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RTRaman

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2021-06-11

Good

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2021-06-11

Done

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2021-06-11

Nice

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2021-05-27

Ok

Nvidia EPS beats by $0.38, beats on revenue<blockquote>Nvidia EPS 超过预期 0.38 美元，营收超过预期</blockquote>

2021-05-27

Good one. Missed

2021-05-27

Ok

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2021-05-27

Missed to buy last week [龇牙]

Li Auto EPS beats by $0.01, beats on revenue<blockquote>理想汽车每股收益超过预期 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.laohunote.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>Nvidia EPS 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 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It will pay its next quarterly cash di","content":"<p>(May&nbsp;27)&nbsp;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 日的第一季度营收创纪录，达到 56.6 亿美元，同比增长 84%，比上一季度增长 13%，其中公司游戏、数据中心和专业可视化平台的营收创下历史新高。</blockquote></p><p><ul><li>Nvidia&nbsp;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，超出 0.38 美元；GAAP 每股收益为 3.03 美元，超出 0.51 美元。</li><li>收入 $5.66B（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&nbsp;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&nbsp;of&nbsp;Nvidia&nbsp;fell&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;afterhour&nbsp;trading.</p><p><blockquote><ul><li>收入预计为 63.0 亿美元，比预期上涨或下跌 2%。$5.48B 共识。</li><li>GAAP 和非 GAAP 毛利率预计分别为 64.6% 和 66.5%，正负 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约为 5000 万美元。</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赤字，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说：”我们度过了一个非常棒的季度，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>“随着全球各行各业采用 NVIDIA AI 来处理计算机视觉、对话式人工智能、自然语言理解和推荐系统，我们的数据中心 (VPN) 业务不断扩展。NVIDIA RTX 重新发明了计算机图形，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。在各行各业，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 NVIDIA 转变为一家数据中心规模的计算公司。我们计划收购 Arm，这将加速 Arm 生态系统的创新和发展。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，NVIDIA 将继续开展有影响力的工作，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。该公司将于 2021 年 7 月 1 日向 2021 年 6 月 10 日登记在册的所有股东支付下一季度现金股息每股 0.16 美元。</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，公司董事会宣布将英伟达普通股进行四比一的分割，以股票股息的形式支付，预计新增股份将于 2021 年 7 月 19 日分配。股票分红的条件是在 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，将授权普通股数量从 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>自上次公布财报以来，英伟达在这些领域取得了进展：</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>第一季度收入达到创纪录的27.6亿美元，同比增长106%，比上一季度增长11%。</li><li>随着 GeForce RTX 的推出，搭载 NVIDIA 第二代 RTX 显卡的笔记本电脑浪潮更加广泛™3060 笔记本电脑 GPU 系统起价 999 美元，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>AcceleratedRTX 势头现已推出超过 60 款游戏，包括<i>《使命召唤：现代战争》、《孤岛危机》重制版</i>和<i>拓荒者。</i></li><li>除了之前降低 RTX 3060 散列率的措施外，还采取措施降低新生产的 RTX 3080、3070 和 3060 Ti 显卡上的以太币散列率（这些显卡带有 “Lite Hash Rate ”或 “LHR ”标识符），以改善游戏玩家对 GeForce GPU 的访问。</li><li>宣布NVIDIA DLSS现在可以在虚幻引擎4中使用，很快可以在Unity游戏引擎中使用。</li><li>宣布可减少系统延迟的 NVIDIA Reflex 现已整合到<i>看涨期权执勤战区</i>,<i>守望先锋</i>和<i>彩虹六号</i><i>: 围攻</i>.</li><li>立即宣布™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1000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>第一季度收入达到创纪录的20.5亿美元，同比增长79%，比上一季度增长8%。</li><li>虚拟举办了规模最大的everGPU技术大会，来自195个国家的超过200,000人注册，开幕主题演讲的浏览量超过1400万次。</li><li>Nvidia Grace 揭晓™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，通过基于GPU加速的AWS Graviton2的Amazon EC2实例部署Nvidia GPU推理，使GPU加速的游戏能够在AWS上本地运行，并允许基于Arm的工作负载具有更高的性能。</li><li>theNVIDIA 揭晓®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>发布新款 NVIDIA DGX SuperPOD™第一台云原生、多租户超级计算机，客户涉及对话式人工智能、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针对主流服务器的 Vidia A30 和 A10 GPU 进行了扩展，并在最新发布的 MLPerf 基准测试中创下了一系列工作负载人工智能性能的每个类别的记录。</li><li>发布了适用于 VMware vSphere 的 Vidia 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>然后推出了VIDIA 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™，基于视频的实时体验框架。</li><li>推出NVIDIA TAO，一个加速创建企业人工智能应用程序的框架。</li><li>通过 NVIDIA Clara Discovery 扩大了其支持药物开发和发现的工作，宣布与 Schrödinger 建立合作伙伴关系，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，比去年同期和上一季度增长 21%。</li><li>NVIDIA Omniverse 推出™用于实时3D设计和协作的企业软件，BMW集团、Foster+Partners和WPP是早期客户。</li><li>Nvidia RTX 揭晓™适用于下一代笔记本电脑和台式机工作站的GPUS，包括用于台式机的NVIDIA RTX A4000和A5000，以及用于笔记本电脑的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™&nbsp;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>第一季度收入为 1.54 亿美元，同比下降 1%，比上一季度增长 6%。</li><li>NVIDIA DRIVE Atlan 发布™这是一款支持人工智能的自动驾驶汽车处理器，具有 1000 个顶部和数据中心级安全性，目标是汽车制造商的 2025 年汽车。</li><li>宣布 Nvidia DRIVE Hyperion™8、最新一代功能齐全的开放平台，减少了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™从2022年开始，将为上汽R Auto、IM Motors、Faraday Future和VinFast的智能新能源汽车提供动力。</li><li>继亚马逊 Zoox、滴滴 (DIDI)、Oxbotica、Pony.ai 和 AutoX 宣布之后，Cruise 是最新一家选择 NVIDIA DRIVE 的 Trobotaxi 公司。</li><li>宣布沃尔沃汽车将使用 NVIDIA DRIVE Orin™为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 Vidia DRIVE Platforms 为梅赛德斯-奔驰新款 EQS 轿车的人工智能驾驶舱 MBUX Hyperscreen 提供动力。</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 companyPlus 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>Nvidia EPS 超过预期 0.38 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\">\nNvidia EPS beats by $0.38, beats on revenue<blockquote>Nvidia EPS 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&nbsp;27)&nbsp;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 日的第一季度营收创纪录，达到 56.6 亿美元，同比增长 84%，比上一季度增长 13%，其中公司游戏、数据中心和专业可视化平台的营收创下历史新高。</blockquote></p><p><ul><li>Nvidia&nbsp;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，超出 0.38 美元；GAAP 每股收益为 3.03 美元，超出 0.51 美元。</li><li>收入 $5.66B（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&nbsp;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&nbsp;of&nbsp;Nvidia&nbsp;fell&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;afterhour&nbsp;trading.</p><p><blockquote><ul><li>收入预计为 63.0 亿美元，比预期上涨或下跌 2%。$5.48B 共识。</li><li>GAAP 和非 GAAP 毛利率预计分别为 64.6% 和 66.5%，正负 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约为 5000 万美元。