AutoBeta(AutoBeta.net)12/31 Report--

After all kinds of negative news this year, Lulai finally achieved its "final madness" at the end of the year, with sales growth, new car launches and narrowing performance losses all contributing to a surge in its share price.

On the evening of December 30, Xilai released its Q3 performance report in 2019, which showed that its revenue in the third quarter was 1.8368 billion yuan, an increase of 21.8% from the previous month and 25.0% from the same period last year, which was higher than the market expectation of 1.632 billion yuan. Of this total, the revenue from automobile sales was 1.7 billion yuan, an increase of 22.5% over the previous month and 21.5% over the same period last year.

The third-quarter results, which were supposed to be released in November, have been delayed by more than a month compared with the same period last year (on November 6, 2018). Fortunately, this is good news.

For Wei, 2019 is not easy, and there are a lot of storms. In the first half of the year, it fell into a crisis of public opinion because of the frequent spontaneous combustion of ES8. During this period, there has been constant news of layoffs, losses, and facing elimination, and at the end of October, because of the departure of CFO Xie Dongzhong, Xilai may even be unable to raise capital, and the price is as low as US $1.39, which is on the verge of delisting.

But it all seems to have pulled NIO through. New car sales at NIO have begun to climb since September, with figures showing that sales in November reached 2528, the highest for the year for four months in a row, and the cumulative sales this year reached 17395. In the face of the rise in sales, Li Bin also said bluntly that in the environment of the decline of new energy vehicle subsidies, the new energy sector has been affected, but Lulai cars are still popular. "now we have to wait at least a month for the car to be booked, and the exhibition cars are all sold out."

Although the rise in sales has led to an increase in revenue, NIO has not been able to shake off losses. Its operating loss in the third quarter was 2.4 billion yuan, down 25.3% compared with the previous quarter and 14.3% compared with the same period last year. After this loss figure is superimposed with the loss data previously disclosed by NIO, its cumulative loss is about 25.8 billion yuan.

In addition, NIO held a conference call on the third quarter results. At the meeting, Li Bin said that NIO has optimized its personnel for the sake of lean operation and organizational structure, and the number of employees will be controlled from a high of 9900 at the beginning of this year to less than 7500 by the end of this year.

At the same time, he also said, "We expect to deliver 8000 electric vehicles in the fourth quarter, which will be the largest quarter since the establishment of Ulai." As a result, total deliveries in 2019 are estimated to exceed 20300 vehicles. "

The announcement of the results comes a day after the launch of the new Lai product, the official launch of the third production car, EC6, and delivery of the new car will begin in September 2020. The new ES8 sells for 468-624000 yuan, an increase of 20, 000 yuan over the old model, and provides a new 100kWh battery pack with a maximum range of 580km, which will be delivered in the fourth quarter of next year.

Due to better-than-expected results, the shares began to change after the opening of trading last night, rising more than 100 per cent at one point, but then fell back to close at $3.72 / ADS, up 53.72 per cent.

Now the domestic new energy market is still in the overall decline environment, NIO can still rise against the trend, obviously better than the market. For a car company, the recognition of its products by the market is the capital for its survival. Li Bin also said that Xilai has found a way to increase sales.

In the past year, Li Bin and NIO have been hammered again and again, but they can still persist and may change, but in the new year, the market is still fierce, while the new power's cumulative sales this year is only 57100, accounting for 0.3% of passenger car sales in the same period, so we need to continue to work hard to "survive."

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