Group 1 - Fubo Group (03738) increased by over 9% after launching AI music detection services on November 21 [1] - Hard Egg Innovation (00400) rose nearly 8% as it reported a revenue of approximately RMB 3.332 billion for Q3 2025, a year-on-year increase of about 22.1% [1] - ZTO Express (02057) saw a rise of over 4% following a report indicating a Q3 revenue and adjusted net profit growth of 11% and 7% year-on-year, respectively [1] - Qiniu Intelligent (02567) increased by 5% due to its core advantage in integrated MPaaS technology, supporting one-stop audio and video solutions [1] Group 2 - HAPO Pharmaceuticals-B (02142) rose nearly 5% after announcing an expanded collaboration with AstraZeneca for new generation biotherapies [2] - Junshi Biosciences (01877) increased by over 5% after achieving primary research endpoints in a clinical study for its drug JS001sc [2] - Dazhong Public Utilities (01635) rose over 8% following the announcement of the successful IPO of Moer Thread, marking a record high issuance price in the A-share market [2] Group 3 - Airline stocks faced declines, with China Eastern Airlines (00670) dropping nearly 6% and China Southern Airlines (01055) down nearly 3% due to a significant increase in flight cancellations to Japan [3] Group 4 - Alibaba-W (09988) increased by over 3% after its app surpassed 10 million downloads within a week of public testing [4] - Xiaomi Group-W (01810) rose over 5% as its founder invested over HKD 100 million to increase his stake to 23.26%, reflecting confidence in the company's growth potential [4] Group 5 - U.S. storage stocks saw collective gains, with SanDisk (SNDK.US) up 13.33% and Western Digital (WDC.US) up 8.43%, following a bullish outlook from Bank of America [5] - Qudian (QD.US) rose 10.3% after reporting a Q3 diluted earnings per ADS of RMB 2.47, exceeding last year's figure [5] - WeRide (WRD.US) surged 14.72% with a 144% year-on-year revenue growth to RMB 171 million for Q3, attributed to fleet expansion [5] Group 6 - Lotus (LOT.US) fell 1.57% after reporting a narrower loss of USD 0.10 per share for Q3, with sales declining to USD 137 million [6] - Chinese concept stocks mostly rose, with HSAI (HSAI.US) up 18.08% and Alibaba (BABA.US) up 5.1%, driven by significant partnerships in the ADAS sector [6] Group 7 - Major tech stocks in the U.S. saw gains, with Google A (GOOGL.US) up 6.31% and Tesla (TSLA.US) up 6.82%, following advancements in AI technology [7]

周一，路特斯(LOT.US)盘前大涨超10%，报1.41美元。消息面上，该公司第三季度每股亏损0.10美元， 较去年同期的0.30美元有所收窄;销售额为1.37亿美元，较去年同期的2.55亿美元下降。 ...

智通财经APP获悉，周一，路特斯(LOT.US)盘前大涨超10%，报1.41美元。消息面上，该公司第三季度 每股亏损0.10美元，较去年同期的0.30美元有所收窄;销售额为1.37亿美元，较去年同期的2.55亿美元下 降。 ...

Financial Data and Key Metrics Changes - In Q3 2025, the company delivered nearly 1,800 vehicles, representing a 35% decrease year-on-year but a 28% increase quarter-on-quarter [4] - Revenue for Q3 was $137 million, down 46% year-on-year but up 10% sequentially, with total revenue for the first nine months at $356 million, down 45% year-on-year [4][5] - Gross margin improved by 8% in Q3, up 3 percentage points from the previous quarter and 5 percentage points from the same period last year [5] - The operating loss for Q3 was $95 million, a 41% improvement year-on-year, while the net loss was $65 million, a 68% improvement year-on-year [8] Business Line Data and Key Metrics Changes - Lifestyle vehicles accounted for 77% of total deliveries in Q3, down from 83% in Q2, contributing 72% of total deliveries for the first nine months [5][6] - Deliveries in the U.S. sports car market began a gradual recovery in Q3 after tariff disruptions were resolved [6][7] Market Data and Key Metrics Changes - Delivery growth in China for the first nine months outpaced the broader premium auto segment, indicating competitive strength in a challenging environment [7] - The company had 213 retail stores worldwide, with a balanced distribution across Europe, China, North America, and other markets [14] Company Strategy and Development Direction - The company plans to unveil a new PHEV model to expand its electrification product roadmap and address consumer demand in diversified powertrain segments [9] - The company is optimizing its global presence and enhancing retail efficiency, including relocating its European headquarters back to the U.K. to cut operational expenses [16] - The acquisition of Lotus UK is progressing, with expectations to complete the merger in 2026, aiming to operate under a unified global identity [22][24] Management's Comments on Operating Environment and Future Outlook - Management highlighted a transitional period characterized by tariffs and destocking activities, but expressed confidence in future gross margin improvements due to new product launches and operational efficiencies [4][39] - The premium vehicle market in China is rapidly growing, with a significant share of plug-in hybrids, presenting an opportunity for the company [29][31] Other Important Information - The company achieved several key milestones, including participation in IAA Mobility 2025 and positive feedback from the public regarding its design exhibitions [10][12] - The introduction of hybrid models is expected to attract new customer segments and expand into markets with slower EV adoption [21] Q&A Session Summary Question: Key highlights of the upcoming PHEV models and strategic rationale - The hybrid model features the best energy-efficient engine, performance hybrid systems, and high power motor, showcasing Lotus' DNA in handling and performance [27] - The strategic rationale includes the growing premium vehicle market in China, where plug-in hybrids are a major driver of new energy vehicle expansion [29][31] Question: Guidance on gross margin for this year and next year - The gross margin for the full year is expected to remain in the high single-digit range, with further improvements projected due to new product launches and supply chain integration [38][39]

