Xpeng Motors’ third-quarter comprehensive loss attributable to ordinary shareholders was 4.01 billion RMB, a year-on-year increase of 481.1% and a month-on-month increase of 107.9%. Attached is performance table:

After the release of the financial report, Xpeng Motors’ U.S. stocks fell 0.71% before the market opened, after rising by more than 3%.

Xpeng Motors’ total vehicle deliveries in the third quarter of 2023 were 40,008 vehicles, an increase of 72.4% from 23,205 vehicles in the second quarter of 2023.

He Xiaopeng, chairman and CEO of Xpeng Motors, said: “Xpeng Motors took the lead in realizing the inflection point in technology and user demand for intelligent assisted driving in 2023. I believe that the five years from now will be the five years when intelligent assisted driving becomes widely popularized. year. Xpeng Motors will lead the nationwide coverage of intelligent assisted driving and become users’ preferred brand for intelligence. Starting from the third quarter of this year, we have entered an initial positive cycle. I believe that the effects of a series of changes starting this year will It will be more obvious in 2024 and beyond, and it will enter a high-speed development cycle by the fourth quarter of next year.”

“Our deliveries have increased month-on-month for nine consecutive months, and free cash flow has improved significantly.” said Dr. Gu Hongdi, honorary vice chairman and co-president of Xpeng Motors. “We expect free cash flow to improve even further in the fourth quarter as new products and technology cost reductions drive significant improvements in our gross margins, which is the starting point for us to move toward long-term scale profitability.”

Xpeng Motors has raised its Q4 performance guidance: it expects delivery volume to reach 59,500-63,500 units, a year-on-year increase of about 101.2% to 114.7%; it expects total revenue to reach 12.7-13.6 billion RMB, a year-on-year increase of about 86.1% to 99.3%.

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According to reports, Apple accounted for 43% of global smartphone revenue share in the quarter. Compared with the previous generation model (iPhone 14 series) in the same period last year, Apple’s iPhone 15 series phones will be launched one week earlier this year. This is one of the “important reasons” why Apple’s revenue share reached a record high in the quarter.

Counterpoint senior analyst Harmeet Singh pointed out that among the iPhone 15 series of phones, iPhone 15 Pro Max is the best-selling model. However, Apple’s share of global smartphone operating profit remained flat compared with the previous year due to the resurgence of Huawei and Honor and increasing concerns from Chinese manufacturers such as Xiaomi and OPPO about the company’s profitability. Global smartphone operating profits reached a record high, a clear indication that the smartphone market has adapted to declining shipments.

In addition, the average selling price of Samsung phones increased by 4% year-on-year in the quarter. The report stated that this was due to factors such as the successful launch of Fold 5, continued sales momentum of the S23 series, and the increase in the share of flagship products in major product series. However, Samsung’s shipments fell 8% during the same period, which offset the increase in average selling prices, resulting in Samsung’s revenue falling 4% year-on-year.

At the same time, Xiaomi is the only top five smartphone brand to achieve both quarter-on-quarter and year-on-year growth in shipments during the quarter. The results were driven by strong sales of the Redmi K and Note series as it strengthened its position in key markets such as China and India, offering more affordable mid-range products at promotional prices to influence retailers and consumers alike It also played a positive role. According to the report analysis, Xiaomi has continuously achieved growth in revenue and operating profit. Not only has its quarterly growth performance been outstanding, but its annual growth has also been very impressive.

While OPPO achieves profitability by selling phones with higher average selling prices, it has slowed down its expansion in markets outside of China, India and other places, resulting in a year-on-year decline in shipments. Smartphone revenue in the first three quarters of this year reached its lowest level since the epidemic. level. In addition, vivo’s promotion efforts in China are not as strong as those of Honor and Xiaomi, and it is currently facing a “severe test”: revenue in the quarter fell 12% year-on-year, almost half of the third quarter of 2021.

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 Revenue: US$1.337 billion, a year-on-year increase of 149%, analysts expected US$1.31 billion

 Net loss: US$1.367 billion, a year-on-year decrease of 21%

 Negative gross profit margin: US$477 million, compared with 917 million CNY in the same period last year

 R&D expenses: US$529 million

 Loss per share was $1.44; third-quarter adjusted loss was $1.19 per share, while analysts expected a loss of $1.32;

 Cash and cash equivalents of $7.94 billion, analysts expected $8.37 billion;

Rivian said that the growth in revenue was mainly driven by increased deliveries. Its Q3 production was 16,304 vehicles and its delivery volume was 15,564 vehicles, an increase of 17% and 23% respectively from the previous quarter.

In addition, the company is no longer bound by the exclusive supply agreement with Amazon and may sell commercial electric vans to third parties; it expects a full-year adjusted EBITDA loss of US$4.0 billion, and the company originally expected a loss of US$4.20 billion.