</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赤字，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说：”我们度过了一个非常棒的季度，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>“随着全球各行各业采用 NVIDIA AI 来处理计算机视觉、对话式人工智能、自然语言理解和推荐系统，我们的数据中心 (VPN) 业务不断扩展。NVIDIA RTX 重新发明了计算机图形，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。在各行各业，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 NVIDIA 转变为一家数据中心规模的计算公司。我们计划收购 Arm，这将加速 Arm 生态系统的创新和发展。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，NVIDIA 将继续开展有影响力的工作，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。该公司将于 2021 年 7 月 1 日向 2021 年 6 月 10 日登记在册的所有股东支付下一季度现金股息每股 0.16 美元。</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，公司董事会宣布将英伟达普通股进行四比一的分割，以股票股息的形式支付，预计新增股份将于 2021 年 7 月 19 日分配。股票分红的条件是在 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，将授权普通股数量从 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>自上次公布财报以来，英伟达在这些领域取得了进展：</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>第一季度收入达到创纪录的27.6亿美元，同比增长106%，比上一季度增长11%。</li><li>随着 GeForce RTX 的推出，搭载 NVIDIA 第二代 RTX 显卡的笔记本电脑浪潮更加广泛™3060 笔记本电脑 GPU 系统起价 999 美元，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>AcceleratedRTX 势头现已推出超过 60 款游戏，包括<i>《使命召唤：现代战争》、《孤岛危机》重制版</i>和<i>拓荒者。</i></li><li>除了之前降低 RTX 3060 散列率的措施外，还采取措施降低新生产的 RTX 3080、3070 和 3060 Ti 显卡上的以太币散列率（这些显卡带有 “Lite Hash Rate ”或 “LHR ”标识符），以改善游戏玩家对 GeForce GPU 的访问。</li><li>宣布NVIDIA DLSS现在可以在虚幻引擎4中使用，很快可以在Unity游戏引擎中使用。</li><li>宣布可减少系统延迟的 NVIDIA Reflex 现已整合到<i>看涨期权执勤战区</i>,<i>守望先锋</i>和<i>彩虹六号</i><i>: 围攻</i>.</li><li>立即宣布™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1000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>第一季度收入达到创纪录的20.5亿美元，同比增长79%，比上一季度增长8%。</li><li>虚拟举办了规模最大的everGPU技术大会，来自195个国家的超过200,000人注册，开幕主题演讲的浏览量超过1400万次。</li><li>Nvidia Grace 揭晓™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，通过基于GPU加速的AWS Graviton2的Amazon EC2实例部署Nvidia GPU推理，使GPU加速的游戏能够在AWS上本地运行，并允许基于Arm的工作负载具有更高的性能。</li><li>theNVIDIA 揭晓®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>发布新款 NVIDIA DGX SuperPOD™第一台云原生、多租户超级计算机，客户涉及对话式人工智能、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针对主流服务器的 Vidia A30 和 A10 GPU 进行了扩展，并在最新发布的 MLPerf 基准测试中创下了一系列工作负载人工智能性能的每个类别的记录。</li><li>发布了适用于 VMware vSphere 的 Vidia 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>然后推出了VIDIA 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™，基于视频的实时体验框架。</li><li>推出NVIDIA TAO，一个加速创建企业人工智能应用程序的框架。</li><li>通过 NVIDIA Clara Discovery 扩大了其支持药物开发和发现的工作，宣布与 Schrödinger 建立合作伙伴关系，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，比去年同期和上一季度增长 21%。</li><li>NVIDIA Omniverse 推出™用于实时3D设计和协作的企业软件，BMW集团、Foster+Partners和WPP是早期客户。</li><li>Nvidia RTX 揭晓™适用于下一代笔记本电脑和台式机工作站的GPUS，包括用于台式机的NVIDIA RTX A4000和A5000，以及用于笔记本电脑的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™&nbsp;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>第一季度收入为 1.54 亿美元，同比下降 1%，比上一季度增长 6%。</li><li>NVIDIA DRIVE Atlan 发布™这是一款支持人工智能的自动驾驶汽车处理器，具有 1000 个顶部和数据中心级安全性，目标是汽车制造商的 2025 年汽车。</li><li>宣布 Nvidia DRIVE Hyperion™8、最新一代功能齐全的开放平台，减少了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™从2022年开始，将为上汽R Auto、IM Motors、Faraday Future和VinFast的智能新能源汽车提供动力。</li><li>继亚马逊 Zoox、滴滴 (DIDI)、Oxbotica、Pony.ai 和 AutoX 宣布之后，Cruise 是最新一家选择 NVIDIA DRIVE 的 Trobotaxi 公司。</li><li>宣布沃尔沃汽车将使用 NVIDIA DRIVE Orin™为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 Vidia DRIVE Platforms 为梅赛德斯-奔驰新款 EQS 轿车的人工智能驾驶舱 MBUX Hyperscreen 提供动力。</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 companyPlus 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":2048,"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":[],"title":"","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":3042,"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,"idStr":"3583354561720053","authorIdStr":"3583354561720053"},"themes":[],"title":"","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":1917,"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":[],"title":"","htmlText":"Missed to buy last week&nbsp;[龇牙]&nbsp;","listText":"Missed to buy last week&nbsp;[龇牙]&nbsp;","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.laohunote.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>理想汽车每股收益超过预期 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)&nbsp;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&nbsp;31, 2021.</p><p><blockquote>(5月26日）中国新能源汽车市场的创新者理想汽车公司（纳斯达克股票代码：LI）今天公布了截至2021年3月31日的第一季度未经审计的财务业绩。</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)&nbsp;<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>:&nbsp;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>0.01美元；GAAP 每股收益为 -0.06 美元<b>失误</b>只需0.05美元。</li><li>收入 5.457 亿美元（同比增长 319.8%）<b>节拍</b>增加4226万美元。</li><li>季度总收入达到人民币35.8亿元（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，共识为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>二零二一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年第一季度理想汽车交付量为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，该公司在49个城市拥有65家零售店，在98个城市拥有135个服务中心和理想汽车授权的车身和油漆店。</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年第一季度汽车销量为人民币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年第一季度车辆利润率2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%。</li><li>2021年第一季度毛利为人民币616.7百万元（94.1百万美元），较2020年第一季度的人民币68.3百万元增长802.9%，较2020年第四季度的人民币724.6百万元下降14.9%。</li><li>2021年第一季度的毛利率为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407.7百万元（62.2百万美元），较2020年第一季度的人民币234.2百万元增长74.1%，较2020年第四季度的人民币78.9百万元增长416.7%。2021 年第一季度非 GAAP 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 亿元减少 4.0%，较 2020 年第四季度的人民币 7110 万元增加 216.2%。</li><li>2021 年第一季度净亏损为人民币 360.0 百万元（54.9 百万美元），而 2020 年第一季度净亏损为人民币 77.1 百万元，2020 年第四季度净利润为人民币 1.075 百万元。2021 年第一季度非 GAAP 净亏损 3 为人民币 1.770 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年第一季度的经营现金流量为人民币9.263亿元（1.414亿美元），较2020年第一季度的负现金流量净额人民币6.3亿元增加人民币9.893亿元，较2020年第四季度的人民币18.2亿元减少49.1%。</li><li>2021年第一季度的自由现金流4为人民币5.702亿元（8700万美元），较2020年第一季度的负现金流净额人民币1.852亿元增加人民币7.554亿元，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>2021年4月，本公司交付5，539辆Li，较2020年4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家服务中心以及在105个城市运营的理想汽车授权车身和油漆店。