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

CTOnews.com January 30 news, Beiqi Blue Valley New Energy Technology Co., Ltd. today in the Shanghai Stock Exchange issued an announcement, Estimated 2022 attributable to shareholders of listed companies net loss of 5.2 billion yuan to 5.8 billion yuan; Estimated 2022 attributable to shareholders of listed companies after deducting non-recurring profits and losses net loss of 6.2 billion yuan to 5.6 billion yuan.

The main reasons for the pre-loss of performance for the current period are:

In 2022, due to the rising price of upstream raw materials, the cost of power batteries and other parts increased, squeezing the profit margin of the Company and having a great impact on the Company's performance.

The sales volume of the company's products is still in a period of rapid improvement, and the scale effect is not obvious. At the same time, in order to enhance the core competitiveness of the market, the Company continued to invest in technology research and development and brand channel construction, which had an impact on the Company's performance.

CTOnews.com understands that Beiqi Blue Valley has continued to lose money in recent years. In 2021, the net loss attributable to shareholders of listed companies was 5.24 billion yuan, and the net loss attributable to shareholders of listed companies excluding non-recurring profits and losses was 5.54 billion yuan.

Beiqi Blue Valley mainly operates two brands, Beijing Automobile and Polar Fox Automobile, among which Beiqi New Energy has sustained losses in recent years. The wholesale volume of Polar Fox in the first three quarters of 2022 is only 9829 vehicles, which is less than 25% of the annual sales target of 40,000 vehicles.

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