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RTRaman
2021-06-11
Good
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RTRaman
2021-06-11
Done
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2021-06-11
Nice
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RTRaman
2021-05-27
Ok
Nvidia EPS beats by $0.38, beats on revenue<blockquote>英伟达每股收益超过预期0.38美元，营收超过预期</blockquote>
RTRaman
2021-05-27
Good one. Missed
RTRaman
2021-05-27
Ok
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RTRaman
2021-05-27
Missed to buy last week [龇牙]
Li Auto EPS beats by $0.01, beats on revenue<blockquote>理想汽车EPS超过预期0.01美元，营收超过预期</blockquote>
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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622072280,"share":"https://www.laohu8.com/m/news/1198109956?lang=zh_CN&edition=full","pubTime":"2021-05-27 07:38","market":"us","language":"en","title":"Nvidia EPS beats by $0.38, beats on revenue<blockquote>英伟达每股收益超过预期0.38美元，营收超过预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198109956","media":"Tiger Newspress","summary":" Nvidia today reported record revenue for the first quarter ended May 2, 2021, of $5.66 billion, up 84 percent from a year earlier and up 13 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.Nvidia Q1 Non-GAAP EPS of $3.66beats by $0.38; GAAP EPS of $3.03beats by $0.51.Revenue of $5.66B beats by $250M.NVIDIA paid quarterly cash dividends of $99 million in the first quarter. It will pay its next quarterly cash di","content":"<p>(May 27) Nvidia today reported record revenue for the first quarter ended May 2, 2021, of $5.66 billion, up 84 percent from a year earlier and up 13 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.</p><p><blockquote>（5月27日）英伟达今天公布了截至2021年5月2日的第一季度创纪录的收入，为56.6亿美元，同比增长84%，环比增长13%，来自该公司游戏、数据中心和专业可视化平台的收入创纪录。</blockquote></p><p><ul><li>Nvidia Q1 Non-GAAP EPS of $3.66beats by $0.38; GAAP EPS of $3.03beats by $0.51.</li><li>Revenue of $5.66B (+83.8% Y/Y)beats by $250M.</li></ul><b>Outlook for the second quarter of fiscal 2022 is as follows:</b></p><p><blockquote><ul><li>Nvidia第一季度非GAAP每股收益为3.66美元，超过预期为0.38美元；GAAP每股收益为3.03美元，超过预期为0.51美元。</li><li>收入为$5.66 B（同比增长83.8%）超过预期2.5亿美元。</li></ul><b>2022财年第二季度展望如下：</b></blockquote></p><p><ul><li>Revenue is expected to be $6.30 billion, plus or minus 2 percent vs. $5.48B consensus.</li><li>GAAP and non-GAAP gross margins are expected to be 64.6 percent and 66.5 percent, respectively, plus or minus 50 basis points.</li><li>GAAP and non-GAAP operating expenses are expected to be approximately $1.76 billion and $1.26 billion, respectively.</li><li>GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $50 million.</li><li>GAAP and non-GAAP tax rates are both expected to be 10 percent, plus or minus 1 percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter-by-quarter basis.</li></ul>Shares of Nvidia fell nearly 1% in afterhour trading.</p><p><blockquote><ul><li>收入预计为63亿美元，同比正负2%。$54.8亿共识。</li><li>GAAP和非GAAP毛利率预计分别为64.6%和66.5%，上下浮动50个基点。</li><li>GAAP和非GAAP运营费用预计分别约为17.6亿美元和12.6亿美元。</li><li>GAAP和非GAAP其他收入和费用预计均为约5000万美元的费用。</li><li>GAAP和非GAAP税率预计均为10%，正负1%，不包括任何离散项目。GAAP离散项目包括与股票薪酬相关的超额税收优惠或缺陷，预计会产生季度差异。</li></ul>英伟达股价在盘后交易中下跌近1%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cc5b2493152883344459d99c9fa7aa82\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\">“We had a fantastic quarter, with strong demand for our products driving record revenue,” saidJensen Huang, founder and CEO of NVIDIA.</p><p><blockquote>英伟达创始人兼首席执行官黄仁勋表示：“我们度过了一个出色的季度，对我们产品的强劲需求推动了创纪录的收入。”</blockquote></p><p>“Our Data Center (VPN) business continues to expand, as the world’s industries take up NVIDIA AI to process computer vision, conversational AI, natural language understanding and recommender systems. NVIDIA RTX has reinvented computer graphics and is driving upgrades across the gaming and design markets. Our partners are launching the largest-ever wave of NVIDIA-powered laptops. Across industries, the adoption of NVIDIA computing platforms is accelerating.</p><p><blockquote>“随着全球各行业采用NVIDIA AI来处理计算机视觉、对话式AI、自然语言理解和推荐系统，我们的数据中心(VPN)业务不断扩大。NVIDIA RTX重塑了计算机图形，并推动了整个游戏和设计市场的升级。我们的合作伙伴正在推出有史以来最大规模的NVIDIA笔记本电脑浪潮。在各个行业中，英伟达计算平台的采用正在加速。</blockquote></p><p>“Mellanox, one year in, has exceeded our expectations and transformed NVIDIA into a data-center-scale computing company. We continue to make headway with our planned acquisition of Arm, which will accelerate innovation and growth for the Arm ecosystem. From gaming, cloud computing, AI, robotics, self-driving cars, to genomics and computational biology, NVIDIA continues to do impactful work to invent a better future,” he said.</p><p><blockquote>“一年来，Mellanox超出了我们的预期，将英伟达转变为一家数据中心规模的计算公司。我们计划收购Arm，继续取得进展，这将加速Arm生态系统的创新和增长。从游戏、云计算、人工智能、机器人、自动驾驶汽车，到基因组学和计算生物学，英伟达继续开展有影响力的工作，以创造更美好的未来，”他说。</blockquote></p><p>NVIDIA paid quarterly cash dividends of $99 million in the first quarter. It will pay its next quarterly cash dividend of $0.16 per share on July 1, 2021, to all shareholders of record on June 10, 2021.</p><p><blockquote>英伟达第一季度支付了9900万美元的季度现金股息。它将于2021年7月1日向2021年6月10日登记在册的所有股东支付每股0.16美元的下一季度现金股息。</blockquote></p><p>On May 21, 2021, the company’s board of directors declared a four-for-one split of NVIDIA’s common stock payable in the form of a stock dividend, with the additional shares expected to be distributed on July 19, 2021. The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders on June 3, 2021, to increase the number of authorized shares of common stock from 2 billion to 4 billion.</p><p><blockquote>2021年5月21日，公司董事会宣布以股票股息的形式将英伟达普通股拆四拆一，额外股份预计将于2021年7月19日分配。股票股息的条件是在2021年6月3日举行的公司2021年年度股东大会上获得股东批准，将普通股授权股数从20亿股增加到40亿股。</blockquote></p><p><b>Highlights</b></p><p><blockquote><b>亮点</b></blockquote></p><p>NVIDIA achieved progress since its previous earnings announcement in these areas:</p><p><blockquote>自上次财报发布以来，英伟达在以下领域取得了进展：</blockquote></p><p><b>Gaming</b></p><p><blockquote><b>游戏</b></blockquote></p><p><ul><li>First-quarter revenue was a record $2.76 billion, up 106 percent from a year earlier and up 11 percent from the previous quarter.</li><li>Broadened the wave of laptops powered by NVIDIA’s second-generation RTX graphics with the launch ofGeForce RTX™ 3060 Laptop GPU systemsstarting at $999, and the announcement ofGeForce®3050 Ti and 3050 Laptop GPU systemsstarting at $799 and aimed at gamers and creators.</li><li>AcceleratedRTX momentumwith now over 60 games, including<i>Call of Duty Modern Warfare,Crysis Remastered</i>and<i>Outriders.</i></li><li>Took steps to improve gamers’ access to GeForce GPUs byreducing the Ethereum hash rate on newly manufactured RTX 3080, 3070 and 3060 Ti graphics cards-- which carry a “Lite Hash Rate,” or “LHR,” identifier -- in addition toprevious steps to lower the RTX 3060’s hash rate.</li><li>Announced thatNVIDIA DLSS is available now in Unreal Engine 4and soon in theUnity game engine.</li><li>Announced thatNVIDIA Reflex, which reduces system latency, is now incorporated into<i>Call of Duty Warzone</i>,<i>Overwatch</i>and<i>Rainbow Six</i><i>: Siege</i>.</li><li>Announced thatGeForce NOW™, now in its second year, has over 10 million members in more than 70 countries and is approaching 1,000 games in its library.</li></ul><b>Data Center</b></p><p><blockquote><ul><li>第一季度营收达到创纪录的27.6亿美元，同比增长106%，环比增长11%。</li><li>随着GeForce RTX的推出，扩大了采用NVIDIA第二代RTX显卡的笔记本电脑浪潮™3060笔记本电脑GPU系统起价999美元，以及GeForce的发布®3050 Ti和3050笔记本电脑GPU系统起价799美元，面向游戏玩家和创作者。</li><li>加速RTX势头，现已推出60多款游戏，包括<i>使命看涨期权现代战争，孤岛危机重制版</i>和<i>Outriders.</i></li><li>采取措施，通过降低新制造的RTX 3080、3070和3060 Ti显卡上的以太币哈希率（这些显卡带有“精简哈希率”或“LHR”标识符）来改善游戏玩家对GeForce GPU的访问。降低RTX 3060的哈希率。</li><li>宣布英伟达DLSS现已在虚幻引擎4中推出，并很快在Unity游戏引擎中推出。</li><li>宣布降低系统延迟的NVIDIA Reflex现已纳入<i>看涨期权值班战区</i>,<i>守望</i>和<i>彩虹六号</i><i>：胜利</i>.</li><li>宣布GeForce Now™该游戏现已进入第二年，在70多个国家拥有超过1000万会员，其图书馆中的游戏数量接近1,000款。</li></ul><b>数据中心</b></blockquote></p><p></p><p><ul><li>First-quarter revenue was a record $2.05 billion, up 79 percent from a year earlier and up 8 percent from the previous quarter.</li><li>Hosted its largest-everGPU Technology Conference, virtually, with more than 200,000 registrations from 195 countries, and an opening keynote with over 14 million views.</li><li>UnveiledNVIDIA Grace™, its first Arm-based data center CPU, designed for giant-scale AI and high performance computing, which will deliver 10x the performance of today’s fastest servers and power theworld’s most powerful AI-capable supercomputerat the Swiss National Supercomputing Centre.</li><li>Collaborated with Amazon Web Services to deployNVIDIA GPU inferencingthrough GPU-accelerated, AWS Graviton2-based Amazon EC2 instances, enabling GPU-accelerated games to run natively on AWS and allowing greater performance for Arm-based workloads.</li><li>Unveiled theNVIDIA®BlueField-3®DPU, the first data processing unit built for AI and accelerated computing, with support from VMware, Splunk, NetApp, Cloudflare and others.</li><li>Announced thenew NVIDIA DGX SuperPOD™, the first cloud-native, multi-tenant supercomputer, with customers in conversational AI, drug discovery, autonomous vehicles and more.</li><li>Announced that its AI inference platform, expanded withNVIDIA A30 and A10 GPUsfor mainstream servers, set records across every category in the latest release of the MLPerf benchmark for AI performance across a range of workloads.</li><li>Announced theNVIDIA AI Enterprise software suite for VMware vSphere, enabling scale-out, multi-node performance and compatibility for a range of applications and data science.</li><li>Introduced theNVIDIA Morpheus AIapplication framework to enable cybersecurity providers to instantly detect cyber breaches using AI and NVIDIA BlueField DPUs.</li><li>Announced availability ofNVIDIA Jarvis, a framework for interactive conversational AI, andNVIDIA Maxine™, a framework for real-time video-based experiences.</li><li>UnveiledNVIDIA TAO, a framework for accelerating the creation of enterprise AI applications.</li><li>Expanded its work supportingdrug development and discovery with NVIDIA Clara Discovery, announcing a partnership with Schrödinger to support the pharmaceutical industry with AI software to speed drug-discovery workflows.</li></ul><b>Professional Visualization</b></p><p><blockquote><ul><li>第一季度营收达到创纪录的20.5亿美元，同比增长79%，环比增长8%。</li><li>虚拟主办了其最大的everGPU技术会议，来自195个国家的超过200,000名注册者，开幕主题演讲的浏览量超过1400万次。</li><li>揭幕NVIDIA Grace™这是其首款基于Arm的数据中心CPU，专为大规模人工智能和高性能计算而设计，其性能将是当今最快服务器的10倍，并为瑞士国家超级计算中心世界上最强大的人工智能超级计算机提供动力。</li><li>与Amazon Web Services合作，通过GPU加速、基于AWS Graviton2的Amazon EC2实例部署NVIDIA GPU推理，使GPU加速的游戏能够在AWS上原生运行，并为基于Arm的工作负载提供更高的性能。</li><li>theNVIDIA®蓝田3®DPU是第一个为人工智能和加速计算构建的数据处理单元，得到了VMware、Splunk、NetApp、Cloudflare等公司的支持。</li><li>宣布推出新款NVIDIA DGX SuperPOD™，第一台云原生、多租户超级计算机，客户涉及对话式AI、药物发现、自动驾驶汽车等领域。</li><li>宣布其人工智能推理平台通过NVIDIA A30和A10 GPU扩展到主流服务器，在最新发布的MLPerf基准测试中创下了一系列工作负载的人工智能性能的各个类别的记录。</li><li>发布了适用于VMware vSphere的Envidia AI企业软件套件，为一系列应用程序和数据科学实现横向扩展、多节点性能和兼容性。</li><li>推出了NVIDIA Morpheus AIApplication框架，使网络安全提供商能够使用AI和NVIDIA Bluefield DPU即时检测网络违规行为。</li><li>宣布推出交互式对话式人工智能框架NVIDIA Jarvis和NVIDIA Maxine™，一个基于实时视频体验的框架。</li><li>推出NVIDIA TAO，这是一个加速企业人工智能应用程序创建的框架。</li><li>通过NVIDIA Clara Discovery扩大了支持药物开发和发现的工作，宣布与Schrödinger合作，通过人工智能软件支持制药行业，以加快药物发现工作流程。</li></ul><b>专业可视化</b></blockquote></p><p><ul><li>First-quarter revenue was a record $372 million, up 21 percent both from a year earlier and the previous quarter.</li><li>Launched NVIDIA Omniverse™ Enterprisesoftware for real-time 3D design and collaboration, with BMW Group, Foster + Partners and WPP as early customers.</li><li>UnveiledNVIDIA RTX™ GPUsfor next-gen laptop and desktop workstations, including the NVIDIA RTX A4000 and A5000 for desktops and the A2000, A3000, A4000 and A5000 for laptops.</li><li>RevealedGANverse3D, an AI model for creating 3D object models from standard 2D images.</li></ul><b>Automotive</b></p><p><blockquote><ul><li>第一季度收入达到创纪录的3.72亿美元，同比和上一季度均增长21%。</li><li>推出NVIDIA Omniverse™用于实时3D设计和协作的企业软件，宝马集团、Foster+Partners和WPP是早期客户。</li><li>NVIDIA RTX亮相™适用于下一代笔记本电脑和台式机工作站的GPU，包括适用于台式机的NVIDIA RTX A4000和A5000以及适用于笔记本电脑的A2000、A3000、A4000和A5000。</li><li>RevealedGANverse3D，一个用于从标准2D图像创建3D对象模型的人工智能模型。</li></ul><b>汽车的</b></blockquote></p><p><ul><li>First-quarter revenue was $154 million, down 1 percent from a year earlier and up 6 percent from the previous quarter.</li><li>Unveiled NVIDIA DRIVE Atlan™, an AI-enabled processor for autonomous vehicles with 1,000 TOPS and data-center-grade security, targeting automakers’ 2025 vehicles.</li><li>AnnouncedNVIDIA DRIVE Hyperion™ 8, the latest generation of a fully operational, open platform that reduces the time and cost to outfit vehicles with AI and surround sensors.</li><li>Announced thatNVIDIA DRIVE™ will be powering intelligent new energy vehiclesfrom SAIC R Auto, IM Motors, Faraday Future and VinFast, starting in 2022.</li><li>Revealed that Cruise is the latestrobotaxi company selecting NVIDIA DRIVE, following announcements by Amazon Zoox, DiDi (DIDI), Oxbotica, Pony.ai and AutoX.</li><li>Announced thatVolvo Cars will use NVIDIA DRIVE Orin™ to power the autonomous driving computer in its next-generation cars, beginning with the XC90, to be revealed in 2022.</li><li>Announced that theNVIDIA DRIVE platformpowers MBUX Hyperscreen, the AI cockpit in Mercedes-Benz’s new EQS sedan.</li><li>Announced that TuSimple and Navistar will buildself-driving trucks powered by the NVIDIA DRIVE AGX™ platform, and the self-driving truck companyPlus will use NVIDIA DRIVE Orinfor its upcoming autonomous vehicle platform.</li></ul></p><p><blockquote><ul><li>第一季度营收为1.54亿美元，同比下降1%，环比增长6%。</li><li>推出NVIDIA DRIVE Atlan™，一款支持人工智能的自动驾驶汽车处理器，具有1000个TOP和数据中心级安全性，目标是汽车制造商2025年的汽车。</li><li>宣布Nvidia Drive Hyperion™8、最新一代全功能开放平台，可减少为车辆配备人工智能和环绕传感器的时间和成本。</li><li>宣布Nvidia Drive™将从2022年开始为上汽R Auto、IM Motors、法拉第未来和VinFast的智能新能源汽车提供动力。</li><li>据透露，继亚马逊Zoox、滴滴(DIDI)、Oxbotica、小马智行和AutoX发布公告后，Cruise是最新一家选择NVIDIA DRIVE的Strobotaxi公司。</li><li>宣布沃尔沃汽车将使用NVIDIA DRIVE Orin™为其下一代汽车中的自动驾驶计算机提供动力，首先是将于2022年发布的XC90。</li><li>宣布ThenVidia Drive Platform为梅赛德斯-奔驰新款EQS轿车中的人工智能驾驶舱MBUX Hyperscreen提供支持。</li><li>宣布图森未来和纳威司达将制造由NVIDIA DRIVE AGX驱动的自动驾驶卡车™平台，自动驾驶卡车公司Plus将在其即将推出的自动驾驶汽车平台中使用NVIDIA DRIVE ORIN。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia EPS beats by $0.38, beats on revenue<blockquote>英伟达每股收益超过预期0.38美元，营收超过预期</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia EPS beats by $0.38, beats on revenue<blockquote>英伟达每股收益超过预期0.38美元，营收超过预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-27 07:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(May 27) Nvidia today reported record revenue for the first quarter ended May 2, 2021, of $5.66 billion, up 84 percent from a year earlier and up 13 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.</p><p><blockquote>（5月27日）英伟达今天公布了截至2021年5月2日的第一季度创纪录的收入，为56.6亿美元，同比增长84%，环比增长13%，来自该公司游戏、数据中心和专业可视化平台的收入创纪录。</blockquote></p><p><ul><li>Nvidia Q1 Non-GAAP EPS of $3.66beats by $0.38; GAAP EPS of $3.03beats by $0.51.</li><li>Revenue of $5.66B (+83.8% Y/Y)beats by $250M.</li></ul><b>Outlook for the second quarter of fiscal 2022 is as follows:</b></p><p><blockquote><ul><li>Nvidia第一季度非GAAP每股收益为3.66美元，超过预期为0.38美元；GAAP每股收益为3.03美元，超过预期为0.51美元。</li><li>收入为$5.66 B（同比增长83.8%）超过预期2.5亿美元。</li></ul><b>2022财年第二季度展望如下：</b></blockquote></p><p><ul><li>Revenue is expected to be $6.30 billion, plus or minus 2 percent vs. $5.48B consensus.</li><li>GAAP and non-GAAP gross margins are expected to be 64.6 percent and 66.5 percent, respectively, plus or minus 50 basis points.</li><li>GAAP and non-GAAP operating expenses are expected to be approximately $1.76 billion and $1.26 billion, respectively.</li><li>GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $50 million.</li><li>GAAP and non-GAAP tax rates are both expected to be 10 percent, plus or minus 1 percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter-by-quarter basis.</li></ul>Shares of Nvidia fell nearly 1% in afterhour trading.</p><p><blockquote><ul><li>收入预计为63亿美元，同比正负2%。$54.8亿共识。</li><li>GAAP和非GAAP毛利率预计分别为64.6%和66.5%，上下浮动50个基点。</li><li>GAAP和非GAAP运营费用预计分别约为17.6亿美元和12.6亿美元。</li><li>GAAP和非GAAP其他收入和费用预计均为约5000万美元的费用。</li><li>GAAP和非GAAP税率预计均为10%，正负1%，不包括任何离散项目。GAAP离散项目包括与股票薪酬相关的超额税收优惠或缺陷，预计会产生季度差异。</li></ul>英伟达股价在盘后交易中下跌近1%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cc5b2493152883344459d99c9fa7aa82\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\">“We had a fantastic quarter, with strong demand for our products driving record revenue,” saidJensen Huang, founder and CEO of NVIDIA.</p><p><blockquote>英伟达创始人兼首席执行官黄仁勋表示：“我们度过了一个出色的季度，对我们产品的强劲需求推动了创纪录的收入。”</blockquote></p><p>“Our Data Center (VPN) business continues to expand, as the world’s industries take up NVIDIA AI to process computer vision, conversational AI, natural language understanding and recommender systems. NVIDIA RTX has reinvented computer graphics and is driving upgrades across the gaming and design markets. Our partners are launching the largest-ever wave of NVIDIA-powered laptops. Across industries, the adoption of NVIDIA computing platforms is accelerating.</p><p><blockquote>“随着全球各行业采用NVIDIA AI来处理计算机视觉、对话式AI、自然语言理解和推荐系统，我们的数据中心(VPN)业务不断扩大。NVIDIA RTX重塑了计算机图形，并推动了整个游戏和设计市场的升级。我们的合作伙伴正在推出有史以来最大规模的NVIDIA笔记本电脑浪潮。在各个行业中，英伟达计算平台的采用正在加速。</blockquote></p><p>“Mellanox, one year in, has exceeded our expectations and transformed NVIDIA into a data-center-scale computing company. We continue to make headway with our planned acquisition of Arm, which will accelerate innovation and growth for the Arm ecosystem. From gaming, cloud computing, AI, robotics, self-driving cars, to genomics and computational biology, NVIDIA continues to do impactful work to invent a better future,” he said.</p><p><blockquote>“一年来，Mellanox超出了我们的预期，将英伟达转变为一家数据中心规模的计算公司。我们计划收购Arm，继续取得进展，这将加速Arm生态系统的创新和增长。从游戏、云计算、人工智能、机器人、自动驾驶汽车，到基因组学和计算生物学，英伟达继续开展有影响力的工作，以创造更美好的未来，”他说。</blockquote></p><p>NVIDIA paid quarterly cash dividends of $99 million in the first quarter. It will pay its next quarterly cash dividend of $0.16 per share on July 1, 2021, to all shareholders of record on June 10, 2021.</p><p><blockquote>英伟达第一季度支付了9900万美元的季度现金股息。它将于2021年7月1日向2021年6月10日登记在册的所有股东支付每股0.16美元的下一季度现金股息。</blockquote></p><p>On May 21, 2021, the company’s board of directors declared a four-for-one split of NVIDIA’s common stock payable in the form of a stock dividend, with the additional shares expected to be distributed on July 19, 2021. The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders on June 3, 2021, to increase the number of authorized shares of common stock from 2 billion to 4 billion.</p><p><blockquote>2021年5月21日，公司董事会宣布以股票股息的形式将英伟达普通股拆四拆一，额外股份预计将于2021年7月19日分配。股票股息的条件是在2021年6月3日举行的公司2021年年度股东大会上获得股东批准，将普通股授权股数从20亿股增加到40亿股。</blockquote></p><p><b>Highlights</b></p><p><blockquote><b>亮点</b></blockquote></p><p>NVIDIA achieved progress since its previous earnings announcement in these areas:</p><p><blockquote>自上次财报发布以来，英伟达在以下领域取得了进展：</blockquote></p><p><b>Gaming</b></p><p><blockquote><b>游戏</b></blockquote></p><p><ul><li>First-quarter revenue was a record $2.76 billion, up 106 percent from a year earlier and up 11 percent from the previous quarter.</li><li>Broadened the wave of laptops powered by NVIDIA’s second-generation RTX graphics with the launch ofGeForce RTX™ 3060 Laptop GPU systemsstarting at $999, and the announcement ofGeForce®3050 Ti and 3050 Laptop GPU systemsstarting at $799 and aimed at gamers and creators.</li><li>AcceleratedRTX momentumwith now over 60 games, including<i>Call of Duty Modern Warfare,Crysis Remastered</i>and<i>Outriders.</i></li><li>Took steps to improve gamers’ access to GeForce GPUs byreducing the Ethereum hash rate on newly manufactured RTX 3080, 3070 and 3060 Ti graphics cards-- which carry a “Lite Hash Rate,” or “LHR,” identifier -- in addition toprevious steps to lower the RTX 3060’s hash rate.</li><li>Announced thatNVIDIA DLSS is available now in Unreal Engine 4and soon in theUnity game engine.</li><li>Announced thatNVIDIA Reflex, which reduces system latency, is now incorporated into<i>Call of Duty Warzone</i>,<i>Overwatch</i>and<i>Rainbow Six</i><i>: Siege</i>.</li><li>Announced thatGeForce NOW™, now in its second year, has over 10 million members in more than 70 countries and is approaching 1,000 games in its library.</li></ul><b>Data Center</b></p><p><blockquote><ul><li>第一季度营收达到创纪录的27.6亿美元，同比增长106%，环比增长11%。</li><li>随着GeForce RTX的推出，扩大了采用NVIDIA第二代RTX显卡的笔记本电脑浪潮™3060笔记本电脑GPU系统起价999美元，以及GeForce的发布®3050 Ti和3050笔记本电脑GPU系统起价799美元，面向游戏玩家和创作者。</li><li>加速RTX势头，现已推出60多款游戏，包括<i>使命看涨期权现代战争，孤岛危机重制版</i>和<i>Outriders.</i></li><li>采取措施，通过降低新制造的RTX 3080、3070和3060 Ti显卡上的以太币哈希率（这些显卡带有“精简哈希率”或“LHR”标识符）来改善游戏玩家对GeForce GPU的访问。降低RTX 3060的哈希率。</li><li>宣布英伟达DLSS现已在虚幻引擎4中推出，并很快在Unity游戏引擎中推出。</li><li>宣布降低系统延迟的NVIDIA Reflex现已纳入<i>看涨期权值班战区</i>,<i>守望</i>和<i>彩虹六号</i><i>：胜利</i>.</li><li>宣布GeForce Now™该游戏现已进入第二年，在70多个国家拥有超过1000万会员，其图书馆中的游戏数量接近1,000款。</li></ul><b>数据中心</b></blockquote></p><p></p><p><ul><li>First-quarter revenue was a record $2.05 billion, up 79 percent from a year earlier and up 8 percent from the previous quarter.</li><li>Hosted its largest-everGPU Technology Conference, virtually, with more than 200,000 registrations from 195 countries, and an opening keynote with over 14 million views.</li><li>UnveiledNVIDIA Grace™, its first Arm-based data center CPU, designed for giant-scale AI and high performance computing, which will deliver 10x the performance of today’s fastest servers and power theworld’s most powerful AI-capable supercomputerat the Swiss National Supercomputing Centre.</li><li>Collaborated with Amazon Web Services to deployNVIDIA GPU inferencingthrough GPU-accelerated, AWS Graviton2-based Amazon EC2 instances, enabling GPU-accelerated games to run natively on AWS and allowing greater performance for Arm-based workloads.</li><li>Unveiled theNVIDIA®BlueField-3®DPU, the first data processing unit built for AI and accelerated computing, with support from VMware, Splunk, NetApp, Cloudflare and others.</li><li>Announced thenew NVIDIA DGX SuperPOD™, the first cloud-native, multi-tenant supercomputer, with customers in conversational AI, drug discovery, autonomous vehicles and more.</li><li>Announced that its AI inference platform, expanded withNVIDIA A30 and A10 GPUsfor mainstream servers, set records across every category in the latest release of the MLPerf benchmark for AI performance across a range of workloads.