</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862.5百万美元的于二零二八年到期的0.25%可换股优先票据（「票据」），当中包括初始买家于票据发售中全面行使其购买票据本金总额最多额外112.5百万美元的选择权。</li><li>本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，及(iii)营运资金及其他一般企业用途。</li></ul><b>2021李一</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，该公司正式发布了2021款理想ONE，这是全球首款将ADAS导航（NOA）作为标准配置的汽车。它进行了全面升级，包括增强1,080公里的NEDC续航里程、优化的移动舒适性和更智能的座舱，以人民币338,000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动力总成系统，2021款Li ONE可实现1080公里的NEDC续航和890公里的WLTC续航。基于NEDC标准工况，其燃油模式下的能效为每百公里6.05升，在大型四驱SUV中名列前茅。</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评论道：“我们在本季度交付了 12,579 辆理想 ONE，同比增长 334.4%。理想 ONE 是第一季度中国第二畅销的新能源 SUV，因为我们引人注目的产品和卓越的用户体验继续取悦用户并提升品牌知名度，而我们直销和服务网络的坚定支持也支撑了我们的增长。</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&amp;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Li ONE。该车型将增程式电动技术提升到了一个全新的高度，NEDC续航里程达到了1080公里，WLTC续航里程达到了890公里。其燃油模式下的能效，基于NEDC标准工况，百公里油耗低至6.05升，这一水平在大型四驱SUV中是无与伦比的。我对我们的研发团队在改进增程技术方面取得的成功感到非常自豪。</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 是全球首款标准配置 ADAS 导航的车型。2021 款 Li ONE 将我们自主研发的 ADAS 与专用的双 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，提供更安全、更轻松、更便捷的驾驶体验，这与我们的信念相呼应，即主动安全应该是标准配置，而不是可选配置。</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以其宽敞的六座内饰布局深受家庭用户的喜爱。2021款理想ONE在空间、舒适性和智能化方面都得到了提升，前排和第二排座椅均配备了腰部按摩功能，第三排腿部空间增加了41毫米，同时还配备了更智能的车内语音助手'理想同学'，为更多家庭提供了更高品质、更舒适、更宽敞、更智能的整体空间。</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>“有没有可能制造出一款让家庭更幸福的智能电动汽车？有了 2021 款 Li ONE，我们可以自信地说是的，响亮的是!”结论DMR。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&amp;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&amp;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，较二零二零年第一季度增长逾四倍，超出收入指引上限11.2%，而我们的毛利率保持强劲，为17.3%。由于我们持续加大研发投资以及直销和服务网络建设，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8.4亿美元的所得款项净额，随着我们增加对领先技术的研发投资，为新车型的推出做好准备，并为需求的进一步增长做好准备，加强了我们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>收入总额</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%。二零二零年第一季度车辆销售收入增加，主要是由于我们销售网络的持续扩展导致车辆交付量增加所致。车辆销售收入较二零二零年第四季度减少主要由于车辆交付量减少，而车辆交付量受到与中国新年假期相关的季节性因素以及二零二一年二月中国北方局部COVID-19爆发的影响。</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（17.0百万美元），较2020年第一季度的人民币10.6百万元增长951.9%，较2020年第四季度的人民币89.2百万元增长25.0%。于二零二零年第一季度及第四季度，其他销售及服务收入增加主要由于充电桩、配件及服务的销售额随累计车辆销量增加而增加。</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616.7百万元（94.1百万美元），较2020年第一季度的人民币68.3百万元增长802.9%，较2020年第四季度的人民币724.6百万元减少14.9%。</li><li><b>车辆余量</b>2021年第一季度为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。2020年第一季度车辆利润率的增加主要归因于产量增加导致的材料成本下降和单位制造间接成本下降。车辆利润率较二零二零年第四季度略有下降，主要是由于二零二一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销。</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推动。</li></ul><b>营运开支</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>营运开支</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>研发开支</b>2021年第一季度为人民币514.5百万元（78.5百万美元），较2020年第一季度的人民币189.7百万元增长171.2%，较2020年第四季度的人民币374.2百万元增长37.5%。<b>非 GAAP 研发费用</b>3 2021年第一季度为人民币397.9百万元（60.7百万美元），较二零二零年第一季度的人民币189.7百万元增长109.8%，较二零二零年第四季度的人民币369.1百万元增长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所产生的股份补偿费用增加，而附带服务条件和与我们 2020 年第一季度首次公开募股相关的业绩条件的购股权并未确认股份补偿费用，(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509.9百万元（77.8百万美元），较2020年第一季度的人民币112.8百万元增长352.0%，较2020年第四季度的人民币429.3百万元增长18.8%。<b>非 GAAP 销售、一般和管理费用</b>3 2021年第一季度为人民币449.8百万元（68.7百万美元），较2020年第一季度的人民币112.8百万元增长298.8%，较2020年第四季度的人民币426.8百万元增长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大，员工人数和租赁费用的增加，以及 (iii) 基于股份的薪酬费用的增加。</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407.7百万元（62.2百万美元），较2020年第一季度的人民币234.2百万元增长74.1%，较2020年第四季度的人民币78.9百万元增长416.7%。<b>非公认会计准则运营亏损</b>2021年第一季度为人民币224.8百万元（34.3百万美元），较2020年第一季度的人民币234.2百万元减少4.0%，较2020年第四季度的人民币71.1百万元增加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 年第一季度净亏损为人民币 360.0 百万元（54.9 百万美元），而 2020 年第一季度净亏损为人民币 77.1 百万元，2020 年第四季度净利润为人民币 1.075 百万元。<b>非公认会计准则净亏损</b>2021年第一季度净亏损为人民币1.770亿元（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>普通股股东应占每股美国存托凭证基本及摊薄净亏损6</b>2021 年第一季度均为人民币 0.40 元（0.06 美元）。<b>非 GAAP 普通股股东应占每股美国存托凭证基本和摊薄净亏损</b>2021 年第一季度3 人均为人民币 0.20 元（0.03 美元）。</li></ul><b>现金状况、经营现金流量及自由现金流量</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、定期存款及短期投资馀额</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年第一季度的负现金流量人民币6.30亿元增加人民币9.893亿元，较2020年第四季度的人民币18.2亿元减少49.1%。</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年第一季度的负现金流量人民币1.852亿元增加人民币7.554亿元，较2020年第四季度的人民币16.0亿元减少64.3%。</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>14,500 辆至 15,500 辆，较 2020 年第二季度增长 119.6% 至 134.7%。</li><li><b>收入总额</b>为人民币39.9亿元（6.09亿美元）至人民币42.7亿元（6.517亿美元），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，市场状况可能会发生变化。</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 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.h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #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>理想汽车每股收益超过预期 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)&nbsp;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&nbsp;31, 2021.</p><p><blockquote>(5月26日）中国新能源汽车市场的创新者理想汽车公司（纳斯达克股票代码：LI）今天公布了截至2021年3月31日的第一季度未经审计的财务业绩。</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)&nbsp;<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>:&nbsp;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>0.01美元；GAAP 每股收益为 -0.06 美元<b>失误</b>只需0.05美元。</li><li>收入 5.457 亿美元（同比增长 319.8%）<b>节拍</b>增加4226万美元。</li><li>季度总收入达到人民币35.8亿元（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，共识为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>二零二一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年第一季度理想汽车交付量为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，该公司在49个城市拥有65家零售店，在98个城市拥有135个服务中心和理想汽车授权的车身和油漆店。</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年第一季度汽车销量为人民币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年第一季度车辆利润率2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%。</li><li>2021年第一季度毛利为人民币616.7百万元（94.1百万美元），较2020年第一季度的人民币68.3百万元增长802.9%，较2020年第四季度的人民币724.6百万元下降14.9%。