rises over some time, then the price falls, and falls below the recent low, then rises, and rises through the last high. It keeps expanding in two directions. If we connect the high point and the low point with straight lines, respectively, we can show a horn shape, so it is called a diffuse horn shape. Because of this, some i...

NIO stock forecast 2025: Core technologies

In terms of new forces in car manufacturing, industry participants have entered the fast lane in areas such as new product releases and intelligent driving. With the "general trend" of the popularization of electric vehicles, you will catch up. For NIO, which is the first to deploy the electric vehicle industry, whether ET7 can take the industry pioneer into the "overtaking lane" and continue to be at the forefront of the industry. Examining NIO's strategic measures is an effective way to try to find answers. Way, especially in the context of the “general trend” of electric vehicles. NIO's Core technologies: 1. At present and for a period of time, the price, performance iteration, and supply of batteries and core raw materials will be the core factors that determine the popularization of pure electric vehicles, and determine a series of trends in the market and participants. Lithium is an indispensable and important element of power batteries. The comme...

The era of negative US interest rates coming?

Recently, the US Federal Reserve suddenly cut interest rates and US stocks fell sharply. Most investors believe that the ten-year bull market for US stocks has ended. In terms of the US dollar index, after a period of decline, the US dollar index rebounded sharply, indicating that risk aversion was high, and market funds were flowing to the US dollar to hedge. The Fed ’s interest rate cuts have not saved the US stock market. The Fed ’s interest rates are now very low. If the Fed continues to cut interest rates in the future, the United States will soon enter the era of negative interest rates. Take Europe and Japan as examples. Negative interest rates have not restored the country ’s economy. The future economic situation of the United States is not optimistic. The reason for the negative interest rate is that the investment must be profitable, otherwise, it will not be invested. If the profit is low or loss, the investor will directly deposit the profit to the bank. When socia...

How to judge the market entry signal?

buy sell Most people lose money when investing in stocks. One of the biggest reasons is that they buy stocks at the wrong time. Why did they buy the stock at the wrong time? Facts have proved that many people do not know that stocks only rise 1/4 times, and that is the easiest time to make money. And in another 3/4 of the time, making money is difficult, and losing money is easier. Today, I will share how to choose the right time to buy stocks. I hope you can see the final result because, in the end, I will share with you how to use simple technical indicators to help us find the exact input time. First of all, everyone must know a concept, whether it is a stock market or a stock, there are four stages. Let us take the stock market as an example. The first stage is called the "next stage". At this time, the market has just experienced a sharp decline, and most investors in the market are not interested in the stock market, because their memories are still stuck in t...

Safe-haven assets（GLD） are flowing into the market?

On March 9, 2020, the US Dow Jones Index plunged more than 2,000 points, the U.S. stock market crashed, the investment market was full of fear, and market funds flowed into those safe-haven assets? With the spread of the epidemic, the market's risk aversion has continued to increase, and the stock market has continued to fall. As an investor, to reduce investment risks, you must buy safe-haven assets, reduce the purchase or sale of assets in the stock market, and avoid a sharp decline in the stock market, which will cause serious losses. When market risks continue to increase, investors will continue to buy safe-haven assets. Investors should pay attention to the following several safe-haven assets and use them as safe-havens. Dow Jones Index The first safe-haven asset is gold. Gold（GLD）, as a traditional anti-inflation commodity, has always been the preferred safe-haven asset for investors. GLD The second safe-haven asset is the Japanese yen. Because the Japanese y...

FinanceLinkway

Search This Blog