</li><li>Announced theNVIDIA AI Enterprise software suite for VMware vSphere, enabling scale-out, multi-node performance and compatibility for a range of applications and data science.</li><li>Introduced theNVIDIA Morpheus AIapplication framework to enable cybersecurity providers to instantly detect cyber breaches using AI and NVIDIA BlueField DPUs.</li><li>Announced availability ofNVIDIA Jarvis, a framework for interactive conversational AI, andNVIDIA Maxine™, a framework for real-time video-based experiences.</li><li>UnveiledNVIDIA TAO, a framework for accelerating the creation of enterprise AI applications.</li><li>Expanded its work supportingdrug development and discovery with NVIDIA Clara Discovery, announcing a partnership with Schrödinger to support the pharmaceutical industry with AI software to speed drug-discovery workflows.</li></ul><b>Professional Visualization</b></p><p><blockquote><ul><li>第一季度营收达到创纪录的20.5亿美元，同比增长79%，环比增长8%。</li><li>虚拟主办了其最大的everGPU技术会议，来自195个国家的超过200,000名注册者，开幕主题演讲的浏览量超过1400万次。</li><li>揭幕NVIDIA Grace™这是其首款基于Arm的数据中心CPU，专为大规模人工智能和高性能计算而设计，其性能将是当今最快服务器的10倍，并为瑞士国家超级计算中心世界上最强大的人工智能超级计算机提供动力。</li><li>与Amazon Web Services合作，通过GPU加速、基于AWS Graviton2的Amazon EC2实例部署NVIDIA GPU推理，使GPU加速的游戏能够在AWS上原生运行，并为基于Arm的工作负载提供更高的性能。</li><li>theNVIDIA®蓝田3®DPU是第一个为人工智能和加速计算构建的数据处理单元，得到了VMware、Splunk、NetApp、Cloudflare等公司的支持。</li><li>宣布推出新款NVIDIA DGX SuperPOD™，第一台云原生、多租户超级计算机，客户涉及对话式AI、药物发现、自动驾驶汽车等领域。</li><li>宣布其人工智能推理平台通过NVIDIA A30和A10 GPU扩展到主流服务器，在最新发布的MLPerf基准测试中创下了一系列工作负载的人工智能性能的各个类别的记录。</li><li>发布了适用于VMware vSphere的Envidia AI企业软件套件，为一系列应用程序和数据科学实现横向扩展、多节点性能和兼容性。</li><li>推出了NVIDIA Morpheus AIApplication框架，使网络安全提供商能够使用AI和NVIDIA Bluefield DPU即时检测网络违规行为。</li><li>宣布推出交互式对话式人工智能框架NVIDIA Jarvis和NVIDIA Maxine™，一个基于实时视频体验的框架。</li><li>推出NVIDIA TAO，这是一个加速企业人工智能应用程序创建的框架。</li><li>通过NVIDIA Clara Discovery扩大了支持药物开发和发现的工作，宣布与Schrödinger合作，通过人工智能软件支持制药行业，以加快药物发现工作流程。</li></ul><b>专业可视化</b></blockquote></p><p><ul><li>First-quarter revenue was a record $372 million, up 21 percent both from a year earlier and the previous quarter.</li><li>Launched NVIDIA Omniverse™ Enterprisesoftware for real-time 3D design and collaboration, with BMW Group, Foster + Partners and WPP as early customers.</li><li>UnveiledNVIDIA RTX™ GPUsfor next-gen laptop and desktop workstations, including the NVIDIA RTX A4000 and A5000 for desktops and the A2000, A3000, A4000 and A5000 for laptops.</li><li>RevealedGANverse3D, an AI model for creating 3D object models from standard 2D images.</li></ul><b>Automotive</b></p><p><blockquote><ul><li>第一季度收入达到创纪录的3.72亿美元，同比和上一季度均增长21%。</li><li>推出NVIDIA Omniverse™用于实时3D设计和协作的企业软件，宝马集团、Foster+Partners和WPP是早期客户。</li><li>NVIDIA RTX亮相™适用于下一代笔记本电脑和台式机工作站的GPU，包括适用于台式机的NVIDIA RTX A4000和A5000以及适用于笔记本电脑的A2000、A3000、A4000和A5000。</li><li>RevealedGANverse3D，一个用于从标准2D图像创建3D对象模型的人工智能模型。</li></ul><b>汽车的</b></blockquote></p><p><ul><li>First-quarter revenue was $154 million, down 1 percent from a year earlier and up 6 percent from the previous quarter.</li><li>Unveiled NVIDIA DRIVE Atlan™, an AI-enabled processor for autonomous vehicles with 1,000 TOPS and data-center-grade security, targeting automakers’ 2025 vehicles.</li><li>AnnouncedNVIDIA DRIVE Hyperion™ 8, the latest generation of a fully operational, open platform that reduces the time and cost to outfit vehicles with AI and surround sensors.</li><li>Announced thatNVIDIA DRIVE™ will be powering intelligent new energy vehiclesfrom SAIC R Auto, IM Motors, Faraday Future and VinFast, starting in 2022.</li><li>Revealed that Cruise is the latestrobotaxi company selecting NVIDIA DRIVE, following announcements by Amazon Zoox, DiDi (DIDI), Oxbotica, Pony.ai and AutoX.</li><li>Announced thatVolvo Cars will use NVIDIA DRIVE Orin™ to power the autonomous driving computer in its next-generation cars, beginning with the XC90, to be revealed in 2022.</li><li>Announced that theNVIDIA DRIVE platformpowers MBUX Hyperscreen, the AI cockpit in Mercedes-Benz’s new EQS sedan.</li><li>Announced that TuSimple and Navistar will buildself-driving trucks powered by the NVIDIA DRIVE AGX™ platform, and the self-driving truck companyPlus will use NVIDIA DRIVE Orinfor its upcoming autonomous vehicle platform.</li></ul></p><p><blockquote><ul><li>第一季度营收为1.54亿美元，同比下降1%，环比增长6%。</li><li>推出NVIDIA DRIVE Atlan™，一款支持人工智能的自动驾驶汽车处理器，具有1000个TOP和数据中心级安全性，目标是汽车制造商2025年的汽车。</li><li>宣布Nvidia Drive Hyperion™8、最新一代全功能开放平台，可减少为车辆配备人工智能和环绕传感器的时间和成本。</li><li>宣布Nvidia Drive™将从2022年开始为上汽R Auto、IM Motors、法拉第未来和VinFast的智能新能源汽车提供动力。</li><li>据透露，继亚马逊Zoox、滴滴(DIDI)、Oxbotica、小马智行和AutoX发布公告后，Cruise是最新一家选择NVIDIA DRIVE的Strobotaxi公司。</li><li>宣布沃尔沃汽车将使用NVIDIA DRIVE Orin™为其下一代汽车中的自动驾驶计算机提供动力，首先是将于2022年发布的XC90。</li><li>宣布ThenVidia Drive Platform为梅赛德斯-奔驰新款EQS轿车中的人工智能驾驶舱MBUX Hyperscreen提供支持。</li><li>宣布图森未来和纳威司达将制造由NVIDIA DRIVE AGX驱动的自动驾驶卡车™平台，自动驾驶卡车公司Plus将在其即将推出的自动驾驶汽车平台中使用NVIDIA DRIVE ORIN。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198109956","content_text":"(May 27) Nvidia today reported record revenue for the first quarter ended May 2, 2021, of $5.66 billion, up 84 percent from a year earlier and up 13 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.Nvidia Q1 Non-GAAP EPS of $3.66beats by $0.38; GAAP EPS of $3.03beats by $0.51.Revenue of $5.66B (+83.8% Y/Y)beats by $250M.Outlook for the second quarter of fiscal 2022 is as follows:Revenue is expected to be $6.30 billion, plus or minus 2 percent vs. $5.48B consensus.GAAP and non-GAAP gross margins are expected to be 64.6 percent and 66.5 percent, respectively, plus or minus 50 basis points.GAAP and non-GAAP operating expenses are expected to be approximately $1.76 billion and $1.26 billion, respectively.GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $50 million.GAAP and non-GAAP tax rates are both expected to be 10 percent, plus or minus 1 percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter-by-quarter basis.Shares of Nvidia fell nearly 1% in afterhour trading.“We had a fantastic quarter, with strong demand for our products driving record revenue,” saidJensen Huang, founder and CEO of NVIDIA.“Our Data Center (VPN) business continues to expand, as the world’s industries take up NVIDIA AI to process computer vision, conversational AI, natural language understanding and recommender systems. NVIDIA RTX has reinvented computer graphics and is driving upgrades across the gaming and design markets. Our partners are launching the largest-ever wave of NVIDIA-powered laptops. Across industries, the adoption of NVIDIA computing platforms is accelerating.“Mellanox, one year in, has exceeded our expectations and transformed NVIDIA into a data-center-scale computing company. We continue to make headway with our planned acquisition of Arm, which will accelerate innovation and growth for the Arm ecosystem. From gaming, cloud computing, AI, robotics, self-driving cars, to genomics and computational biology, NVIDIA continues to do impactful work to invent a better future,” he said.NVIDIA paid quarterly cash dividends of $99 million in the first quarter. It will pay its next quarterly cash dividend of $0.16 per share on July 1, 2021, to all shareholders of record on June 10, 2021.On May 21, 2021, the company’s board of directors declared a four-for-one split of NVIDIA’s common stock payable in the form of a stock dividend, with the additional shares expected to be distributed on July 19, 2021. The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders on June 3, 2021, to increase the number of authorized shares of common stock from 2 billion to 4 billion.HighlightsNVIDIA achieved progress since its previous earnings announcement in these areas:GamingFirst-quarter revenue was a record $2.76 billion, up 106 percent from a year earlier and up 11 percent from the previous quarter.Broadened the wave of laptops powered by NVIDIA’s second-generation RTX graphics with the launch ofGeForce RTX™ 3060 Laptop GPU systemsstarting at $999, and the announcement ofGeForce®3050 Ti and 3050 Laptop GPU systemsstarting at $799 and aimed at gamers and creators.AcceleratedRTX momentumwith now over 60 games, includingCall of Duty Modern Warfare,Crysis RemasteredandOutriders.Took steps to improve gamers’ access to GeForce GPUs byreducing the Ethereum hash rate on newly manufactured RTX 3080, 3070 and 3060 Ti graphics cards-- which carry a “Lite Hash Rate,” or “LHR,” identifier -- in addition toprevious steps to lower the RTX 3060’s hash rate.Announced thatNVIDIA DLSS is available now in Unreal Engine 4and soon in theUnity game engine.Announced thatNVIDIA Reflex, which reduces system latency, is now incorporated intoCall of Duty Warzone,OverwatchandRainbow Six: Siege.Announced thatGeForce NOW™, now in its second year, has over 10 million members in more than 70 countries and is approaching 1,000 games in its library.Data CenterFirst-quarter revenue was a record $2.05 billion, up 79 percent from a year earlier and up 8 percent from the previous quarter.Hosted its largest-everGPU Technology Conference, virtually, with more than 200,000 registrations from 195 countries, and an opening keynote with over 14 million views.UnveiledNVIDIA Grace™, its first Arm-based data center CPU, designed for giant-scale AI and high performance computing, which will deliver 10x the performance of today’s fastest servers and power theworld’s most powerful AI-capable supercomputerat the Swiss National Supercomputing Centre.Collaborated with Amazon Web Services to deployNVIDIA GPU inferencingthrough GPU-accelerated, AWS Graviton2-based Amazon EC2 instances, enabling GPU-accelerated games to run natively on AWS and allowing greater performance for Arm-based workloads.Unveiled theNVIDIA®BlueField-3®DPU, the first data processing unit built for AI and accelerated computing, with support from VMware, Splunk, NetApp, Cloudflare and others.Announced thenew NVIDIA DGX SuperPOD™, the first cloud-native, multi-tenant supercomputer, with customers in conversational AI, drug discovery, autonomous vehicles and more.Announced that its AI inference platform, expanded withNVIDIA A30 and A10 GPUsfor mainstream servers, set records across every category in the latest release of the MLPerf benchmark for AI performance across a range of workloads.Announced theNVIDIA AI Enterprise software suite for VMware vSphere, enabling scale-out, multi-node performance and compatibility for a range of applications and data science.Introduced theNVIDIA Morpheus AIapplication framework to enable cybersecurity providers to instantly detect cyber breaches using AI and NVIDIA BlueField DPUs.Announced availability ofNVIDIA Jarvis, a framework for interactive conversational AI, andNVIDIA Maxine™, a framework for real-time video-based experiences.UnveiledNVIDIA TAO, a framework for accelerating the creation of enterprise AI applications.Expanded its work supportingdrug development and discovery with NVIDIA Clara Discovery, announcing a partnership with Schrödinger to support the pharmaceutical industry with AI software to speed drug-discovery workflows.Professional VisualizationFirst-quarter revenue was a record $372 million, up 21 percent both from a year earlier and the previous quarter.Launched NVIDIA Omniverse™ Enterprisesoftware for real-time 3D design and collaboration, with BMW Group, Foster + Partners and WPP as early customers.UnveiledNVIDIA RTX™ GPUsfor next-gen laptop and desktop workstations, including the NVIDIA RTX A4000 and A5000 for desktops and the A2000, A3000, A4000 and A5000 for laptops.RevealedGANverse3D, an AI model for creating 3D object models from standard 2D images.AutomotiveFirst-quarter revenue was $154 million, down 1 percent from a year earlier and up 6 percent from the previous quarter.Unveiled NVIDIA DRIVE Atlan™, an AI-enabled processor for autonomous vehicles with 1,000 TOPS and data-center-grade security, targeting automakers’ 2025 vehicles.AnnouncedNVIDIA DRIVE Hyperion™ 8, the latest generation of a fully operational, open platform that reduces the time and cost to outfit vehicles with AI and surround sensors.Announced thatNVIDIA DRIVE™ will be powering intelligent new energy vehiclesfrom SAIC R Auto, IM Motors, Faraday Future and VinFast, starting in 2022.Revealed that Cruise is the latestrobotaxi company selecting NVIDIA DRIVE, following announcements by Amazon Zoox, DiDi (DIDI), Oxbotica, Pony.ai and AutoX.Announced thatVolvo Cars will use NVIDIA DRIVE Orin™ to power the autonomous driving computer in its next-generation cars, beginning with the XC90, to be revealed in 2022.Announced that theNVIDIA DRIVE platformpowers MBUX Hyperscreen, the AI cockpit in Mercedes-Benz’s new EQS sedan.Announced that TuSimple and Navistar will buildself-driving trucks powered by the NVIDIA DRIVE AGX™ platform, and the self-driving truck companyPlus will use NVIDIA DRIVE Orinfor its upcoming autonomous vehicle platform.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132316553,"gmtCreate":1622072004272,"gmtModify":1634184217806,"author":{"id":"3583354561720053","authorId":"3583354561720053","name":"RTRaman","avatar":"https://static.tigerbbs.com/ab6f03b59ce2dedb94eb1ac7878da669","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583354561720053","idStr":"3583354561720053"},"themes":[],"htmlText":"Good one. Missed","listText":"Good one. Missed","text":"Good one. Missed","images":[{"img":"https://static.tigerbbs.com/fbdc3aa8459b93f7a6475dacad734da7","width":"1080","height":"2037"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132316553","isVote":1,"tweetType":1,"viewCount":2443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":132310259,"gmtCreate":1622071811571,"gmtModify":1634184222168,"author":{"id":"3583354561720053","authorId":"3583354561720053","name":"RTRaman","avatar":"https://static.tigerbbs.com/ab6f03b59ce2dedb94eb1ac7878da669","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583354561720053","idStr":"3583354561720053"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/132310259","repostId":"2138480401","repostType":4,"isVote":1,"tweetType":1,"viewCount":1300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132332271,"gmtCreate":1622071679493,"gmtModify":1634184226348,"author":{"id":"3583354561720053","authorId":"3583354561720053","name":"RTRaman","avatar":"https://static.tigerbbs.com/ab6f03b59ce2dedb94eb1ac7878da669","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583354561720053","idStr":"3583354561720053"},"themes":[],"htmlText":"Missed to buy last week [龇牙] ","listText":"Missed to buy last week [龇牙] ","text":"Missed to buy last week [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/132332271","repostId":"1150713912","repostType":4,"repost":{"id":"1150713912","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622016404,"share":"https://www.laohu8.com/m/news/1150713912?lang=zh_CN&edition=full","pubTime":"2021-05-26 16:06","market":"us","language":"en","title":"Li Auto EPS beats by $0.01, beats on revenue<blockquote>理想汽车EPS超过预期0.01美元，营收超过预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150713912","media":"Tiger Newspress","summary":"(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announc","content":"<p>(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p><blockquote>（5月26日）国内新能源汽车市场创新者理想汽车公司（纳斯达克：LI）今日公布截至2021年3月31日的第一季度未经审计财务业绩。</blockquote></p><p><ul><li>Li Q1 Non-GAAP EPS of -$0.03 <b>beats</b> by $0.01; GAAP EPS of -$0.06 <b>misses</b> by $0.05.</li><li>Revenue of $545.7M (+319.8% Y/Y) <b>beats</b> by $42.26M.</li><li>Quarterly total revenues reached RMB3.58 billion (US$545.7 million)1Quarterly deliveries were 12,579 vehicles</li><li>Quarterly gross margin reached 17.3%.</li><li><b>Q2 Outlook</b>: Total revenues to be between RMB3.99B ($609M) and RMB4.27B ($651.7M), consensus $663.51, representing an increase of 104.6% to 119.0% from Q2 2020.</li><li>Deliveries of vehicles to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from Q2 2020.</li></ul><img src=\"https://static.tigerbbs.com/ff735550080b330b011ba4dbd0dedb68\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>Li第一季度非GAAP每股收益为-0.03美元<b>节拍</b>增加0.01美元；GAAP每股收益为-0.06美元<b>未命中</b>0.05美元。</li><li>收入为5.457亿美元（同比增长319.8%）<b>节拍</b>增加了4226万美元。</li><li>季度总收入达到35.8亿元人民币（5.457亿美元）1季度交付量为12,579辆</li><li>季度毛利率达到17.3%。</li><li><b>第二季度展望</b>：总收入将在人民币39.9亿元（6.09亿美元）至人民币42.7亿元（6.517亿美元）之间，市场普遍预期为663.51美元，较2020年第二季度增长104.6%至119.0%。</li><li>汽车交付量将在14,500至15,500辆之间，较2020年第二季度增长119.6%至134.7%。</li></ul></blockquote></p><p><b>Operating Highlights for the First Quarter of 2021</b></p><p><blockquote><b>2021年第一季度经营亮点</b></blockquote></p><p><ul><li>Deliveries of Li ONEs were 12,579 vehicles in the first quarter of 2021, representing a 334.4% year-over-year increase.</li></ul><img src=\"https://static.tigerbbs.com/637a5f62341f333ae7dc2317c883b83a\" tg-width=\"609\" tg-height=\"193\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>2021年第一季度，理想ONE的交付量为12,579辆，同比增长334.4%。</li></ul></blockquote></p><p><ul><li>As of March 31, 2021, the Company had 65 retail stores covering 49 cities and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities.</li></ul><b>Financial Highlights for the First Quarter of 2021</b></p><p><blockquote><ul><li>截至2021年3月31日，该公司拥有65家零售店，覆盖49个城市，135家服务中心以及理想汽车授权的车身和喷漆店在98个城市运营。</li></ul><b>2021年第一季度财务摘要</b></blockquote></p><p><ul><li>Vehicle sales were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020.</li><li>Vehicle margin2was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020.</li><li>Total revenues were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li>Gross profit was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li>Gross margin was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020.</li><li>Loss from operations was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020. Non-GAAP loss from operations3was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li><li>Net loss was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020. Non-GAAP net loss3was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li>Operating cash flow was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li>Free cash flow4was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><img src=\"https://static.tigerbbs.com/de30e1ac5d69693451c6d4e9f4b33061\" tg-width=\"997\" tg-height=\"536\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>2021年第一季度汽车销售额为人民币34.6亿元（5.287亿美元），较2020年第一季度的人民币8.411亿元增长311.8%，较2020年第四季度的人民币40.6亿元下降14.6%。</li><li>2021年第一季度汽车利润率为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。</li><li>2021年第一季度总收入为人民币35.8亿元（5.457亿美元），较2020年第一季度的人民币8.517亿元增长319.8%，较2020年第四季度的人民币41.5亿元下降13.8%2020年。</li><li>2021年第一季度毛利为人民币6.167亿元（9410万美元），较2020年第一季度的人民币6830万元增长802.9%，较2020年第四季度的人民币7.246亿元下降14.9%。</li><li>2021年第一季度毛利率为17.3%，而2020年第一季度为8.0%，2020年第四季度为17.5%。</li><li>2021年第一季度经营亏损为人民币4.077亿元（6220万美元），较2020年第一季度的人民币2.342亿元增长74.1%，较2020年第四季度的人民币7890万元增长416.7%。2021年第一季度非公认会计准则运营亏损3为人民币2.248亿元（3430万美元），较2020年第一季度的人民币2.342亿元下降4.0%，较2020年第一季度的人民币7110万元增长216.2%。2020年第四季度。</li><li>2021年第一季度净亏损为人民币3.6亿元（5490万美元），而2020年第一季度净亏损为人民币7710万元，2020年第四季度净利润为人民币1.075亿元。2021年第一季度非公认会计准则净亏损3为人民币1.77亿元（2700万美元），而2020年第一季度净亏损为人民币2.534亿元，2020年第四季度净利润为人民币1.154亿元。</li><li>2021年第一季度经营现金流为人民币9.263亿元（1.414亿美元），较2020年第一季度负净现金流人民币6300万元增加人民币9.893亿元，较2020年第四季度人民币18.2亿元减少49.1%。</li><li>2021年第一季度的自由现金流量为人民币570.2百万元（87.0百万美元），较2020年第一季度的负现金流量人民币185.2百万元增加人民币755.4百万元，较2020年第四季度的人民币16.0亿元减少64.3%。</li></ul></blockquote></p><p><b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p><ul><li>In April 2021, the Company delivered 5,539 Li ONEs, representing a 111.3% increase compared to April 2020. As of April 30, 2021, the Company had 73 retail stores covering 53 cities, in addition to 143 servicing centers and Li Auto-authorized body and paint shops operating in 105 cities.</li></ul><b>Issuance of Convertible Senior Notes</b></p><p><blockquote><ul><li>于二零二一年四月，本公司交付理想ONE 5,539辆，较二零二零年四月增长111.3%。截至2021年4月30日，该公司拥有73家零售店，覆盖53个城市，此外还有143家服务中心以及理想汽车授权的车身和喷漆店在105个城市运营。</li></ul><b>发行可换股优先票据</b></blockquote></p><p></p><p><ul><li>In April 2021, the Company completed the offering of US$862.5 million in aggregate principal amount of its 0.25% convertible senior notes due 2028 (the “Notes”), which included the exercise in full by the initial purchasers in the Notes offering of their option to purchase up to an additional US$112.5 million in aggregate principal amount of the Notes.</li><li>The Company plans to use the net proceeds from the Notes offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.</li></ul><b>2021 Li ONE</b></p><p><blockquote><ul><li>于二零二一年四月，本公司完成发售本金总额为862.5百万美元于二零二八年到期的0.25%可换股优先票据（“票据”），其中包括票据发售中的初始购买者悉数行使其购买额外最多本金总额为112,500,000美元的票据的选择权。</li><li>公司计划将票据发行所得款项净额用于(i)研发新车型，包括纯电动汽车车型，(ii)研发领先技术，以及(iii)营运资金和其他一般公司用途。</li></ul><b>2021款理想ONE</b></blockquote></p><p><ul><li>On May 25, 2021, the Company officially released the 2021 Li ONE, the first vehicle with Navigation on ADAS (NOA) as a standard configuration in the world. It features comprehensive upgrades, including an enhanced NEDC range of 1,080 kilometers, optimized mobility comfort, and more intelligent cockpit, bringing premium features to users at a flat retail price of RMB338,000. Deliveries of the 2021 Li ONE will commence on June 1, 2021.</li><li>With software and hardware optimization and its integrated powertrain system, the 2021 Li ONE can achieve an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in fuel mode is 6.05 liter per 100 kilometers based on the NEDC standard operational condition, best in class among large-sized four-wheel drive SUVs.</li></ul><b>CEO and CFO Comments</b></p><p><blockquote><ul><li>2021年5月25日，公司正式发布2021款理想ONE，这是全球首款将ADAS导航（NOA）作为标准配置的车辆。它进行了全面升级，包括增强的NEDC续航里程1,080公里、优化的移动舒适性和更智能的座舱，以人民币33.8万元的统一零售价为用户带来优质功能。2021款Li ONE将于2021年6月1日开始交付。</li><li>凭借软硬件优化及其集成的动力总成系统，2021款理想ONE可实现1080公里的NEDC续航和890公里的WLTC续航。其燃油模式下的能效在NEDC标准工况下为百公里6.05升，在大尺寸四驱SUV中属于同级最佳。</li></ul><b>首席执行官和首席财务官评论</b></blockquote></p><p>Mr.Xiang Li, founder, chairman, and chief executive officer of Li Auto, commented, “We delivered 12,579 Li ONEs during the quarter, up 334.4% year over year. Li ONE was the second best-selling new energy SUV inChinain the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.</p><p><blockquote>理想汽车创始人、董事长兼首席执行官李翔先生表示：“本季度我们交付了12,579辆理想ONE，同比增长334.4%。理想ONE是中国第二畅销的新能源SUV第一季度，我们引人注目的产品供应和卓越的用户体验继续取悦用户并提高品牌知名度，而我们直销和服务网络的坚定支持支撑了我们的增长。</blockquote></p><p>“On May 25, we released our 2021 Li ONE. The model has elevated the extended range electric technology to a brand-new level, achieving an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in the fuel mode takes consumption as low as 6.05 liter per 100 kilometers based on the NEDC standard operational condition, a level that is unparalleled among large-sized four-wheel drive SUVs. I am very proud of our R&D team’s successful efforts to improve the range-extended technology.