Skip to main content

NIO vs LI vs XPEV stock: Q1 financial report analysis


Q1 financial report analysis: NIO vs LI vs XPEV stock

 In the financial report, the most striking thing is the delivery volume.  Comprehensive data shows that the NIO Q1 delivery volume exceeded 20,000 for the first time and continued to lead.  Beginning in 2021, NIO set a record of 20,060 deliveries in the first quarter, an increase of 422.7% year-on-year.

 All aspects of XPEV can be described as "stable".  The delivery of LI decreased by 13.03% month-on-month, making it the only company among the top three automakers that had a negative growth rate from the previous month.  

 At the same time, the financial report showed that after achieving profit in the previous quarter, LI Q1 turned into a loss.  The net loss reached 360 million yuan, an increase of 366.9% year-on-year.

 It is not difficult to see that the gap between LI Auto and the other two companies has not narrowed.  At the same time, in the car-making boom, the market's vision has also changed.

 LI Auto's net loss of negative growth from the previous quarter increased by 366.9% year-on-year

 Specifically, the Q1 financial report showed that the delivery of LI cars was 12,579, a year-on-year increase of 334.4%, and a decrease of 13.03% from the previous month; the delivery of XPEV was 13,340, a year-on-year increase of 487.4%, and a month-on-month increase of 2.9%; the delivery of NIO was 2,060,  A year-on-year increase of 422.7% and a month-on-month increase of 15.6%.

 The year-on-year growth of the other two companies both exceeded 400%, and the LI car was less than 350%. The gap has been further widened.  In the month-on-month growth rate, only LI was negative, reaching-13.03%.

 This also directly affects the financial data of the Big Three.

 The financial report shows that as of March 31, 2021, LI Auto’s Q1 total revenue was US$545.7 million, an increase of 319.8% from the 851.7 million in Q1 in 2020, and a decrease of 13.8% from the 4.15 billion in Q4 in 2020; LI Auto’s Q1 net loss  USD 54.9 million, an increase of 366.9% year-on-year.

 XPEV vehicle Q1's total revenue was US$450.4 million, an increase of 616.1% from Q1 in 2020 and an increase of 3.5% from Q4 in 2020.  XPEV Q1 has a net loss of US$120.1 million.

 NIO Q1's total revenue was US$1.2183 billion, an increase of 481.8% from Q1 in 2020 and an increase of 20.2% from Q4 in 2020.

  NIO’s Q1 net loss was US$68.8 million, a decrease of 73.3% compared to 2020 Q1 and a decrease of 67.5% compared to 2020 Q4.

 LI's Q1 gross profit margin in 2021 will be 17.3%, while Q1 and Q4 gross margins in 2020 will be 8.0% and 17.5% respectively; 

 XPEV's Q1 gross profit margin in 2021 will be 11.2%, while Q1 in 2020 and Q4 in 2020  The gross profit margins are-4.8% and 7.4%, respectively; 

 NIO's Q1 gross profit margin in 2021 is 19.5%, while the gross profit margins in 2020 Q1 and 2020 Q4 are-12.2% and 17.2%, respectively.

 The continued high investment in research and development is considered to be the main reason why the Big Three failed to make real profits.

 The financial report shows that the R&D expenses of LI, XPEV, and NIO accounted for 14.41%, 18.13%, and 8.61% of the overall revenue, respectively.

 The founder, chairman, and CEO of LI Auto said that he will increase investment in research and development in the future.

 In contrast, Tesla has been profitable for 7 consecutive quarters.  The financial report shows that Tesla’s Q1 revenue was 10.389 billion U.S. dollars, an increase of 73.58% year-on-year. Its revenue scale was approximately 18.5 times that of LI Auto, 22.4 times that of XPEV, and 8.3 times that of NIO; Q1 net profit was $438 million.  The Big Three are in sharp contrast.

 As of March 31, 2021, LI auto cash and cash equivalents, restricted cash, time deposits, and short-term investment balances were US$4.63 billion; XPEV was US$5.525.4 million; NIO was US$7.3 billion.

 Curved road overtaking: launching new cars and expanding production capacity

 Just one day before the release of the financial report, LI Auto released the 2021 LI-ONE model. The new car has been upgraded in terms of vehicle configuration, cruising range, and autonomous driving, and will be delivered on June 1 this year.

 At the 2021 Shanghai Auto Show, XPEV Cars will unveil its third product, the world's first mass-produced smart car equipped with lidar, the XPEV P5.  It is understood that XPEV P5 is expected to be delivered in the fourth quarter of 2021.

 Recently, there have been media reports that NIO may launch an entry-level sub-brand, and its first model is called "Gemini" in English.  The positioning will be lower than that of existing SUVs and cars, with an annual output of 60,000; this will be the entry-level model that NIO will launch.

 NIO is currently in urgent need of developing the main model with the main price of about 200,000 yuan, exploring a wider market and complementing the NIO brand.

