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Author | Truman
"We are very confident about the goal of doubling sales."
"We also have confidence in achieving a balance of payments next year."
"The price reduction shows that there are too many car manufacturers in China now."
"We have no plans to buy anyone."
Feng Ke, CFO of Weilai, contributed a lot of hot searches yesterday.
Have confidence, very confident.
In an interview with Bloomberg TV, Feng Wei said that he was "very confident" about the goal of doubling the sales of Weilai cars this year.
Then, Weilai rose sharply in Hong Kong stocks yesterday, jumping 8.6% in early trading, and the increase in the past two days reached about 18%.
Last year, Weilai * * * delivered 65,438+022,486 new cars, although it increased by 34% year-on-year, but it did not reach the target of more than 65,438+050 vehicles set at the beginning of the year.
Source: Wei Lai
This year, Feng Ke, as CFO, directly expressed "great confidence in achieving the sales target in 2023", that is, doubling to 250,000 vehicles on the basis of 2022.
In the first two months of this year, Weilai delivered 8,505 new cars and 12 and 157 respectively, totaling 20,662 vehicles, up 30.9% year-on-year.
At the same time, Weilai gave the delivery guideline for the first quarter in the financial report: 365,438+0,000-33,000 vehicles. In this way, in March, Weilai will deliver 65,438+00,338-65,438+02,338 vehicles.
Source: Wei Lai
The question is, how does Weilai achieve the goal of doubling annual sales?
Feng Wei said in an interview that Weilai will achieve sales growth by launching new models, expanding the charging and replacing network and developing autonomous driving technology.
Besides having confidence in doubling sales, Feng Ke, as the chief financial officer (CFO), also said that Weilai was "confident" in achieving a balance of payments at the group level next year.
Source: Wei Lai
That is: "strong income growth, coupled with tight spending, is the key to improving profitability."
Simply put, it is to increase revenue and reduce expenditure.
However, Bloomberg wrote in the report that although Weilai's share price rose this week, Weilai's market value in Hong Kong stocks and US stocks plummeted by more than 50% in the past year.
At the beginning of 20021,when the market value of Ford, a world-renowned old car company, reached the peak of nearly $ kloc-0/000 billion, Weilai's share price was almost twice that of Ford, but a year later, Weilai's valuation was less than one third of Ford's.
There are too many car companies in China.
Obviously, if Weilai can achieve the sales target of 250,000 vehicles this year, it will be an important milestone for Weilai and other new forces in the same batch.
But I still want to say that it is a bit difficult in the current China auto market.
As we all know, since March, the domestic auto market has been a word: chaos.
Price reduction, insured price, batch sales, batch share ... It can be said that almost all car companies in China are facing increasingly fierce competition.
Tesla's two price cuts at the end of last year and early last year swept the China auto market like catfish.
Since then, Tucki, Wen Jie and a series of new forces have followed suit. Then, with the follow-up of independent brands and joint venture brands such as BYD, Volkswagen and Ford, the price war in China automobile market has started in 2023.
What does that mean?
Feng Wei, chief financial officer of Weilai, said that the price reduction shows that there are too many car companies in China!
Netizen: So you are not in the minority (no)?
In the interview, Feng Wei said that with the increasing popularity of new energy vehicles, it is expected that there will be large-scale integration in the domestic automobile industry. "It is almost true that there are too many car manufacturers in China now, but we have no plans to buy anyone."
Netizen: So you want to be bought?
Who's Feng Ke?
So who is Feng Ke, CFO of Weilai Automobile?
Source: Wei Lai
In the management team of Weilai, it was introduced as follows: Feng Ke joined Weilai from 20 19 1 1 and has been the chief financial officer of Weilai.
Prior to this, Feng Wei had rich experience, including working in ZF as an industry analyst and chief analyst in the automobile and parts industries.
Feng Wei graduated from the Department of Automotive Engineering of Tsinghua University with a bachelor's degree, and later obtained a joint master's degree in automotive system engineering from Aachen University and Tsinghua University.
Feng Wei has worked in ZF Group for more than five years. 20 10-20 13, Feng Wei joined Everbright Securities Co., Ltd. as an industry analyst.
From 20 14 to 20 19, Feng Wei was the managing director and chief analyst of the research department of automobile and parts industry of CICC.
Source: Wei Lai
Until 20 19, 1 1 joined weilai to replace former CFO Xie Dongying who resigned for personal reasons at that time. Up to now, Feng Ke has joined Weilai for nearly four years.
In fact, when Feng Ke joined us, it happened to be Wei Lai's "Field of Life and Death" 20 19.
At that time, Li Bin welcomed Feng Ke's arrival and said that "his financial and operational experience in automobile-related fields and outstanding achievements in the industry field have become an excellent choice to lead Weilai's financial team."
According to public information, when Feng Ke joined Weilai, he had nearly 15 years of financial and operational experience in the automobile industry. So what did Feng Ke bring to Weilai as CFO?
Financial report data
Earlier this month, Weilai announced the financial report data for the fourth quarter of 2022 and last year. The data shows that in 2022, Weilai's total revenue was 49.27 billion yuan, a year-on-year increase of 36.3%.
Source: Wei Lai
Although the income is increasing, the loss is also expanding. In 2022, the net loss was as high as 654.38+044 billion yuan, a year-on-year increase of 259.4%.
The unit price of Weilai has always been higher than that of most new forces, but from the perspective of gross profit margin and bicycle profit rate, it will decline to varying degrees in 2022.
The gross profit margin in 2022 is 10.4%, and in 2026 it is 18.9%. In 2022, the vehicle profit rate was 13.7%, and in 20021year it was 20. 1%.
Source: Wei Lai
As the chief financial officer of Weilai, Feng Ke said in the financial report, "2022 is a year for Weilai to invest decisively and accelerate its entry into the global market. In 2023, we will focus on improving execution efficiency and work in an agile and efficient mode. In the long run, embrace the competition in the global electric vehicle market. "
As of midday, Weilai Hong Kong stocks reported 72.35 yuan/share, with a market value of 65.438+0209 billion.
Source: Yahoo Finance
This article comes from the author's Che Yi No.2 Super Electric Laboratory, and the copyright belongs to the author. Please contact the author in any form. The content only represents the author's point of view and has nothing to do with the car reform.