On May 20, Ideal Auto announced its financial report for the first quarter of 2024.

According to the data, 80400 vehicles were delivered in the first quarter, up 52.9% year on year. The total revenue in the first quarter was 25.6 billion yuan, up 36.4% year on year. The adjusted net profit of Ideal Auto in the first quarter was 1.3 billion yuan (excluding equity incentive expenses), and the gross profit margin was 20.6%.

Since the fourth quarter of 2022, Ideal Auto has made profits for six consecutive quarters.

The announcement shows that the company delivered 25787 vehicles in April 2024, an increase of 0.4% over April 2023. As of April 30, 2024, the company has 481 retail centers in 144 cities across the country, and has operated 361 after-sales maintenance centers and ideal automobile authorized body and paint centers in 210 cities.

At present, the ideal car is accelerating the construction of charging network, and the 400th ideal overcharging station was officially launched on May 15. According to the plan, the ideal car goal is to build more than 2000 overcharge stations by the end of this year, and the number of charging posts will exceed 10000.

In the first quarter, the R&D expense of Ideal Auto was 3 billion yuan, up 64.6% year on year. At present, the ideal AD Max 3.0 advanced version is being tested by thousands of users. The test includes the functions of opening all sections of the country's urban NOA, urban LCC proxy command, and high-speed NOA toll station traffic. It is expected to be open to all users of AD Max in the third quarter of this year.

As of March 31, 2024, the cash reserve of ideal automobile is 98.9 billion yuan.

Looking forward to the second quarter, the delivery of ideal vehicles in the second quarter is expected to reach 105000 to 110000, up 21.3% to 27.1% year on year; The total revenue was 29.9 billion yuan to 31.4 billion yuan, up 4.2% to 9.4% year on year.

The article is synthesized from the official announcement of Ideal Auto, the Daily Economic News, the Financial Associated Press, etc.