</p><p><blockquote>“5月25日，我们发布了2021款理想ONE，该车型将增程电动技术提升到了一个全新的高度，实现了1080公里的NEDC续航和890公里的WLTC续航，其燃油模式下的能效以NEDC标准工况计算百公里油耗低至6.05升，这一水平在大尺寸四驱SUV中无与伦比。我对我们研发团队成功改进增程技术感到非常自豪。</blockquote></p><p>“The 2021 Li ONE is the first model in the world offering Navigation on ADAS in a standard configuration. Combining our self-developed ADAS with dedicated dual Horizon Robotics Journey 3 processors, an 8-megapixel front-view camera, 5 latest millimeter-wave radars, and high-definition maps, the 2021 Li ONE delivers a safer, easier, and more convenient driving experience, echoing our belief that active safety should be standard, not optional features.</p><p><blockquote>“2021款Li ONE是全球首款在标准配置中提供ADAS导航的车型。将我们自主开发的ADAS与专用双Horizon Robotics Journey 3处理器、800万像素前视摄像头、5个最新毫米波雷达和高清地图相结合，2021款Li ONE提供了更安全、更轻松、更便捷的驾驶体验，呼应了我们的信念，即主动安全应该是标准配置，而不是可选功能。</blockquote></p><p>“Li ONE has been well loved by family users for its spacious six-seat interior layout. And the 2021 Li ONE enhances its excellence in space, comfort, and intelligence by equipping the front and second row seats with lumbar massage functions, increasing the leg room in the third row by 41 millimeters, while also featuring a smarter in-car voice assistant ‘LiXiang Tong Xue(理想同学),’ providing a high caliber and overall more comfortable, roomier, and more intelligent space for more families.</p><p><blockquote>“理想ONE以其宽敞的六座内部布局深受家庭用户的喜爱。而2021款理想ONE通过在前二排座椅配备腰部按摩功能，提升了其在空间、舒适、智能方面的卓越表现，第三排腿部空间增加了41毫米，同时还配备了更智能的车载语音助手‘理想同学’，为更多家庭提供了高品质、整体更舒适、更宽敞、更智能的空间。</blockquote></p><p>“Is it possible to build a smart electric vehicle that makes families happier? With the 2021 Li ONE, we can confidently say yes, a resounding yes!” concludedMr. Li.</p><p><blockquote>“有没有可能打造一款让家庭更幸福的智能电动车？有了2021款理想ONE，我们可以自信地说yes，响亮的yes！”先生总结道。李。</blockquote></p><p>Mr.Tie Li, chief financial officer of Li Auto, added, “We are pleased with our healthy financial performance during the first quarter. Our total revenues reached RMB3.58 billion, more than quadrupling from the first quarter of 2020 and exceeding the top end of our revenue guidance by 11.2%, while our gross margin stayed robust at 17.3%. Amid our ongoing efforts to enhance investment in R&D as well as our direct sales and servicing network, operating expenses increased 27.5% quarter-over-quarter and 238.6% year-over-year. We also raised over US$840 million in net proceeds through our successful convertible senior notes offering, strengthening our capital base for future growth as we increase our R&D investments in leading technologies, prepare for new model launches, and gear up for further increases in demand.”</p><p><blockquote>理想汽车首席财务官李铁先生补充道：“我们对第一季度健康的财务表现感到满意。我们的总收入达到人民币35.8亿元，比2020年第一季度增长了四倍多，超过了收入指导的上限11.2%，而我们的毛利率保持在17.3%的强劲水平。由于我们不断努力加大对研发以及直销和服务网络的投资，运营费用环比增长27.5%，同比增长238.6%。我们还通过成功发行可转换优先票据筹集了超过8.4亿美元的净收益，随着我们增加对领先技术的研发投资、为新车型推出做好准备以及为需求的进一步增长做好准备，我们增强了未来增长的资本基础。”</blockquote></p><p><b><u>Financial Results for the First Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第一季度财务业绩</u></b></blockquote></p><p><b>Revenues</b></p><p><blockquote><b>收入</b></blockquote></p><p></p><p><ul><li><b>Total revenues</b>were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li><b>Vehicle sales</b>were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020. The increase in revenue from vehicle sales over the first quarter of 2020 was mainly attributable to the increase in vehicle deliveries with the continuous expansion of our sales network. The decrease in revenue from vehicle sales from the fourth quarter of 2020 was mainly attributable to the decrease in vehicle deliveries, which were affected by seasonal factors related to the Chinese New Year holiday as well as the localized COVID-19 outbreaks in the northern China in February 2021.</li><li><b>Other sales and services</b>were RMB111.5 million (US$17.0 million) in the first quarter of 2021, representing an increase of 951.9% from RMB10.6 million in the first quarter of 2020 and an increase of 25.0% from RMB89.2 million in the fourth quarter of 2020. The increase in revenue from other sales and services over the first and fourth quarter of 2020 was mainly attributable to increased sales of charging stalls, accessories and services in line with higher accumulated vehicle sales.</li></ul><b>Cost of Sales and Gross Margin</b></p><p><blockquote><ul><li><b>总收入</b>2021年第一季度为人民币35.8亿元（5.457亿美元），较2020年第一季度的人民币8.517亿元增长319.8%，较2020年第四季度的人民币41.5亿元下降13.8%。</li><li><b>车辆销售</b>2021年第一季度为人民币34.6亿元（5.287亿美元），较2020年第一季度的人民币8.411亿元增长311.8%，较2020年第四季度的人民币40.6亿元下降14.6%。汽车销售收入较二零二零年第一季度增加，主要是由于我们销售网络不断扩大，汽车交付量增加。汽车销售收入较二零二零年第四季度减少，主要由于受农历新年假期相关季节性因素以及二零二一年二月中国北方局部爆发COVID-19疫情影响，汽车交付量减少。</li><li><b>其他销售及服务</b>2021年第一季度为人民币111.5百万元（1700万美元），较2020年第一季度的人民币1060万元增长951.9%，较2020年第四季度的人民币8920万元增长25.0%。其他销售及服务收入较二零二零年第一及第四季度增加，主要由于充电站、配件及服务的销售增加，与较高的累计汽车销量一致。</li></ul><b>销售成本及毛利率</b></blockquote></p><p><ul><li><b>Cost of sales</b>was RMB2.96 billion (US$451.6 million) in the first quarter of 2021, representing an increase of 277.6% from RMB783.4 million in the first quarter of 2020 and a decrease of 13.5% from RMB3.42 billion in the fourth quarter of 2020.</li><li><b>Gross profit</b>was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB 68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li><b>Vehicle margin</b>was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020. The increase in vehicle margin over the first quarter of 2020 was primarily attributable to lower material cost and lower unit manufacturing overhead cost derived from the increased production volume. The slight decrease in vehicle margin from the fourth quarter of 2020 was primarily due to lower average selling price caused by promotional activities launched in the first quarter of 2021, partially offset by the decreased material cost.</li><li><b>Gross margin</b>was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020, which was mainly driven by the change of vehicle margin.</li></ul><b>Operating Expenses</b></p><p><blockquote><ul><li><b>销售成本</b>2021年第一季度为人民币29.6亿元（4.516亿美元），较2020年第一季度的人民币7.834亿元增长277.6%，较2020年第四季度的人民币34.2亿元下降13.5%。</li><li><b>毛利</b>2021年第一季度为人民币6.167亿元（9410万美元），较2020年第一季度的人民币6830万元增长802.9%，较2020年第四季度的人民币7.246亿元下降14.9%。</li><li><b>车辆余量</b>为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。汽车利润率较2020年第一季度的增长主要归因于产量增加带来的材料成本降低和单位制造间接成本降低。汽车利润率较2020年第四季度略有下降，主要是由于2021年第一季度推出的促销活动导致平均售价下降，部分被材料成本下降所抵消。</li><li><b>毛利率</b>2021年第一季度为17.3%，而2020年第一季度为8.0%，2020年第四季度为17.5%，主要受车辆利润率变化所推动。</li></ul><b>营业费用</b></blockquote></p><p></p><p><ul><li><b>Operating expenses</b>were RMB1.02 billion (US$156.4 million) in the first quarter of 2021, representing an increase of 238.6% from RMB302.5 million in the first quarter of 2020 and an increase of 27.5% from RMB803.5 million in the fourth quarter of 2020.</li><li><b>Research and development expenses</b>were RMB514.5 million (US$78.5 million) in the first quarter of 2021, representing an increase of 171.2% from RMB189.7 million in the first quarter of 2020 and an increase of 37.5% from RMB374.2 million in the fourth quarter of 2020.<b>Non-GAAP research and development expenses</b>3were RMB397.9 million (US$60.7 million) in the first quarter of 2021, representing an increase of 109.8% from RMB189.7 million in the first quarter of 2020 and an increase of 7.8% from RMB369.1 million in the fourth quarter of 2020. The increase in research and development expenses over the first and fourth quarter of 2020 was primarily attributable to (i) increased share-based compensation expenses derived from incremental share options granted with higher fair value in January 2021 while no share-based compensation expenses were recognized for stock options with service conditions and a performance condition related to our IPO in the first quarter of 2020, (ii) increased research and development activities for the Company’s next vehicle models, and (iii) increased headcount.</li><li><b>Selling, general and administrative expenses</b>were RMB509.9 million (US$77.8 million) in the first quarter of 2021, representing an increase of 352.0% from RMB112.8 million in the first quarter of 2020 and an increase of 18.8% from RMB429.3 million in the fourth quarter of 2020.<b>Non-GAAP selling, general and administrative expenses</b>3were RMB449.8 million (US$68.7 million) in the first quarter of 2021, representing an increase of 298.8% from RMB112.8 million in the first quarter of 2020 and an increase of 5.4% from RMB426.8 million in the fourth quarter of 2020. The increase in selling, general and administrative expenses over the first and fourth quarter of 2020 was primarily driven by (i) increased marketing and promotional activities, (ii) increased headcount and rental expenses with the expansion of the Company’s sales network, and (iii) increased share-based compensation expenses.</li></ul><b>Loss from Operations</b></p><p><blockquote><ul><li><b>营业费用</b>2021年第一季度为人民币10.2亿元（1.564亿美元），较2020年第一季度的人民币3.025亿元增长238.6%，较2020年第四季度的人民币8.035亿元增长27.5%。</li><li><b>研发费用</b>2021年第一季度为人民币5.145亿元（7850万美元），较2020年第一季度的人民币1.897亿元增长171.2%，较2020年第四季度的人民币3.742亿元增长37.5%。<b>非公认会计准则研发费用</b>32021年第一季度为人民币3.979亿元（6070万美元），较2020年第一季度的人民币1.897亿元增长109.8%，较2020年第四季度的人民币3.691亿元增长7.8%。2020年第一季度和第四季度研发费用的增加主要归因于（i）2021年1月授予的公允价值较高的增量购股权产生的以股份为基础的薪酬费用增加，而没有确认以股份为基础的薪酬费用对于2020年第一季度具有服务条件和与我们的IPO相关的绩效条件的股票期权，（ii）公司下一代车型的研发活动增加，以及（iii）员工人数增加。</li><li><b>销售、一般及行政开支</b>2021年第一季度为人民币5.099亿元（7780万美元），较2020年第一季度的人民币1.128亿元增长352.0%，较2020年第四季度的人民币4.293亿元增长18.8%。<b>非公认会计准则销售、一般和管理费用</b>2021年第一季度为人民币4.498亿元（6870万美元），较2020年第一季度的人民币1.128亿元增长298.8%，较2020年第四季度的人民币4.268亿元增长5.4%。2020年第一季度和第四季度销售、一般和管理费用的增加主要是由于(i)营销和促销活动的增加，(ii)随着公司销售网络的扩张，员工人数和租金费用增加，以及(iii)以股份为基础的薪酬费用增加。</li></ul><b>经营亏损</b></blockquote></p><p><ul><li><b>Loss from operations</b>was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020.<b>Non-GAAP loss from operations</b>was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li></ul><b>Net Loss and Earnings Per Share</b></p><p><blockquote><ul><li><b>经营亏损</b>2021年第一季度为人民币4.077亿元（6220万美元），较2020年第一季度的人民币2.342亿元增长74.1%，较2020年第四季度的人民币7890万元增长416.7%。<b>非公认会计准则运营损失</b>2021年第一季度为人民币2.248亿元（3430万美元），较2020年第一季度的人民币2.342亿元下降4.0%，较2020年第四季度的人民币7110万元增长216.2%。</li></ul><b>每股净亏损及盈利</b></blockquote></p><p><ul><li><b>Net loss</b>was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020.<b>Non-GAAP net loss</b>was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li><b>Basic and diluted net loss per ADS6attributable to ordinary shareholders</b>were both RMB0.40 (US$0.06) in the first quarter of 2021.<b>Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders</b>3were both RMB0.20 (US$0.03) in the first quarter of 2021.</li></ul><b>Cash position, Operating Cash Flow and Free Cash Flow</b></p><p><blockquote><ul><li><b>净亏损</b>2021年第一季度净利润为人民币3.6亿元（5490万美元），而2020年第一季度净亏损为人民币7710万元，2020年第四季度净利润为人民币1.075亿元。<b>非公认会计准则净亏损</b>2021年第一季度净利润为人民币1.77亿元（2700万美元），而2020年第一季度净亏损为人民币2.534亿元，2020年第四季度净利润为人民币1.154亿元。</li><li><b>普通股股东应佔每股美国存讬股份基本及摊薄亏损净额6</b>2021年第一季度均为人民币0.40元（0.06美元）。<b>非公认会计准则归属于普通股股东的每股美国存托凭证基本和摊薄净亏损</b>2021年第一季度均为人民币0.20元（0.03美元）。</li></ul><b>现金状况、经营现金流和自由现金流</b></blockquote></p><p><ul><li><b>Balance of cash and cash equivalents, restricted cash, time deposits and short-term investments</b>was RMB30.36 billion (US$4.63 billion) as of March 31, 2021.</li><li><b>Operating cash flow</b>was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li><b>Free cash flow</b>was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>现金及现金等价物、受限制现金、定期存款和短期投资余额</b>截至2021年3月31日为人民币303.6亿元（46.3亿美元）。</li><li><b>经营现金流量</b>2021年第一季度为人民币9.263亿元（1.414亿美元），较2020年第一季度负净现金流人民币6300万元增加人民币9.893亿元，较2020年第一季度的人民币18.2亿元减少49.1%2020年第四季度。</li><li><b>自由现金流</b>2021年第一季度为人民币5.702亿元（8700万美元），较2020年第一季度的负净现金流人民币1.852亿元增加人民币7.554亿元，较2020年第一季度的人民币16.0亿元减少64.3%。2020年第四季度。</li></ul><b><u>业务展望</u></b></blockquote></p><p>For the second quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第二季度，公司预计：</blockquote></p><p></p><p><ul><li><b>Deliveries of vehicles</b>to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from the second quarter of 2020.</li><li><b>Total revenues</b>to be between RMB3.99 billion (US$609.0 million) and RMB4.27 billion (US$651.7 million), representing an increase of 104.6% to 119.0% from the second quarter of 2020.</li></ul>This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.</p><p><blockquote><ul><li><b>车辆交付</b>在14,500辆至15,500辆之间，较2020年第二季度增长119.6%至134.7%。</li><li><b>总收入</b>将在人民币39.9亿元（6.090亿美元）至人民币42.7亿元（6.517亿美元）之间，较2020年第二季度增长104.6%至119.0%。</li></ul>本业务展望反映了公司对业务状况和市场状况的当前和初步看法，可能会发生变化。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto EPS beats by $0.01, beats on revenue<blockquote>理想汽车EPS超过预期0.01美元，营收超过预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLi Auto EPS beats by $0.01, beats on revenue<blockquote>理想汽车EPS超过预期0.01美元，营收超过预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-26 16:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p><blockquote>（5月26日）国内新能源汽车市场创新者理想汽车公司（纳斯达克：LI）今日公布截至2021年3月31日的第一季度未经审计财务业绩。</blockquote></p><p><ul><li>Li Q1 Non-GAAP EPS of -$0.03 <b>beats</b> by $0.01; GAAP EPS of -$0.06 <b>misses</b> by $0.05.</li><li>Revenue of $545.7M (+319.8% Y/Y) <b>beats</b> by $42.26M.</li><li>Quarterly total revenues reached RMB3.58 billion (US$545.7 million)1Quarterly deliveries were 12,579 vehicles</li><li>Quarterly gross margin reached 17.3%.</li><li><b>Q2 Outlook</b>: Total revenues to be between RMB3.99B ($609M) and RMB4.27B ($651.7M), consensus $663.51, representing an increase of 104.6% to 119.0% from Q2 2020.</li><li>Deliveries of vehicles to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from Q2 2020.</li></ul><img src=\"https://static.tigerbbs.com/ff735550080b330b011ba4dbd0dedb68\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>Li第一季度非GAAP每股收益为-0.03美元<b>节拍</b>增加0.01美元；GAAP每股收益为-0.06美元<b>未命中</b>0.05美元。</li><li>收入为5.457亿美元（同比增长319.8%）<b>节拍</b>增加了4226万美元。</li><li>季度总收入达到35.8亿元人民币（5.457亿美元）1季度交付量为12,579辆</li><li>季度毛利率达到17.3%。</li><li><b>第二季度展望</b>：总收入将在人民币39.9亿元（6.09亿美元）至人民币42.7亿元（6.517亿美元）之间，市场普遍预期为663.51美元，较2020年第二季度增长104.6%至119.0%。</li><li>汽车交付量将在14,500至15,500辆之间，较2020年第二季度增长119.6%至134.7%。</li></ul></blockquote></p><p><b>Operating Highlights for the First Quarter of 2021</b></p><p><blockquote><b>2021年第一季度经营亮点</b></blockquote></p><p><ul><li>Deliveries of Li ONEs were 12,579 vehicles in the first quarter of 2021, representing a 334.4% year-over-year increase.</li></ul><img src=\"https://static.tigerbbs.com/637a5f62341f333ae7dc2317c883b83a\" tg-width=\"609\" tg-height=\"193\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>2021年第一季度，理想ONE的交付量为12,579辆，同比增长334.4%。</li></ul></blockquote></p><p><ul><li>As of March 31, 2021, the Company had 65 retail stores covering 49 cities and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities.</li></ul><b>Financial Highlights for the First Quarter of 2021</b></p><p><blockquote><ul><li>截至2021年3月31日，该公司拥有65家零售店，覆盖49个城市，135家服务中心以及理想汽车授权的车身和喷漆店在98个城市运营。</li></ul><b>2021年第一季度财务摘要</b></blockquote></p><p><ul><li>Vehicle sales were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020.</li><li>Vehicle margin2was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020.</li><li>Total revenues were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li>Gross profit was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li>Gross margin was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020.</li><li>Loss from operations was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020. Non-GAAP loss from operations3was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li><li>Net loss was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020. Non-GAAP net loss3was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li>Operating cash flow was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li>Free cash flow4was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><img src=\"https://static.tigerbbs.com/de30e1ac5d69693451c6d4e9f4b33061\" tg-width=\"997\" tg-height=\"536\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>2021年第一季度汽车销售额为人民币34.6亿元（5.287亿美元），较2020年第一季度的人民币8.411亿元增长311.8%，较2020年第四季度的人民币40.6亿元下降14.6%。</li><li>2021年第一季度汽车利润率为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。</li><li>2021年第一季度总收入为人民币35.8亿元（5.457亿美元），较2020年第一季度的人民币8.517亿元增长319.8%，较2020年第四季度的人民币41.5亿元下降13.8%2020年。</li><li>2021年第一季度毛利为人民币6.167亿元（9410万美元），较2020年第一季度的人民币6830万元增长802.9%，较2020年第四季度的人民币7.246亿元下降14.9%。</li><li>2021年第一季度毛利率为17.3%，而2020年第一季度为8.0%，2020年第四季度为17.5%。</li><li>2021年第一季度经营亏损为人民币4.077亿元（6220万美元），较2020年第一季度的人民币2.342亿元增长74.1%，较2020年第四季度的人民币7890万元增长416.7%。2021年第一季度非公认会计准则运营亏损3为人民币2.248亿元（3430万美元），较2020年第一季度的人民币2.342亿元下降4.0%，较2020年第一季度的人民币7110万元增长216.2%。2020年第四季度。</li><li>2021年第一季度净亏损为人民币3.6亿元（5490万美元），而2020年第一季度净亏损为人民币7710万元，2020年第四季度净利润为人民币1.075亿元。2021年第一季度非公认会计准则净亏损3为人民币1.77亿元（2700万美元），而2020年第一季度净亏损为人民币2.534亿元，2020年第四季度净利润为人民币1.154亿元。</li><li>2021年第一季度经营现金流为人民币9.263亿元（1.414亿美元），较2020年第一季度负净现金流人民币6300万元增加人民币9.893亿元，较2020年第四季度人民币18.2亿元减少49.1%。</li><li>2021年第一季度的自由现金流量为人民币570.2百万元（87.0百万美元），较2020年第一季度的负现金流量人民币185.2百万元增加人民币755.4百万元，较2020年第四季度的人民币16.0亿元减少64.3%。</li></ul></blockquote></p><p><b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p><ul><li>In April 2021, the Company delivered 5,539 Li ONEs, representing a 111.3% increase compared to April 2020. As of April 30, 2021, the Company had 73 retail stores covering 53 cities, in addition to 143 servicing centers and Li Auto-authorized body and paint shops operating in 105 cities.</li></ul><b>Issuance of Convertible Senior Notes</b></p><p><blockquote><ul><li>于二零二一年四月，本公司交付理想ONE 5,539辆，较二零二零年四月增长111.3%。截至2021年4月30日，该公司拥有73家零售店，覆盖53个城市，此外还有143家服务中心以及理想汽车授权的车身和喷漆店在105个城市运营。</li></ul><b>发行可换股优先票据</b></blockquote></p><p></p><p><ul><li>In April 2021, the Company completed the offering of US$862.5 million in aggregate principal amount of its 0.25% convertible senior notes due 2028 (the “Notes”), which included the exercise in full by the initial purchasers in the Notes offering of their option to purchase up to an additional US$112.5 million in aggregate principal amount of the Notes.</li><li>The Company plans to use the net proceeds from the Notes offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.</li></ul><b>2021 Li ONE</b></p><p><blockquote><ul><li>于二零二一年四月，本公司完成发售本金总额为862.5百万美元于二零二八年到期的0.25%可换股优先票据（“票据”），其中包括票据发售中的初始购买者悉数行使其购买额外最多本金总额为112,500,000美元的票据的选择权。</li><li>公司计划将票据发行所得款项净额用于(i)研发新车型，包括纯电动汽车车型，(ii)研发领先技术，以及(iii)营运资金和其他一般公司用途。</li></ul><b>2021款理想ONE</b></blockquote></p><p><ul><li>On May 25, 2021, the Company officially released the 2021 Li ONE, the first vehicle with Navigation on ADAS (NOA) as a standard configuration in the world. It features comprehensive upgrades, including an enhanced NEDC range of 1,080 kilometers, optimized mobility comfort, and more intelligent cockpit, bringing premium features to users at a flat retail price of RMB338,000. Deliveries of the 2021 Li ONE will commence on June 1, 2021.</li><li>With software and hardware optimization and its integrated powertrain system, the 2021 Li ONE can achieve an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in fuel mode is 6.05 liter per 100 kilometers based on the NEDC standard operational condition, best in class among large-sized four-wheel drive SUVs.</li></ul><b>CEO and CFO Comments</b></p><p><blockquote><ul><li>2021年5月25日，公司正式发布2021款理想ONE，这是全球首款将ADAS导航（NOA）作为标准配置的车辆。它进行了全面升级，包括增强的NEDC续航里程1,080公里、优化的移动舒适性和更智能的座舱，以人民币33.8万元的统一零售价为用户带来优质功能。2021款Li ONE将于2021年6月1日开始交付。</li><li>凭借软硬件优化及其集成的动力总成系统，2021款理想ONE可实现1080公里的NEDC续航和890公里的WLTC续航。其燃油模式下的能效在NEDC标准工况下为百公里6.05升，在大尺寸四驱SUV中属于同级最佳。</li></ul><b>首席执行官和首席财务官评论</b></blockquote></p><p>Mr.Xiang Li, founder, chairman, and chief executive officer of Li Auto, commented, “We delivered 12,579 Li ONEs during the quarter, up 334.4% year over year. Li ONE was the second best-selling new energy SUV inChinain the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.</p><p><blockquote>理想汽车创始人、董事长兼首席执行官李翔先生表示：“本季度我们交付了12,579辆理想ONE，同比增长334.4%。理想ONE是中国第二畅销的新能源SUV第一季度，我们引人注目的产品供应和卓越的用户体验继续取悦用户并提高品牌知名度，而我们直销和服务网络的坚定支持支撑了我们的增长。</blockquote></p><p>“On May 25, we released our 2021 Li ONE. The model has elevated the extended range electric technology to a brand-new level, achieving an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in the fuel mode takes consumption as low as 6.05 liter per 100 kilometers based on the NEDC standard operational condition, a level that is unparalleled among large-sized four-wheel drive SUVs. I am very proud of our R&D team’s successful efforts to improve the range-extended technology.</p><p><blockquote>“5月25日，我们发布了2021款理想ONE，该车型将增程电动技术提升到了一个全新的高度，实现了1080公里的NEDC续航和890公里的WLTC续航，其燃油模式下的能效以NEDC标准工况计算百公里油耗低至6.05升，这一水平在大尺寸四驱SUV中无与伦比。我对我们研发团队成功改进增程技术感到非常自豪。</blockquote></p><p>“The 2021 Li ONE is the first model in the world offering Navigation on ADAS in a standard configuration. Combining our self-developed ADAS with dedicated dual Horizon Robotics Journey 3 processors, an 8-megapixel front-view camera, 5 latest millimeter-wave radars, and high-definition maps, the 2021 Li ONE delivers a safer, easier, and more convenient driving experience, echoing our belief that active safety should be standard, not optional features.</p><p><blockquote>“2021款Li ONE是全球首款在标准配置中提供ADAS导航的车型。将我们自主开发的ADAS与专用双Horizon Robotics Journey 3处理器、800万像素前视摄像头、5个最新毫米波雷达和高清地图相结合，2021款Li ONE提供了更安全、更轻松、更便捷的驾驶体验，呼应了我们的信念，即主动安全应该是标准配置，而不是可选功能。</blockquote></p><p>“Li ONE has been well loved by family users for its spacious six-seat interior layout. And the 2021 Li ONE enhances its excellence in space, comfort, and intelligence by equipping the front and second row seats with lumbar massage functions, increasing the leg room in the third row by 41 millimeters, while also featuring a smarter in-car voice assistant ‘LiXiang Tong Xue(理想同学),’ providing a high caliber and overall more comfortable, roomier, and more intelligent space for more families.</p><p><blockquote>“理想ONE以其宽敞的六座内部布局深受家庭用户的喜爱。而2021款理想ONE通过在前二排座椅配备腰部按摩功能，提升了其在空间、舒适、智能方面的卓越表现，第三排腿部空间增加了41毫米，同时还配备了更智能的车载语音助手‘理想同学’，为更多家庭提供了高品质、整体更舒适、更宽敞、更智能的空间。</blockquote></p><p>“Is it possible to build a smart electric vehicle that makes families happier? With the 2021 Li ONE, we can confidently say yes, a resounding yes!” concludedMr. Li.