</li><li>2021年第一季度的毛利率为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407.7百万元（62.2百万美元），较2020年第一季度的人民币234.2百万元增长74.1%，较2020年第四季度的人民币78.9百万元增长416.7%。2021 年第一季度非 GAAP 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 亿元减少 4.0%，较 2020 年第四季度的人民币 7110 万元增加 216.2%。</li><li>2021 年第一季度净亏损为人民币 360.0 百万元（54.9 百万美元），而 2020 年第一季度净亏损为人民币 77.1 百万元，2020 年第四季度净利润为人民币 1.075 百万元。2021 年第一季度非 GAAP 净亏损 3 为人民币 1.770 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年第一季度的经营现金流量为人民币9.263亿元（1.414亿美元），较2020年第一季度的负现金流量净额人民币6.3亿元增加人民币9.893亿元，较2020年第四季度的人民币18.2亿元减少49.1%。</li><li>2021年第一季度的自由现金流4为人民币5.702亿元（8700万美元），较2020年第一季度的负现金流净额人民币1.852亿元增加人民币7.554亿元，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>2021年4月，本公司交付5，539辆Li，较2020年4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家服务中心以及在105个城市运营的理想汽车授权车身和油漆店。</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862.5百万美元的于二零二八年到期的0.25%可换股优先票据（「票据」），当中包括初始买家于票据发售中全面行使其购买票据本金总额最多额外112.5百万美元的选择权。</li><li>本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，及(iii)营运资金及其他一般企业用途。</li></ul><b>2021李一</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，该公司正式发布了2021款理想ONE，这是全球首款将ADAS导航（NOA）作为标准配置的汽车。它进行了全面升级，包括增强1,080公里的NEDC续航里程、优化的移动舒适性和更智能的座舱，以人民币338,000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动力总成系统，2021款Li ONE可实现1080公里的NEDC续航和890公里的WLTC续航。基于NEDC标准工况，其燃油模式下的能效为每百公里6.05升，在大型四驱SUV中名列前茅。</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评论道：“我们在本季度交付了 12,579 辆理想 ONE，同比增长 334.4%。理想 ONE 是第一季度中国第二畅销的新能源 SUV，因为我们引人注目的产品和卓越的用户体验继续取悦用户并提升品牌知名度，而我们直销和服务网络的坚定支持也支撑了我们的增长。</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&amp;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Li ONE。该车型将增程式电动技术提升到了一个全新的高度，NEDC续航里程达到了1080公里，WLTC续航里程达到了890公里。其燃油模式下的能效，基于NEDC标准工况，百公里油耗低至6.05升，这一水平在大型四驱SUV中是无与伦比的。我对我们的研发团队在改进增程技术方面取得的成功感到非常自豪。</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 是全球首款标准配置 ADAS 导航的车型。2021 款 Li ONE 将我们自主研发的 ADAS 与专用的双 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，提供更安全、更轻松、更便捷的驾驶体验，这与我们的信念相呼应，即主动安全应该是标准配置，而不是可选配置。</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以其宽敞的六座内饰布局深受家庭用户的喜爱。2021款理想ONE在空间、舒适性和智能化方面都得到了提升，前排和第二排座椅均配备了腰部按摩功能，第三排腿部空间增加了41毫米，同时还配备了更智能的车内语音助手'理想同学'，为更多家庭提供了更高品质、更舒适、更宽敞、更智能的整体空间。</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>“有没有可能制造出一款让家庭更幸福的智能电动汽车？有了 2021 款 Li ONE，我们可以自信地说是的，响亮的是!”结论DMR。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&amp;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&amp;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，较二零二零年第一季度增长逾四倍，超出收入指引上限11.2%，而我们的毛利率保持强劲，为17.3%。由于我们持续加大研发投资以及直销和服务网络建设，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8.4亿美元的所得款项净额，随着我们增加对领先技术的研发投资，为新车型的推出做好准备，并为需求的进一步增长做好准备，加强了我们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>收入总额</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%。二零二零年第一季度车辆销售收入增加，主要是由于我们销售网络的持续扩展导致车辆交付量增加所致。车辆销售收入较二零二零年第四季度减少主要由于车辆交付量减少，而车辆交付量受到与中国新年假期相关的季节性因素以及二零二一年二月中国北方局部COVID-19爆发的影响。</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（17.0百万美元），较2020年第一季度的人民币10.6百万元增长951.9%，较2020年第四季度的人民币89.2百万元增长25.0%。于二零二零年第一季度及第四季度，其他销售及服务收入增加主要由于充电桩、配件及服务的销售额随累计车辆销量增加而增加。</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616.7百万元（94.1百万美元），较2020年第一季度的人民币68.3百万元增长802.9%，较2020年第四季度的人民币724.6百万元减少14.9%。</li><li><b>车辆余量</b>2021年第一季度为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。2020年第一季度车辆利润率的增加主要归因于产量增加导致的材料成本下降和单位制造间接成本下降。车辆利润率较二零二零年第四季度略有下降，主要是由于二零二一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销。</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推动。</li></ul><b>营运开支</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>营运开支</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>研发开支</b>2021年第一季度为人民币514.5百万元（78.5百万美元），较2020年第一季度的人民币189.7百万元增长171.2%，较2020年第四季度的人民币374.2百万元增长37.5%。<b>非 GAAP 研发费用</b>3 2021年第一季度为人民币397.9百万元（60.7百万美元），较二零二零年第一季度的人民币189.7百万元增长109.8%，较二零二零年第四季度的人民币369.1百万元增长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所产生的股份补偿费用增加，而附带服务条件和与我们 2020 年第一季度首次公开募股相关的业绩条件的购股权并未确认股份补偿费用，(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509.9百万元（77.8百万美元），较2020年第一季度的人民币112.8百万元增长352.0%，较2020年第四季度的人民币429.3百万元增长18.8%。<b>非 GAAP 销售、一般和管理费用</b>3 2021年第一季度为人民币449.8百万元（68.7百万美元），较2020年第一季度的人民币112.8百万元增长298.8%，较2020年第四季度的人民币426.8百万元增长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大，员工人数和租赁费用的增加，以及 (iii) 基于股份的薪酬费用的增加。</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407.7百万元（62.2百万美元），较2020年第一季度的人民币234.2百万元增长74.1%，较2020年第四季度的人民币78.9百万元增长416.7%。<b>非公认会计准则运营亏损</b>2021年第一季度为人民币224.8百万元（34.3百万美元），较2020年第一季度的人民币234.2百万元减少4.0%，较2020年第四季度的人民币71.1百万元增加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 年第一季度净亏损为人民币 360.0 百万元（54.9 百万美元），而 2020 年第一季度净亏损为人民币 77.1 百万元，2020 年第四季度净利润为人民币 1.075 百万元。<b>非公认会计准则净亏损</b>2021年第一季度净亏损为人民币1.770亿元（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>普通股股东应占每股美国存托凭证基本及摊薄净亏损6</b>2021 年第一季度均为人民币 0.40 元（0.06 美元）。<b>非 GAAP 普通股股东应占每股美国存托凭证基本和摊薄净亏损</b>2021 年第一季度3 人均为人民币 0.20 元（0.03 美元）。</li></ul><b>现金状况、经营现金流量及自由现金流量</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、定期存款及短期投资馀额</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年第一季度的负现金流量人民币6.30亿元增加人民币9.893亿元，较2020年第四季度的人民币18.2亿元减少49.1%。</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年第一季度的负现金流量人民币1.852亿元增加人民币7.554亿元，较2020年第四季度的人民币16.0亿元减少64.3%。</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>14,500 辆至 15,500 辆，较 2020 年第二季度增长 119.6% 至 134.7%。</li><li><b>收入总额</b>为人民币39.9亿元（6.09亿美元）至人民币42.7亿元（6.517亿美元），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，市场状况可能会发生变化。