On April 28th, Celestial Group Co., Ltd. (601127.SH hereinafter referred to as "Celestial") released its annual report for 2022, achieving an annual operating income of 34.105 billion yuan, a year-on-year increase of 104%. As the core growth engine, the new energy vehicle business has made rapid progress, with annual revenue of 24.934 billion yuan, up 482.8% year-on-year, accounting for 73.1% of the company’s operating income. The data shows that the core R&D investment of Sailis AITO has exceeded 12 billion yuan.
Zhang Zhengping, the rotating chairman of Cyrus Group, said: "In 2022, new energy vehicles will face multiple pressures such as structural shortage of chips, and the development of the industry will face greater uncertainty. We calmly responded to the complex situation and challenges at home and abroad, looked for opportunities in times of crisis, and achieved steady growth in key financial indicators such as operating income and gross profit margin. Standing at a new starting point, we will continue to adhere to the concept of "defining cars by software", uphold the most open attitude and sincerity, and work with partners to innovate in generate and show the world the development resilience of China new energy automobile enterprises. "
The new energy vehicle business continued to grow steadily.
In 2022, the new energy automobile industry was disturbed by many factors, and the new energy automobile business of Cyrus still maintained a steady growth trend, and the data growth rate far exceeded the industry average.
During the reporting period, the revenue from the new energy vehicle business, as the core growth engine of Cyrus, reached 24.934 billion yuan, a year-on-year increase of 482.8%. The cumulative production and sales of Sailisi new energy vehicles were 139,132 and 135,054, with year-on-year growth rates of 233.64% and 225.90% respectively. Among them, the sales of high-end smart cars in AITO Jiejie series are the main reason for the growth of performance. In 2022, pure electric versions of M5, M7 and M5 were delivered one after another, with a cumulative sales volume of nearly 80,000 vehicles throughout the year, setting a number of industry records and becoming the fastest growing brand of new energy vehicles.
In addition, the overseas market layout of Cyrus has been continuously expanded and optimized. In 2022, the operating income of overseas markets increased by 47.81% year-on-year, and the sales of new energy vehicles nearly tripled year-on-year. Up to now, nearly 500,000 cars have been exported to more than 70 countries and regions. At the same time, Celis has more than 1,000 overseas marketing service outlets, and its localization service capability has been further improved.
Innovation-driven growth: AITO’s core R&D investment has exceeded 12 billion yuan.
Sailis insists on innovation-driven and focuses on technical self-research. The data shows that the core R&D investment of Sailis AITO has exceeded 12 billion yuan.
Thanks to long-term high-intensity investment, Cyrus has built all-round core technological advantages in smart vehicle development, key technology research and development, and advanced intelligent manufacturing technology, and achieved many technological innovations. At present, it has nearly 3,000 core technology patents and more than 300 invention patents, and is in a leading position in three-electric technology, extended-range technology, electronic and electrical architecture and super electric drive intelligent technology platform (DE-i), laying a solid production foundation for pure electric and extended-range intelligent electric vehicles.
The smart electric vehicle platform independently developed by Cyrus has the advantages of "pluggable hardware, programmable scene, ecology on demand and self-evolution of the system", which can be extended to the development of cars, SUVs, MPVs and other models and is compatible with various power modes. In addition, Cyrus Smart Factory takes digitalization as the core, and the key processes are 100% automated. With advanced manufacturing operation management system and manufacturing process, high-level intelligent manufacturing strength empowers high-quality delivery.
Software-defined cars serve users wholeheartedly.
Sailis adheres to the concept of "defining cars by software" and continuously promotes the iterative upgrade of service concept around the purpose of serving users wholeheartedly.
By the end of 2022, Sailis AITO series channels have covered more than 200 cities in China, and the experience center and user center have been extended to the core business districts of major cities in China. Through the dual paths of hardware support and service system, the digital experience runs through the full contact of users’ car life cycle.
In terms of industrial chain, Cyrus has continuously deepened its cooperative relationship with Huawei, Contemporary Amperex Technology Co., Limited, Bosch and other industry partners, promoted the coordinated development of upstream and downstream enterprises, and built an open, inclusive, interdependent and co-evolving ecosystem of the whole industrial chain.
Sailis adheres to the concept of green development and sustainable development, and promotes the green and low-carbon transformation of the whole industry chain with practical actions in the field of new energy vehicles. According to the ESG report disclosed in the same period, the treatment rate of three wastes and the compliance rate of pollution prevention and control of Cyrus Group reached 100%. The average recycling rate and the average recycling rate of Sailis automobile reach 97% and 92%, respectively. The reuse rate of production water reaches 96%; The recycling rate is 98.1%. Sailis actively promotes the further improvement of energy efficiency and achieves balanced development with its own business.
In the future, Cyrus will lead high-quality development with technological innovation, empower all-round intelligence of vehicle products, and provide users with more high-quality new energy vehicle products. Recently, the M5 Smart Driving Edition of AITO has been released, further enriching the matrix of Celeste high-end smart car products. In addition, the flagship SUV AITO of Panoramic Wisdom is expected to be listed in the fourth quarter of this year.