 Market value "cut in half"

 The complex and changeable market environment is finally reflected in the stock price.  LI's stock price is US$23.3 and the market value is US$21.078 billion; XPEV's stock price is US$32.13 and the market value is US$25.783 billion; NIO's stock price is US$38.62 and the market value is US$63.28 billion.

 Among them, based on the closing price, LI has fallen by 47.0% from its highest point of US$43.96, and its market value has evaporated by US$18.69 billion; XPEV has fallen from its highest point of US$72.17 by 55.48%, and its market value has evaporated by US$32.13 billion; NIO has fallen from its highest point of 62.84.  The U.S. dollar fell by 38.54%, and its market value evaporated by $39.685 billion.

 So far, the market value of the Big Three car manufacturers is almost "halved" from the high point, with a total market value of 90.505 billion U.S. dollars.

 The growth rate of the entire new energy industry is expected to slow down, the capital bubble ebbs, and the stock price gradually pulls back.  "Tesla is more regarded as a technology company than a car manufacturer. Moreover, the sales growth brought about by price cuts is not sustainable. 

 LI also only achieved quarterly profit and is still at a loss for the whole year. XPEV sales growth has slowed.  New energy car companies are still in the development stage. Compared with traditional car companies, the market size is smaller and there is a certain amount of water in the valuation."

 With the expiration of the local government's electric vehicle consumption encouragement policy, the further decline of the new subsidy quota, and the increase in chip prices caused by the "lack of core", all boost the cost of new car-building forces, and this will also affect  With its stock price.

 While the stock prices of the Big Three car manufacturers fluctuate, institutions are liquidating their positions.

 On February 13, Hillhouse Capital announced to the US Securities and Exchange Commission the position of US stocks at the end of the fourth quarter of 2020.  According to data, at the end of the third quarter of 2020, Hillhouse Capital held approximately 2.41 million shares of NIO, approximately 1.6 million shares of LI Auto, and approximately 900,000 shares of XPEV Auto.  At the end of the fourth quarter of the same year, Hillhouse Capital no longer holds the equity of the aforementioned new energy vehicle company.


Popular posts from this blog

TSM Stock Forecast and Price Target 2021

Today, I will analyze TSMC stocks in-depth with you. In the semiconductor sector, TSMC has always been my most promising stock. TSMC has just announced its results for the fourth quarter of 2020. At the same time, there are new developments in the entire chip industry recently. Therefore, today I will combine the financial report and chips. The latest developments in the industry to analyze the trend of TSMC stocks, First of all, we analyze TSMC’s fourth-quarter and full-year 2020 financial reports to see what are the key points worthy of investors’ attention. First, TSMC’s fourth-quarter revenue and profitability are very good.  Compared with the outlook for Q4 in Q3, the outlook at that time was US$12.4-12.7 billion, and the actual revenue was US$12.68 billion. Actual revenue As the upper limit of the outlook, the gross profit margin outlook is 51.5%-53.5%, while the actual gross profit margin is 54%, which is better than the outlook. The operating net profit margin is expected to be

INTC stock forecast 2025: Intel's acquisition of SiFive

SiFive, a chip design start-up company based on the RISC-V instruction set architecture, has received an acquisition intention from investor Intel.  A person familiar with the matter, who asked not to be named, said that Intel has offered to buy SiFive for more than $2 billion.  RISC-V with x86 and Arm  As we all know, Intel dominates the industry leader in x86 architecture chip technology, while SiFive focuses on open-source RISC-V technology and employs several founding members of the RISC-V architecture.  For a long time, the field of CPU instruction set architecture has been dominated by x86 and Arm. Since RISC-V was born at the University of California, Berkeley in 2010, it has gradually formed a certain competitive landscape with Arm after more than ten years of development.  With the gradual refinement of the application field, the model of one chip making the world has become a thing of the past. Facing the hot AI and Internet of Things market, RISC-V is becoming a semiconduct

Shopify stock forecast 2025:Is it worth buying?

  In the last year, the stocks rose relatively well. Another sector is e-commerce. Whether it is Amazon, Alibaba,, Pinduoduo, SEA or vertical e-commerce platforms Etsy and Chewy, all of them have experienced huge gains, while another category has benefited from the e-commerce sector.  The company is a website building tool company such as Shopify BigCommerce Holdings. Today I will talk about shopify, the leader of website building tools.  First, let's briefly talk about shopify's business model. To put it simply, shopify is a fool-like website building platform. In the past, when a company wanted to build a corporate website, it generally needed to find a dedicated person to design and maintain the website.  If you want to add shopping functions to the website, the cost of building the website will also increase. This is true for many small businesses and individual businesses.   A very difficult thing. Shopify uses the SAAS model to provide website building services.