</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":3635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":181310716,"gmtCreate":1623373582635,"gmtModify":1634034067418,"author":{"id":"3583354561720053","authorId":"3583354561720053","name":"RTRaman","avatar":"https://static.tigerbbs.com/ab6f03b59ce2dedb94eb1ac7878da669","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583354561720053","authorIdStr":"3583354561720053"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/181310716","repostId":"1184070773","repostType":4,"isVote":1,"tweetType":1,"viewCount":1719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"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,"idStr":"3583354561720053","authorIdStr":"3583354561720053"},"themes":[],"title":"","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":1917,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181339179,"gmtCreate":1623373157491,"gmtModify":1634034074985,"author":{"id":"3583354561720053","authorId":"3583354561720053","name":"RTRaman","avatar":"https://static.tigerbbs.com/ab6f03b59ce2dedb94eb1ac7878da669","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583354561720053","authorIdStr":"3583354561720053"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/181339179","repostId":"1118137604","repostType":4,"isVote":1,"tweetType":1,"viewCount":2703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132365363,"gmtCreate":1622072843452,"gmtModify":1634184198949,"author":{"id":"3583354561720053","authorId":"3583354561720053","name":"RTRaman","avatar":"https://static.tigerbbs.com/ab6f03b59ce2dedb94eb1ac7878da669","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583354561720053","authorIdStr":"3583354561720053"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132365363","repostId":"1198109956","repostType":4,"repost":{"id":"1198109956","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":1622072280,"share":"https://www.laohunote.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>Nvidia EPS 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&nbsp;27)&nbsp;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 日的第一季度营收创纪录，达到 56.6 亿美元，同比增长 84%，比上一季度增长 13%，其中公司游戏、数据中心和专业可视化平台的营收创下历史新高。</blockquote></p><p><ul><li>Nvidia&nbsp;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，超出 0.38 美元；GAAP 每股收益为 3.03 美元，超出 0.51 美元。</li><li>收入 $5.66B（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&nbsp;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&nbsp;of&nbsp;Nvidia&nbsp;fell&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;afterhour&nbsp;trading.</p><p><blockquote><ul><li>收入预计为 63.0 亿美元，比预期上涨或下跌 2%。$5.48B 共识。</li><li>GAAP 和非 GAAP 毛利率预计分别为 64.6% 和 66.5%，正负 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约为 5000 万美元。</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赤字，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说：”我们度过了一个非常棒的季度，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>“随着全球各行各业采用 NVIDIA AI 来处理计算机视觉、对话式人工智能、自然语言理解和推荐系统，我们的数据中心 (VPN) 业务不断扩展。NVIDIA RTX 重新发明了计算机图形，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。在各行各业，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 NVIDIA 转变为一家数据中心规模的计算公司。我们计划收购 Arm，这将加速 Arm 生态系统的创新和发展。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，NVIDIA 将继续开展有影响力的工作，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。该公司将于 2021 年 7 月 1 日向 2021 年 6 月 10 日登记在册的所有股东支付下一季度现金股息每股 0.16 美元。</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，公司董事会宣布将英伟达普通股进行四比一的分割，以股票股息的形式支付，预计新增股份将于 2021 年 7 月 19 日分配。股票分红的条件是在 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，将授权普通股数量从 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>自上次公布财报以来，英伟达在这些领域取得了进展：</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>第一季度收入达到创纪录的27.6亿美元，同比增长106%，比上一季度增长11%。</li><li>随着 GeForce RTX 的推出，搭载 NVIDIA 第二代 RTX 显卡的笔记本电脑浪潮更加广泛™3060 笔记本电脑 GPU 系统起价 999 美元，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>AcceleratedRTX 势头现已推出超过 60 款游戏，包括<i>《使命召唤：现代战争》、《孤岛危机》重制版</i>和<i>拓荒者。</i></li><li>除了之前降低 RTX 3060 散列率的措施外，还采取措施降低新生产的 RTX 3080、3070 和 3060 Ti 显卡上的以太币散列率（这些显卡带有 “Lite Hash Rate ”或 “LHR ”标识符），以改善游戏玩家对 GeForce GPU 的访问。</li><li>宣布NVIDIA DLSS现在可以在虚幻引擎4中使用，很快可以在Unity游戏引擎中使用。</li><li>宣布可减少系统延迟的 NVIDIA Reflex 现已整合到<i>看涨期权执勤战区</i>,<i>守望先锋</i>和<i>彩虹六号</i><i>: 围攻</i>.</li><li>立即宣布™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1000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>第一季度收入达到创纪录的20.5亿美元，同比增长79%，比上一季度增长8%。</li><li>虚拟举办了规模最大的everGPU技术大会，来自195个国家的超过200,000人注册，开幕主题演讲的浏览量超过1400万次。</li><li>Nvidia Grace 揭晓™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，通过基于GPU加速的AWS Graviton2的Amazon EC2实例部署Nvidia GPU推理，使GPU加速的游戏能够在AWS上本地运行，并允许基于Arm的工作负载具有更高的性能。</li><li>theNVIDIA 揭晓®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>发布新款 NVIDIA DGX SuperPOD™第一台云原生、多租户超级计算机，客户涉及对话式人工智能、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针对主流服务器的 Vidia A30 和 A10 GPU 进行了扩展，并在最新发布的 MLPerf 基准测试中创下了一系列工作负载人工智能性能的每个类别的记录。</li><li>发布了适用于 VMware vSphere 的 Vidia 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>然后推出了VIDIA 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™，基于视频的实时体验框架。</li><li>推出NVIDIA TAO，一个加速创建企业人工智能应用程序的框架。</li><li>通过 NVIDIA Clara Discovery 扩大了其支持药物开发和发现的工作，宣布与 Schrödinger 建立合作伙伴关系，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，比去年同期和上一季度增长 21%。</li><li>NVIDIA Omniverse 推出™用于实时3D设计和协作的企业软件，BMW集团、Foster+Partners和WPP是早期客户。</li><li>Nvidia RTX 揭晓™适用于下一代笔记本电脑和台式机工作站的GPUS，包括用于台式机的NVIDIA RTX A4000和A5000，以及用于笔记本电脑的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™&nbsp;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>第一季度收入为 1.54 亿美元，同比下降 1%，比上一季度增长 6%。</li><li>NVIDIA DRIVE Atlan 发布™这是一款支持人工智能的自动驾驶汽车处理器，具有 1000 个顶部和数据中心级安全性，目标是汽车制造商的 2025 年汽车。</li><li>宣布 Nvidia DRIVE Hyperion™8、最新一代功能齐全的开放平台，减少了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™从2022年开始，将为上汽R Auto、IM Motors、Faraday Future和VinFast的智能新能源汽车提供动力。</li><li>继亚马逊 Zoox、滴滴 (DIDI)、Oxbotica、Pony.ai 和 AutoX 宣布之后，Cruise 是最新一家选择 NVIDIA DRIVE 的 Trobotaxi 公司。</li><li>宣布沃尔沃汽车将使用 NVIDIA DRIVE Orin™为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 Vidia DRIVE Platforms 为梅赛德斯-奔驰新款 EQS 轿车的人工智能驾驶舱 MBUX Hyperscreen 提供动力。</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 companyPlus 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>Nvidia EPS 超过预期 0.38 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\">\nNvidia EPS beats by $0.38, beats on revenue<blockquote>Nvidia EPS 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&nbsp;27)&nbsp;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 日的第一季度营收创纪录，达到 56.6 亿美元，同比增长 84%，比上一季度增长 13%，其中公司游戏、数据中心和专业可视化平台的营收创下历史新高。