</p><p><blockquote>“有没有可能打造一款让家庭更幸福的智能电动车？有了2021款理想ONE，我们可以自信地说yes，响亮的yes！”先生总结道。李。</blockquote></p><p>Mr.Tie Li, chief financial officer of Li Auto, added, “We are pleased with our healthy financial performance during the first quarter. Our total revenues reached RMB3.58 billion, more than quadrupling from the first quarter of 2020 and exceeding the top end of our revenue guidance by 11.2%, while our gross margin stayed robust at 17.3%. Amid our ongoing efforts to enhance investment in R&D as well as our direct sales and servicing network, operating expenses increased 27.5% quarter-over-quarter and 238.6% year-over-year. We also raised over US$840 million in net proceeds through our successful convertible senior notes offering, strengthening our capital base for future growth as we increase our R&D investments in leading technologies, prepare for new model launches, and gear up for further increases in demand.”</p><p><blockquote>理想汽车首席财务官李铁先生补充道：“我们对第一季度健康的财务表现感到满意。我们的总收入达到人民币35.8亿元，比2020年第一季度增长了四倍多，超过了收入指导的上限11.2%，而我们的毛利率保持在17.3%的强劲水平。由于我们不断努力加大对研发以及直销和服务网络的投资，运营费用环比增长27.5%，同比增长238.6%。我们还通过成功发行可转换优先票据筹集了超过8.4亿美元的净收益，随着我们增加对领先技术的研发投资、为新车型推出做好准备以及为需求的进一步增长做好准备，我们增强了未来增长的资本基础。”</blockquote></p><p><b><u>Financial Results for the First Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第一季度财务业绩</u></b></blockquote></p><p><b>Revenues</b></p><p><blockquote><b>收入</b></blockquote></p><p></p><p><ul><li><b>Total revenues</b>were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li><b>Vehicle sales</b>were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020. The increase in revenue from vehicle sales over the first quarter of 2020 was mainly attributable to the increase in vehicle deliveries with the continuous expansion of our sales network. The decrease in revenue from vehicle sales from the fourth quarter of 2020 was mainly attributable to the decrease in vehicle deliveries, which were affected by seasonal factors related to the Chinese New Year holiday as well as the localized COVID-19 outbreaks in the northern China in February 2021.</li><li><b>Other sales and services</b>were RMB111.5 million (US$17.0 million) in the first quarter of 2021, representing an increase of 951.9% from RMB10.6 million in the first quarter of 2020 and an increase of 25.0% from RMB89.2 million in the fourth quarter of 2020. The increase in revenue from other sales and services over the first and fourth quarter of 2020 was mainly attributable to increased sales of charging stalls, accessories and services in line with higher accumulated vehicle sales.</li></ul><b>Cost of Sales and Gross Margin</b></p><p><blockquote><ul><li><b>总收入</b>2021年第一季度为人民币35.8亿元（5.457亿美元），较2020年第一季度的人民币8.517亿元增长319.8%，较2020年第四季度的人民币41.5亿元下降13.8%。</li><li><b>车辆销售</b>2021年第一季度为人民币34.6亿元（5.287亿美元），较2020年第一季度的人民币8.411亿元增长311.8%，较2020年第四季度的人民币40.6亿元下降14.6%。汽车销售收入较二零二零年第一季度增加，主要是由于我们销售网络不断扩大，汽车交付量增加。汽车销售收入较二零二零年第四季度减少，主要由于受农历新年假期相关季节性因素以及二零二一年二月中国北方局部爆发COVID-19疫情影响，汽车交付量减少。</li><li><b>其他销售及服务</b>2021年第一季度为人民币111.5百万元（1700万美元），较2020年第一季度的人民币1060万元增长951.9%，较2020年第四季度的人民币8920万元增长25.0%。其他销售及服务收入较二零二零年第一及第四季度增加，主要由于充电站、配件及服务的销售增加，与较高的累计汽车销量一致。</li></ul><b>销售成本及毛利率</b></blockquote></p><p><ul><li><b>Cost of sales</b>was RMB2.96 billion (US$451.6 million) in the first quarter of 2021, representing an increase of 277.6% from RMB783.4 million in the first quarter of 2020 and a decrease of 13.5% from RMB3.42 billion in the fourth quarter of 2020.</li><li><b>Gross profit</b>was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB 68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li><b>Vehicle margin</b>was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020. The increase in vehicle margin over the first quarter of 2020 was primarily attributable to lower material cost and lower unit manufacturing overhead cost derived from the increased production volume. The slight decrease in vehicle margin from the fourth quarter of 2020 was primarily due to lower average selling price caused by promotional activities launched in the first quarter of 2021, partially offset by the decreased material cost.</li><li><b>Gross margin</b>was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020, which was mainly driven by the change of vehicle margin.</li></ul><b>Operating Expenses</b></p><p><blockquote><ul><li><b>销售成本</b>2021年第一季度为人民币29.6亿元（4.516亿美元），较2020年第一季度的人民币7.834亿元增长277.6%，较2020年第四季度的人民币34.2亿元下降13.5%。</li><li><b>毛利</b>2021年第一季度为人民币6.167亿元（9410万美元），较2020年第一季度的人民币6830万元增长802.9%，较2020年第四季度的人民币7.246亿元下降14.9%。</li><li><b>车辆余量</b>为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。汽车利润率较2020年第一季度的增长主要归因于产量增加带来的材料成本降低和单位制造间接成本降低。汽车利润率较2020年第四季度略有下降，主要是由于2021年第一季度推出的促销活动导致平均售价下降，部分被材料成本下降所抵消。</li><li><b>毛利率</b>2021年第一季度为17.3%，而2020年第一季度为8.0%，2020年第四季度为17.5%，主要受车辆利润率变化所推动。</li></ul><b>营业费用</b></blockquote></p><p></p><p><ul><li><b>Operating expenses</b>were RMB1.02 billion (US$156.4 million) in the first quarter of 2021, representing an increase of 238.6% from RMB302.5 million in the first quarter of 2020 and an increase of 27.5% from RMB803.5 million in the fourth quarter of 2020.</li><li><b>Research and development expenses</b>were RMB514.5 million (US$78.5 million) in the first quarter of 2021, representing an increase of 171.2% from RMB189.7 million in the first quarter of 2020 and an increase of 37.5% from RMB374.2 million in the fourth quarter of 2020.<b>Non-GAAP research and development expenses</b>3were RMB397.9 million (US$60.7 million) in the first quarter of 2021, representing an increase of 109.8% from RMB189.7 million in the first quarter of 2020 and an increase of 7.8% from RMB369.1 million in the fourth quarter of 2020. The increase in research and development expenses over the first and fourth quarter of 2020 was primarily attributable to (i) increased share-based compensation expenses derived from incremental share options granted with higher fair value in January 2021 while no share-based compensation expenses were recognized for stock options with service conditions and a performance condition related to our IPO in the first quarter of 2020, (ii) increased research and development activities for the Company’s next vehicle models, and (iii) increased headcount.</li><li><b>Selling, general and administrative expenses</b>were RMB509.9 million (US$77.8 million) in the first quarter of 2021, representing an increase of 352.0% from RMB112.8 million in the first quarter of 2020 and an increase of 18.8% from RMB429.3 million in the fourth quarter of 2020.<b>Non-GAAP selling, general and administrative expenses</b>3were RMB449.8 million (US$68.7 million) in the first quarter of 2021, representing an increase of 298.8% from RMB112.8 million in the first quarter of 2020 and an increase of 5.4% from RMB426.8 million in the fourth quarter of 2020. The increase in selling, general and administrative expenses over the first and fourth quarter of 2020 was primarily driven by (i) increased marketing and promotional activities, (ii) increased headcount and rental expenses with the expansion of the Company’s sales network, and (iii) increased share-based compensation expenses.</li></ul><b>Loss from Operations</b></p><p><blockquote><ul><li><b>营业费用</b>2021年第一季度为人民币10.2亿元（1.564亿美元），较2020年第一季度的人民币3.025亿元增长238.6%，较2020年第四季度的人民币8.035亿元增长27.5%。</li><li><b>研发费用</b>2021年第一季度为人民币5.145亿元（7850万美元），较2020年第一季度的人民币1.897亿元增长171.2%，较2020年第四季度的人民币3.742亿元增长37.5%。<b>非公认会计准则研发费用</b>32021年第一季度为人民币3.979亿元（6070万美元），较2020年第一季度的人民币1.897亿元增长109.8%，较2020年第四季度的人民币3.691亿元增长7.8%。2020年第一季度和第四季度研发费用的增加主要归因于（i）2021年1月授予的公允价值较高的增量购股权产生的以股份为基础的薪酬费用增加，而没有确认以股份为基础的薪酬费用对于2020年第一季度具有服务条件和与我们的IPO相关的绩效条件的股票期权，（ii）公司下一代车型的研发活动增加，以及（iii）员工人数增加。</li><li><b>销售、一般及行政开支</b>2021年第一季度为人民币5.099亿元（7780万美元），较2020年第一季度的人民币1.128亿元增长352.0%，较2020年第四季度的人民币4.293亿元增长18.8%。<b>非公认会计准则销售、一般和管理费用</b>2021年第一季度为人民币4.498亿元（6870万美元），较2020年第一季度的人民币1.128亿元增长298.8%，较2020年第四季度的人民币4.268亿元增长5.4%。2020年第一季度和第四季度销售、一般和管理费用的增加主要是由于(i)营销和促销活动的增加，(ii)随着公司销售网络的扩张，员工人数和租金费用增加，以及(iii)以股份为基础的薪酬费用增加。</li></ul><b>经营亏损</b></blockquote></p><p><ul><li><b>Loss from operations</b>was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020.<b>Non-GAAP loss from operations</b>was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li></ul><b>Net Loss and Earnings Per Share</b></p><p><blockquote><ul><li><b>经营亏损</b>2021年第一季度为人民币4.077亿元（6220万美元），较2020年第一季度的人民币2.342亿元增长74.1%，较2020年第四季度的人民币7890万元增长416.7%。<b>非公认会计准则运营损失</b>2021年第一季度为人民币2.248亿元（3430万美元），较2020年第一季度的人民币2.342亿元下降4.0%，较2020年第四季度的人民币7110万元增长216.2%。</li></ul><b>每股净亏损及盈利</b></blockquote></p><p><ul><li><b>Net loss</b>was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020.<b>Non-GAAP net loss</b>was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li><b>Basic and diluted net loss per ADS6attributable to ordinary shareholders</b>were both RMB0.40 (US$0.06) in the first quarter of 2021.<b>Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders</b>3were both RMB0.20 (US$0.03) in the first quarter of 2021.</li></ul><b>Cash position, Operating Cash Flow and Free Cash Flow</b></p><p><blockquote><ul><li><b>净亏损</b>2021年第一季度净利润为人民币3.6亿元（5490万美元），而2020年第一季度净亏损为人民币7710万元，2020年第四季度净利润为人民币1.075亿元。<b>非公认会计准则净亏损</b>2021年第一季度净利润为人民币1.77亿元（2700万美元），而2020年第一季度净亏损为人民币2.534亿元，2020年第四季度净利润为人民币1.154亿元。</li><li><b>普通股股东应佔每股美国存讬股份基本及摊薄亏损净额6</b>2021年第一季度均为人民币0.40元（0.06美元）。<b>非公认会计准则归属于普通股股东的每股美国存托凭证基本和摊薄净亏损</b>2021年第一季度均为人民币0.20元（0.03美元）。</li></ul><b>现金状况、经营现金流和自由现金流</b></blockquote></p><p><ul><li><b>Balance of cash and cash equivalents, restricted cash, time deposits and short-term investments</b>was RMB30.36 billion (US$4.63 billion) as of March 31, 2021.</li><li><b>Operating cash flow</b>was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li><b>Free cash flow</b>was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>现金及现金等价物、受限制现金、定期存款和短期投资余额</b>截至2021年3月31日为人民币303.6亿元（46.3亿美元）。</li><li><b>经营现金流量</b>2021年第一季度为人民币9.263亿元（1.414亿美元），较2020年第一季度负净现金流人民币6300万元增加人民币9.893亿元，较2020年第一季度的人民币18.2亿元减少49.1%2020年第四季度。</li><li><b>自由现金流</b>2021年第一季度为人民币5.702亿元（8700万美元），较2020年第一季度的负净现金流人民币1.852亿元增加人民币7.554亿元，较2020年第一季度的人民币16.0亿元减少64.3%。2020年第四季度。</li></ul><b><u>业务展望</u></b></blockquote></p><p>For the second quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第二季度，公司预计：</blockquote></p><p></p><p><ul><li><b>Deliveries of vehicles</b>to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from the second quarter of 2020.</li><li><b>Total revenues</b>to be between RMB3.99 billion (US$609.0 million) and RMB4.27 billion (US$651.7 million), representing an increase of 104.6% to 119.0% from the second quarter of 2020.</li></ul>This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.</p><p><blockquote><ul><li><b>车辆交付</b>在14,500辆至15,500辆之间，较2020年第二季度增长119.6%至134.7%。</li><li><b>总收入</b>将在人民币39.9亿元（6.090亿美元）至人民币42.7亿元（6.517亿美元）之间，较2020年第二季度增长104.6%至119.0%。</li></ul>本业务展望反映了公司对业务状况和市场状况的当前和初步看法，可能会发生变化。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150713912","content_text":"(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2021.Li Q1 Non-GAAP EPS of -$0.03 beats by $0.01; GAAP EPS of -$0.06 misses by $0.05.Revenue of $545.7M (+319.8% Y/Y) beats by $42.26M.Quarterly total revenues reached RMB3.58 billion (US$545.7 million)1Quarterly deliveries were 12,579 vehiclesQuarterly gross margin reached 17.3%.Q2 Outlook: Total revenues to be between RMB3.99B ($609M) and RMB4.27B ($651.7M), consensus $663.51, representing an increase of 104.6% to 119.0% from Q2 2020.Deliveries of vehicles to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from Q2 2020.Operating Highlights for the First Quarter of 2021Deliveries of Li ONEs were 12,579 vehicles in the first quarter of 2021, representing a 334.4% year-over-year increase.As of March 31, 2021, the Company had 65 retail stores covering 49 cities and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities.Financial Highlights for the First Quarter of 2021Vehicle sales were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020.Vehicle margin2was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020.Total revenues were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.Gross profit was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.Gross margin was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020.Loss from operations was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020. Non-GAAP loss from operations3was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.Net loss was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020. Non-GAAP net loss3was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.Operating cash flow was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.Free cash flow4was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.Deliveries UpdateIn April 2021, the Company delivered 5,539 Li ONEs, representing a 111.3% increase compared to April 2020. As of April 30, 2021, the Company had 73 retail stores covering 53 cities, in addition to 143 servicing centers and Li Auto-authorized body and paint shops operating in 105 cities.Issuance of Convertible Senior NotesIn April 2021, the Company completed the offering of US$862.5 million in aggregate principal amount of its 0.25% convertible senior notes due 2028 (the “Notes”), which included the exercise in full by the initial purchasers in the Notes offering of their option to purchase up to an additional US$112.5 million in aggregate principal amount of the Notes.The Company plans to use the net proceeds from the Notes offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.2021 Li ONEOn May 25, 2021, the Company officially released the 2021 Li ONE, the first vehicle with Navigation on ADAS (NOA) as a standard configuration in the world. It features comprehensive upgrades, including an enhanced NEDC range of 1,080 kilometers, optimized mobility comfort, and more intelligent cockpit, bringing premium features to users at a flat retail price of RMB338,000. Deliveries of the 2021 Li ONE will commence on June 1, 2021.With software and hardware optimization and its integrated powertrain system, the 2021 Li ONE can achieve an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in fuel mode is 6.05 liter per 100 kilometers based on the NEDC standard operational condition, best in class among large-sized four-wheel drive SUVs.CEO and CFO CommentsMr.Xiang Li, founder, chairman, and chief executive officer of Li Auto, commented, “We delivered 12,579 Li ONEs during the quarter, up 334.4% year over year. Li ONE was the second best-selling new energy SUV inChinain the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.“On May 25, we released our 2021 Li ONE. The model has elevated the extended range electric technology to a brand-new level, achieving an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in the fuel mode takes consumption as low as 6.05 liter per 100 kilometers based on the NEDC standard operational condition, a level that is unparalleled among large-sized four-wheel drive SUVs. I am very proud of our R&D team’s successful efforts to improve the range-extended technology.“The 2021 Li ONE is the first model in the world offering Navigation on ADAS in a standard configuration. Combining our self-developed ADAS with dedicated dual Horizon Robotics Journey 3 processors, an 8-megapixel front-view camera, 5 latest millimeter-wave radars, and high-definition maps, the 2021 Li ONE delivers a safer, easier, and more convenient driving experience, echoing our belief that active safety should be standard, not optional features.“Li ONE has been well loved by family users for its spacious six-seat interior layout. And the 2021 Li ONE enhances its excellence in space, comfort, and intelligence by equipping the front and second row seats with lumbar massage functions, increasing the leg room in the third row by 41 millimeters, while also featuring a smarter in-car voice assistant ‘LiXiang Tong Xue(理想同学),’ providing a high caliber and overall more comfortable, roomier, and more intelligent space for more families.“Is it possible to build a smart electric vehicle that makes families happier? With the 2021 Li ONE, we can confidently say yes, a resounding yes!” concludedMr. Li.Mr.Tie Li, chief financial officer of Li Auto, added, “We are pleased with our healthy financial performance during the first quarter. Our total revenues reached RMB3.58 billion, more than quadrupling from the first quarter of 2020 and exceeding the top end of our revenue guidance by 11.2%, while our gross margin stayed robust at 17.3%. Amid our ongoing efforts to enhance investment in R&D as well as our direct sales and servicing network, operating expenses increased 27.5% quarter-over-quarter and 238.6% year-over-year. We also raised over US$840 million in net proceeds through our successful convertible senior notes offering, strengthening our capital base for future growth as we increase our R&D investments in leading technologies, prepare for new model launches, and gear up for further increases in demand.”Financial Results for the First Quarter of 2021RevenuesTotal revenueswere RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.Vehicle saleswere RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020. The increase in revenue from vehicle sales over the first quarter of 2020 was mainly attributable to the increase in vehicle deliveries with the continuous expansion of our sales network. The decrease in revenue from vehicle sales from the fourth quarter of 2020 was mainly attributable to the decrease in vehicle deliveries, which were affected by seasonal factors related to the Chinese New Year holiday as well as the localized COVID-19 outbreaks in the northern China in February 2021.Other sales and serviceswere RMB111.5 million (US$17.0 million) in the first quarter of 2021, representing an increase of 951.9% from RMB10.6 million in the first quarter of 2020 and an increase of 25.0% from RMB89.2 million in the fourth quarter of 2020. The increase in revenue from other sales and services over the first and fourth quarter of 2020 was mainly attributable to increased sales of charging stalls, accessories and services in line with higher accumulated vehicle sales.Cost of Sales and Gross MarginCost of saleswas RMB2.96 billion (US$451.6 million) in the first quarter of 2021, representing an increase of 277.6% from RMB783.4 million in the first quarter of 2020 and a decrease of 13.5% from RMB3.42 billion in the fourth quarter of 2020.Gross profitwas RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB 68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.Vehicle marginwas 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020. The increase in vehicle margin over the first quarter of 2020 was primarily attributable to lower material cost and lower unit manufacturing overhead cost derived from the increased production volume. The slight decrease in vehicle margin from the fourth quarter of 2020 was primarily due to lower average selling price caused by promotional activities launched in the first quarter of 2021, partially offset by the decreased material cost.Gross marginwas 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020, which was mainly driven by the change of vehicle margin.Operating ExpensesOperating expenseswere RMB1.02 billion (US$156.4 million) in the first quarter of 2021, representing an increase of 238.6% from RMB302.5 million in the first quarter of 2020 and an increase of 27.5% from RMB803.5 million in the fourth quarter of 2020.Research and development expenseswere RMB514.5 million (US$78.5 million) in the first quarter of 2021, representing an increase of 171.2% from RMB189.7 million in the first quarter of 2020 and an increase of 37.5% from RMB374.2 million in the fourth quarter of 2020.Non-GAAP research and development expenses3were RMB397.9 million (US$60.7 million) in the first quarter of 2021, representing an increase of 109.8% from RMB189.7 million in the first quarter of 2020 and an increase of 7.8% from RMB369.1 million in the fourth quarter of 2020. The increase in research and development expenses over the first and fourth quarter of 2020 was primarily attributable to (i) increased share-based compensation expenses derived from incremental share options granted with higher fair value in January 2021 while no share-based compensation expenses were recognized for stock options with service conditions and a performance condition related to our IPO in the first quarter of 2020, (ii) increased research and development activities for the Company’s next vehicle models, and (iii) increased headcount.Selling, general and administrative expenseswere RMB509.9 million (US$77.8 million) in the first quarter of 2021, representing an increase of 352.0% from RMB112.8 million in the first quarter of 2020 and an increase of 18.8% from RMB429.3 million in the fourth quarter of 2020.Non-GAAP selling, general and administrative expenses3were RMB449.8 million (US$68.7 million) in the first quarter of 2021, representing an increase of 298.8% from RMB112.8 million in the first quarter of 2020 and an increase of 5.4% from RMB426.8 million in the fourth quarter of 2020. The increase in selling, general and administrative expenses over the first and fourth quarter of 2020 was primarily driven by (i) increased marketing and promotional activities, (ii) increased headcount and rental expenses with the expansion of the Company’s sales network, and (iii) increased share-based compensation expenses.Loss from OperationsLoss from operationswas RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020.Non-GAAP loss from operationswas RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.Net Loss and Earnings Per ShareNet losswas RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020.Non-GAAP net losswas RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.Basic and diluted net loss per ADS6attributable to ordinary shareholderswere both RMB0.40 (US$0.06) in the first quarter of 2021.Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders3were both RMB0.20 (US$0.03) in the first quarter of 2021.Cash position, Operating Cash Flow and Free Cash FlowBalance of cash and cash equivalents, restricted cash, time deposits and short-term investmentswas RMB30.36 billion (US$4.63 billion) as of March 31, 2021.Operating cash flowwas RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.Free cash flowwas RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.Business OutlookFor the second quarter of 2021, the Company expects:Deliveries of vehiclesto be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from the second quarter of 2020.Total revenuesto be between RMB3.99 billion (US$609.0 million) and RMB4.27 billion (US$651.7 million), representing an increase of 104.6% to 119.0% from the second quarter of 2020.This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622072280,"share":"https://www.laohu8.com/m/news/1198109956?lang=zh_CN&edition=full","pubTime":"2021-05-27 07:38","market":"us","language":"en","title":"Nvidia EPS beats by $0.38, beats on revenue<blockquote>英伟达每股收益超过预期0.38美元，营收超过预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1198109956","media":"Tiger Newspress","summary":" Nvidia today reported record revenue for the first quarter ended May 2, 2021, of $5.66 billion, up 84 percent from a year earlier and up 13 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.Nvidia Q1 Non-GAAP EPS of $3.66beats by $0.38; GAAP EPS of $3.03beats by $0.51.Revenue of $5.66B beats by $250M.NVIDIA paid quarterly cash dividends of $99 million in the first quarter. It will pay its next quarterly cash di","content":"<p>(May 27) Nvidia today reported record revenue for the first quarter ended May 2, 2021, of $5.66 billion, up 84 percent from a year earlier and up 13 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.</p><p><blockquote>（5月27日）英伟达今天公布了截至2021年5月2日的第一季度创纪录的收入，为56.6亿美元，同比增长84%，环比增长13%，来自该公司游戏、数据中心和专业可视化平台的收入创纪录。</blockquote></p><p><ul><li>Nvidia Q1 Non-GAAP EPS of $3.66beats by $0.38; GAAP EPS of $3.03beats by $0.51.</li><li>Revenue of $5.66B (+83.8% Y/Y)beats by $250M.</li></ul><b>Outlook for the second quarter of fiscal 2022 is as follows:</b></p><p><blockquote><ul><li>Nvidia第一季度非GAAP每股收益为3.66美元，超过预期为0.38美元；GAAP每股收益为3.03美元，超过预期为0.51美元。</li><li>收入为$5.66 B（同比增长83.8%）超过预期2.5亿美元。</li></ul><b>2022财年第二季度展望如下：</b></blockquote></p><p><ul><li>Revenue is expected to be $6.30 billion, plus or minus 2 percent vs. $5.48B consensus.</li><li>GAAP and non-GAAP gross margins are expected to be 64.6 percent and 66.5 percent, respectively, plus or minus 50 basis points.</li><li>GAAP and non-GAAP operating expenses are expected to be approximately $1.76 billion and $1.26 billion, respectively.</li><li>GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $50 million.</li><li>GAAP and non-GAAP tax rates are both expected to be 10 percent, plus or minus 1 percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter-by-quarter basis.</li></ul>Shares of Nvidia fell nearly 1% in afterhour trading.</p><p><blockquote><ul><li>收入预计为63亿美元，同比正负2%。$54.8亿共识。</li><li>GAAP和非GAAP毛利率预计分别为64.6%和66.5%，上下浮动50个基点。</li><li>GAAP和非GAAP运营费用预计分别约为17.6亿美元和12.6亿美元。</li><li>GAAP和非GAAP其他收入和费用预计均为约5000万美元的费用。</li><li>GAAP和非GAAP税率预计均为10%，正负1%，不包括任何离散项目。GAAP离散项目包括与股票薪酬相关的超额税收优惠或缺陷，预计会产生季度差异。</li></ul>英伟达股价在盘后交易中下跌近1%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cc5b2493152883344459d99c9fa7aa82\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\">“We had a fantastic quarter, with strong demand for our products driving record revenue,” saidJensen Huang, founder and CEO of NVIDIA.</p><p><blockquote>英伟达创始人兼首席执行官黄仁勋表示：“我们度过了一个出色的季度，对我们产品的强劲需求推动了创纪录的收入。”</blockquote></p><p>“Our Data Center (VPN) business continues to expand, as the world’s industries take up NVIDIA AI to process computer vision, conversational AI, natural language understanding and recommender systems. NVIDIA RTX has reinvented computer graphics and is driving upgrades across the gaming and design markets. Our partners are launching the largest-ever wave of NVIDIA-powered laptops. Across industries, the adoption of NVIDIA computing platforms is accelerating.</p><p><blockquote>“随着全球各行业采用NVIDIA AI来处理计算机视觉、对话式AI、自然语言理解和推荐系统，我们的数据中心(VPN)业务不断扩大。NVIDIA RTX重塑了计算机图形，并推动了整个游戏和设计市场的升级。我们的合作伙伴正在推出有史以来最大规模的NVIDIA笔记本电脑浪潮。在各个行业中，英伟达计算平台的采用正在加速。</blockquote></p><p>“Mellanox, one year in, has exceeded our expectations and transformed NVIDIA into a data-center-scale computing company. We continue to make headway with our planned acquisition of Arm, which will accelerate innovation and growth for the Arm ecosystem. From gaming, cloud computing, AI, robotics, self-driving cars, to genomics and computational biology, NVIDIA continues to do impactful work to invent a better future,” he said.</p><p><blockquote>“一年来，Mellanox超出了我们的预期，将英伟达转变为一家数据中心规模的计算公司。我们计划收购Arm，继续取得进展，这将加速Arm生态系统的创新和增长。从游戏、云计算、人工智能、机器人、自动驾驶汽车，到基因组学和计算生物学，英伟达继续开展有影响力的工作，以创造更美好的未来，”他说。</blockquote></p><p>NVIDIA paid quarterly cash dividends of $99 million in the first quarter. It will pay its next quarterly cash dividend of $0.16 per share on July 1, 2021, to all shareholders of record on June 10, 2021.</p><p><blockquote>英伟达第一季度支付了9900万美元的季度现金股息。它将于2021年7月1日向2021年6月10日登记在册的所有股东支付每股0.16美元的下一季度现金股息。</blockquote></p><p>On May 21, 2021, the company’s board of directors declared a four-for-one split of NVIDIA’s common stock payable in the form of a stock dividend, with the additional shares expected to be distributed on July 19, 2021. The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders on June 3, 2021, to increase the number of authorized shares of common stock from 2 billion to 4 billion.</p><p><blockquote>2021年5月21日，公司董事会宣布以股票股息的形式将英伟达普通股拆四拆一，额外股份预计将于2021年7月19日分配。股票股息的条件是在2021年6月3日举行的公司2021年年度股东大会上获得股东批准，将普通股授权股数从20亿股增加到40亿股。</blockquote></p><p><b>Highlights</b></p><p><blockquote><b>亮点</b></blockquote></p><p>NVIDIA achieved progress since its previous earnings announcement in these areas:</p><p><blockquote>自上次财报发布以来，英伟达在以下领域取得了进展：</blockquote></p><p><b>Gaming</b></p><p><blockquote><b>游戏</b></blockquote></p><p><ul><li>First-quarter revenue was a record $2.76 billion, up 106 percent from a year earlier and up 11 percent from the previous quarter.</li><li>Broadened the wave of laptops powered by NVIDIA’s second-generation RTX graphics with the launch ofGeForce RTX™ 3060 Laptop GPU systemsstarting at $999, and the announcement ofGeForce®3050 Ti and 3050 Laptop GPU systemsstarting at $799 and aimed at gamers and creators.</li><li>AcceleratedRTX momentumwith now over 60 games, including<i>Call of Duty Modern Warfare,Crysis Remastered</i>and<i>Outriders.</i></li><li>Took steps to improve gamers’ access to GeForce GPUs byreducing the Ethereum hash rate on newly manufactured RTX 3080, 3070 and 3060 Ti graphics cards-- which carry a “Lite Hash Rate,” or “LHR,” identifier -- in addition toprevious steps to lower the RTX 3060’s hash rate.</li><li>Announced thatNVIDIA DLSS is available now in Unreal Engine 4and soon in theUnity game engine.</li><li>Announced thatNVIDIA Reflex, which reduces system latency, is now incorporated into<i>Call of Duty Warzone</i>,<i>Overwatch</i>and<i>Rainbow Six</i><i>: Siege</i>.</li><li>Announced thatGeForce NOW™, now in its second year, has over 10 million members in more than 70 countries and is approaching 1,000 games in its library.</li></ul><b>Data Center</b></p><p><blockquote><ul><li>第一季度营收达到创纪录的27.6亿美元，同比增长106%，环比增长11%。</li><li>随着GeForce RTX的推出，扩大了采用NVIDIA第二代RTX显卡的笔记本电脑浪潮™3060笔记本电脑GPU系统起价999美元，以及GeForce的发布®3050 Ti和3050笔记本电脑GPU系统起价799美元，面向游戏玩家和创作者。</li><li>加速RTX势头，现已推出60多款游戏，包括<i>使命看涨期权现代战争，孤岛危机重制版</i>和<i>Outriders.</i></li><li>采取措施，通过降低新制造的RTX 3080、3070和3060 Ti显卡上的以太币哈希率（这些显卡带有“精简哈希率”或“LHR”标识符）来改善游戏玩家对GeForce GPU的访问。降低RTX 3060的哈希率。</li><li>宣布英伟达DLSS现已在虚幻引擎4中推出，并很快在Unity游戏引擎中推出。</li><li>宣布降低系统延迟的NVIDIA Reflex现已纳入<i>看涨期权值班战区</i>,<i>守望</i>和<i>彩虹六号</i><i>：胜利</i>.</li><li>宣布GeForce Now™该游戏现已进入第二年，在70多个国家拥有超过1000万会员，其图书馆中的游戏数量接近1,000款。</li></ul><b>数据中心</b></blockquote></p><p></p><p><ul><li>First-quarter revenue was a record $2.05 billion, up 79 percent from a year earlier and up 8 percent from the previous quarter.</li><li>Hosted its largest-everGPU Technology Conference, virtually, with more than 200,000 registrations from 195 countries, and an opening keynote with over 14 million views.</li><li>UnveiledNVIDIA Grace™, its first Arm-based data center CPU, designed for giant-scale AI and high performance computing, which will deliver 10x the performance of today’s fastest servers and power theworld’s most powerful AI-capable supercomputerat the Swiss National Supercomputing Centre.</li><li>Collaborated with Amazon Web Services to deployNVIDIA GPU inferencingthrough GPU-accelerated, AWS Graviton2-based Amazon EC2 instances, enabling GPU-accelerated games to run natively on AWS and allowing greater performance for Arm-based workloads.</li><li>Unveiled theNVIDIA®BlueField-3®DPU, the first data processing unit built for AI and accelerated computing, with support from VMware, Splunk, NetApp, Cloudflare and others.</li><li>Announced thenew NVIDIA DGX SuperPOD™, the first cloud-native, multi-tenant supercomputer, with customers in conversational AI, drug discovery, autonomous vehicles and more.</li><li>Announced that its AI inference platform, expanded withNVIDIA A30 and A10 GPUsfor mainstream servers, set records across every category in the latest release of the MLPerf benchmark for AI performance across a range of workloads.</li><li>Announced theNVIDIA AI Enterprise software suite for VMware vSphere, enabling scale-out, multi-node performance and compatibility for a range of applications and data science.</li><li>Introduced theNVIDIA Morpheus AIapplication framework to enable cybersecurity providers to instantly detect cyber breaches using AI and NVIDIA BlueField DPUs.</li><li>Announced availability ofNVIDIA Jarvis, a framework for interactive conversational AI, andNVIDIA Maxine™, a framework for real-time video-based experiences.</li><li>UnveiledNVIDIA TAO, a framework for accelerating the creation of enterprise AI applications.</li><li>Expanded its work supportingdrug development and discovery with NVIDIA Clara Discovery, announcing a partnership with Schrödinger to support the pharmaceutical industry with AI software to speed drug-discovery workflows.</li></ul><b>Professional Visualization</b></p><p><blockquote><ul><li>第一季度营收达到创纪录的20.5亿美元，同比增长79%，环比增长8%。</li><li>虚拟主办了其最大的everGPU技术会议，来自195个国家的超过200,000名注册者，开幕主题演讲的浏览量超过1400万次。</li><li>揭幕NVIDIA Grace™这是其首款基于Arm的数据中心CPU，专为大规模人工智能和高性能计算而设计，其性能将是当今最快服务器的10倍，并为瑞士国家超级计算中心世界上最强大的人工智能超级计算机提供动力。</li><li>与Amazon Web Services合作，通过GPU加速、基于AWS Graviton2的Amazon EC2实例部署NVIDIA GPU推理，使GPU加速的游戏能够在AWS上原生运行，并为基于Arm的工作负载提供更高的性能。</li><li>theNVIDIA®蓝田3®DPU是第一个为人工智能和加速计算构建的数据处理单元，得到了VMware、Splunk、NetApp、Cloudflare等公司的支持。</li><li>宣布推出新款NVIDIA DGX SuperPOD™，第一台云原生、多租户超级计算机，客户涉及对话式AI、药物发现、自动驾驶汽车等领域。</li><li>宣布其人工智能推理平台通过NVIDIA A30和A10 GPU扩展到主流服务器，在最新发布的MLPerf基准测试中创下了一系列工作负载的人工智能性能的各个类别的记录。</li><li>发布了适用于VMware vSphere的Envidia AI企业软件套件，为一系列应用程序和数据科学实现横向扩展、多节点性能和兼容性。</li><li>推出了NVIDIA Morpheus AIApplication框架，使网络安全提供商能够使用AI和NVIDIA Bluefield DPU即时检测网络违规行为。</li><li>宣布推出交互式对话式人工智能框架NVIDIA Jarvis和NVIDIA Maxine™，一个基于实时视频体验的框架。</li><li>推出NVIDIA TAO，这是一个加速企业人工智能应用程序创建的框架。</li><li>通过NVIDIA Clara Discovery扩大了支持药物开发和发现的工作，宣布与Schrödinger合作，通过人工智能软件支持制药行业，以加快药物发现工作流程。</li></ul><b>专业可视化</b></blockquote></p><p><ul><li>First-quarter revenue was a record $372 million, up 21 percent both from a year earlier and the previous quarter.</li><li>Launched NVIDIA Omniverse™ Enterprisesoftware for real-time 3D design and collaboration, with BMW Group, Foster + Partners and WPP as early customers.</li><li>UnveiledNVIDIA RTX™ GPUsfor next-gen laptop and desktop workstations, including the NVIDIA RTX A4000 and A5000 for desktops and the A2000, A3000, A4000 and A5000 for laptops.</li><li>RevealedGANverse3D, an AI model for creating 3D object models from standard 2D images.</li></ul><b>Automotive</b></p><p><blockquote><ul><li>第一季度收入达到创纪录的3.72亿美元，同比和上一季度均增长21%。</li><li>推出NVIDIA Omniverse™用于实时3D设计和协作的企业软件，宝马集团、Foster+Partners和WPP是早期客户。</li><li>NVIDIA RTX亮相™适用于下一代笔记本电脑和台式机工作站的GPU，包括适用于台式机的NVIDIA RTX A4000和A5000以及适用于笔记本电脑的A2000、A3000、A4000和A5000。</li><li>RevealedGANverse3D，一个用于从标准2D图像创建3D对象模型的人工智能模型。</li></ul><b>汽车的</b></blockquote></p><p><ul><li>First-quarter revenue was $154 million, down 1 percent from a year earlier and up 6 percent from the previous quarter.</li><li>Unveiled NVIDIA DRIVE Atlan™, an AI-enabled processor for autonomous vehicles with 1,000 TOPS and data-center-grade security, targeting automakers’ 2025 vehicles.</li><li>AnnouncedNVIDIA DRIVE Hyperion™ 8, the latest generation of a fully operational, open platform that reduces the time and cost to outfit vehicles with AI and surround sensors.</li><li>Announced thatNVIDIA DRIVE™ will be powering intelligent new energy vehiclesfrom SAIC R Auto, IM Motors, Faraday Future and VinFast, starting in 2022.</li><li>Revealed that Cruise is the latestrobotaxi company selecting NVIDIA DRIVE, following announcements by Amazon Zoox, DiDi (DIDI), Oxbotica, Pony.ai and AutoX.</li><li>Announced thatVolvo Cars will use NVIDIA DRIVE Orin™ to power the autonomous driving computer in its next-generation cars, beginning with the XC90, to be revealed in 2022.</li><li>Announced that theNVIDIA DRIVE platformpowers MBUX Hyperscreen, the AI cockpit in Mercedes-Benz’s new EQS sedan.</li><li>Announced that TuSimple and Navistar will buildself-driving trucks powered by the NVIDIA DRIVE AGX™ platform, and the self-driving truck companyPlus will use NVIDIA DRIVE Orinfor its upcoming autonomous vehicle platform.</li></ul></p><p><blockquote><ul><li>第一季度营收为1.54亿美元，同比下降1%，环比增长6%。</li><li>推出NVIDIA DRIVE Atlan™，一款支持人工智能的自动驾驶汽车处理器，具有1000个TOP和数据中心级安全性，目标是汽车制造商2025年的汽车。</li><li>宣布Nvidia Drive Hyperion™8、最新一代全功能开放平台，可减少为车辆配备人工智能和环绕传感器的时间和成本。</li><li>宣布Nvidia Drive™将从2022年开始为上汽R Auto、IM Motors、法拉第未来和VinFast的智能新能源汽车提供动力。</li><li>据透露，继亚马逊Zoox、滴滴(DIDI)、Oxbotica、小马智行和AutoX发布公告后，Cruise是最新一家选择NVIDIA DRIVE的Strobotaxi公司。</li><li>宣布沃尔沃汽车将使用NVIDIA DRIVE Orin™为其下一代汽车中的自动驾驶计算机提供动力，首先是将于2022年发布的XC90。</li><li>宣布ThenVidia Drive Platform为梅赛德斯-奔驰新款EQS轿车中的人工智能驾驶舱MBUX Hyperscreen提供支持。</li><li>宣布图森未来和纳威司达将制造由NVIDIA DRIVE AGX驱动的自动驾驶卡车™平台，自动驾驶卡车公司Plus将在其即将推出的自动驾驶汽车平台中使用NVIDIA DRIVE ORIN。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia EPS beats by $0.38, beats on revenue<blockquote>英伟达每股收益超过预期0.38美元，营收超过预期</blockquote></title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia EPS beats by $0.38, beats on revenue<blockquote>英伟达每股收益超过预期0.38美元，营收超过预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-27 07:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(May 27) Nvidia today reported record revenue for the first quarter ended May 2, 2021, of $5.66 billion, up 84 percent from a year earlier and up 13 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.</p><p><blockquote>（5月27日）英伟达今天公布了截至2021年5月2日的第一季度创纪录的收入，为56.6亿美元，同比增长84%，环比增长13%，来自该公司游戏、数据中心和专业可视化平台的收入创纪录。</blockquote></p><p><ul><li>Nvidia Q1 Non-GAAP EPS of $3.66beats by $0.38; GAAP EPS of $3.03beats by $0.51.</li><li>Revenue of $5.66B (+83.8% Y/Y)beats by $250M.</li></ul><b>Outlook for the second quarter of fiscal 2022 is as follows:</b></p><p><blockquote><ul><li>Nvidia第一季度非GAAP每股收益为3.66美元，超过预期为0.38美元；GAAP每股收益为3.03美元，超过预期为0.51美元。</li><li>收入为$5.66 B（同比增长83.8%）超过预期2.5亿美元。</li></ul><b>2022财年第二季度展望如下：</b></blockquote></p><p><ul><li>Revenue is expected to be $6.30 billion, plus or minus 2 percent vs. $5.48B consensus.</li><li>GAAP and non-GAAP gross margins are expected to be 64.6 percent and 66.5 percent, respectively, plus or minus 50 basis points.</li><li>GAAP and non-GAAP operating expenses are expected to be approximately $1.76 billion and $1.26 billion, respectively.</li><li>GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $50 million.</li><li>GAAP and non-GAAP tax rates are both expected to be 10 percent, plus or minus 1 percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter-by-quarter basis.</li></ul>Shares of Nvidia fell nearly 1% in afterhour trading.</p><p><blockquote><ul><li>收入预计为63亿美元，同比正负2%。$54.8亿共识。</li><li>GAAP和非GAAP毛利率预计分别为64.6%和66.5%，上下浮动50个基点。</li><li>GAAP和非GAAP运营费用预计分别约为17.6亿美元和12.6亿美元。</li><li>GAAP和非GAAP其他收入和费用预计均为约5000万美元的费用。</li><li>GAAP和非GAAP税率预计均为10%，正负1%，不包括任何离散项目。GAAP离散项目包括与股票薪酬相关的超额税收优惠或缺陷，预计会产生季度差异。</li></ul>英伟达股价在盘后交易中下跌近1%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/cc5b2493152883344459d99c9fa7aa82\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\">“We had a fantastic quarter, with strong demand for our products driving record revenue,” saidJensen Huang, founder and CEO of NVIDIA.</p><p><blockquote>英伟达创始人兼首席执行官黄仁勋表示：“我们度过了一个出色的季度，对我们产品的强劲需求推动了创纪录的收入。”</blockquote></p><p>“Our Data Center (VPN) business continues to expand, as the world’s industries take up NVIDIA AI to process computer vision, conversational AI, natural language understanding and recommender systems. NVIDIA RTX has reinvented computer graphics and is driving upgrades across the gaming and design markets. Our partners are launching the largest-ever wave of NVIDIA-powered laptops. Across industries, the adoption of NVIDIA computing platforms is accelerating.</p><p><blockquote>“随着全球各行业采用NVIDIA AI来处理计算机视觉、对话式AI、自然语言理解和推荐系统，我们的数据中心(VPN)业务不断扩大。NVIDIA RTX重塑了计算机图形，并推动了整个游戏和设计市场的升级。我们的合作伙伴正在推出有史以来最大规模的NVIDIA笔记本电脑浪潮。在各个行业中，英伟达计算平台的采用正在加速。</blockquote></p><p>“Mellanox, one year in, has exceeded our expectations and transformed NVIDIA into a data-center-scale computing company. We continue to make headway with our planned acquisition of Arm, which will accelerate innovation and growth for the Arm ecosystem. From gaming, cloud computing, AI, robotics, self-driving cars, to genomics and computational biology, NVIDIA continues to do impactful work to invent a better future,” he said.</p><p><blockquote>“一年来，Mellanox超出了我们的预期，将英伟达转变为一家数据中心规模的计算公司。我们计划收购Arm，继续取得进展，这将加速Arm生态系统的创新和增长。从游戏、云计算、人工智能、机器人、自动驾驶汽车，到基因组学和计算生物学，英伟达继续开展有影响力的工作，以创造更美好的未来，”他说。</blockquote></p><p>NVIDIA paid quarterly cash dividends of $99 million in the first quarter. It will pay its next quarterly cash dividend of $0.16 per share on July 1, 2021, to all shareholders of record on June 10, 2021.</p><p><blockquote>英伟达第一季度支付了9900万美元的季度现金股息。它将于2021年7月1日向2021年6月10日登记在册的所有股东支付每股0.16美元的下一季度现金股息。</blockquote></p><p>On May 21, 2021, the company’s board of directors declared a four-for-one split of NVIDIA’s common stock payable in the form of a stock dividend, with the additional shares expected to be distributed on July 19, 2021. The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders on June 3, 2021, to increase the number of authorized shares of common stock from 2 billion to 4 billion.</p><p><blockquote>2021年5月21日，公司董事会宣布以股票股息的形式将英伟达普通股拆四拆一，额外股份预计将于2021年7月19日分配。股票股息的条件是在2021年6月3日举行的公司2021年年度股东大会上获得股东批准，将普通股授权股数从20亿股增加到40亿股。</blockquote></p><p><b>Highlights</b></p><p><blockquote><b>亮点</b></blockquote></p><p>NVIDIA achieved progress since its previous earnings announcement in these areas:</p><p><blockquote>自上次财报发布以来，英伟达在以下领域取得了进展：</blockquote></p><p><b>Gaming</b></p><p><blockquote><b>游戏</b></blockquote></p><p><ul><li>First-quarter revenue was a record $2.76 billion, up 106 percent from a year earlier and up 11 percent from the previous quarter.</li><li>Broadened the wave of laptops powered by NVIDIA’s second-generation RTX graphics with the launch ofGeForce RTX™ 3060 Laptop GPU systemsstarting at $999, and the announcement ofGeForce®3050 Ti and 3050 Laptop GPU systemsstarting at $799 and aimed at gamers and creators.</li><li>AcceleratedRTX momentumwith now over 60 games, including<i>Call of Duty Modern Warfare,Crysis Remastered</i>and<i>Outriders.</i></li><li>Took steps to improve gamers’ access to GeForce GPUs byreducing the Ethereum hash rate on newly manufactured RTX 3080, 3070 and 3060 Ti graphics cards-- which carry a “Lite Hash Rate,” or “LHR,” identifier -- in addition toprevious steps to lower the RTX 3060’s hash rate.</li><li>Announced thatNVIDIA DLSS is available now in Unreal Engine 4and soon in theUnity game engine.</li><li>Announced thatNVIDIA Reflex, which reduces system latency, is now incorporated into<i>Call of Duty Warzone</i>,<i>Overwatch</i>and<i>Rainbow Six</i><i>: Siege</i>.</li><li>Announced thatGeForce NOW™, now in its second year, has over 10 million members in more than 70 countries and is approaching 1,000 games in its library.</li></ul><b>Data Center</b></p><p><blockquote><ul><li>第一季度营收达到创纪录的27.6亿美元，同比增长106%，环比增长11%。</li><li>随着GeForce RTX的推出，扩大了采用NVIDIA第二代RTX显卡的笔记本电脑浪潮™3060笔记本电脑GPU系统起价999美元，以及GeForce的发布®3050 Ti和3050笔记本电脑GPU系统起价799美元，面向游戏玩家和创作者。</li><li>加速RTX势头，现已推出60多款游戏，包括<i>使命看涨期权现代战争，孤岛危机重制版</i>和<i>Outriders.</i></li><li>采取措施，通过降低新制造的RTX 3080、3070和3060 Ti显卡上的以太币哈希率（这些显卡带有“精简哈希率”或“LHR”标识符）来改善游戏玩家对GeForce GPU的访问。降低RTX 3060的哈希率。</li><li>宣布英伟达DLSS现已在虚幻引擎4中推出，并很快在Unity游戏引擎中推出。</li><li>宣布降低系统延迟的NVIDIA Reflex现已纳入<i>看涨期权值班战区</i>,<i>守望</i>和<i>彩虹六号</i><i>：胜利</i>.</li><li>宣布GeForce Now™该游戏现已进入第二年，在70多个国家拥有超过1000万会员，其图书馆中的游戏数量接近1,000款。</li></ul><b>数据中心</b></blockquote></p><p></p><p><ul><li>First-quarter revenue was a record $2.05 billion, up 79 percent from a year earlier and up 8 percent from the previous quarter.</li><li>Hosted its largest-everGPU Technology Conference, virtually, with more than 200,000 registrations from 195 countries, and an opening keynote with over 14 million views.</li><li>UnveiledNVIDIA Grace™, its first Arm-based data center CPU, designed for giant-scale AI and high performance computing, which will deliver 10x the performance of today’s fastest servers and power theworld’s most powerful AI-capable supercomputerat the Swiss National Supercomputing Centre.</li><li>Collaborated with Amazon Web Services to deployNVIDIA GPU inferencingthrough GPU-accelerated, AWS Graviton2-based Amazon EC2 instances, enabling GPU-accelerated games to run natively on AWS and allowing greater performance for Arm-based workloads.</li><li>Unveiled theNVIDIA®BlueField-3®DPU, the first data processing unit built for AI and accelerated computing, with support from VMware, Splunk, NetApp, Cloudflare and others.</li><li>Announced thenew NVIDIA DGX SuperPOD™, the first cloud-native, multi-tenant supercomputer, with customers in conversational AI, drug discovery, autonomous vehicles and more.</li><li>Announced that its AI inference platform, expanded withNVIDIA A30 and A10 GPUsfor mainstream servers, set records across every category in the latest release of the MLPerf benchmark for AI performance across a range of workloads.</li><li>Announced theNVIDIA AI Enterprise software suite for VMware vSphere, enabling scale-out, multi-node performance and compatibility for a range of applications and data science.</li><li>Introduced theNVIDIA Morpheus AIapplication framework to enable cybersecurity providers to instantly detect cyber breaches using AI and NVIDIA BlueField DPUs.</li><li>Announced availability ofNVIDIA Jarvis, a framework for interactive conversational AI, andNVIDIA Maxine™, a framework for real-time video-based experiences.