Cloudflare's 4Q 2021 earnings report

 Just took a look at Cloudflare's (NET) 4Q 2021 earnings report. Cloudflare is in an area that covers several hot spots, including content delivery networks, i.e. CDNs, cloud computing, and cybersecurity. For the Cloudflare quarterly report, here is a summary: 1) Revenue of $194 million (then expected 4Q revenue in the range of $184 to $185 million), up 52% year-over-year ($172 million in 2021, up 51% year-over-year). 2) The number of customers continues to grow rapidly, with the total number of customers has reached 1416 (1260 in the previous quarter). 3) Non-GAAP gross margin was 79.2% vs. 78.1% in the same quarter last year (vs. 79.2% in 3Q vs. 77.3% in the same quarter last year.) Non-GAAP net income has started to turn around, meaning it has started to be profitable. 4) Revenue is expected to be in the range of $205 to $206 million in 4Q. That works out to about 6% YoY growth. Cloudflare had good results this time, beating its previous guidance. Revenues are still growing at a

TSMC VS Nvidia, AMD, Intel. How to choose semiconductor stocks?

The general pattern of the semiconductor industry, the overall trend and target price of TSMC in 2021, how the Nvidia(NVDA), AMD, and Intel(INTC) semiconductor stocks are laid out, what is the decisive factors, and whether there is a predictable time point, we conducted a more systematic discussion.  The big picture of the semiconductor industry The semiconductor industry is cyclical. Since the second half of 2019, global semiconductors have entered a new round of the business cycle. This is very important. Only when you understand this reason can you hold stocks with peace of mind. The following analysis is based on the time dimension. In the short term, looking at one to three months now, with the outbreak of the epidemic again, the production capacity of 8-inch wafers are in short supply, the semiconductor industry chain is out of stock, wafer foundry, packaging, and testing links have seen price increases, and production capacity is in short supply. High economic situation, In the

PLTR stock forecast 2025: Cathie Woods increased Palantir stock position

Software company Palantir (PLTR) released the latest quarterly earnings report, which performed very well.  After the financial report, Palantir's stock price soared to 14.64% at the highest point. At the same time, the keen Cathie Woods also bought $140 million in Palantir stock.  I won't talk about Palantir's specific business. If you don't know much about it, you can go back to my previous article.  Let's talk back to the financial report.  Benefiting from the benefits of the US government’s contract renewal, Palantir’s earnings per share and total revenue both beat expectations for this quarter’s earnings report.  Among them, earnings per share were $0.04, beating the expected $0.01; total revenue was 376 million, an increase of 49% from the same period last year, slightly higher than the expected $361 million.  Although the extent of beating expectations is not very large, the biggest highlight of the financial report is to broaden the business.   The value of

ARKK VS ARKW, ARKQ, ARKG, ARKF, How to choose ARK Innovation ETF?

Which ARK Innovation ETF is best? Let’s perform an Ark ETF review. Today, I will introduce to you the five actively managed ETFs in ARK INNOVATION. Let’s take a look at which types of companies they have invested in so that you can choose the industry you like to invest in. ARK INNOVATION was founded by Catherine Wood. This investment company is a revolutionary and innovative company that specializes in investment. Their company currently manages seven different types of ETFs, five of which are actively managed ETFs, and the other two One is an exponential passive ETF, Simply put, the biggest difference between these two ETFs is that for actively managed ETFs, they will frequently trade the company stocks in the fund, so the proportion of the company he holds will always change, while the index-type ETF is as they think. After purchasing the company, you will not be able to move it again. It is very similar to S&P500 or QQQ, except that the holding company is different. Then let

7 great investors' operating strategies to deal with the stock!

No one can be 100% sure about the outlook for the US stock market. Instead of entangled in whether the bull market in US stocks will end, it is better to think about what lessons can be learned from this plunge. Historically, due to the end of the summer market in September, U.S. stocks did not perform well. The plunge on Thursday sounded like a wake-up call for investors earlier. Be careful next week. Although Nasdaq is tolerant of faults The rate is high, but the up-and-down shock pattern has not changed, and there needs to be an established process. Investing in stocks should take a long-term view, have a long-term investment mentality, don't care too much about the rise and fall of one or two days, and don't feel unhappy because of the turmoil of the stock market, which affects the judgment of stock buying and selling. Today, let's take a look at how those familiar investment masters are invincible. The reason why masters become masters is that they have become masters

SNAP stock forecast 2025: Is it time to buy Snapchat?

In the US social networking industry, there are four listed companies. They are the famous Facebook, former US President Trump's favorite information publishing platform Twitter, photo sharing and social networking site Pinterest, and Snapchat, which is popular among young people. Most of them are between 25 and 55 years old and have used Facebook products more or less. But it is very new to Snapchat. In fact, Snapchat is a powerful challenger for Facebook. The greatest charm lies in rapid growth. In the past year, the stock price has risen from US$20 to more than US$70, and the company is now worth more than US$100 billion. Snap was founded in 2010 and is headquartered in California. The company's flagship product, Snapchat, is photo sharing and social networking software. The software comes from a "burn after reading" photo-sharing application developed by two students from Stanford University. In April 2011, founder Evan Spiegel introduced the idea of ​​his final p