</blockquote></p><p><ul><li>Nvidia&nbsp;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，超出 0.38 美元；GAAP 每股收益为 3.03 美元，超出 0.51 美元。</li><li>收入 $5.66B（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&nbsp;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&nbsp;of&nbsp;Nvidia&nbsp;fell&nbsp;nearly&nbsp;1%&nbsp;in&nbsp;afterhour&nbsp;trading.</p><p><blockquote><ul><li>收入预计为 63.0 亿美元，比预期上涨或下跌 2%。$5.48B 共识。</li><li>GAAP 和非 GAAP 毛利率预计分别为 64.6% 和 66.5%，正负 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约为 5000 万美元。</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赤字，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说：”我们度过了一个非常棒的季度，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>“随着全球各行各业采用 NVIDIA AI 来处理计算机视觉、对话式人工智能、自然语言理解和推荐系统，我们的数据中心 (VPN) 业务不断扩展。NVIDIA RTX 重新发明了计算机图形，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。在各行各业，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 NVIDIA 转变为一家数据中心规模的计算公司。我们计划收购 Arm，这将加速 Arm 生态系统的创新和发展。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，NVIDIA 将继续开展有影响力的工作，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。该公司将于 2021 年 7 月 1 日向 2021 年 6 月 10 日登记在册的所有股东支付下一季度现金股息每股 0.16 美元。</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，公司董事会宣布将英伟达普通股进行四比一的分割，以股票股息的形式支付，预计新增股份将于 2021 年 7 月 19 日分配。股票分红的条件是在 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，将授权普通股数量从 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>自上次公布财报以来，英伟达在这些领域取得了进展：</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>第一季度收入达到创纪录的27.6亿美元，同比增长106%，比上一季度增长11%。</li><li>随着 GeForce RTX 的推出，搭载 NVIDIA 第二代 RTX 显卡的笔记本电脑浪潮更加广泛™3060 笔记本电脑 GPU 系统起价 999 美元，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>AcceleratedRTX 势头现已推出超过 60 款游戏，包括<i>《使命召唤：现代战争》、《孤岛危机》重制版</i>和<i>拓荒者。</i></li><li>除了之前降低 RTX 3060 散列率的措施外，还采取措施降低新生产的 RTX 3080、3070 和 3060 Ti 显卡上的以太币散列率（这些显卡带有 “Lite Hash Rate ”或 “LHR ”标识符），以改善游戏玩家对 GeForce GPU 的访问。</li><li>宣布NVIDIA DLSS现在可以在虚幻引擎4中使用，很快可以在Unity游戏引擎中使用。</li><li>宣布可减少系统延迟的 NVIDIA Reflex 现已整合到<i>看涨期权执勤战区</i>,<i>守望先锋</i>和<i>彩虹六号</i><i>: 围攻</i>.</li><li>立即宣布™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1000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>第一季度收入达到创纪录的20.5亿美元，同比增长79%，比上一季度增长8%。</li><li>虚拟举办了规模最大的everGPU技术大会，来自195个国家的超过200,000人注册，开幕主题演讲的浏览量超过1400万次。</li><li>Nvidia Grace 揭晓™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，通过基于GPU加速的AWS Graviton2的Amazon EC2实例部署Nvidia GPU推理，使GPU加速的游戏能够在AWS上本地运行，并允许基于Arm的工作负载具有更高的性能。</li><li>theNVIDIA 揭晓®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>发布新款 NVIDIA DGX SuperPOD™第一台云原生、多租户超级计算机，客户涉及对话式人工智能、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针对主流服务器的 Vidia A30 和 A10 GPU 进行了扩展，并在最新发布的 MLPerf 基准测试中创下了一系列工作负载人工智能性能的每个类别的记录。</li><li>发布了适用于 VMware vSphere 的 Vidia 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>然后推出了VIDIA 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™，基于视频的实时体验框架。</li><li>推出NVIDIA TAO，一个加速创建企业人工智能应用程序的框架。</li><li>通过 NVIDIA Clara Discovery 扩大了其支持药物开发和发现的工作，宣布与 Schrödinger 建立合作伙伴关系，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，比去年同期和上一季度增长 21%。</li><li>NVIDIA Omniverse 推出™用于实时3D设计和协作的企业软件，BMW集团、Foster+Partners和WPP是早期客户。</li><li>Nvidia RTX 揭晓™适用于下一代笔记本电脑和台式机工作站的GPUS，包括用于台式机的NVIDIA RTX A4000和A5000，以及用于笔记本电脑的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™&nbsp;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>第一季度收入为 1.54 亿美元，同比下降 1%，比上一季度增长 6%。</li><li>NVIDIA DRIVE Atlan 发布™这是一款支持人工智能的自动驾驶汽车处理器，具有 1000 个顶部和数据中心级安全性，目标是汽车制造商的 2025 年汽车。</li><li>宣布 Nvidia DRIVE Hyperion™8、最新一代功能齐全的开放平台，减少了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™从2022年开始，将为上汽R Auto、IM Motors、Faraday Future和VinFast的智能新能源汽车提供动力。</li><li>继亚马逊 Zoox、滴滴 (DIDI)、Oxbotica、Pony.ai 和 AutoX 宣布之后，Cruise 是最新一家选择 NVIDIA DRIVE 的 Trobotaxi 公司。</li><li>宣布沃尔沃汽车将使用 NVIDIA DRIVE Orin™为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 Vidia DRIVE Platforms 为梅赛德斯-奔驰新款 EQS 轿车的人工智能驾驶舱 MBUX Hyperscreen 提供动力。</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 companyPlus 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":2048,"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":[],"title":"","htmlText":"Missed to buy last week&nbsp;[龇牙]&nbsp;","listText":"Missed to buy last week&nbsp;[龇牙]&nbsp;","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.laohunote.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>理想汽车每股收益超过预期 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)&nbsp;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&nbsp;31, 2021.</p><p><blockquote>(5月26日）中国新能源汽车市场的创新者理想汽车公司（纳斯达克股票代码：LI）今天公布了截至2021年3月31日的第一季度未经审计的财务业绩。</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)&nbsp;<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>:&nbsp;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>0.01美元；GAAP 每股收益为 -0.06 美元<b>失误</b>只需0.05美元。</li><li>收入 5.457 亿美元（同比增长 319.8%）<b>节拍</b>增加4226万美元。</li><li>季度总收入达到人民币35.8亿元（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，共识为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>二零二一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年第一季度理想汽车交付量为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，该公司在49个城市拥有65家零售店，在98个城市拥有135个服务中心和理想汽车授权的车身和油漆店。</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年第一季度汽车销量为人民币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年第一季度车辆利润率2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%。</li><li>2021年第一季度毛利为人民币616.7百万元（94.1百万美元），较2020年第一季度的人民币68.3百万元增长802.9%，较2020年第四季度的人民币724.6百万元下降14.9%。</li><li>2021年第一季度的毛利率为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407.7百万元（62.2百万美元），较2020年第一季度的人民币234.2百万元增长74.1%，较2020年第四季度的人民币78.9百万元增长416.7%。2021 年第一季度非 GAAP 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 亿元减少 4.0%，较 2020 年第四季度的人民币 7110 万元增加 216.2%。</li><li>2021 年第一季度净亏损为人民币 360.0 百万元（54.9 百万美元），而 2020 年第一季度净亏损为人民币 77.1 百万元，2020 年第四季度净利润为人民币 1.075 百万元。2021 年第一季度非 GAAP 净亏损 3 为人民币 1.770 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年第一季度的经营现金流量为人民币9.263亿元（1.414亿美元），较2020年第一季度的负现金流量净额人民币6.3亿元增加人民币9.893亿元，较2020年第四季度的人民币18.2亿元减少49.1%。