Siles announces performance expected net profit for the first half of the year to narrow losses by 20%-28% year-on-year

Siles expects first-half net profit to reduce losses by 20%-28% YoY

【Phoneauto News】On the evening of July 14th, Sailes Group Co., Ltd. disclosed the performance forecast for the 2023 semi-annual report, expecting a loss in net profit attributable to the owners of the parent company for the first half of 2023 compared to the same period last year, with a net profit attributable to the owners of the parent company ranging from -1.39 billion yuan to -1.25 billion yuan, narrowing the loss compared to the same period last year.

According to Sailes, in 2023, Sailes Auto and Huawei jointly designed the AITO Wanjie M5 Intelligent Driving Edition and AITO Wanjie M5 Standard Edition, and the panoramic smart flagship SUV Wanjie M9 will also be launched in the fourth quarter of this year, continuously expanding the new energy vehicle product matrix. The AITO Wanjie M5 Intelligent Driving Edition, as the first model equipped with the HUAWEI ADS 2.0 Huawei advanced intelligent driving system and HarmonyOS intelligent cockpit 3.0, can achieve high-level intelligent driving functions in high-speed and urban areas without relying on high-precision maps, realizing a high-level intelligent driving experience close to L3.

At the end of May, the 100,000th AITO Wanjie vehicle rolled off the production line, achieving a breakthrough from 0 to 1 in 15 months, becoming the new energy vehicle brand to reach this milestone at the fastest speed. Recently, Sailes released the production and sales report for June 2023. The data showed that Sailes’ new energy vehicle sales in June reached 9,348 units, including 5,668 units of Sailes Auto.

Sailes also stated that at the end of June, the company established the “AITO Wanjie Sales and Service Joint Working Group” with Huawei, responsible for end-to-end closed-loop management of marketing, sales, delivery, service, and channels. This is another milestone event in deepening cooperation between the two parties. In the future, with a firm new energy strategy, continuous research and development investment, and the support of partners, Sailes Auto will continue to drive towards a new “fast lane” of new energy vehicles.

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