Lu Weibing said that behind the first "people, cars and family ecology" conference in Xiaomi’s history is not only the release of new products, but also a new breakthrough in Xiaomi’s cognitive, technological and strategic progress, which has brought Xiaomi’s own and the industry’s evolution to a new level.
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Revenue has been reduced by more than 20%, and Chongqing Sailis plans to promote the listing of its companies
Text | Zhou South Tour
On the evening of August 30, Sailis Group joint stock company (hereinafter referred to as Sailis) released the 2023 semi-annual report. From January to June, the company achieved revenue of 11.032 billion yuan, a decrease of 11.14% year-on-year; deducting non-attributable net profit – 1.344 billion yuan, the loss decreased by 22.18% year-on-year. In addition, Sailis plans to promote the listing of Chongqing Ruichi Automotive Industry Co., Ltd., a wholly-owned grandson company of the company.
Three-year loss
Sailis, founded in 2016, formerly known as Chongqing Xiaokang Industrial Group joint stock company (hereinafter referred to as Xiaokang shares) is a technology-based manufacturing enterprise in Chongqing with new energy vehicles as its core business.
Over the past 20 years, Xiaokang shares have gained a place in the lower-tier market with brand cars such as Dongfang Xiaokang. With the revolutionary transformation of the automotive industry to electrification and intelligence that has not been seen in a century, the layout of new energy tracks has become inevitable.
In 2016, the predecessor of Cyrus, Jinkang New Energy Vehicle, was established. In 2020, Cyrus launched the first new energy vehicle, Cyrus 5, which was not welcomed by the market. It was not until 2021 that it joined forces with Huawei to launch the first cooperative model, Smart Choice SF5, and Jinkang New Energy Vehicle "became an instant hit".
The following year, Jinkang New Energy Vehicle renamed itself Cyrus and partnered with Huawei to launch the AITO new energy vehicle brand, targeting the high-end market.
With M5, EV and M7 models, it became a dark horse for the new forces of car manufacturing in 2022. That year, after the first new car in the world was launched, the monthly sales quickly exceeded 10,000, and in less than 10 months, the cumulative sales reached 75,000.
Q Jie series is a new energy brand jointly launched by Huawei and Cyrus, and it is also the core product of Cyrus.
According to the data, the cumulative production and sales of new energy vehicles of Sailis in 2022 were 130132 and 135054, respectively, an increase of 233.63% and 225.9% year-on-year. Among them, the production and sales of Sailis Automobile-Wenjie series cars were 83701 and 80041, accounting for more than half of the production and sales in 2022.
However, since 2020, Cyrus has been in a state of loss, accumulating more than 8.60 billion yuan. Since the beginning of this year, due to various factors, the sales volume of the world has continued to be sluggish, and the cumulative sales volume in the first five months has only 20,000 more than…
On July 15, Sailis announced that the net profit of non-return to the parent in 2023 is expected to be between – 1.93 billion yuan and – 1.80 billion yuan. The production and sales report data of the month is also not good. The sales of new energy vehicles decreased by 47.83% year-on-year, and the cumulative sales of 51,734 vehicles throughout the year decreased by 12.19% year-on-year.
In this regard, Sailis said that it was affected by the user wait-and-see sentiment caused by the overall promotion of the automotive industry in the first quarter of 2023, as well as the release of the M5 smart driving version in the second quarter.
However, Soochow Securities believes in the research report that the second quarter user wait-and-see mood fades, the release of the M5 smart driving version and the start of delivery will resonate and drive the second quarter sales.
As expected, the financial report shows that the sales of new energy vehicles in the second quarter increased by 24.30% compared with the previous quarter; revenue decreased by more than 20%.
Deepen cooperation and enrich product matrix with innovative technologies
With the launch of models such as the AITO M5 Smart Driving Edition and the new M7 Grand Five-Seater Edition, as well as the increase in overseas sales and the decrease in raw material prices, Sailis said that sales and profitability are expected to further improve in the second half of the year.
In fact, the poor data does not mean that Cyrus is inactive. Since the beginning of this year, Cyrus’s new products have been launched at an accelerated pace, and the product matrix has continued to enrich.
On May 27, AITO asked the 100,000 car in the industry to roll off the production line, and it became the fastest new energy vehicle brand to achieve this goal in 15 months. In June, the M5 smart driving version jointly designed by the company and Huawei started national delivery, taking the lead in realizing high-speed and urban high-level intelligent driving functions that do not rely on high-precision maps.
