Cyrus' revenue in the first half of the year fell 11.14% year-on-year, but its net loss reduced to 1.344 billion yuan

Thalys released its annual report for the first half of 2023 today, showing that the net profit attributable to shareholders of listed companies was negative

Operating income in the first half of the year was 11.032 billion yuan, a year-on-year decrease of 11.14%. The net profit loss attributable to the owners of the parent company was 1.344 billion yuan, compared with the net loss of 1.727 billion yuan in the same period last year, and the loss margin narrowed. Basic earnings per share is -0.9 yuan

## Sailis said that this The main reasons for the negative net profit attributable to shareholders of listed companies in the period include:

Promotional activities in the automobile industry in the first quarter caused consumers to have a wait-and-see attitude, plus they were concerned about the M5 smart driving version released in the second quarter expectations have had a certain impact on the sales of existing models, so the company's sales in the first half of the year declined. Due to tight supply chains and continued rise in raw material prices last year, the company prepared a certain amount of raw material inventory to absorb previously higher-cost raw materials, resulting in a decrease in gross profit margin compared with the same period last year. At the same time, the company maintains high R&D investment in the core technology field of new energy vehicles and continues to introduce R&D and technical talents, resulting in an increase in R&D expenses compared with the same period last year

With the growth of the M5 smart driving version and other models Launched, as well as increased overseas sales and falling raw material prices, the company expects sales and profitability to improve in the second half of the year

Cyrus Automobile’s sales in the first half of this year reached a cumulative 92,163 vehicles, which is the same as last year It dropped by 26.66% compared with the same period. Among them, the sales volume of Cyrus Automobile in the first half of the year reached 25,761 units, a year-on-year increase of 19.37%. The sales volume of Cyrus New Energy Vehicles reached 6,934 units in July this year (including but not limited to AITO questions). industry), a year-on-year decrease of 47.83%. This year’s cumulative sales volume was 51,734 vehicles, a year-on-year decrease of 12.19%. The closing price of Cyrus stock today was 36.69 yuan per share, with a market value of 50.723 billion yuan. However, we note that Cyrus shares have fallen more than 50% from their June 2022 highs, and even are down 12.25% year-to-date

Advertising Statement: This article contains external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.), which are intended to provide more information, save screening time, and are for reference only. Please note that all articles on this site contain this statement

The above is the detailed content of Cyrus' revenue in the first half of the year fell 11.14% year-on-year, but its net loss reduced to 1.344 billion yuan. For more information, please follow other related articles on the PHP Chinese website!