</li><li>UnveiledNVIDIA TAO, a framework for accelerating the creation of enterprise AI applications.</li><li>Expanded its work supportingdrug development and discovery with NVIDIA Clara Discovery, announcing a partnership with Schrödinger to support the pharmaceutical industry with AI software to speed drug-discovery workflows.</li></ul><b>Professional Visualization</b></p><p><blockquote><ul><li>第一季度营收达到创纪录的20.5亿美元，同比增长79%，环比增长8%。</li><li>虚拟主办了其最大的everGPU技术会议，来自195个国家的超过200,000名注册者，开幕主题演讲的浏览量超过1400万次。</li><li>揭幕NVIDIA Grace™这是其首款基于Arm的数据中心CPU，专为大规模人工智能和高性能计算而设计，其性能将是当今最快服务器的10倍，并为瑞士国家超级计算中心世界上最强大的人工智能超级计算机提供动力。</li><li>与Amazon Web Services合作，通过GPU加速、基于AWS Graviton2的Amazon EC2实例部署NVIDIA GPU推理，使GPU加速的游戏能够在AWS上原生运行，并为基于Arm的工作负载提供更高的性能。</li><li>theNVIDIA®蓝田3®DPU是第一个为人工智能和加速计算构建的数据处理单元，得到了VMware、Splunk、NetApp、Cloudflare等公司的支持。</li><li>宣布推出新款NVIDIA DGX SuperPOD™，第一台云原生、多租户超级计算机，客户涉及对话式AI、药物发现、自动驾驶汽车等领域。</li><li>宣布其人工智能推理平台通过NVIDIA A30和A10 GPU扩展到主流服务器，在最新发布的MLPerf基准测试中创下了一系列工作负载的人工智能性能的各个类别的记录。</li><li>发布了适用于VMware vSphere的Envidia AI企业软件套件，为一系列应用程序和数据科学实现横向扩展、多节点性能和兼容性。</li><li>推出了NVIDIA Morpheus AIApplication框架，使网络安全提供商能够使用AI和NVIDIA Bluefield DPU即时检测网络违规行为。</li><li>宣布推出交互式对话式人工智能框架NVIDIA Jarvis和NVIDIA Maxine™，一个基于实时视频体验的框架。</li><li>推出NVIDIA TAO，这是一个加速企业人工智能应用程序创建的框架。</li><li>通过NVIDIA Clara Discovery扩大了支持药物开发和发现的工作，宣布与Schrödinger合作，通过人工智能软件支持制药行业，以加快药物发现工作流程。</li></ul><b>专业可视化</b></blockquote></p><p><ul><li>First-quarter revenue was a record $372 million, up 21 percent both from a year earlier and the previous quarter.</li><li>Launched NVIDIA Omniverse™ Enterprisesoftware for real-time 3D design and collaboration, with BMW Group, Foster + Partners and WPP as early customers.</li><li>UnveiledNVIDIA RTX™ GPUsfor next-gen laptop and desktop workstations, including the NVIDIA RTX A4000 and A5000 for desktops and the A2000, A3000, A4000 and A5000 for laptops.</li><li>RevealedGANverse3D, an AI model for creating 3D object models from standard 2D images.</li></ul><b>Automotive</b></p><p><blockquote><ul><li>第一季度收入达到创纪录的3.72亿美元，同比和上一季度均增长21%。</li><li>推出NVIDIA Omniverse™用于实时3D设计和协作的企业软件，宝马集团、Foster+Partners和WPP是早期客户。</li><li>NVIDIA RTX亮相™适用于下一代笔记本电脑和台式机工作站的GPU，包括适用于台式机的NVIDIA RTX A4000和A5000以及适用于笔记本电脑的A2000、A3000、A4000和A5000。</li><li>RevealedGANverse3D，一个用于从标准2D图像创建3D对象模型的人工智能模型。</li></ul><b>汽车的</b></blockquote></p><p><ul><li>First-quarter revenue was $154 million, down 1 percent from a year earlier and up 6 percent from the previous quarter.</li><li>Unveiled NVIDIA DRIVE Atlan™, an AI-enabled processor for autonomous vehicles with 1,000 TOPS and data-center-grade security, targeting automakers’ 2025 vehicles.</li><li>AnnouncedNVIDIA DRIVE Hyperion™ 8, the latest generation of a fully operational, open platform that reduces the time and cost to outfit vehicles with AI and surround sensors.</li><li>Announced thatNVIDIA DRIVE™ will be powering intelligent new energy vehiclesfrom SAIC R Auto, IM Motors, Faraday Future and VinFast, starting in 2022.</li><li>Revealed that Cruise is the latestrobotaxi company selecting NVIDIA DRIVE, following announcements by Amazon Zoox, DiDi (DIDI), Oxbotica, Pony.ai and AutoX.</li><li>Announced thatVolvo Cars will use NVIDIA DRIVE Orin™ to power the autonomous driving computer in its next-generation cars, beginning with the XC90, to be revealed in 2022.</li><li>Announced that theNVIDIA DRIVE platformpowers MBUX Hyperscreen, the AI cockpit in Mercedes-Benz’s new EQS sedan.</li><li>Announced that TuSimple and Navistar will buildself-driving trucks powered by the NVIDIA DRIVE AGX™ platform, and the self-driving truck companyPlus will use NVIDIA DRIVE Orinfor its upcoming autonomous vehicle platform.</li></ul></p><p><blockquote><ul><li>第一季度营收为1.54亿美元，同比下降1%，环比增长6%。</li><li>推出NVIDIA DRIVE Atlan™，一款支持人工智能的自动驾驶汽车处理器，具有1000个TOP和数据中心级安全性，目标是汽车制造商2025年的汽车。</li><li>宣布Nvidia Drive Hyperion™8、最新一代全功能开放平台，可减少为车辆配备人工智能和环绕传感器的时间和成本。</li><li>宣布Nvidia Drive™将从2022年开始为上汽R Auto、IM Motors、法拉第未来和VinFast的智能新能源汽车提供动力。</li><li>据透露，继亚马逊Zoox、滴滴(DIDI)、Oxbotica、小马智行和AutoX发布公告后，Cruise是最新一家选择NVIDIA DRIVE的Strobotaxi公司。</li><li>宣布沃尔沃汽车将使用NVIDIA DRIVE Orin™为其下一代汽车中的自动驾驶计算机提供动力，首先是将于2022年发布的XC90。</li><li>宣布ThenVidia Drive Platform为梅赛德斯-奔驰新款EQS轿车中的人工智能驾驶舱MBUX Hyperscreen提供支持。</li><li>宣布图森未来和纳威司达将制造由NVIDIA DRIVE AGX驱动的自动驾驶卡车™平台，自动驾驶卡车公司Plus将在其即将推出的自动驾驶汽车平台中使用NVIDIA DRIVE ORIN。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198109956","content_text":"(May 27) Nvidia today reported record revenue for the first quarter ended May 2, 2021, of $5.66 billion, up 84 percent from a year earlier and up 13 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.Nvidia Q1 Non-GAAP EPS of $3.66beats by $0.38; GAAP EPS of $3.03beats by $0.51.Revenue of $5.66B (+83.8% Y/Y)beats by $250M.Outlook for the second quarter of fiscal 2022 is as follows:Revenue is expected to be $6.30 billion, plus or minus 2 percent vs. $5.48B consensus.GAAP and non-GAAP gross margins are expected to be 64.6 percent and 66.5 percent, respectively, plus or minus 50 basis points.GAAP and non-GAAP operating expenses are expected to be approximately $1.76 billion and $1.26 billion, respectively.GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $50 million.GAAP and non-GAAP tax rates are both expected to be 10 percent, plus or minus 1 percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter-by-quarter basis.Shares of Nvidia fell nearly 1% in afterhour trading.“We had a fantastic quarter, with strong demand for our products driving record revenue,” saidJensen Huang, founder and CEO of NVIDIA.“Our Data Center (VPN) business continues to expand, as the world’s industries take up NVIDIA AI to process computer vision, conversational AI, natural language understanding and recommender systems. NVIDIA RTX has reinvented computer graphics and is driving upgrades across the gaming and design markets. Our partners are launching the largest-ever wave of NVIDIA-powered laptops. Across industries, the adoption of NVIDIA computing platforms is accelerating.“Mellanox, one year in, has exceeded our expectations and transformed NVIDIA into a data-center-scale computing company. We continue to make headway with our planned acquisition of Arm, which will accelerate innovation and growth for the Arm ecosystem. From gaming, cloud computing, AI, robotics, self-driving cars, to genomics and computational biology, NVIDIA continues to do impactful work to invent a better future,” he said.NVIDIA paid quarterly cash dividends of $99 million in the first quarter. It will pay its next quarterly cash dividend of $0.16 per share on July 1, 2021, to all shareholders of record on June 10, 2021.On May 21, 2021, the company’s board of directors declared a four-for-one split of NVIDIA’s common stock payable in the form of a stock dividend, with the additional shares expected to be distributed on July 19, 2021. The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders on June 3, 2021, to increase the number of authorized shares of common stock from 2 billion to 4 billion.HighlightsNVIDIA achieved progress since its previous earnings announcement in these areas:GamingFirst-quarter revenue was a record $2.76 billion, up 106 percent from a year earlier and up 11 percent from the previous quarter.Broadened the wave of laptops powered by NVIDIA’s second-generation RTX graphics with the launch ofGeForce RTX™ 3060 Laptop GPU systemsstarting at $999, and the announcement ofGeForce®3050 Ti and 3050 Laptop GPU systemsstarting at $799 and aimed at gamers and creators.AcceleratedRTX momentumwith now over 60 games, includingCall of Duty Modern Warfare,Crysis RemasteredandOutriders.Took steps to improve gamers’ access to GeForce GPUs byreducing the Ethereum hash rate on newly manufactured RTX 3080, 3070 and 3060 Ti graphics cards-- which carry a “Lite Hash Rate,” or “LHR,” identifier -- in addition toprevious steps to lower the RTX 3060’s hash rate.Announced thatNVIDIA DLSS is available now in Unreal Engine 4and soon in theUnity game engine.Announced thatNVIDIA Reflex, which reduces system latency, is now incorporated intoCall of Duty Warzone,OverwatchandRainbow Six: Siege.Announced thatGeForce NOW™, now in its second year, has over 10 million members in more than 70 countries and is approaching 1,000 games in its library.Data CenterFirst-quarter revenue was a record $2.05 billion, up 79 percent from a year earlier and up 8 percent from the previous quarter.Hosted its largest-everGPU Technology Conference, virtually, with more than 200,000 registrations from 195 countries, and an opening keynote with over 14 million views.UnveiledNVIDIA Grace™, its first Arm-based data center CPU, designed for giant-scale AI and high performance computing, which will deliver 10x the performance of today’s fastest servers and power theworld’s most powerful AI-capable supercomputerat the Swiss National Supercomputing Centre.Collaborated with Amazon Web Services to deployNVIDIA GPU inferencingthrough GPU-accelerated, AWS Graviton2-based Amazon EC2 instances, enabling GPU-accelerated games to run natively on AWS and allowing greater performance for Arm-based workloads.Unveiled theNVIDIA®BlueField-3®DPU, the first data processing unit built for AI and accelerated computing, with support from VMware, Splunk, NetApp, Cloudflare and others.Announced thenew NVIDIA DGX SuperPOD™, the first cloud-native, multi-tenant supercomputer, with customers in conversational AI, drug discovery, autonomous vehicles and more.Announced that its AI inference platform, expanded withNVIDIA A30 and A10 GPUsfor mainstream servers, set records across every category in the latest release of the MLPerf benchmark for AI performance across a range of workloads.Announced theNVIDIA AI Enterprise software suite for VMware vSphere, enabling scale-out, multi-node performance and compatibility for a range of applications and data science.Introduced theNVIDIA Morpheus AIapplication framework to enable cybersecurity providers to instantly detect cyber breaches using AI and NVIDIA BlueField DPUs.Announced availability ofNVIDIA Jarvis, a framework for interactive conversational AI, andNVIDIA Maxine™, a framework for real-time video-based experiences.UnveiledNVIDIA TAO, a framework for accelerating the creation of enterprise AI applications.Expanded its work supportingdrug development and discovery with NVIDIA Clara Discovery, announcing a partnership with Schrödinger to support the pharmaceutical industry with AI software to speed drug-discovery workflows.Professional VisualizationFirst-quarter revenue was a record $372 million, up 21 percent both from a year earlier and the previous quarter.Launched NVIDIA Omniverse™ Enterprisesoftware for real-time 3D design and collaboration, with BMW Group, Foster + Partners and WPP as early customers.UnveiledNVIDIA RTX™ GPUsfor next-gen laptop and desktop workstations, including the NVIDIA RTX A4000 and A5000 for desktops and the A2000, A3000, A4000 and A5000 for laptops.RevealedGANverse3D, an AI model for creating 3D object models from standard 2D images.AutomotiveFirst-quarter revenue was $154 million, down 1 percent from a year earlier and up 6 percent from the previous quarter.Unveiled NVIDIA DRIVE Atlan™, an AI-enabled processor for autonomous vehicles with 1,000 TOPS and data-center-grade security, targeting automakers’ 2025 vehicles.AnnouncedNVIDIA DRIVE Hyperion™ 8, the latest generation of a fully operational, open platform that reduces the time and cost to outfit vehicles with AI and surround sensors.Announced thatNVIDIA DRIVE™ will be powering intelligent new energy vehiclesfrom SAIC R Auto, IM Motors, Faraday Future and VinFast, starting in 2022.Revealed that Cruise is the latestrobotaxi company selecting NVIDIA DRIVE, following announcements by Amazon Zoox, DiDi (DIDI), Oxbotica, Pony.ai and AutoX.Announced thatVolvo Cars will use NVIDIA DRIVE Orin™ to power the autonomous driving computer in its next-generation cars, beginning with the XC90, to be revealed in 2022.Announced that theNVIDIA DRIVE platformpowers MBUX Hyperscreen, the AI cockpit in Mercedes-Benz’s new EQS sedan.Announced that TuSimple and Navistar will buildself-driving trucks powered by the NVIDIA DRIVE AGX™ platform, and the self-driving truck companyPlus will use NVIDIA DRIVE Orinfor its upcoming autonomous vehicle platform.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132332271,"gmtCreate":1622071679493,"gmtModify":1634184226348,"author":{"id":"3583354561720053","authorId":"3583354561720053","name":"RTRaman","avatar":"https://static.tigerbbs.com/ab6f03b59ce2dedb94eb1ac7878da669","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583354561720053","authorIdStr":"3583354561720053"},"themes":[],"htmlText":"Missed to buy last week [龇牙] ","listText":"Missed to buy last week [龇牙] ","text":"Missed to buy last week [龇牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/132332271","repostId":"1150713912","repostType":4,"repost":{"id":"1150713912","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622016404,"share":"https://www.laohu8.com/m/news/1150713912?lang=zh_CN&edition=full","pubTime":"2021-05-26 16:06","market":"us","language":"en","title":"Li Auto EPS beats by $0.01, beats on revenue<blockquote>理想汽车EPS超过预期0.01美元，营收超过预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150713912","media":"Tiger Newspress","summary":"(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announc","content":"<p>(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p><blockquote>（5月26日）国内新能源汽车市场创新者理想汽车公司（纳斯达克：LI）今日公布截至2021年3月31日的第一季度未经审计财务业绩。</blockquote></p><p><ul><li>Li Q1 Non-GAAP EPS of -$0.03 <b>beats</b> by $0.01; GAAP EPS of -$0.06 <b>misses</b> by $0.05.</li><li>Revenue of $545.7M (+319.8% Y/Y) <b>beats</b> by $42.26M.</li><li>Quarterly total revenues reached RMB3.58 billion (US$545.7 million)1Quarterly deliveries were 12,579 vehicles</li><li>Quarterly gross margin reached 17.3%.</li><li><b>Q2 Outlook</b>: Total revenues to be between RMB3.99B ($609M) and RMB4.27B ($651.7M), consensus $663.51, representing an increase of 104.6% to 119.0% from Q2 2020.</li><li>Deliveries of vehicles to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from Q2 2020.</li></ul><img src=\"https://static.tigerbbs.com/ff735550080b330b011ba4dbd0dedb68\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>Li第一季度非GAAP每股收益为-0.03美元<b>节拍</b>增加0.01美元；GAAP每股收益为-0.06美元<b>未命中</b>0.05美元。</li><li>收入为5.457亿美元（同比增长319.8%）<b>节拍</b>增加了4226万美元。</li><li>季度总收入达到35.8亿元人民币（5.457亿美元）1季度交付量为12,579辆</li><li>季度毛利率达到17.3%。</li><li><b>第二季度展望</b>：总收入将在人民币39.9亿元（6.09亿美元）至人民币42.7亿元（6.517亿美元）之间，市场普遍预期为663.51美元，较2020年第二季度增长104.6%至119.0%。</li><li>汽车交付量将在14,500至15,500辆之间，较2020年第二季度增长119.6%至134.7%。</li></ul></blockquote></p><p><b>Operating Highlights for the First Quarter of 2021</b></p><p><blockquote><b>2021年第一季度经营亮点</b></blockquote></p><p><ul><li>Deliveries of Li ONEs were 12,579 vehicles in the first quarter of 2021, representing a 334.4% year-over-year increase.</li></ul><img src=\"https://static.tigerbbs.com/637a5f62341f333ae7dc2317c883b83a\" tg-width=\"609\" tg-height=\"193\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>2021年第一季度，理想ONE的交付量为12,579辆，同比增长334.4%。</li></ul></blockquote></p><p><ul><li>As of March 31, 2021, the Company had 65 retail stores covering 49 cities and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities.</li></ul><b>Financial Highlights for the First Quarter of 2021</b></p><p><blockquote><ul><li>截至2021年3月31日，该公司拥有65家零售店，覆盖49个城市，135家服务中心以及理想汽车授权的车身和喷漆店在98个城市运营。</li></ul><b>2021年第一季度财务摘要</b></blockquote></p><p><ul><li>Vehicle sales were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020.</li><li>Vehicle margin2was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020.</li><li>Total revenues were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li>Gross profit was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li>Gross margin was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020.</li><li>Loss from operations was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020. Non-GAAP loss from operations3was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li><li>Net loss was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020. Non-GAAP net loss3was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li>Operating cash flow was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li>Free cash flow4was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><img src=\"https://static.tigerbbs.com/de30e1ac5d69693451c6d4e9f4b33061\" tg-width=\"997\" tg-height=\"536\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>2021年第一季度汽车销售额为人民币34.6亿元（5.287亿美元），较2020年第一季度的人民币8.411亿元增长311.8%，较2020年第四季度的人民币40.6亿元下降14.6%。</li><li>2021年第一季度汽车利润率为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。</li><li>2021年第一季度总收入为人民币35.8亿元（5.457亿美元），较2020年第一季度的人民币8.517亿元增长319.8%，较2020年第四季度的人民币41.5亿元下降13.8%2020年。</li><li>2021年第一季度毛利为人民币6.167亿元（9410万美元），较2020年第一季度的人民币6830万元增长802.9%，较2020年第四季度的人民币7.246亿元下降14.9%。</li><li>2021年第一季度毛利率为17.3%，而2020年第一季度为8.0%，2020年第四季度为17.5%。</li><li>2021年第一季度经营亏损为人民币4.077亿元（6220万美元），较2020年第一季度的人民币2.342亿元增长74.1%，较2020年第四季度的人民币7890万元增长416.7%。2021年第一季度非公认会计准则运营亏损3为人民币2.248亿元（3430万美元），较2020年第一季度的人民币2.342亿元下降4.0%，较2020年第一季度的人民币7110万元增长216.2%。2020年第四季度。</li><li>2021年第一季度净亏损为人民币3.6亿元（5490万美元），而2020年第一季度净亏损为人民币7710万元，2020年第四季度净利润为人民币1.075亿元。2021年第一季度非公认会计准则净亏损3为人民币1.77亿元（2700万美元），而2020年第一季度净亏损为人民币2.534亿元，2020年第四季度净利润为人民币1.154亿元。</li><li>2021年第一季度经营现金流为人民币9.263亿元（1.414亿美元），较2020年第一季度负净现金流人民币6300万元增加人民币9.893亿元，较2020年第四季度人民币18.2亿元减少49.1%。</li><li>2021年第一季度的自由现金流量为人民币570.2百万元（87.0百万美元），较2020年第一季度的负现金流量人民币185.2百万元增加人民币755.4百万元，较2020年第四季度的人民币16.0亿元减少64.3%。</li></ul></blockquote></p><p><b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p><ul><li>In April 2021, the Company delivered 5,539 Li ONEs, representing a 111.3% increase compared to April 2020. As of April 30, 2021, the Company had 73 retail stores covering 53 cities, in addition to 143 servicing centers and Li Auto-authorized body and paint shops operating in 105 cities.</li></ul><b>Issuance of Convertible Senior Notes</b></p><p><blockquote><ul><li>于二零二一年四月，本公司交付理想ONE 5,539辆，较二零二零年四月增长111.3%。截至2021年4月30日，该公司拥有73家零售店，覆盖53个城市，此外还有143家服务中心以及理想汽车授权的车身和喷漆店在105个城市运营。</li></ul><b>发行可换股优先票据</b></blockquote></p><p></p><p><ul><li>In April 2021, the Company completed the offering of US$862.5 million in aggregate principal amount of its 0.25% convertible senior notes due 2028 (the “Notes”), which included the exercise in full by the initial purchasers in the Notes offering of their option to purchase up to an additional US$112.5 million in aggregate principal amount of the Notes.</li><li>The Company plans to use the net proceeds from the Notes offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.</li></ul><b>2021 Li ONE</b></p><p><blockquote><ul><li>于二零二一年四月，本公司完成发售本金总额为862.5百万美元于二零二八年到期的0.25%可换股优先票据（“票据”），其中包括票据发售中的初始购买者悉数行使其购买额外最多本金总额为112,500,000美元的票据的选择权。</li><li>公司计划将票据发行所得款项净额用于(i)研发新车型，包括纯电动汽车车型，(ii)研发领先技术，以及(iii)营运资金和其他一般公司用途。</li></ul><b>2021款理想ONE</b></blockquote></p><p><ul><li>On May 25, 2021, the Company officially released the 2021 Li ONE, the first vehicle with Navigation on ADAS (NOA) as a standard configuration in the world. It features comprehensive upgrades, including an enhanced NEDC range of 1,080 kilometers, optimized mobility comfort, and more intelligent cockpit, bringing premium features to users at a flat retail price of RMB338,000. Deliveries of the 2021 Li ONE will commence on June 1, 2021.</li><li>With software and hardware optimization and its integrated powertrain system, the 2021 Li ONE can achieve an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in fuel mode is 6.05 liter per 100 kilometers based on the NEDC standard operational condition, best in class among large-sized four-wheel drive SUVs.</li></ul><b>CEO and CFO Comments</b></p><p><blockquote><ul><li>2021年5月25日，公司正式发布2021款理想ONE，这是全球首款将ADAS导航（NOA）作为标准配置的车辆。它进行了全面升级，包括增强的NEDC续航里程1,080公里、优化的移动舒适性和更智能的座舱，以人民币33.8万元的统一零售价为用户带来优质功能。2021款Li ONE将于2021年6月1日开始交付。</li><li>凭借软硬件优化及其集成的动力总成系统，2021款理想ONE可实现1080公里的NEDC续航和890公里的WLTC续航。其燃油模式下的能效在NEDC标准工况下为百公里6.05升，在大尺寸四驱SUV中属于同级最佳。</li></ul><b>首席执行官和首席财务官评论</b></blockquote></p><p>Mr.Xiang Li, founder, chairman, and chief executive officer of Li Auto, commented, “We delivered 12,579 Li ONEs during the quarter, up 334.4% year over year. Li ONE was the second best-selling new energy SUV inChinain the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.</p><p><blockquote>理想汽车创始人、董事长兼首席执行官李翔先生表示：“本季度我们交付了12,579辆理想ONE，同比增长334.4%。理想ONE是中国第二畅销的新能源SUV第一季度，我们引人注目的产品供应和卓越的用户体验继续取悦用户并提高品牌知名度，而我们直销和服务网络的坚定支持支撑了我们的增长。</blockquote></p><p>“On May 25, we released our 2021 Li ONE. The model has elevated the extended range electric technology to a brand-new level, achieving an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in the fuel mode takes consumption as low as 6.05 liter per 100 kilometers based on the NEDC standard operational condition, a level that is unparalleled among large-sized four-wheel drive SUVs. I am very proud of our R&D team’s successful efforts to improve the range-extended technology.</p><p><blockquote>“5月25日，我们发布了2021款理想ONE，该车型将增程电动技术提升到了一个全新的高度，实现了1080公里的NEDC续航和890公里的WLTC续航，其燃油模式下的能效以NEDC标准工况计算百公里油耗低至6.05升，这一水平在大尺寸四驱SUV中无与伦比。我对我们研发团队成功改进增程技术感到非常自豪。</blockquote></p><p>“The 2021 Li ONE is the first model in the world offering Navigation on ADAS in a standard configuration. Combining our self-developed ADAS with dedicated dual Horizon Robotics Journey 3 processors, an 8-megapixel front-view camera, 5 latest millimeter-wave radars, and high-definition maps, the 2021 Li ONE delivers a safer, easier, and more convenient driving experience, echoing our belief that active safety should be standard, not optional features.</p><p><blockquote>“2021款Li ONE是全球首款在标准配置中提供ADAS导航的车型。将我们自主开发的ADAS与专用双Horizon Robotics Journey 3处理器、800万像素前视摄像头、5个最新毫米波雷达和高清地图相结合，2021款Li ONE提供了更安全、更轻松、更便捷的驾驶体验，呼应了我们的信念，即主动安全应该是标准配置，而不是可选功能。</blockquote></p><p>“Li ONE has been well loved by family users for its spacious six-seat interior layout. And the 2021 Li ONE enhances its excellence in space, comfort, and intelligence by equipping the front and second row seats with lumbar massage functions, increasing the leg room in the third row by 41 millimeters, while also featuring a smarter in-car voice assistant ‘LiXiang Tong Xue(理想同学),’ providing a high caliber and overall more comfortable, roomier, and more intelligent space for more families.