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

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com October 28 news, according to the Shanghai stock e interactive platform, Cyrus Group Co., Ltd. today released the third quarter report of 2023. According to the report, Selis Group achieved 5.648 billion yuan in revenue in that quarter, down 47.25 percent from the same period last year, with a net loss of about 950 million yuan, compared with a net loss of 947 million yuan in the same period last year. However, net cash flow from operating activities increased by 147.59% in the quarter compared with the same period last year.

If you look at the cumulative amount of this year, the revenue of Cyrus Group in the first three quarters was 16.68 billion yuan, down 27.86% from the same period last year, with a net loss of 2.294 billion yuan, compared with about 2.675 billion yuan in the same period last year.

Cyrus said the change in revenue in the quarter was mainly due to a year-on-year decline in sales. The new M7 model was launched and delivered in late September, and revenue is expected to increase significantly as the company gradually delivers its products.

CTOnews.com previously reported that the September production and sales data released by Cyrus Group earlier this month showed that the brand achieved production of 17270 vehicles in that month, down 41.11% from the same month last year, and sales of 17952 vehicles, down 37.93% from the same period last year.

The production and sales of new energy vehicles (including but not limited to the AITO boundary) were 9062 and 10246 respectively, down 51.68% and 41.77% from the same period last year. Among them, the production and sales of Selis cars were 6101 and 7125, a decrease of 45.74% and 29.75% over the same period last year.

As a comparison, Selis's production and sales of new energy vehicles in August were 5711 and 6243 respectively.

From September to October this year, the popularity of the new M7, M9 and other models jointly designed by Huawei and Selis has increased unabated. According to Yu Chengdong, managing director of Huawei, terminal BG CEO and chairman of smart car solutions, as of 10:00 on October 7, there were a total of 55506 new M7s. Another flagship model, the M9, which will be unveiled in December, also has a stubbornly high popularity: as of October 25, bookings have exceeded 15000.

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