2065438+In August 2008, Weilai Automobile submitted the supplementary document 1 to the US Securities and Exchange Commission (SEC), and the IPO price range was set at 6.25 to 8.25 USD. According to the highest issue price, Weilai Automobile will raise up to15180,000 USD.
Subsequently, Weilai Automobile successfully completed the IPO listing, with a market value exceeding10 billion US dollars. With the effective control of the epidemic situation in China market and the unexpected delivery of Weilai, its market value has once again returned to the position of10 billion US dollars.
If we look at Li's small goal of $6,543.8+billion with the fundraising figures of Weilai Automobile, this money is actually of little significance to this new force of making cars.
Li's Mystery of Capital
On July 1 1, 2020, Li formally submitted the IPO documents to the US Securities and Exchange Commission, and planned to go public. According to this document, Li will raise as much as 654.38 billion US dollars, and the stock code is "Li".
According to the latest reports from foreign media, Li's estimated fund-raising scale will exceed the figures previously reported by the media, and may reach up to 654.38 billion US dollars. The news has not been confirmed, and everything will be revealed gradually in the future.
Judging from the amount of US$ 65.438 billion, Li's current operating conditions, this figure is not of great substantive significance to him. It is neither to save lives nor to survive.
Li 20 15 was established, and 20 19 and 12 were delivered in batches. By June 2020, official data showed that the only ideal model, Li ONE, had delivered 65,438 438+ 10/00000 vehicles. In terms of delivery performance, Li You has a faster pace than many new car-making forces in the same period.
Look at Li's current loss situation, which is far less than Weilai Automobile in the same period. In 20 19, Li's net loss was 2.44 billion yuan. In the first quarter before 2020, Li Ying earned 852 million yuan (about 654.38+200 million US dollars), with a net loss of nearly 1 100 million yuan. The net losses of Li in 20 18 and 20 19 were153,200 yuan and 2.438 billion yuan respectively. Li's net loss in the first quarter of 2020 was 7,765,438+0,654,38+0,000 yuan, compared with 358 million yuan in the same period last year.
From 20 18 to now, Li's net loss is nearly 4 billion yuan. However, there is another figure that makes these losses less sinister. In the first quarter of 2020, Li's cash flow was 65.438+0.05 billion yuan. In other words, the cash flow equals the money in the account. From the perspective of capital, Li's account is 654.38 billion yuan, and the delivery volume is far better than most enterprises in the market.
Today, the company's shareholding structure in Li has entered the public eye with the prospectus. The largest shareholder is Li Xiang, accounting for 25. 1%, and the second largest shareholder is Wang Xing, CEO of Meituan, accounting for 23.5%.
The essence of fundraising is Tesla/Weilai?
With a series of achievements today, Li is obviously healthier than many car companies and will not be in do or die. Judging from the fund-raising target of $6,543.8 billion, Li may have other ideas.
The answer lies in Tesla today.
Despite the impact of the epidemic and changes in the global economic situation, in mid-June this year, Tesla's market value surpassed Toyota's and became the world's most valuable car company. As of the close of July 10, Tesla's market value reached $286.3 billion, exceeding the sum of Toyota (market value172.8 billion) and Volkswagen (market value $83.3 billion). In today's capital market and stock market, driven by Tesla, the smart electric vehicle market is on fire.
My editor hates every day why he didn't buy Tesla shares in the first place, or how could he be today.
Another example is Weilai Automobile.
Since 2020, the market value of Weilai has increased by more than 220%. As of the close of July 8, in the first half of the year, Weilai Automobile delivered 6.5438+0.4 million vehicles with a market value of 65.438+0.52 billion US dollars.
For Li Lai, listing in the United States is the right choice. After all, I have to go sooner or later, but today's smart electric vehicle field is favored by investors. There are examples of Tesla's triumphant progress, and there are also many roads explored by Weilai Automobile, the first new force in China.
However, you should remember another thing. Different markets have a certain relationship, but the capital market and the actual sales market are almost different. While constantly advocating Tesla in the network, Tesla has an obvious gap in the face of Toyota, Volkswagen, or GM and Ford that have long surpassed.
20 19 In the whole year, Toyota Group's global sales volume was 1074438+00000 vehicles, up 1.4% year-on-year.
In the annual report of fiscal year 20 19, Toyota Group's sales in fiscal year 20 19 were 29,929.9 billion yen (about RMB1972.4 billion yuan), a decrease of 295.6 billion yen (about RMB 194 billion yuan) compared with the previous fiscal year, and a decrease of1year. The operating profit was 2,442.8 billion yen (about RMB 65.438+0609 billion), a decrease of 24.6 billion yen (about RMB 65.438+06 billion) compared with the previous fiscal year, and a decrease of 65.438+0.0% compared with the same period last year.
However, the net profit was 2076 1 billion yen (about RMB136.8 billion yuan), an increase of193.3 billion yen (about RMB 127 billion yuan) compared with the previous fiscal year, and a year-on-year increase of 10.3%.
In the whole year of 20 19, the global sales volume of Volkswagen Group was 10974600 vehicles, an increase of 1.3% compared with last year. The sales volume of electric vehicles was about 6.5438+0.4 million, an increase of 80% year-on-year.
In the annual report of fiscal year 20 19, the revenue of Volkswagen group was 2526? 10 billion euros, a year-on-year increase? 7. 1%, but in terms of net profit, Volkswagen is 37.84 billion yuan lower than Toyota.
In 20 19, Tesla's annual output exceeded 350,000, and its sales volume exceeded 360,000.
In 20 19, Tesla's annual revenue was $24.578 billion, slightly higher than the market expectation of $24.47 billion, higher than the $265,438+$46 million in the same period last year; Tesla's net loss in 20 19 was $862 million, and the market expected loss was $8 10/00000, compared with $976 million in the same period last year.
Tesla in stock market and Tesla in reality are two different things.
Write at the end:
The automobile market is a long-term industry, and the capital market is more of a short-term and fast-paying virtual industry. No one can give a more accurate conclusion between the two. Tesla has sales growth potential, Weilai Automobile has it, and Li has it, but these need to be further realized, and more is a possibility.
As time goes by, Li's IPO will naturally release more accurate information. Isn't that right? It's obviously a good thing. It is a choice that most people will make when they have the opportunity not to act.
If you have money, you can enter if you have the opportunity. In fact, Li's IPO is like this. But? What if the tuyere changes?
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.