Rivian expects to produce 54,000 vehicles for the full year, compared with the company’s original forecast of 52,000 vehicles. As of the third quarter, its cumulative production has reached 39,691 vehicles. While raising its production forecast, Rivian also lowered its loss forecast to US$4 billion.

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Samsung Electronics’ consolidated total revenue in the third quarter was 67.40 trillion won, a 12% month-on-month increase, mainly due to the release of new smartphones and increased sales of high-end display products.

Operating profit rose quarter-on-quarter to 2.43 trillion won and losses in the device solutions (DS) unit narrowed due to strong sales of mobile flagship models and strong demand for displays.

Samsung said its memory business continued to reduce losses due to an increase in sales volume and average selling prices of high value-added products. System Semiconductor’s earnings were hurt by delays in the recovery of demand in key applications, but the foundry business hit a quarterly high with new backlogs on design breakthroughs.

Affected by the release of new flagship models from major customers, the mobile phone panel business saw a significant increase in profits, while the large screen business saw its losses narrowed this quarter.

Harman’s quarterly operating profit hit a record high due to higher sales of car audio products from automotive customers as well as overall orders for consumer audio products such as portable speakers.

In the third quarter, Samsung Electronics’ capital expenditures reached 11.4 trillion won, of which the equipment solutions division spent 10.2 trillion won and Samsung Display spent 0.7 trillion won. The cumulative total for the January-September period was 36.7 trillion won, of which 33.4 trillion won was allocated to the DS unit and 1.6 trillion won to SDC. Full-year capital expenditures for 2023 are expected to be approximately KRW 53.7 trillion, including KRW 47.5 trillion allocated to the DS unit and KRW 3.1 trillion allocated to SDC.

Looking ahead to 2024, Samsung said that while macroeconomic uncertainty is likely to persist, memory market conditions are expected to recover. The DS segment will seek to expand sales of advanced node products and plans to meet demand for high-performance, high-bandwidth products with industry-leading HBM production capabilities by increasing sales of HBM3 and HBM3E.

For the foundry business, mass production of the second-generation 3nm Gate All Around (GAA) process will begin and operations will begin at its new facility in Tyler, Texas. Additionally, in the advanced packaging business, production will start based on multiple orders received from domestic and international HPC customers, including orders for the company’s turnkey services combining logic, HBM and 2.5D advanced packaging technologies.

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In the first three quarters, the company achieved operating income of 422.275 billion CNY, a year-on-year increase of 57.75%; net profit attributable to the parent company was 21.367 billion CNY, a year-on-year increase of 129.47%. The performance table attached is as follows:

BYD Co., Ltd. officially stated that the revenue growth was mainly due to the increase in sales of new energy vehicles.

BYD Electronics’ revenue in the first nine months of this year was 92.14 billion CNY, a year-on-year increase of 29.5%; net profit in the first nine months was 3.04 billion CNY, compared with 1.237 billion CNY in the same period last year, a year-on-year increase of 146.1%.

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In the printing business, revenue in the second quarter increased by 2.8% year-on-year to 570.4 billion yen.

In the field of imaging business, in terms of interchangeable lens digital cameras, Canon said that the sales of new products such as the full-frame micro camera EOS R6 Mark II released last year and the EOS R50 and EOS R100 released in the first half of this year have continued to grow. RF lens sales are firm. In terms of network cameras, strong market demand and diversified applications have supported this product line to achieve revenue growth. To sum up, the revenue in this area increased by 8.7% year-on-year in this quarter, reaching 220.7 billion yen.

In the medical business field, revenue in this quarter increased by 5.0% year-on-year to 132.4 billion yen.

In the industrial equipment and other product business fields, in terms of semiconductor exposure equipment, related demand, mainly in the power equipment field, continues to be strong, and the number of units sold has increased significantly year-on-year. However, affected by market fluctuations in FPD exposure equipment, revenue in this field fell 9.4% year-on-year to 78.8 billion yen.

Canon said it expects that in the second half of 2023, downside risks from global geopolitical risks and continued inflation leading to global monetary tightening will still exist. But on the other hand, the unemployment rate and income situation in the United States and Japan will improve, so the overall world economy will show a recovery trend.

In terms of interchangeable lens digital cameras, there will be a large-scale promotion season in the fourth quarter, and Canon expects the overall market to continue to rise.

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Judging from the cumulative total of this year, the revenue of Cyrus Group in the first three quarters was 16.68 billion RMB, a year-on-year decrease of 27.86%, and the net loss was 2.294 billion RMB, which was approximately 2.675 billion RMB in the same period last year. The revenue situation began to improve.

Thalys Group stated that the main reason for the change in revenue in this quarter was the year-on-year decline in sales. The new product, the new M7 series, was released and delivered in late September. As the company’s products are gradually delivered, operating income is expected to increase significantly.

It was previously reported that the September production and sales report data released by Thalys Group earlier this month showed that the brand achieved production of 17,270 vehicles that month, a year-on-year decrease of 41.11%, and sales of 17,952 vehicles, a year-on-year decrease of 37.93%.