</li><li>2021年第一季度的自由现金流4为人民币5.702亿元（8700万美元），较2020年第一季度的负现金流净额人民币1.852亿元增加人民币7.554亿元，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>2021年4月，本公司交付5，539辆Li，较2020年4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家服务中心以及在105个城市运营的理想汽车授权车身和油漆店。</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862.5百万美元的于二零二八年到期的0.25%可换股优先票据（「票据」），当中包括初始买家于票据发售中全面行使其购买票据本金总额最多额外112.5百万美元的选择权。</li><li>本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，及(iii)营运资金及其他一般企业用途。</li></ul><b>2021李一</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，该公司正式发布了2021款理想ONE，这是全球首款将ADAS导航（NOA）作为标准配置的汽车。它进行了全面升级，包括增强1,080公里的NEDC续航里程、优化的移动舒适性和更智能的座舱，以人民币338,000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动力总成系统，2021款Li ONE可实现1080公里的NEDC续航和890公里的WLTC续航。基于NEDC标准工况，其燃油模式下的能效为每百公里6.05升，在大型四驱SUV中名列前茅。</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评论道：“我们在本季度交付了 12,579 辆理想 ONE，同比增长 334.4%。理想 ONE 是第一季度中国第二畅销的新能源 SUV，因为我们引人注目的产品和卓越的用户体验继续取悦用户并提升品牌知名度，而我们直销和服务网络的坚定支持也支撑了我们的增长。</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&amp;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Li ONE。该车型将增程式电动技术提升到了一个全新的高度，NEDC续航里程达到了1080公里，WLTC续航里程达到了890公里。其燃油模式下的能效，基于NEDC标准工况，百公里油耗低至6.05升，这一水平在大型四驱SUV中是无与伦比的。我对我们的研发团队在改进增程技术方面取得的成功感到非常自豪。</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 是全球首款标准配置 ADAS 导航的车型。2021 款 Li ONE 将我们自主研发的 ADAS 与专用的双 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，提供更安全、更轻松、更便捷的驾驶体验，这与我们的信念相呼应，即主动安全应该是标准配置，而不是可选配置。</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以其宽敞的六座内饰布局深受家庭用户的喜爱。2021款理想ONE在空间、舒适性和智能化方面都得到了提升，前排和第二排座椅均配备了腰部按摩功能，第三排腿部空间增加了41毫米，同时还配备了更智能的车内语音助手'理想同学'，为更多家庭提供了更高品质、更舒适、更宽敞、更智能的整体空间。</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>“有没有可能制造出一款让家庭更幸福的智能电动汽车？有了 2021 款 Li ONE，我们可以自信地说是的，响亮的是!”结论DMR。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&amp;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&amp;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，较二零二零年第一季度增长逾四倍，超出收入指引上限11.2%，而我们的毛利率保持强劲，为17.3%。由于我们持续加大研发投资以及直销和服务网络建设，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8.4亿美元的所得款项净额，随着我们增加对领先技术的研发投资，为新车型的推出做好准备，并为需求的进一步增长做好准备，加强了我们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>收入总额</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%。二零二零年第一季度车辆销售收入增加，主要是由于我们销售网络的持续扩展导致车辆交付量增加所致。车辆销售收入较二零二零年第四季度减少主要由于车辆交付量减少，而车辆交付量受到与中国新年假期相关的季节性因素以及二零二一年二月中国北方局部COVID-19爆发的影响。</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（17.0百万美元），较2020年第一季度的人民币10.6百万元增长951.9%，较2020年第四季度的人民币89.2百万元增长25.0%。于二零二零年第一季度及第四季度，其他销售及服务收入增加主要由于充电桩、配件及服务的销售额随累计车辆销量增加而增加。</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616.7百万元（94.1百万美元），较2020年第一季度的人民币68.3百万元增长802.9%，较2020年第四季度的人民币724.6百万元减少14.9%。</li><li><b>车辆余量</b>2021年第一季度为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。2020年第一季度车辆利润率的增加主要归因于产量增加导致的材料成本下降和单位制造间接成本下降。车辆利润率较二零二零年第四季度略有下降，主要是由于二零二一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销。</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推动。</li></ul><b>营运开支</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>营运开支</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>研发开支</b>2021年第一季度为人民币514.5百万元（78.5百万美元），较2020年第一季度的人民币189.7百万元增长171.2%，较2020年第四季度的人民币374.2百万元增长37.5%。<b>非 GAAP 研发费用</b>3 2021年第一季度为人民币397.9百万元（60.7百万美元），较二零二零年第一季度的人民币189.7百万元增长109.8%，较二零二零年第四季度的人民币369.1百万元增长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所产生的股份补偿费用增加，而附带服务条件和与我们 2020 年第一季度首次公开募股相关的业绩条件的购股权并未确认股份补偿费用，(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509.9百万元（77.8百万美元），较2020年第一季度的人民币112.8百万元增长352.0%，较2020年第四季度的人民币429.3百万元增长18.8%。<b>非 GAAP 销售、一般和管理费用</b>3 2021年第一季度为人民币449.8百万元（68.7百万美元），较2020年第一季度的人民币112.8百万元增长298.8%，较2020年第四季度的人民币426.8百万元增长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大，员工人数和租赁费用的增加，以及 (iii) 基于股份的薪酬费用的增加。</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407.7百万元（62.2百万美元），较2020年第一季度的人民币234.2百万元增长74.1%，较2020年第四季度的人民币78.9百万元增长416.7%。<b>非公认会计准则运营亏损</b>2021年第一季度为人民币224.8百万元（34.3百万美元），较2020年第一季度的人民币234.2百万元减少4.0%，较2020年第四季度的人民币71.1百万元增加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 年第一季度净亏损为人民币 360.0 百万元（54.9 百万美元），而 2020 年第一季度净亏损为人民币 77.1 百万元，2020 年第四季度净利润为人民币 1.075 百万元。<b>非公认会计准则净亏损</b>2021年第一季度净亏损为人民币1.770亿元（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>普通股股东应占每股美国存托凭证基本及摊薄净亏损6</b>2021 年第一季度均为人民币 0.40 元（0.06 美元）。<b>非 GAAP 普通股股东应占每股美国存托凭证基本和摊薄净亏损</b>2021 年第一季度3 人均为人民币 0.20 元（0.03 美元）。</li></ul><b>现金状况、经营现金流量及自由现金流量</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、定期存款及短期投资馀额</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年第一季度的负现金流量人民币6.30亿元增加人民币9.893亿元，较2020年第四季度的人民币18.2亿元减少49.1%。</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年第一季度的负现金流量人民币1.852亿元增加人民币7.554亿元，较2020年第四季度的人民币16.0亿元减少64.3%。</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>14,500 辆至 15,500 辆，较 2020 年第二季度增长 119.6% 至 134.7%。</li><li><b>收入总额</b>为人民币39.9亿元（6.09亿美元）至人民币42.7亿元（6.517亿美元），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，市场状况可能会发生变化。</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 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.h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #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>理想汽车每股收益超过预期 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)&nbsp;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&nbsp;31, 2021.</p><p><blockquote>(5月26日）中国新能源汽车市场的创新者理想汽车公司（纳斯达克股票代码：LI）今天公布了截至2021年3月31日的第一季度未经审计的财务业绩。</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)&nbsp;<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>:&nbsp;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>0.01美元；GAAP 每股收益为 -0.06 美元<b>失误</b>只需0.05美元。</li><li>收入 5.457 亿美元（同比增长 319.8%）<b>节拍</b>增加4226万美元。</li><li>季度总收入达到人民币35.8亿元（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，共识为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>二零二一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年第一季度理想汽车交付量为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，该公司在49个城市拥有65家零售店，在98个城市拥有135个服务中心和理想汽车授权的车身和油漆店。