On August 26, the new M7 five-seat version made its debut at the Chengdu Auto Show and opened for small orders. It will be officially released and delivered on September 12. The car features a large space and flexible layout.
Previously, the company announced the signing of a deepening joint business agreement with Huawei and the establishment of a joint sales and service working group, adding another milestone to the long-term and in-depth cooperation between the two parties. Focus on strategic cities, optimize sales channel construction, and build a delivery and service network.
Establish strategic partnerships with leading suppliers such as Wencan and Bosch, as well as the China Automotive Center, to jointly promote the high-quality development of the industry.
In terms of research and development, Cyrus continues to maintain high investment in core areas and continues to attract professional talents.
As of June this year, the company had 3,741 authorized patents; from January to June, 315 new authorized patents and 1,058 new patent applications were added, maintaining an industry-leading advantage in the fields of system architecture, intelligent manufacturing, and product quality. During the reporting period, R & D expenses increased by 16% year-on-year.
It is worth mentioning that Sailis said in its semi-annual report that it plans to introduce one or more important partners in the industrial chain and industrial funds as investors through capital increase or equity transfer for its wholly-owned grandson company Chongqing Ruichi Automotive Industry Co., Ltd. at a price of not less than 10 yuan per 1 yuan of registered capital, and choose the opportunity to go public.
According to the financial report, Ruichi Electric was established in September 2003 with a registered capital of 200 million yuan and is registered in Fusheng Town, Jiangbei District, Chongqing.
As of the end of June, its total assets 2.007 billion yuan, net assets 449 million yuan; 2022 and the first half of 2023 respectively to achieve operating income of 2.76 billion yuan and 1.021 billion yuan, net profit of 130 million yuan and 2641.40 yuan.
Sailis said that Ruichi Electric focuses on the electric commercial vehicle business, which is separate from the company’s electric passenger vehicle business. This move can optimize the company’s strategic layout and business structure, further strengthen the financial strength of Ruichi Electric, accelerate its Product Research & Development, market and channel construction, and enhance its core competitiveness and sustainable development vitality.
Highlights of the 13th China International Aviation and Aerospace Exhibition Grab "Fresh" to See the stunning appearance of sea and air weapons.
CCTV News:The 13th China International Aviation and Aerospace Exhibition will open in Zhuhai tomorrow (September 28th), and a number of new products, technologies, services and achievements representing the world’s advanced level in the aerospace and defense fields will be unveiled, most of which are the world’s first exhibitions and the first exhibitions in China, and the series of "land, sea, air, sky and electricity" will be fully covered. At present, China Air Show, which ranks among the top five air shows in the world, can be described as a concentrated appearance of sea and air weapons and a dense display of "the country’s heavy weapon". The reporters explored the camp in all directions and got a close look at the charm of China’s new sea, land, air and space equipment. Let’s take a look at the wonderful highlights.
At this year’s air show, the "Red Eagle" air show team will once again make a joint appearance with the "August 1st" air show team, bringing a shocking and romantic visual "feast". In flight training, the "Red Eagle" air show team took off in two formations. After meeting in the air, they completed a series of actions such as eight-fighter diamond somersault and rolling in turn in the form of eight-fighter and six-fighter formations respectively. Subsequently, six J -10 planes of the "August 1st" air show team took off, and completed the actions of six-plane triangular formation flying and two-plane hedging respectively.
At present, all the major equipment for the exhibition is ready. A large number of main battle equipment such as J -20, Yun -20, Air Police -500 and H -6K will be unveiled at the air show, and new electronic warfare aircraft J -16D and high-altitude unmanned reconnaissance aircraft No Reconnaissance -7 will be unveiled at the air show for the first time.
CCTV reporter Cui Xia:This plane should be one of the brightest stars in this air show, the J -16D fighter. 歼 -16D is a new type of electronic warfare aircraft independently developed on the platform of 歼 -16 aircraft. It has the comprehensive operational capability of detection, attack and defense, and can effectively counter the advanced air defense system in the sky composed of early warning, detection, command, communication, interception and strike.
CCTV reporter Cui Xia:This fighter is JH -7A2 fighter, which is based on the JH-7A2 aircraft independently developed by our country, and is equipped with air-to-surface missiles, laser-guided bombs, dispensers and other opposing weapons in air defense areas to further improve the ability of opposing strikes.
CCTV reporter Cui Xia:My present area is a multi-layer air defense missile weapon system, which has the ability to intercept combat aircraft, surface-to-surface missiles, air defense missiles and drones from 6 km to 18 km to 70 km. You can see that they are a set of "combination boxing", called Flying Leopard -10A, this is its command vehicle, and this is its launch vehicle.