</p><p><blockquote>“理想ONE以其宽敞的六座内部布局深受家庭用户的喜爱。而2021款理想ONE通过在前二排座椅配备腰部按摩功能，提升了其在空间、舒适、智能方面的卓越表现，第三排腿部空间增加了41毫米，同时还配备了更智能的车载语音助手‘理想同学’，为更多家庭提供了高品质、整体更舒适、更宽敞、更智能的空间。</blockquote></p><p>“Is it possible to build a smart electric vehicle that makes families happier? With the 2021 Li ONE, we can confidently say yes, a resounding yes!” concludedMr. Li.</p><p><blockquote>“有没有可能打造一款让家庭更幸福的智能电动车？有了2021款理想ONE，我们可以自信地说yes，响亮的yes！”先生总结道。李。</blockquote></p><p>Mr.Tie Li, chief financial officer of Li Auto, added, “We are pleased with our healthy financial performance during the first quarter. Our total revenues reached RMB3.58 billion, more than quadrupling from the first quarter of 2020 and exceeding the top end of our revenue guidance by 11.2%, while our gross margin stayed robust at 17.3%. Amid our ongoing efforts to enhance investment in R&D as well as our direct sales and servicing network, operating expenses increased 27.5% quarter-over-quarter and 238.6% year-over-year. We also raised over US$840 million in net proceeds through our successful convertible senior notes offering, strengthening our capital base for future growth as we increase our R&D investments in leading technologies, prepare for new model launches, and gear up for further increases in demand.”</p><p><blockquote>理想汽车首席财务官李铁先生补充道：“我们对第一季度健康的财务表现感到满意。我们的总收入达到人民币35.8亿元，比2020年第一季度增长了四倍多，超过了收入指导的上限11.2%，而我们的毛利率保持在17.3%的强劲水平。由于我们不断努力加大对研发以及直销和服务网络的投资，运营费用环比增长27.5%，同比增长238.6%。我们还通过成功发行可转换优先票据筹集了超过8.4亿美元的净收益，随着我们增加对领先技术的研发投资、为新车型推出做好准备以及为需求的进一步增长做好准备，我们增强了未来增长的资本基础。”</blockquote></p><p><b><u>Financial Results for the First Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第一季度财务业绩</u></b></blockquote></p><p><b>Revenues</b></p><p><blockquote><b>收入</b></blockquote></p><p></p><p><ul><li><b>Total revenues</b>were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li><b>Vehicle sales</b>were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020. The increase in revenue from vehicle sales over the first quarter of 2020 was mainly attributable to the increase in vehicle deliveries with the continuous expansion of our sales network. The decrease in revenue from vehicle sales from the fourth quarter of 2020 was mainly attributable to the decrease in vehicle deliveries, which were affected by seasonal factors related to the Chinese New Year holiday as well as the localized COVID-19 outbreaks in the northern China in February 2021.</li><li><b>Other sales and services</b>were RMB111.5 million (US$17.0 million) in the first quarter of 2021, representing an increase of 951.9% from RMB10.6 million in the first quarter of 2020 and an increase of 25.0% from RMB89.2 million in the fourth quarter of 2020. The increase in revenue from other sales and services over the first and fourth quarter of 2020 was mainly attributable to increased sales of charging stalls, accessories and services in line with higher accumulated vehicle sales.</li></ul><b>Cost of Sales and Gross Margin</b></p><p><blockquote><ul><li><b>总收入</b>2021年第一季度为人民币35.8亿元（5.457亿美元），较2020年第一季度的人民币8.517亿元增长319.8%，较2020年第四季度的人民币41.5亿元下降13.8%。</li><li><b>车辆销售</b>2021年第一季度为人民币34.6亿元（5.287亿美元），较2020年第一季度的人民币8.411亿元增长311.8%，较2020年第四季度的人民币40.6亿元下降14.6%。汽车销售收入较二零二零年第一季度增加，主要是由于我们销售网络不断扩大，汽车交付量增加。汽车销售收入较二零二零年第四季度减少，主要由于受农历新年假期相关季节性因素以及二零二一年二月中国北方局部爆发COVID-19疫情影响，汽车交付量减少。</li><li><b>其他销售及服务</b>2021年第一季度为人民币111.5百万元（1700万美元），较2020年第一季度的人民币1060万元增长951.9%，较2020年第四季度的人民币8920万元增长25.0%。其他销售及服务收入较二零二零年第一及第四季度增加，主要由于充电站、配件及服务的销售增加，与较高的累计汽车销量一致。</li></ul><b>销售成本及毛利率</b></blockquote></p><p><ul><li><b>Cost of sales</b>was RMB2.96 billion (US$451.6 million) in the first quarter of 2021, representing an increase of 277.6% from RMB783.4 million in the first quarter of 2020 and a decrease of 13.5% from RMB3.42 billion in the fourth quarter of 2020.</li><li><b>Gross profit</b>was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB 68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li><b>Vehicle margin</b>was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020. The increase in vehicle margin over the first quarter of 2020 was primarily attributable to lower material cost and lower unit manufacturing overhead cost derived from the increased production volume. The slight decrease in vehicle margin from the fourth quarter of 2020 was primarily due to lower average selling price caused by promotional activities launched in the first quarter of 2021, partially offset by the decreased material cost.</li><li><b>Gross margin</b>was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020, which was mainly driven by the change of vehicle margin.</li></ul><b>Operating Expenses</b></p><p><blockquote><ul><li><b>销售成本</b>2021年第一季度为人民币29.6亿元（4.516亿美元），较2020年第一季度的人民币7.834亿元增长277.6%，较2020年第四季度的人民币34.2亿元下降13.5%。</li><li><b>毛利</b>2021年第一季度为人民币6.167亿元（9410万美元），较2020年第一季度的人民币6830万元增长802.9%，较2020年第四季度的人民币7.246亿元下降14.9%。</li><li><b>车辆余量</b>为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。汽车利润率较2020年第一季度的增长主要归因于产量增加带来的材料成本降低和单位制造间接成本降低。汽车利润率较2020年第四季度略有下降，主要是由于2021年第一季度推出的促销活动导致平均售价下降，部分被材料成本下降所抵消。</li><li><b>毛利率</b>2021年第一季度为17.3%，而2020年第一季度为8.0%，2020年第四季度为17.5%，主要受车辆利润率变化所推动。</li></ul><b>营业费用</b></blockquote></p><p></p><p><ul><li><b>Operating expenses</b>were RMB1.02 billion (US$156.4 million) in the first quarter of 2021, representing an increase of 238.6% from RMB302.5 million in the first quarter of 2020 and an increase of 27.5% from RMB803.5 million in the fourth quarter of 2020.</li><li><b>Research and development expenses</b>were RMB514.5 million (US$78.5 million) in the first quarter of 2021, representing an increase of 171.2% from RMB189.7 million in the first quarter of 2020 and an increase of 37.5% from RMB374.2 million in the fourth quarter of 2020.<b>Non-GAAP research and development expenses</b>3were RMB397.9 million (US$60.7 million) in the first quarter of 2021, representing an increase of 109.8% from RMB189.7 million in the first quarter of 2020 and an increase of 7.8% from RMB369.1 million in the fourth quarter of 2020. The increase in research and development expenses over the first and fourth quarter of 2020 was primarily attributable to (i) increased share-based compensation expenses derived from incremental share options granted with higher fair value in January 2021 while no share-based compensation expenses were recognized for stock options with service conditions and a performance condition related to our IPO in the first quarter of 2020, (ii) increased research and development activities for the Company’s next vehicle models, and (iii) increased headcount.</li><li><b>Selling, general and administrative expenses</b>were RMB509.9 million (US$77.8 million) in the first quarter of 2021, representing an increase of 352.0% from RMB112.8 million in the first quarter of 2020 and an increase of 18.8% from RMB429.3 million in the fourth quarter of 2020.<b>Non-GAAP selling, general and administrative expenses</b>3were RMB449.8 million (US$68.7 million) in the first quarter of 2021, representing an increase of 298.8% from RMB112.8 million in the first quarter of 2020 and an increase of 5.4% from RMB426.8 million in the fourth quarter of 2020. The increase in selling, general and administrative expenses over the first and fourth quarter of 2020 was primarily driven by (i) increased marketing and promotional activities, (ii) increased headcount and rental expenses with the expansion of the Company’s sales network, and (iii) increased share-based compensation expenses.</li></ul><b>Loss from Operations</b></p><p><blockquote><ul><li><b>营业费用</b>2021年第一季度为人民币10.2亿元（1.564亿美元），较2020年第一季度的人民币3.025亿元增长238.6%，较2020年第四季度的人民币8.035亿元增长27.5%。</li><li><b>研发费用</b>2021年第一季度为人民币5.145亿元（7850万美元），较2020年第一季度的人民币1.897亿元增长171.2%，较2020年第四季度的人民币3.742亿元增长37.5%。<b>非公认会计准则研发费用</b>32021年第一季度为人民币3.979亿元（6070万美元），较2020年第一季度的人民币1.897亿元增长109.8%，较2020年第四季度的人民币3.691亿元增长7.8%。2020年第一季度和第四季度研发费用的增加主要归因于（i）2021年1月授予的公允价值较高的增量购股权产生的以股份为基础的薪酬费用增加，而没有确认以股份为基础的薪酬费用对于2020年第一季度具有服务条件和与我们的IPO相关的绩效条件的股票期权，（ii）公司下一代车型的研发活动增加，以及（iii）员工人数增加。</li><li><b>销售、一般及行政开支</b>2021年第一季度为人民币5.099亿元（7780万美元），较2020年第一季度的人民币1.128亿元增长352.0%，较2020年第四季度的人民币4.293亿元增长18.8%。<b>非公认会计准则销售、一般和管理费用</b>2021年第一季度为人民币4.498亿元（6870万美元），较2020年第一季度的人民币1.128亿元增长298.8%，较2020年第四季度的人民币4.268亿元增长5.4%。2020年第一季度和第四季度销售、一般和管理费用的增加主要是由于(i)营销和促销活动的增加，(ii)随着公司销售网络的扩张，员工人数和租金费用增加，以及(iii)以股份为基础的薪酬费用增加。</li></ul><b>经营亏损</b></blockquote></p><p><ul><li><b>Loss from operations</b>was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020.<b>Non-GAAP loss from operations</b>was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li></ul><b>Net Loss and Earnings Per Share</b></p><p><blockquote><ul><li><b>经营亏损</b>2021年第一季度为人民币4.077亿元（6220万美元），较2020年第一季度的人民币2.342亿元增长74.1%，较2020年第四季度的人民币7890万元增长416.7%。<b>非公认会计准则运营损失</b>2021年第一季度为人民币2.248亿元（3430万美元），较2020年第一季度的人民币2.342亿元下降4.0%，较2020年第四季度的人民币7110万元增长216.2%。</li></ul><b>每股净亏损及盈利</b></blockquote></p><p><ul><li><b>Net loss</b>was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020.<b>Non-GAAP net loss</b>was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li><b>Basic and diluted net loss per ADS6attributable to ordinary shareholders</b>were both RMB0.40 (US$0.06) in the first quarter of 2021.<b>Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders</b>3were both RMB0.20 (US$0.03) in the first quarter of 2021.</li></ul><b>Cash position, Operating Cash Flow and Free Cash Flow</b></p><p><blockquote><ul><li><b>净亏损</b>2021年第一季度净利润为人民币3.6亿元（5490万美元），而2020年第一季度净亏损为人民币7710万元，2020年第四季度净利润为人民币1.075亿元。<b>非公认会计准则净亏损</b>2021年第一季度净利润为人民币1.77亿元（2700万美元），而2020年第一季度净亏损为人民币2.534亿元，2020年第四季度净利润为人民币1.154亿元。</li><li><b>普通股股东应佔每股美国存讬股份基本及摊薄亏损净额6</b>2021年第一季度均为人民币0.40元（0.06美元）。<b>非公认会计准则归属于普通股股东的每股美国存托凭证基本和摊薄净亏损</b>2021年第一季度均为人民币0.20元（0.03美元）。</li></ul><b>现金状况、经营现金流和自由现金流</b></blockquote></p><p><ul><li><b>Balance of cash and cash equivalents, restricted cash, time deposits and short-term investments</b>was RMB30.36 billion (US$4.63 billion) as of March 31, 2021.</li><li><b>Operating cash flow</b>was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li><b>Free cash flow</b>was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>现金及现金等价物、受限制现金、定期存款和短期投资余额</b>截至2021年3月31日为人民币303.6亿元（46.3亿美元）。</li><li><b>经营现金流量</b>2021年第一季度为人民币9.263亿元（1.414亿美元），较2020年第一季度负净现金流人民币6300万元增加人民币9.893亿元，较2020年第一季度的人民币18.2亿元减少49.1%2020年第四季度。</li><li><b>自由现金流</b>2021年第一季度为人民币5.702亿元（8700万美元），较2020年第一季度的负净现金流人民币1.852亿元增加人民币7.554亿元，较2020年第一季度的人民币16.0亿元减少64.3%。2020年第四季度。</li></ul><b><u>业务展望</u></b></blockquote></p><p>For the second quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第二季度，公司预计：</blockquote></p><p></p><p><ul><li><b>Deliveries of vehicles</b>to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from the second quarter of 2020.</li><li><b>Total revenues</b>to be between RMB3.99 billion (US$609.0 million) and RMB4.27 billion (US$651.7 million), representing an increase of 104.6% to 119.0% from the second quarter of 2020.</li></ul>This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.</p><p><blockquote><ul><li><b>车辆交付</b>在14,500辆至15,500辆之间，较2020年第二季度增长119.6%至134.7%。</li><li><b>总收入</b>将在人民币39.9亿元（6.090亿美元）至人民币42.7亿元（6.517亿美元）之间，较2020年第二季度增长104.6%至119.0%。</li></ul>本业务展望反映了公司对业务状况和市场状况的当前和初步看法，可能会发生变化。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto EPS beats by $0.01, beats on revenue<blockquote>理想汽车EPS超过预期0.01美元，营收超过预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLi Auto EPS beats by $0.01, beats on revenue<blockquote>理想汽车EPS超过预期0.01美元，营收超过预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-26 16:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p><blockquote>（5月26日）国内新能源汽车市场创新者理想汽车公司（纳斯达克：LI）今日公布截至2021年3月31日的第一季度未经审计财务业绩。</blockquote></p><p><ul><li>Li Q1 Non-GAAP EPS of -$0.03 <b>beats</b> by $0.01; GAAP EPS of -$0.06 <b>misses</b> by $0.05.</li><li>Revenue of $545.7M (+319.8% Y/Y) <b>beats</b> by $42.26M.</li><li>Quarterly total revenues reached RMB3.58 billion (US$545.7 million)1Quarterly deliveries were 12,579 vehicles</li><li>Quarterly gross margin reached 17.3%.</li><li><b>Q2 Outlook</b>: Total revenues to be between RMB3.99B ($609M) and RMB4.27B ($651.7M), consensus $663.51, representing an increase of 104.6% to 119.0% from Q2 2020.</li><li>Deliveries of vehicles to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from Q2 2020.</li></ul><img src=\"https://static.tigerbbs.com/ff735550080b330b011ba4dbd0dedb68\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>Li第一季度非GAAP每股收益为-0.03美元<b>节拍</b>增加0.01美元；GAAP每股收益为-0.06美元<b>未命中</b>0.05美元。</li><li>收入为5.457亿美元（同比增长319.8%）<b>节拍</b>增加了4226万美元。</li><li>季度总收入达到35.8亿元人民币（5.457亿美元）1季度交付量为12,579辆</li><li>季度毛利率达到17.3%。</li><li><b>第二季度展望</b>：总收入将在人民币39.9亿元（6.09亿美元）至人民币42.7亿元（6.517亿美元）之间，市场普遍预期为663.51美元，较2020年第二季度增长104.6%至119.0%。</li><li>汽车交付量将在14,500至15,500辆之间，较2020年第二季度增长119.6%至134.7%。</li></ul></blockquote></p><p><b>Operating Highlights for the First Quarter of 2021</b></p><p><blockquote><b>2021年第一季度经营亮点</b></blockquote></p><p><ul><li>Deliveries of Li ONEs were 12,579 vehicles in the first quarter of 2021, representing a 334.4% year-over-year increase.</li></ul><img src=\"https://static.tigerbbs.com/637a5f62341f333ae7dc2317c883b83a\" tg-width=\"609\" tg-height=\"193\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>2021年第一季度，理想ONE的交付量为12,579辆，同比增长334.4%。</li></ul></blockquote></p><p><ul><li>As of March 31, 2021, the Company had 65 retail stores covering 49 cities and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities.</li></ul><b>Financial Highlights for the First Quarter of 2021</b></p><p><blockquote><ul><li>截至2021年3月31日，该公司拥有65家零售店，覆盖49个城市，135家服务中心以及理想汽车授权的车身和喷漆店在98个城市运营。</li></ul><b>2021年第一季度财务摘要</b></blockquote></p><p><ul><li>Vehicle sales were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020.</li><li>Vehicle margin2was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020.</li><li>Total revenues were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li>Gross profit was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li>Gross margin was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020.</li><li>Loss from operations was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020. Non-GAAP loss from operations3was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li><li>Net loss was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020. Non-GAAP net loss3was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li>Operating cash flow was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li>Free cash flow4was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><img src=\"https://static.tigerbbs.com/de30e1ac5d69693451c6d4e9f4b33061\" tg-width=\"997\" tg-height=\"536\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>2021年第一季度汽车销售额为人民币34.6亿元（5.287亿美元），较2020年第一季度的人民币8.411亿元增长311.8%，较2020年第四季度的人民币40.6亿元下降14.6%。</li><li>2021年第一季度汽车利润率为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。</li><li>2021年第一季度总收入为人民币35.8亿元（5.457亿美元），较2020年第一季度的人民币8.517亿元增长319.8%，较2020年第四季度的人民币41.5亿元下降13.8%2020年。</li><li>2021年第一季度毛利为人民币6.167亿元（9410万美元），较2020年第一季度的人民币6830万元增长802.9%，较2020年第四季度的人民币7.246亿元下降14.9%。</li><li>2021年第一季度毛利率为17.3%，而2020年第一季度为8.0%，2020年第四季度为17.5%。</li><li>2021年第一季度经营亏损为人民币4.077亿元（6220万美元），较2020年第一季度的人民币2.342亿元增长74.1%，较2020年第四季度的人民币7890万元增长416.7%。2021年第一季度非公认会计准则运营亏损3为人民币2.248亿元（3430万美元），较2020年第一季度的人民币2.342亿元下降4.0%，较2020年第一季度的人民币7110万元增长216.2%。2020年第四季度。</li><li>2021年第一季度净亏损为人民币3.6亿元（5490万美元），而2020年第一季度净亏损为人民币7710万元，2020年第四季度净利润为人民币1.075亿元。2021年第一季度非公认会计准则净亏损3为人民币1.77亿元（2700万美元），而2020年第一季度净亏损为人民币2.534亿元，2020年第四季度净利润为人民币1.154亿元。</li><li>2021年第一季度经营现金流为人民币9.263亿元（1.414亿美元），较2020年第一季度负净现金流人民币6300万元增加人民币9.893亿元，较2020年第四季度人民币18.2亿元减少49.1%。</li><li>2021年第一季度的自由现金流量为人民币570.2百万元（87.0百万美元），较2020年第一季度的负现金流量人民币185.2百万元增加人民币755.4百万元，较2020年第四季度的人民币16.0亿元减少64.3%。</li></ul></blockquote></p><p><b>Deliveries Update</b></p><p><blockquote><b>交付更新</b></blockquote></p><p><ul><li>In April 2021, the Company delivered 5,539 Li ONEs, representing a 111.3% increase compared to April 2020. As of April 30, 2021, the Company had 73 retail stores covering 53 cities, in addition to 143 servicing centers and Li Auto-authorized body and paint shops operating in 105 cities.</li></ul><b>Issuance of Convertible Senior Notes</b></p><p><blockquote><ul><li>于二零二一年四月，本公司交付理想ONE 5,539辆，较二零二零年四月增长111.3%。截至2021年4月30日，该公司拥有73家零售店，覆盖53个城市，此外还有143家服务中心以及理想汽车授权的车身和喷漆店在105个城市运营。</li></ul><b>发行可换股优先票据</b></blockquote></p><p></p><p><ul><li>In April 2021, the Company completed the offering of US$862.5 million in aggregate principal amount of its 0.25% convertible senior notes due 2028 (the “Notes”), which included the exercise in full by the initial purchasers in the Notes offering of their option to purchase up to an additional US$112.5 million in aggregate principal amount of the Notes.</li><li>The Company plans to use the net proceeds from the Notes offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.</li></ul><b>2021 Li ONE</b></p><p><blockquote><ul><li>于二零二一年四月，本公司完成发售本金总额为862.5百万美元于二零二八年到期的0.25%可换股优先票据（“票据”），其中包括票据发售中的初始购买者悉数行使其购买额外最多本金总额为112,500,000美元的票据的选择权。</li><li>公司计划将票据发行所得款项净额用于(i)研发新车型，包括纯电动汽车车型，(ii)研发领先技术，以及(iii)营运资金和其他一般公司用途。</li></ul><b>2021款理想ONE</b></blockquote></p><p><ul><li>On May 25, 2021, the Company officially released the 2021 Li ONE, the first vehicle with Navigation on ADAS (NOA) as a standard configuration in the world. It features comprehensive upgrades, including an enhanced NEDC range of 1,080 kilometers, optimized mobility comfort, and more intelligent cockpit, bringing premium features to users at a flat retail price of RMB338,000. Deliveries of the 2021 Li ONE will commence on June 1, 2021.</li><li>With software and hardware optimization and its integrated powertrain system, the 2021 Li ONE can achieve an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in fuel mode is 6.05 liter per 100 kilometers based on the NEDC standard operational condition, best in class among large-sized four-wheel drive SUVs.</li></ul><b>CEO and CFO Comments</b></p><p><blockquote><ul><li>2021年5月25日，公司正式发布2021款理想ONE，这是全球首款将ADAS导航（NOA）作为标准配置的车辆。它进行了全面升级，包括增强的NEDC续航里程1,080公里、优化的移动舒适性和更智能的座舱，以人民币33.8万元的统一零售价为用户带来优质功能。2021款Li ONE将于2021年6月1日开始交付。</li><li>凭借软硬件优化及其集成的动力总成系统，2021款理想ONE可实现1080公里的NEDC续航和890公里的WLTC续航。其燃油模式下的能效在NEDC标准工况下为百公里6.05升，在大尺寸四驱SUV中属于同级最佳。</li></ul><b>首席执行官和首席财务官评论</b></blockquote></p><p>Mr.Xiang Li, founder, chairman, and chief executive officer of Li Auto, commented, “We delivered 12,579 Li ONEs during the quarter, up 334.4% year over year. Li ONE was the second best-selling new energy SUV inChinain the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.</p><p><blockquote>理想汽车创始人、董事长兼首席执行官李翔先生表示：“本季度我们交付了12,579辆理想ONE，同比增长334.4%。理想ONE是中国第二畅销的新能源SUV第一季度，我们引人注目的产品供应和卓越的用户体验继续取悦用户并提高品牌知名度，而我们直销和服务网络的坚定支持支撑了我们的增长。</blockquote></p><p>“On May 25, we released our 2021 Li ONE. The model has elevated the extended range electric technology to a brand-new level, achieving an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in the fuel mode takes consumption as low as 6.05 liter per 100 kilometers based on the NEDC standard operational condition, a level that is unparalleled among large-sized four-wheel drive SUVs. I am very proud of our R&D team’s successful efforts to improve the range-extended technology.</p><p><blockquote>“5月25日，我们发布了2021款理想ONE，该车型将增程电动技术提升到了一个全新的高度，实现了1080公里的NEDC续航和890公里的WLTC续航，其燃油模式下的能效以NEDC标准工况计算百公里油耗低至6.05升，这一水平在大尺寸四驱SUV中无与伦比。我对我们研发团队成功改进增程技术感到非常自豪。</blockquote></p><p>“The 2021 Li ONE is the first model in the world offering Navigation on ADAS in a standard configuration. Combining our self-developed ADAS with dedicated dual Horizon Robotics Journey 3 processors, an 8-megapixel front-view camera, 5 latest millimeter-wave radars, and high-definition maps, the 2021 Li ONE delivers a safer, easier, and more convenient driving experience, echoing our belief that active safety should be standard, not optional features.</p><p><blockquote>“2021款Li ONE是全球首款在标准配置中提供ADAS导航的车型。将我们自主开发的ADAS与专用双Horizon Robotics Journey 3处理器、800万像素前视摄像头、5个最新毫米波雷达和高清地图相结合，2021款Li ONE提供了更安全、更轻松、更便捷的驾驶体验，呼应了我们的信念，即主动安全应该是标准配置，而不是可选功能。</blockquote></p><p>“Li ONE has been well loved by family users for its spacious six-seat interior layout. And the 2021 Li ONE enhances its excellence in space, comfort, and intelligence by equipping the front and second row seats with lumbar massage functions, increasing the leg room in the third row by 41 millimeters, while also featuring a smarter in-car voice assistant ‘LiXiang Tong Xue(理想同学),’ providing a high caliber and overall more comfortable, roomier, and more intelligent space for more families.</p><p><blockquote>“理想ONE以其宽敞的六座内部布局深受家庭用户的喜爱。而2021款理想ONE通过在前二排座椅配备腰部按摩功能，提升了其在空间、舒适、智能方面的卓越表现，第三排腿部空间增加了41毫米，同时还配备了更智能的车载语音助手‘理想同学’，为更多家庭提供了高品质、整体更舒适、更宽敞、更智能的空间。</blockquote></p><p>“Is it possible to build a smart electric vehicle that makes families happier? With the 2021 Li ONE, we can confidently say yes, a resounding yes!” concludedMr. Li.</p><p><blockquote>“有没有可能打造一款让家庭更幸福的智能电动车？有了2021款理想ONE，我们可以自信地说yes，响亮的yes！”先生总结道。李。</blockquote></p><p>Mr.Tie Li, chief financial officer of Li Auto, added, “We are pleased with our healthy financial performance during the first quarter. Our total revenues reached RMB3.58 billion, more than quadrupling from the first quarter of 2020 and exceeding the top end of our revenue guidance by 11.2%, while our gross margin stayed robust at 17.3%. Amid our ongoing efforts to enhance investment in R&D as well as our direct sales and servicing network, operating expenses increased 27.5% quarter-over-quarter and 238.6% year-over-year. We also raised over US$840 million in net proceeds through our successful convertible senior notes offering, strengthening our capital base for future growth as we increase our R&D investments in leading technologies, prepare for new model launches, and gear up for further increases in demand.”</p><p><blockquote>理想汽车首席财务官李铁先生补充道：“我们对第一季度健康的财务表现感到满意。我们的总收入达到人民币35.8亿元，比2020年第一季度增长了四倍多，超过了收入指导的上限11.2%，而我们的毛利率保持在17.3%的强劲水平。由于我们不断努力加大对研发以及直销和服务网络的投资，运营费用环比增长27.5%，同比增长238.6%。我们还通过成功发行可转换优先票据筹集了超过8.4亿美元的净收益，随着我们增加对领先技术的研发投资、为新车型推出做好准备以及为需求的进一步增长做好准备，我们增强了未来增长的资本基础。”