Celus announced that the R&D expenses of Interworld M9 and M7 were too high, with a net loss of 2.45 billion yuan

Celes Motor recently announced that its revenue in 2023 will be 35.842 billion yuan, up 5.09% year on year; The net profit attributable to shareholders of listed companies was - 2450 million yuan, which was significantly lower than the profit level of the same period last year.

In the report, Celes clearly pointed out that one of the main reasons for the loss was the high R&D costs of Interworld M9, M7 and other models.

It is reported that the R&D investment of these two models accounts for a considerable proportion of the total cost, not only including the high salaries of R&D personnel, equipment purchase and operation costs, but also including the one-time investment in complex mold development and production preparation. These high R&D expenses have hindered the profitability of the company to a certain extent.

Although the sales volume of the new energy vehicle market will increase by 11.75% in 2023, The sales volume of new energy vehicles of Celes also reached 150900, a record high, but the high R&D costs still put the company into a loss situation. In addition, in order to achieve sales volume, the company also increased sales channel construction and marketing investment, further increasing costs.

It is worth noting that Celis mentioned in the report that with the growth of sales, the company's profitability has improved, with a year-on-year loss of 1.382 billion yuan, and the gross profit margin in the fourth quarter increased to 13.54%. This data shows that although it faces many challenges, Celes is still trying to improve its financial situation.

In addition, Celis mentioned in another announcement that the company plans to purchase Chongqing Liangjiang New Area Longsheng New Energy Technology Co., Ltd. (hereinafter referred to as Longsheng New Energy) held by Chongqing Liangjiang New Area Development and Investment Group Co., Ltd., Chongqing Liangjiang New Area Industrial Development Group Co., Ltd. and Chongqing Liangjiang New Area Longsheng New Energy Technology Co., Ltd. by issuing shares 100% equity.

Longsheng New Energy provides productive leasing services for new energy automobile factories. As of the signing date of the plan, the main asset of Longsheng New Energy is a super factory, which is mainly used to produce new energy vehicle products such as AITO Interworld M9 series.

For the future, Celis Automobile said that it will continue to increase investment in the field of new energy vehicles, and constantly improve product quality and technical level to meet market demand. At the same time, the company will further optimize cost control and improve operating efficiency to achieve continuous improvement of profitability.