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The increase in revenue did not increase profits, and the loss of Beiqi Blue Valley in 2021 reached 5.244 billion yuan

The increase in revenue did not increase profits, and the loss of Beiqi Blue Valley in 2021 reached 5.244 billion yuan

Jiwei Network News (Text/Chen Wei) On March 28, Beiqi Blue Valley released its 2021 annual report, saying that the company achieved operating income of RMB8.697 billion, up 64.95% year-on-year; net profit attributable to shareholders of listed companies -5.244 billion yuan, a loss of 19% less than the same period last year; and net profit after deducting non-recurring gains and losses of -554,400 yuan.

The increase in revenue did not increase profits, and the loss of Beiqi Blue Valley in 2021 reached 5.244 billion yuan

The report shows that in 2021, Beiqi Blue Valley completed the non-public issuance of shares, achieving a raised capital of 5.5 billion yuan, continuing to provide impetus for the rapid development of enterprises. Although it is still affected by the adverse factors of the epidemic and the unprecedented intensification of industry competition, Beiqi Blue Valley actively focuses on the business ideas of stable operation, product upgrading, structural adjustment and strengthening the ARCFOX brand in 2021, on the one hand, vigorously promote brand building, deploy channels, strengthen products, grab orders, and accelerate market expansion; on the other hand, strengthen lean management, clear burdens, strong foundations, and prepare for rebound. The overall operating situation of Beiqi Blue Valley in 2021 has improved, the loss has narrowed year-on-year, the cash flow generated by operating activities has improved significantly, and the company has shown a steady development trend.

In 2021, the development of the automobile industry ushered in the era of intelligent vehicles, and Beiqi Blue Valley started from communications, chips, algorithm AI, and big data, and made every effort to promote intelligent interconnection, and transitioned from narrow car networking to generalized car networking. In addition, Beiqi Blue Valley strives to continuously improve its capabilities in the research and development, manufacturing, sales and service of new energy vehicles and core components, including:

1. New energy vehicles

At present, Beiqi Blue Valley has two product brands, ARCFOX and BEIJING. At present, alpha T (αT), Alpha S (αS) two high-end pure electric passenger cars, will soon launch the application of more new technologies, a higher level of intelligence of the αS-HI version of the new product; BEIJING brand for Beiqi Blue Valley based on BAIC 60 years of car manufacturing experience to build an economic intelligent new energy vehicle brand, currently there are mainly EU series products, the future will continue to launch high-quality and priced new products.

2. Comprehensive performance of the whole vehicle

Beiqi Blue Valley continues to cultivate the core technical capabilities recognized by the international automotive industry, based on arcfox brand product development and has been applied a new generation of IMC (intelligent module standard architecture) pure electric platform technology, in the reporting period will be part of the technology authorized Steyr USA Co., Ltd. use, is the first domestic automobile enterprises to export technology licensing to overseas, marking that the level of positive development of Beiqi Blue Valley based on pure electric platform has reached the domestic leading stage, becoming a technology forerunner in the new energy automobile industry.

3. The core technology of Sandian

In terms of battery technology, Beiqi Blue Valley continues to develop technologies in terms of battery life, safety, low temperature, and quick change, and comprehensively improves the advanced technology of battery systems. In terms of electric drive technology, beiqi Blue Valley independently developed a high-performance integrated intelligent electric drive system, overcome the high voltage, high current, high speed and high torque module complex integration faced by mechanical, electromagnetic, thermal, EMC (electromagnetic compatibility), NVH (noise, vibration and vibration roughness) integration and other design problems, in the China Automotive Technology and Research Center test shows that power density, efficiency, EMC and other core indicators leading, reaching the international advanced level. In terms of electronic control technology, Beiqi Blue Valley products have been equipped with the third generation of super electronic control system with completely independent intellectual property rights, which has the characteristics of high safety, high integration, high performance and intelligence.

4. Intelligent network connection and assisted driving technology

Beiqi Blue Valley has formulated technical development plans such as intelligent cockpit, intelligent driving, and intelligent networking, and has cooperated with Huawei, Baidu and other enterprises to jointly promote the research and development and product transformation of on-board high-precision sensors, vehicle-level chips, intelligent operating systems, on-board intelligent terminals, intelligent computing platforms and other products. Beiqi Blue Valley's high-end intelligent luxury pure electric sedan αS-HI version equipped with Huawei's full-stack autonomous driving solution has entered the road generalization test stage, marking a new stage of development of Beiqi Blue Valley intelligent driving technology. At the same time, the new generation of mass-produced shared unmanned vehicle ApolloMoon jointly created by Beiqi Blue Valley and Baidu strategic cooperation is also accelerating.

(Proofreading/Andy)

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