</blockquote></p><p><b><u>Financial Results for the First Quarter of 2021</u></b></p><p><blockquote><b><u>2021年第一季度财务业绩</u></b></blockquote></p><p><b>Revenues</b></p><p><blockquote><b>收入</b></blockquote></p><p></p><p><ul><li><b>Total revenues</b>were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li><b>Vehicle sales</b>were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020. The increase in revenue from vehicle sales over the first quarter of 2020 was mainly attributable to the increase in vehicle deliveries with the continuous expansion of our sales network. The decrease in revenue from vehicle sales from the fourth quarter of 2020 was mainly attributable to the decrease in vehicle deliveries, which were affected by seasonal factors related to the Chinese New Year holiday as well as the localized COVID-19 outbreaks in the northern China in February 2021.</li><li><b>Other sales and services</b>were RMB111.5 million (US$17.0 million) in the first quarter of 2021, representing an increase of 951.9% from RMB10.6 million in the first quarter of 2020 and an increase of 25.0% from RMB89.2 million in the fourth quarter of 2020. The increase in revenue from other sales and services over the first and fourth quarter of 2020 was mainly attributable to increased sales of charging stalls, accessories and services in line with higher accumulated vehicle sales.</li></ul><b>Cost of Sales and Gross Margin</b></p><p><blockquote><ul><li><b>总收入</b>2021年第一季度为人民币35.8亿元（5.457亿美元），较2020年第一季度的人民币8.517亿元增长319.8%，较2020年第四季度的人民币41.5亿元下降13.8%。</li><li><b>车辆销售</b>2021年第一季度为人民币34.6亿元（5.287亿美元），较2020年第一季度的人民币8.411亿元增长311.8%，较2020年第四季度的人民币40.6亿元下降14.6%。汽车销售收入较二零二零年第一季度增加，主要是由于我们销售网络不断扩大，汽车交付量增加。汽车销售收入较二零二零年第四季度减少，主要由于受农历新年假期相关季节性因素以及二零二一年二月中国北方局部爆发COVID-19疫情影响，汽车交付量减少。</li><li><b>其他销售及服务</b>2021年第一季度为人民币111.5百万元（1700万美元），较2020年第一季度的人民币1060万元增长951.9%，较2020年第四季度的人民币8920万元增长25.0%。其他销售及服务收入较二零二零年第一及第四季度增加，主要由于充电站、配件及服务的销售增加，与较高的累计汽车销量一致。</li></ul><b>销售成本及毛利率</b></blockquote></p><p><ul><li><b>Cost of sales</b>was RMB2.96 billion (US$451.6 million) in the first quarter of 2021, representing an increase of 277.6% from RMB783.4 million in the first quarter of 2020 and a decrease of 13.5% from RMB3.42 billion in the fourth quarter of 2020.</li><li><b>Gross profit</b>was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB 68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li><b>Vehicle margin</b>was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020. The increase in vehicle margin over the first quarter of 2020 was primarily attributable to lower material cost and lower unit manufacturing overhead cost derived from the increased production volume. The slight decrease in vehicle margin from the fourth quarter of 2020 was primarily due to lower average selling price caused by promotional activities launched in the first quarter of 2021, partially offset by the decreased material cost.</li><li><b>Gross margin</b>was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020, which was mainly driven by the change of vehicle margin.</li></ul><b>Operating Expenses</b></p><p><blockquote><ul><li><b>销售成本</b>2021年第一季度为人民币29.6亿元（4.516亿美元），较2020年第一季度的人民币7.834亿元增长277.6%，较2020年第四季度的人民币34.2亿元下降13.5%。</li><li><b>毛利</b>2021年第一季度为人民币6.167亿元（9410万美元），较2020年第一季度的人民币6830万元增长802.9%，较2020年第四季度的人民币7.246亿元下降14.9%。</li><li><b>车辆余量</b>为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。汽车利润率较2020年第一季度的增长主要归因于产量增加带来的材料成本降低和单位制造间接成本降低。汽车利润率较2020年第四季度略有下降，主要是由于2021年第一季度推出的促销活动导致平均售价下降，部分被材料成本下降所抵消。</li><li><b>毛利率</b>2021年第一季度为17.3%，而2020年第一季度为8.0%，2020年第四季度为17.5%，主要受车辆利润率变化所推动。</li></ul><b>营业费用</b></blockquote></p><p></p><p><ul><li><b>Operating expenses</b>were RMB1.02 billion (US$156.4 million) in the first quarter of 2021, representing an increase of 238.6% from RMB302.5 million in the first quarter of 2020 and an increase of 27.5% from RMB803.5 million in the fourth quarter of 2020.</li><li><b>Research and development expenses</b>were RMB514.5 million (US$78.5 million) in the first quarter of 2021, representing an increase of 171.2% from RMB189.7 million in the first quarter of 2020 and an increase of 37.5% from RMB374.2 million in the fourth quarter of 2020.<b>Non-GAAP research and development expenses</b>3were RMB397.9 million (US$60.7 million) in the first quarter of 2021, representing an increase of 109.8% from RMB189.7 million in the first quarter of 2020 and an increase of 7.8% from RMB369.1 million in the fourth quarter of 2020. The increase in research and development expenses over the first and fourth quarter of 2020 was primarily attributable to (i) increased share-based compensation expenses derived from incremental share options granted with higher fair value in January 2021 while no share-based compensation expenses were recognized for stock options with service conditions and a performance condition related to our IPO in the first quarter of 2020, (ii) increased research and development activities for the Company’s next vehicle models, and (iii) increased headcount.</li><li><b>Selling, general and administrative expenses</b>were RMB509.9 million (US$77.8 million) in the first quarter of 2021, representing an increase of 352.0% from RMB112.8 million in the first quarter of 2020 and an increase of 18.8% from RMB429.3 million in the fourth quarter of 2020.<b>Non-GAAP selling, general and administrative expenses</b>3were RMB449.8 million (US$68.7 million) in the first quarter of 2021, representing an increase of 298.8% from RMB112.8 million in the first quarter of 2020 and an increase of 5.4% from RMB426.8 million in the fourth quarter of 2020. The increase in selling, general and administrative expenses over the first and fourth quarter of 2020 was primarily driven by (i) increased marketing and promotional activities, (ii) increased headcount and rental expenses with the expansion of the Company’s sales network, and (iii) increased share-based compensation expenses.</li></ul><b>Loss from Operations</b></p><p><blockquote><ul><li><b>营业费用</b>2021年第一季度为人民币10.2亿元（1.564亿美元），较2020年第一季度的人民币3.025亿元增长238.6%，较2020年第四季度的人民币8.035亿元增长27.5%。</li><li><b>研发费用</b>2021年第一季度为人民币5.145亿元（7850万美元），较2020年第一季度的人民币1.897亿元增长171.2%，较2020年第四季度的人民币3.742亿元增长37.5%。<b>非公认会计准则研发费用</b>32021年第一季度为人民币3.979亿元（6070万美元），较2020年第一季度的人民币1.897亿元增长109.8%，较2020年第四季度的人民币3.691亿元增长7.8%。2020年第一季度和第四季度研发费用的增加主要归因于（i）2021年1月授予的公允价值较高的增量购股权产生的以股份为基础的薪酬费用增加，而没有确认以股份为基础的薪酬费用对于2020年第一季度具有服务条件和与我们的IPO相关的绩效条件的股票期权，（ii）公司下一代车型的研发活动增加，以及（iii）员工人数增加。</li><li><b>销售、一般及行政开支</b>2021年第一季度为人民币5.099亿元（7780万美元），较2020年第一季度的人民币1.128亿元增长352.0%，较2020年第四季度的人民币4.293亿元增长18.8%。<b>非公认会计准则销售、一般和管理费用</b>2021年第一季度为人民币4.498亿元（6870万美元），较2020年第一季度的人民币1.128亿元增长298.8%，较2020年第四季度的人民币4.268亿元增长5.4%。2020年第一季度和第四季度销售、一般和管理费用的增加主要是由于(i)营销和促销活动的增加，(ii)随着公司销售网络的扩张，员工人数和租金费用增加，以及(iii)以股份为基础的薪酬费用增加。</li></ul><b>经营亏损</b></blockquote></p><p><ul><li><b>Loss from operations</b>was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020.<b>Non-GAAP loss from operations</b>was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li></ul><b>Net Loss and Earnings Per Share</b></p><p><blockquote><ul><li><b>经营亏损</b>2021年第一季度为人民币4.077亿元（6220万美元），较2020年第一季度的人民币2.342亿元增长74.1%，较2020年第四季度的人民币7890万元增长416.7%。<b>非公认会计准则运营损失</b>2021年第一季度为人民币2.248亿元（3430万美元），较2020年第一季度的人民币2.342亿元下降4.0%，较2020年第四季度的人民币7110万元增长216.2%。</li></ul><b>每股净亏损及盈利</b></blockquote></p><p><ul><li><b>Net loss</b>was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020.<b>Non-GAAP net loss</b>was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li><b>Basic and diluted net loss per ADS6attributable to ordinary shareholders</b>were both RMB0.40 (US$0.06) in the first quarter of 2021.<b>Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders</b>3were both RMB0.20 (US$0.03) in the first quarter of 2021.</li></ul><b>Cash position, Operating Cash Flow and Free Cash Flow</b></p><p><blockquote><ul><li><b>净亏损</b>2021年第一季度净利润为人民币3.6亿元（5490万美元），而2020年第一季度净亏损为人民币7710万元，2020年第四季度净利润为人民币1.075亿元。<b>非公认会计准则净亏损</b>2021年第一季度净利润为人民币1.77亿元（2700万美元），而2020年第一季度净亏损为人民币2.534亿元，2020年第四季度净利润为人民币1.154亿元。</li><li><b>普通股股东应佔每股美国存讬股份基本及摊薄亏损净额6</b>2021年第一季度均为人民币0.40元（0.06美元）。<b>非公认会计准则归属于普通股股东的每股美国存托凭证基本和摊薄净亏损</b>2021年第一季度均为人民币0.20元（0.03美元）。</li></ul><b>现金状况、经营现金流和自由现金流</b></blockquote></p><p><ul><li><b>Balance of cash and cash equivalents, restricted cash, time deposits and short-term investments</b>was RMB30.36 billion (US$4.63 billion) as of March 31, 2021.</li><li><b>Operating cash flow</b>was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li><b>Free cash flow</b>was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><b><u>Business Outlook</u></b></p><p><blockquote><ul><li><b>现金及现金等价物、受限制现金、定期存款和短期投资余额</b>截至2021年3月31日为人民币303.6亿元（46.3亿美元）。</li><li><b>经营现金流量</b>2021年第一季度为人民币9.263亿元（1.414亿美元），较2020年第一季度负净现金流人民币6300万元增加人民币9.893亿元，较2020年第一季度的人民币18.2亿元减少49.1%2020年第四季度。</li><li><b>自由现金流</b>2021年第一季度为人民币5.702亿元（8700万美元），较2020年第一季度的负净现金流人民币1.852亿元增加人民币7.554亿元，较2020年第一季度的人民币16.0亿元减少64.3%。2020年第四季度。</li></ul><b><u>业务展望</u></b></blockquote></p><p>For the second quarter of 2021, the Company expects:</p><p><blockquote>对于2021年第二季度，公司预计：</blockquote></p><p></p><p><ul><li><b>Deliveries of vehicles</b>to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from the second quarter of 2020.</li><li><b>Total revenues</b>to be between RMB3.99 billion (US$609.0 million) and RMB4.27 billion (US$651.7 million), representing an increase of 104.6% to 119.0% from the second quarter of 2020.</li></ul>This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.</p><p><blockquote><ul><li><b>车辆交付</b>在14,500辆至15,500辆之间，较2020年第二季度增长119.6%至134.7%。</li><li><b>总收入</b>将在人民币39.9亿元（6.090亿美元）至人民币42.7亿元（6.517亿美元）之间，较2020年第二季度增长104.6%至119.0%。</li></ul>本业务展望反映了公司对业务状况和市场状况的当前和初步看法，可能会发生变化。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150713912","content_text":"(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2021.Li Q1 Non-GAAP EPS of -$0.03 beats by $0.01; GAAP EPS of -$0.06 misses by $0.05.Revenue of $545.7M (+319.8% Y/Y) beats by $42.26M.Quarterly total revenues reached RMB3.58 billion (US$545.7 million)1Quarterly deliveries were 12,579 vehiclesQuarterly gross margin reached 17.3%.Q2 Outlook: Total revenues to be between RMB3.99B ($609M) and RMB4.27B ($651.7M), consensus $663.51, representing an increase of 104.6% to 119.0% from Q2 2020.Deliveries of vehicles to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from Q2 2020.Operating Highlights for the First Quarter of 2021Deliveries of Li ONEs were 12,579 vehicles in the first quarter of 2021, representing a 334.4% year-over-year increase.As of March 31, 2021, the Company had 65 retail stores covering 49 cities and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities.Financial Highlights for the First Quarter of 2021Vehicle sales were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020.Vehicle margin2was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020.Total revenues were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.Gross profit was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.Gross margin was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020.Loss from operations was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020. Non-GAAP loss from operations3was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.Net loss was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020. Non-GAAP net loss3was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.Operating cash flow was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.Free cash flow4was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.Deliveries UpdateIn April 2021, the Company delivered 5,539 Li ONEs, representing a 111.3% increase compared to April 2020. As of April 30, 2021, the Company had 73 retail stores covering 53 cities, in addition to 143 servicing centers and Li Auto-authorized body and paint shops operating in 105 cities.Issuance of Convertible Senior NotesIn April 2021, the Company completed the offering of US$862.5 million in aggregate principal amount of its 0.25% convertible senior notes due 2028 (the “Notes”), which included the exercise in full by the initial purchasers in the Notes offering of their option to purchase up to an additional US$112.5 million in aggregate principal amount of the Notes.The Company plans to use the net proceeds from the Notes offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.2021 Li ONEOn May 25, 2021, the Company officially released the 2021 Li ONE, the first vehicle with Navigation on ADAS (NOA) as a standard configuration in the world. It features comprehensive upgrades, including an enhanced NEDC range of 1,080 kilometers, optimized mobility comfort, and more intelligent cockpit, bringing premium features to users at a flat retail price of RMB338,000. Deliveries of the 2021 Li ONE will commence on June 1, 2021.With software and hardware optimization and its integrated powertrain system, the 2021 Li ONE can achieve an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in fuel mode is 6.05 liter per 100 kilometers based on the NEDC standard operational condition, best in class among large-sized four-wheel drive SUVs.CEO and CFO CommentsMr.Xiang Li, founder, chairman, and chief executive officer of Li Auto, commented, “We delivered 12,579 Li ONEs during the quarter, up 334.4% year over year. Li ONE was the second best-selling new energy SUV inChinain the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.“On May 25, we released our 2021 Li ONE. The model has elevated the extended range electric technology to a brand-new level, achieving an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in the fuel mode takes consumption as low as 6.05 liter per 100 kilometers based on the NEDC standard operational condition, a level that is unparalleled among large-sized four-wheel drive SUVs. I am very proud of our R&D team’s successful efforts to improve the range-extended technology.“The 2021 Li ONE is the first model in the world offering Navigation on ADAS in a standard configuration. Combining our self-developed ADAS with dedicated dual Horizon Robotics Journey 3 processors, an 8-megapixel front-view camera, 5 latest millimeter-wave radars, and high-definition maps, the 2021 Li ONE delivers a safer, easier, and more convenient driving experience, echoing our belief that active safety should be standard, not optional features.“Li ONE has been well loved by family users for its spacious six-seat interior layout. And the 2021 Li ONE enhances its excellence in space, comfort, and intelligence by equipping the front and second row seats with lumbar massage functions, increasing the leg room in the third row by 41 millimeters, while also featuring a smarter in-car voice assistant ‘LiXiang Tong Xue(理想同学),’ providing a high caliber and overall more comfortable, roomier, and more intelligent space for more families.“Is it possible to build a smart electric vehicle that makes families happier? With the 2021 Li ONE, we can confidently say yes, a resounding yes!” concludedMr. Li.Mr.Tie Li, chief financial officer of Li Auto, added, “We are pleased with our healthy financial performance during the first quarter. Our total revenues reached RMB3.58 billion, more than quadrupling from the first quarter of 2020 and exceeding the top end of our revenue guidance by 11.2%, while our gross margin stayed robust at 17.3%. Amid our ongoing efforts to enhance investment in R&D as well as our direct sales and servicing network, operating expenses increased 27.5% quarter-over-quarter and 238.6% year-over-year. We also raised over US$840 million in net proceeds through our successful convertible senior notes offering, strengthening our capital base for future growth as we increase our R&D investments in leading technologies, prepare for new model launches, and gear up for further increases in demand.”Financial Results for the First Quarter of 2021RevenuesTotal revenueswere RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.Vehicle saleswere RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020. The increase in revenue from vehicle sales over the first quarter of 2020 was mainly attributable to the increase in vehicle deliveries with the continuous expansion of our sales network. The decrease in revenue from vehicle sales from the fourth quarter of 2020 was mainly attributable to the decrease in vehicle deliveries, which were affected by seasonal factors related to the Chinese New Year holiday as well as the localized COVID-19 outbreaks in the northern China in February 2021.Other sales and serviceswere RMB111.5 million (US$17.0 million) in the first quarter of 2021, representing an increase of 951.9% from RMB10.6 million in the first quarter of 2020 and an increase of 25.0% from RMB89.2 million in the fourth quarter of 2020. The increase in revenue from other sales and services over the first and fourth quarter of 2020 was mainly attributable to increased sales of charging stalls, accessories and services in line with higher accumulated vehicle sales.Cost of Sales and Gross MarginCost of saleswas RMB2.96 billion (US$451.6 million) in the first quarter of 2021, representing an increase of 277.6% from RMB783.4 million in the first quarter of 2020 and a decrease of 13.5% from RMB3.42 billion in the fourth quarter of 2020.Gross profitwas RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB 68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.Vehicle marginwas 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020. The increase in vehicle margin over the first quarter of 2020 was primarily attributable to lower material cost and lower unit manufacturing overhead cost derived from the increased production volume. The slight decrease in vehicle margin from the fourth quarter of 2020 was primarily due to lower average selling price caused by promotional activities launched in the first quarter of 2021, partially offset by the decreased material cost.Gross marginwas 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020, which was mainly driven by the change of vehicle margin.Operating ExpensesOperating expenseswere RMB1.02 billion (US$156.4 million) in the first quarter of 2021, representing an increase of 238.6% from RMB302.5 million in the first quarter of 2020 and an increase of 27.5% from RMB803.5 million in the fourth quarter of 2020.Research and development expenseswere RMB514.5 million (US$78.5 million) in the first quarter of 2021, representing an increase of 171.2% from RMB189.7 million in the first quarter of 2020 and an increase of 37.5% from RMB374.2 million in the fourth quarter of 2020.Non-GAAP research and development expenses3were RMB397.9 million (US$60.7 million) in the first quarter of 2021, representing an increase of 109.8% from RMB189.7 million in the first quarter of 2020 and an increase of 7.8% from RMB369.1 million in the fourth quarter of 2020. The increase in research and development expenses over the first and fourth quarter of 2020 was primarily attributable to (i) increased share-based compensation expenses derived from incremental share options granted with higher fair value in January 2021 while no share-based compensation expenses were recognized for stock options with service conditions and a performance condition related to our IPO in the first quarter of 2020, (ii) increased research and development activities for the Company’s next vehicle models, and (iii) increased headcount.Selling, general and administrative expenseswere RMB509.9 million (US$77.8 million) in the first quarter of 2021, representing an increase of 352.0% from RMB112.8 million in the first quarter of 2020 and an increase of 18.8% from RMB429.3 million in the fourth quarter of 2020.Non-GAAP selling, general and administrative expenses3were RMB449.8 million (US$68.7 million) in the first quarter of 2021, representing an increase of 298.8% from RMB112.8 million in the first quarter of 2020 and an increase of 5.4% from RMB426.8 million in the fourth quarter of 2020. The increase in selling, general and administrative expenses over the first and fourth quarter of 2020 was primarily driven by (i) increased marketing and promotional activities, (ii) increased headcount and rental expenses with the expansion of the Company’s sales network, and (iii) increased share-based compensation expenses.Loss from OperationsLoss from operationswas RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020.Non-GAAP loss from operationswas RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.Net Loss and Earnings Per ShareNet losswas RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020.Non-GAAP net losswas RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.Basic and diluted net loss per ADS6attributable to ordinary shareholderswere both RMB0.40 (US$0.06) in the first quarter of 2021.Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders3were both RMB0.20 (US$0.03) in the first quarter of 2021.Cash position, Operating Cash Flow and Free Cash FlowBalance of cash and cash equivalents, restricted cash, time deposits and short-term investmentswas RMB30.36 billion (US$4.63 billion) as of March 31, 2021.Operating cash flowwas RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.Free cash flowwas RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.Business OutlookFor the second quarter of 2021, the Company expects:Deliveries of vehiclesto be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from the second quarter of 2020.Total revenuesto be between RMB3.99 billion (US$609.0 million) and RMB4.27 billion (US$651.7 million), representing an increase of 104.6% to 119.0% from the second quarter of 2020.This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.","news_type":1,"symbols_score_info":{"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":2907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":181336739,"gmtCreate":1623373385421,"gmtModify":1634034071704,"author":{"id":"3583354561720053","authorId":"3583354561720053","name":"RTRaman","avatar":"https://static.tigerbbs.com/ab6f03b59ce2dedb94eb1ac7878da669","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583354561720053","authorIdStr":"3583354561720053"},"themes":[],"htmlText":"Done","listText":"Done","text":"Done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181336739","repostId":"2142278200","repostType":4,"isVote":1,"tweetType":1,"viewCount":3168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132316553,"gmtCreate":1622072004272,"gmtModify":1634184217806,"author":{"id":"3583354561720053","authorId":"3583354561720053","name":"RTRaman","avatar":"https://static.tigerbbs.com/ab6f03b59ce2dedb94eb1ac7878da669","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583354561720053","authorIdStr":"3583354561720053"},"themes":[],"htmlText":"Good one. 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