Gao Sen, Deputy Director of the International Business Department of the Eighth Academy of Aerospace Science and Technology Group:There is a radar on the command vehicle, so it can detect the target, then assign the target and command it, assign the target to our air defense missiles, and then intercept the target by launching air defense missiles from the chariot.
The 13th China Air Show set up the Ship Pavilion for the first time, and a number of unmanned boats independently developed by China will appear at the air show. This multifunctional unmanned combat boat is a star product, with a length of 15 meters, a width of 4.8 meters and a drainage capacity of 20 tons. The unmanned combat boat is equipped with various combat weapons, which can realize typical military applications such as sea, anti-submarine and air defense on the basis of autonomous navigation, and can also perform coastal defense warning and ocean survey.
Fan Jun, Director of the International Business Office of the 716 Institute of China Shipbuilding Group:We are equipped with a vertically launched missile to the sea, which is the biggest bright spot, and it should be said that it is rare on such a small ship. At the same time, we are also equipped with anti-submarine torpedoes, which can attack small submarines 5 to 8 kilometers underwater. At the same time, we are also equipped with close-range machine guns and small (light) missiles to deal with small targets on land and at sea.
"Run" is the highest in double-network viewing, reshaping fashion concept and inheriting intangible culture.
Last Friday, "Run" ushered in an "unusual catwalk". At the beginning of the program, it started with the pajamas of its members, went to the catwalk that was fashionable and eye-catching after the female guests took the stage, and then went to the dressing session to convey the fashionable ideas in the workplace, environmental protection and consumption concept, so that the program was both interesting and positive. Netizens commented: "This catwalk is really funny, fashionable and meaningful!"
The ratings refresh the double-network champion.
The popularity of program topics continues to climb.
The audience rating of CSM59 is 2.96%, which not only won the audience rating champion of all variety shows in the weekend file, but also set a new high for this year’s "Run", ranking first in the national network with 1.29%, achieving the "double-network champion". The topic popularity of the program is on the rise, with a total of 8 hot searches in Weibo, 25 platforms covering the whole network, 61 hot searches in the whole network, authoritative data such as Cat’s Eye, Gu Duo, Yunhe, Yi En, etc. TOP1, "Run" topped the Weibo Variety Hour List, and the reading volume of # Run # main topic reached 29.8 billion, among which # Sha Yi picked clothes for Cheng Xiao # topped the Weibo Hot Search TOP1. With the popularity, ratings and topic of Qi Fei, the popularity and responsibility of this national variety show are once again reflected.
Reshaping fashion concept and inheriting intangible culture
This program takes the fashion theme as the entry point, and at the same time conveys and reshapes the fashion concept. For example, Jerry Lee’s shape is covered with sticky notes, reflecting the true state of "workplace elites" and paying attention to the physical and mental health of young people; Ryan practices "rejecting fur" and pays attention to animal protection while being fashionable; Sha Yi’s clothing modeling pays attention to the theme of "health"; Guo Qilin’s "lazy cancer" style directly hits the pain points of contemporary young people; Angelababy’s clothing is based on "scale" and conveys a kind of "altruistic spirit". These clothing styles are not so much fashion catwalks as "walking labels", each of which reminds us to stay away from the negative and be close to the beautiful.
At the same time, the program also injects traditional culture into fashion themes, making traditional culture more youthful. In the catwalk session of this program, all the non-legacy handicrafts such as Yanchuan Budui Painting, Zhuxian Town Woodblock New Year Pictures and Guilin Zhuangjin Group Fan were unveiled, showing the beautiful folk wisdom and craftsman spirit to the audience. At the same time, Guo Qilin and Crystal, the winners in this program, also used these non-legacy handicrafts as props to shoot the covers of fashion magazines, so as to help Gaotian Ethnic School in Yangshuo County set up non-legacy courses and inherit non-legacy culture. "Run" has always exported mainstream value while conveying happiness, and won praise and praise from the audience and netizens.
The next issue will usher in the music special "Run". The members of the Running Men’s Team will compete with the flying guests Ronghao Li, Charlie and Silence Wang for the sales of gold records, and the top three flying chairs in the swimming pool will attack again, and the first famous brand tearing war is about to start this season. All the wonderful contents are at 21:10 on Friday, June 26th, Japan. Lock in "Run" by Zhejiang Satellite TV’s An Muxi, and let’s run for the better!