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seres asks the world in the first half of 2024: will it win easily by following huawei?

2024-09-05

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produced by zhineng automobile

many people say that seres won by following huawei, if we look at the financial performance in the first half of the year in the "2024 semi-annual report".



Part 1
operating income performance

according to the production and sales report of seres from april to june,ask the worldthe production of the series in the second quarter of 2024 was 99,084 units and the sales volume was 98,537 units, achieving a zero-inventory operation state of "production based on sales and sales as soon as production is completed".

passhongmeng intelligent drivingmonthly delivery data released,

● qjm5、M7、M9sales volumethey were 13,219, 38,955 and 46,363 respectively.

● blue electricbrand delivery volume7,587 vehicles.


if we look at the terminal data, as of august 18, the sales of hongmeng series products are as follows:


◎ seres' gross profit margin in the second quarter was 27.47%, an increase of about 6 percentage points from the first quarter.qjm9the gross profit margin is as high as 34% to 35%, ranking among the top among domestic car companies.

◎ in terms of net profit, seres's net profit margin attributable to shareholders of the parent company in the second quarter of 2024 was approximately 3.65%.


Part 2
seres's operational challenges and future prospects

from a strategic perspective, the future development of seres will focus on the variety of models in the industry.in fact, the current profit growth points are basically on m9. m7 is about rolling out products, and the actual effect of m5 is very limited.

seres is expanding the sales network of its question world series through cooperation with huawei.competition in the new energy vehicle field is becoming increasingly fierce, and we look forward to new models from the world.


as mentioned earlier, as huawei's automotive business continues to move forward as a whole, the availability of huawei components will continue to expand. for the q&a industry, this is something that cannot be ignored.


in fact, the strategy of selling popular models is effective, but as huawei technology gradually flourishes in china, we will have to wait and see how sustainable this gross profit can be.



summary


seres' operating performance in the first half of 2024 is quite excellent in terms of operating income and gross profit margin. as huawei empowers more and more companies, let's take a look at its subsequent sustainability.