Revenue Performance:
- Q4 Revenue: RMB 16.06 billion (YoY +62.2%, QoQ +23.5%)
- Vehicle Sales: RMB 14.8 billion (YoY +16.2%, QoQ +23.7%)
- Other Sales: RMB 1.3 billion (YoY +90.3%, QoQ +22%)
Profitability Metrics:
- Gross Profit: RMB 621 million (Gross Margin: 3.9%)
- Net Income: -RMB 5.78 billion
- Vehicle Margin: 6.8% (down from 20.9% YoY)
R&D and SG&A Expenses:
- R&D: RMB 4.0 billion (YoY +117.7%)
- SG&A: RMB 3.5 billion (YoY +49.6%)
Cash Flow and Balance Sheet:
- Cash and Cash Equivalents: RMB 45.5 billion
- Net Cash from Operations: -RMB 3.78 billion
- Capital Expenditures: RMB 1.86 billion
Management Commentary: CEO William Li remarked, 'In Q4, we delivered a record 40,052 electric vehicles, up 60% year-over-year, achieving significant milestones in production and sales.'