The production and sales of new energy vehicles were 9,062 and 10,246 respectively, a year-on-year decrease of 51.68% and 41.77%. Among them, the production and sales of Cyrus cars were 6,101 and 7,125 units, a year-on-year decrease of 45.74% and 29.75%.

For comparison, Thalys’s new energy vehicle production and sales in August were 5,711 and 6,243 units respectively.

Entering September and October this year, the popularity of AITO new M7, M9 and other models jointly designed by Huawei and Thalys continues to increase. According to Huawei Managing Director, Terminal BG CEO, and Smart Car Solutions Chairman Yu Chengdong, as of 10:00 on October 7, a total of 55,506 new M7 units have been ordered. Another flagship model, the AITO M9, which will be released in December, also enjoys high popularity: as of October 25, the number of reservations for this model exceeded 15,000.

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From January to September 2023, TCL Technology achieved operating income of 133.1 billion CNY, a year-on-year increase of 5.2%; net profit of 5.57 billion CNY, a year-on-year increase of 185%; net profit attributable to shareholders of listed companies was 1.61 billion CNY, a year-on-year increase of 474%; Net operating cash flow was 16.14 billion CNY. The main performance table as is attached follows:

TCL Technology stated that with the end of the active period of industrial country transfer, the competitive landscape in the mainstream display field has stabilized, and the industry has returned to an orderly development stage based on reasonable commercial returns. Companies continue to optimize business strategies and promote the gradual recovery of the industry.

During the reporting period, the supply and demand relationship for semiconductor displays tended to be healthy, large-size drive area demand increased steadily, and the prices of mainstream products represented by TV panels rebounded to a profitable range; in the first three quarters of 2023, the semiconductor display business achieved operating income of 61.20 billion CNY, A year-on-year increase of 17.5%, of which operating income in the third quarter was 25.68 billion CNY, a year-on-year increase of 73.0%, a month-on-month increase of 25.8%, and a net profit of 1.82 billion CNY, turning losses into profits in a single quarter, with significant improvement in both year-on-year and quarter-on-quarter.

Against the background of the transformation of the global energy structure and the rapid development of the domestic semiconductor industry, the company’s new energy photovoltaic and semiconductor materials businesses continue to consolidate technological leadership and intelligent manufacturing advantages, enhance the collaborative capabilities of the industrial chain, and actively deploy the global market, achieving steady growth in production and sales scale and performance. . During the reporting period, TCL Central achieved operating income of 48.65 billion CNY and net profit of 6.58 billion CNY, a year-on-year increase of 19.9%.

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Net profit in the third quarter was 485.2 billion won, compared with 336.5 billion won in the same period last year, a year-on-year increase of 44%.

It is understood that the expansion of B2B business, including auto parts and HVAC systems, has greatly boosted revenue growth, accounting for about 35% of total revenue, and the goal is to increase B2B revenue to more than 40 trillion won by 2030.

LG Home Appliances & Air Solutions Company’s third-quarter revenue was 7.46 trillion won and operating profit was 504.5 billion won. Plans to capitalize on trends in electrification and decarbonization of HVAC systems to accelerate its B2B growth momentum.

LG Auto Parts Solutions posted revenue of 2.5 trillion won and operating profit of 134.9 billion won in the third quarter, the highest in both revenue and operating profit in the third quarter, and is expected to have a backlog of 100 trillion won by the end of the year. The business unit’s annual revenue is expected to top 10 trillion won for the first time this year, becoming a key driver of LG’s overall growth.

LG Home Entertainment reported third-quarter revenue of 3.57 trillion won and operating profit of 110.7 billion won. The number of TVs running webOS, the foundation of LG’s content and services business, is expected to reach 300 million by 2026.

LG Business Solutions reported third-quarter revenue of 1.33 trillion won and an operating loss of 20.5 billion won.

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MediaTek’s operating gross profit in the third quarter was NT$52.192 billion, an increase of 11.9% from the previous quarter and a decrease of 25.5% year-on-year. The gross profit margin was 47.4%, a decrease of 0.1 percentage points from the previous quarter and a decrease of 1.9% from the same period last year. percentage points.

MediaTek’s net profit in the third quarter was NT$18.48 billion, a year-on-year decrease of 40%, and an estimate of NT$16.79 billion.

MediaTek said that its revenue in the third quarter increased compared with the previous quarter, mainly due to some customers replenishing their inventory. Revenue in the third quarter decreased compared with the same period last year, mainly due to lower end demand.

In the third quarter, net profit for the current period, net profit margin for the current period and earnings per share increased compared with the previous quarter, mainly because the revenue in this quarter was higher than that in the previous quarter. In the third quarter, net profit for the current period, net profit margin for the current period and earnings per share decreased compared with the same period last year, mainly because the revenue and gross profit margin for this quarter were lower than the same period last year.

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