Shulou(Shulou.com)11/24 Report--

Phoenix New Media Technology News, September 9 news, according to the website of the Hong Kong Stock Exchange, Shen Yanan, executive director and president of ideal Motor (02015.HK), sold 600000 Hong Kong shares of ideal Motor on September 6, with an average price of US $13.125, cashing out US $7.875 million (about 54.52 million yuan).

Shen Yanan's stake in ideal Motor fell from 1.71% to 1.68%.

As of September 9, Hong Kong stocks closed, ideal Motors rose 1.77% to HK $103.6.

This is the second time that Shen Yanan has reduced his holdings this year, according to the official website of the Hong Kong Stock Exchange. the last time, on September 2, Shen Yanan sold 400000 ideal Hong Kong shares at an average trading price of US $13.2221, reducing his shareholding from 1.74% to 1.71%. He cashed out $5.2888 million (about 36.61 million yuan) and sold 1 million shares twice, cashing out $13.1638 million (about 9113 yuan).

Shen Yanan has been the ideal president since November 2015, responsible for the company's overall strategy, business development, supply chain management and sales and marketing. Before joining ideal, Shen Yanan was vice president of Lenovo, responsible for global supply chain operations.

According to the second-quarter results released a few days ago, ideal Automobile achieved revenue of 8.73 billion yuan, up 73.3 percent from 5.04 billion yuan in the second quarter of 2021, 8.7 percent lower than 9.56 billion yuan in the first quarter of 2022, and higher than the market expectation of 7.99 billion yuan. The net loss was 641 million yuan, an increase of 172.2% from 236 million yuan in the second quarter of 2021, and a net loss of 10.9 million yuan in the first quarter of 2022.

In terms of sales, ideal cars have recently encountered considerable challenges. Delivery in August halved to 4571, a drop of more than 50% year-on-year and month-on-month. From January to August this year, ideal delivered a total of 75400 vehicles, an increase of 56.5% over the same period last year. Its history has delivered nearly 200000 vehicles.

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