</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年第一季度汽车销量为人民币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年第一季度车辆利润率2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%。</li><li>2021年第一季度毛利为人民币616.7百万元（94.1百万美元），较2020年第一季度的人民币68.3百万元增长802.9%，较2020年第四季度的人民币724.6百万元下降14.9%。</li><li>2021年第一季度的毛利率为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407.7百万元（62.2百万美元），较2020年第一季度的人民币234.2百万元增长74.1%，较2020年第四季度的人民币78.9百万元增长416.7%。2021 年第一季度非 GAAP 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 亿元减少 4.0%，较 2020 年第四季度的人民币 7110 万元增加 216.2%。</li><li>2021 年第一季度净亏损为人民币 360.0 百万元（54.9 百万美元），而 2020 年第一季度净亏损为人民币 77.1 百万元，2020 年第四季度净利润为人民币 1.075 百万元。2021 年第一季度非 GAAP 净亏损 3 为人民币 1.770 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年第一季度的经营现金流量为人民币9.263亿元（1.414亿美元），较2020年第一季度的负现金流量净额人民币6.3亿元增加人民币9.893亿元，较2020年第四季度的人民币18.2亿元减少49.1%。</li><li>2021年第一季度的自由现金流4为人民币5.702亿元（8700万美元），较2020年第一季度的负现金流净额人民币1.852亿元增加人民币7.554亿元，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>2021年4月，本公司交付5，539辆Li，较2020年4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家服务中心以及在105个城市运营的理想汽车授权车身和油漆店。</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862.5百万美元的于二零二八年到期的0.25%可换股优先票据（「票据」），当中包括初始买家于票据发售中全面行使其购买票据本金总额最多额外112.5百万美元的选择权。</li><li>本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，及(iii)营运资金及其他一般企业用途。</li></ul><b>2021李一</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，该公司正式发布了2021款理想ONE，这是全球首款将ADAS导航（NOA）作为标准配置的汽车。它进行了全面升级，包括增强1,080公里的NEDC续航里程、优化的移动舒适性和更智能的座舱，以人民币338,000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动力总成系统，2021款Li ONE可实现1080公里的NEDC续航和890公里的WLTC续航。基于NEDC标准工况，其燃油模式下的能效为每百公里6.05升，在大型四驱SUV中名列前茅。</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评论道：“我们在本季度交付了 12,579 辆理想 ONE，同比增长 334.4%。理想 ONE 是第一季度中国第二畅销的新能源 SUV，因为我们引人注目的产品和卓越的用户体验继续取悦用户并提升品牌知名度，而我们直销和服务网络的坚定支持也支撑了我们的增长。</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&amp;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Li ONE。该车型将增程式电动技术提升到了一个全新的高度，NEDC续航里程达到了1080公里，WLTC续航里程达到了890公里。其燃油模式下的能效，基于NEDC标准工况，百公里油耗低至6.05升，这一水平在大型四驱SUV中是无与伦比的。我对我们的研发团队在改进增程技术方面取得的成功感到非常自豪。</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 是全球首款标准配置 ADAS 导航的车型。2021 款 Li ONE 将我们自主研发的 ADAS 与专用的双 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，提供更安全、更轻松、更便捷的驾驶体验，这与我们的信念相呼应，即主动安全应该是标准配置，而不是可选配置。</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以其宽敞的六座内饰布局深受家庭用户的喜爱。2021款理想ONE在空间、舒适性和智能化方面都得到了提升，前排和第二排座椅均配备了腰部按摩功能，第三排腿部空间增加了41毫米，同时还配备了更智能的车内语音助手'理想同学'，为更多家庭提供了更高品质、更舒适、更宽敞、更智能的整体空间。</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>“有没有可能制造出一款让家庭更幸福的智能电动汽车？有了 2021 款 Li ONE，我们可以自信地说是的，响亮的是!”结论DMR。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&amp;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&amp;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，较二零二零年第一季度增长逾四倍，超出收入指引上限11.2%，而我们的毛利率保持强劲，为17.3%。由于我们持续加大研发投资以及直销和服务网络建设，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8.4亿美元的所得款项净额，随着我们增加对领先技术的研发投资，为新车型的推出做好准备，并为需求的进一步增长做好准备，加强了我们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>收入总额</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%。二零二零年第一季度车辆销售收入增加，主要是由于我们销售网络的持续扩展导致车辆交付量增加所致。车辆销售收入较二零二零年第四季度减少主要由于车辆交付量减少，而车辆交付量受到与中国新年假期相关的季节性因素以及二零二一年二月中国北方局部COVID-19爆发的影响。</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（17.0百万美元），较2020年第一季度的人民币10.6百万元增长951.9%，较2020年第四季度的人民币89.2百万元增长25.0%。于二零二零年第一季度及第四季度，其他销售及服务收入增加主要由于充电桩、配件及服务的销售额随累计车辆销量增加而增加。</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616.7百万元（94.1百万美元），较2020年第一季度的人民币68.3百万元增长802.9%，较2020年第四季度的人民币724.6百万元减少14.9%。</li><li><b>车辆余量</b>2021年第一季度为16.9%，而2020年第一季度为8.4%，2020年第四季度为17.1%。2020年第一季度车辆利润率的增加主要归因于产量增加导致的材料成本下降和单位制造间接成本下降。车辆利润率较二零二零年第四季度略有下降，主要是由于二零二一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销。</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推动。</li></ul><b>营运开支</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>营运开支</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>研发开支</b>2021年第一季度为人民币514.5百万元（78.5百万美元），较2020年第一季度的人民币189.7百万元增长171.2%，较2020年第四季度的人民币374.2百万元增长37.5%。<b>非 GAAP 研发费用</b>3 2021年第一季度为人民币397.9百万元（60.7百万美元），较二零二零年第一季度的人民币189.7百万元增长109.8%，较二零二零年第四季度的人民币369.1百万元增长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所产生的股份补偿费用增加，而附带服务条件和与我们 2020 年第一季度首次公开募股相关的业绩条件的购股权并未确认股份补偿费用，(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509.9百万元（77.8百万美元），较2020年第一季度的人民币112.8百万元增长352.0%，较2020年第四季度的人民币429.3百万元增长18.8%。<b>非 GAAP 销售、一般和管理费用</b>3 2021年第一季度为人民币449.8百万元（68.7百万美元），较2020年第一季度的人民币112.8百万元增长298.8%，较2020年第四季度的人民币426.8百万元增长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大，员工人数和租赁费用的增加，以及 (iii) 基于股份的薪酬费用的增加。</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407.7百万元（62.2百万美元），较2020年第一季度的人民币234.2百万元增长74.1%，较2020年第四季度的人民币78.9百万元增长416.7%。<b>非公认会计准则运营亏损</b>2021年第一季度为人民币224.8百万元（34.3百万美元），较2020年第一季度的人民币234.2百万元减少4.0%，较2020年第四季度的人民币71.1百万元增加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 年第一季度净亏损为人民币 360.0 百万元（54.9 百万美元），而 2020 年第一季度净亏损为人民币 77.1 百万元，2020 年第四季度净利润为人民币 1.075 百万元。<b>非公认会计准则净亏损</b>2021年第一季度净亏损为人民币1.770亿元（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>普通股股东应占每股美国存托凭证基本及摊薄净亏损6</b>2021 年第一季度均为人民币 0.40 元（0.06 美元）。<b>非 GAAP 普通股股东应占每股美国存托凭证基本和摊薄净亏损</b>2021 年第一季度3 人均为人民币 0.20 元（0.03 美元）。</li></ul><b>现金状况、经营现金流量及自由现金流量</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、定期存款及短期投资馀额</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年第一季度的负现金流量人民币6.30亿元增加人民币9.893亿元，较2020年第四季度的人民币18.2亿元减少49.1%。</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年第一季度的负现金流量人民币1.852亿元增加人民币7.554亿元，较2020年第四季度的人民币16.0亿元减少64.3%。</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>14,500 辆至 15,500 辆，较 2020 年第二季度增长 119.6% 至 134.7%。</li><li><b>收入总额</b>为人民币39.9亿元（6.09亿美元）至人民币42.7亿元（6.517亿美元），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，市场状况可能会发生变化。</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":3635,"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":[],"title":"","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":3848,"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":[],"title":"","htmlText":"Good one. 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