Cyrus third quarter revenue 5.60 billion: down 47% after deducting non-net loss 1.10 billion
Sailis Group Joint Stock Company (referred to as: "Sailis", stock code: 601127) released its financial report today. The financial report shows that Sailis’s revenue in the first three quarters of 2023 was 16.68 billion yuan, a year-on-year decrease of 27.86%; the net loss was 2.294 billion yuan; the net loss after deduction was 3.015 billion yuan.
The government subsidy included in the first three quarters of 2023 was 462 million yuan, of which the government subsidy included in the third quarter was 42.725 million yuan.
Sailis’s revenue in the third quarter of 2023 was 5.648 billion yuan, down 47.25% year-on-year; the net loss was 950 million yuan, and the net loss after deduction was 1.13 billion yuan.
Although Sailis continued to lose money, after September 2023, Sailis made a comeback by virtue of its cooperation with Huawei. On September 12, 2023, AITO held a launch conference for the new M7. Huawei executive Yu Chengdong said five times in a row that he was far ahead, and also used "coming back from the dead" to describe the launch of the new M7.
On October 13, 2023, Yu Chengdong appeared in the live stream of Sailis Automotive Smart Factory to ask the world. Yu Chengdong said, "The order is very good, Dading exceeds 60,000, we have invested another 1 billion for the supply chain, and the entire industrial chain and supply chain have added 20,000 workers. We are speeding up delivery and increasing production capacity."
Ask the world M9 will also be listed, the reservation has exceeded 15,000 units. The outside world believes that AITO ask the world M9 is expected to continue the momentum of AITO ask the world’s new M7, and Sailis has also become a hot Huawei concept stock in class A shares.
Sailis said in its earnings report that the change in operating income during the reporting period was mainly affected by the year-on-year decline in sales during the reporting period. Sailis Automobile’s new product, the new M7 series, was released and delivered in mid-to-late September. With the gradual delivery of the company’s products, the company’s operating income is expected to increase significantly.
As of yesterday’s close, the share price of Cyrus was 79.81 yuan, and the market value was 120.30 billion yuan, which has surpassed Xiaopeng and NIO, becoming the third largest new energy vehicle company in China after BYD and Ideal.
Dongfeng Motor is the second shareholder
As of September 30, 2023, Chongqing Xiaokang Holdings Co., Ltd. (referred to as "Xiaokang Holdings") holds 25.19%, Dongfeng Motor Co., Ltd. holds 21.72%, Chongqing Yu’an Automotive Industry Co., Ltd. (referred to as "Yu’an Industry") holds 4.38%, Chongqing Xiaokang Holdings Co., Ltd. – 2022 Non-public issuance of exchangeable corporate bonds (Phase II) for professional investors holds 2.34%, Hong Kong Central Clearing Co., Ltd. holds 1.66%, and Yan Min holds 1.59%;
As of September 30, 2023, the ownership structure of Cyrus
China Construction Bank joint stock company – Guangfa Technology Pioneer Hybrid Securities Investment Fund holds 1.15%, Shanghai Pudong Development Bank joint stock company – Guangfa Small Cap Growth Hybrid Securities Investment Fund (LOF) holds 0.94%, Xie Chunzhi holds 0.93%, China Minsheng Bank joint stock company – Guangfa industry strictly selected three-year holding period Hybrid Securities Investment Fund holds 0.91%.
As of June 30, 2023, Chongqing Xiaokang Holdings Co., Ltd. (referred to as "Xiaokang Holdings") held 25.19%, Dongfeng Motor Company held 21.72%, Chongqing Yu’an Automotive Industry Co., Ltd. (referred to as "Yu’an Industry") held 4.38%, and Chongqing Xiaokang Holdings Co., Ltd. – 2022 Non-public issuance of exchangeable corporate bonds (Phase II) for professional investors Pledged special account holding 2.34%;
As of June 30, 2023, the ownership structure of Cyrus
Yan Min holds 1.63%, China Construction Bank joint stock company – Guangfa Technology Pioneer Hybrid Securities Investment Fund holds 1.31%, Hong Kong Central Clearing Co., Ltd. holds 1.05%, China Industrial and Commercial Bank of China joint stock company – Guangfa Shuangqing upgrade hybrid securities investment fund holds 1%, Shanghai Pudong Development Bank joint stock company – Guangfa small cap growth hybrid securities investment fund (LOF) holds 0.94%, Xie Chunzhi holds 0.93%.
Comparison can be found that the Hong Kong Central Clearing Company Limited has increased its holdings.