AutoBeta(AutoBeta.net)12/23 Report--

Today, Xilai officially announced that the latest quarterly results will be released before the US stock market opens on December 30, 2019 (the evening of December 30, Beijing time), the third quarter of 2019 will be released, and a conference call will be held immediately.

The forecast of the third financial report is obviously different from the previous second-quarter earnings announcement. In September this year, in the face of various "negative" news, the share price of Xilai hit a record low of 1.97 US dollars. At the same time, Xilai announced that it would cancel the scheduled earnings call without knowing any reason.

Canceling earnings calls is very rare, usually because the company is in a major operational or public relations crisis. Later, due to widespread skepticism about this in the market reaction, Xilai Motor re-decided to announce a conference call on second-quarter results.

Now that the third-quarter results are about to be released, NIO is obviously "confident" a lot. Although this year's CEO Li Bin became the "worst person in 2019" because of an article, it seems to have turned around from the recent performance.

So far, the provisional annual sales volume of Xilai car is the top one, leaving other new power car companies behind. According to official data from NIO, 2528 units were delivered in November, a new high in 2019, with ES6 delivering 2067 units in November and ES8 accounting for 461 units. In the first 11 months, 17395 units were delivered, 8896 units were delivered by ES6 and 8499 units were delivered by ES8 in the whole year. Compared with 15368 Weimar cars and 12893 Xiaopeng cars.

In the face of rising sales, Li Bin said bluntly that in today's environment of declining subsidies for new energy vehicles, the new energy sector will be affected, but Lulai cars are still popular. The sales figures are not enough, not bad sales, but limited production capacity. Now we have to wait at least a month for the car to be booked, and the exhibition cars have all been sold short. Judging from the performance of the data recently released by NIO, it is OK.

As for the increase in sales, we don't know if there will be any surprises in the coming third quarter. However, from the financial results of the second quarter of this year, NIO achieved operating income of 1.508 billion yuan, belonging to the shareholders of listed companies with a net loss of 3.285 billion yuan. Li Bin also admitted that although the company is losing money, the money is spent on research and development.

In addition, it is worth mentioning that the official release of the third production car map, the new car will also be unveiled at NIO Day in Shenzhen on December 28. According to the news, the new car will be the ES6 Coupe version of Xilai.

NYSE:NIO shares rose on a spate of news, which rose 2.67 per cent to $2.69 by Friday's close, with a total market capitalization of about $2.827 billion. It can be seen that NIO's performance continues to be stable.

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