Financial Data and Key Metrics Changes - In Q3 2025, the company delivered nearly 1,800 vehicles, representing a 35% decrease year-on-year but a 28% increase quarter-on-quarter [4] - Revenue for Q3 was $137 million, down 46% year-on-year but up 10% sequentially, with total revenue for the first nine months at $356 million, down 45% year-on-year [4][5] - Gross margin improved by 8% in Q3, up 3 percentage points from the previous quarter and 5 percentage points from the same period last year [5] - The operating loss for Q3 was $95 million, a 41% improvement year-on-year, while the net loss was $65 million, a 68% improvement year-on-year [8] Business Line Data and Key Metrics Changes - Lifestyle vehicles accounted for 77% of total deliveries in Q3, down from 83% in Q2, contributing 72% of total deliveries for the first nine months [5][6] - Deliveries in the U.S. sports car market began a gradual recovery in Q3 after tariff disruptions were resolved [6][7] Market Data and Key Metrics Changes - Delivery growth in China for the first nine months outpaced the broader premium auto segment, indicating competitive strength in a challenging environment [7] - The company had 213 retail stores worldwide by the end of September, with a balanced distribution across Europe, China, North America, and other markets [15] Company Strategy and Development Direction - The company plans to unveil a new PHEV model to expand its electrification product roadmap and address consumer demand in diversified powertrain segments [9] - The company is preparing to enter new markets, starting with Brazil, which has a growing new energy vehicle penetration rate [18] - The acquisition of Lotus UK is progressing, with expectations to complete the merger by 2026, aiming to operate under a unified global strategy [23][24] Management's Comments on Operating Environment and Future Outlook - Management highlighted a transitional period characterized by tariffs, destocking activities, and upgraded module deliveries impacting performance [4] - The company remains focused on prudent resource allocation and margin enhancement while preparing for a dynamic operating environment [9] - Management expressed confidence in improving gross margins due to the launch of PHEV products and the penetration of facelifted BEV products in global markets [37] Other Important Information - The company achieved several key milestones amid market competition, including participation in major automotive events and successful racing series [10][11][12] - The company is implementing cost-to-country measures and optimizing its store portfolio to enhance efficiency [16][17] Q&A Session Summary Question: Could you elaborate on the key highlights of the upcoming PHEV models and the strategic rationale behind those products? - Management highlighted that the hybrid model features the best energy-efficient engine, performance hybrid systems, and high power motor, showcasing Lotus' DNA in handling and performance [27] - The strategic rationale includes the rapid growth of the premium vehicle market in China and the underdeveloped competition in the premium E-segment hybrid SUV space [29][30] Question: Do you have any guidance on your gross margin for this year and next year? - Management expects the gross margin for the full year to remain in the high single-digit range, with further improvements projected due to the launch of PHEV products and increased sales of facelifted BEV products [36][37]

Financial Data and Key Metrics Changes - In Q3 2025, the company delivered nearly 1,800 vehicles, representing a 35% decrease year-on-year but a 28% increase quarter-on-quarter [4] - Revenue for Q3 was $137 million, down 46% year-on-year but up 10% sequentially, with total revenue for the first nine months at $356 million, down 45% year-on-year [4] - Gross margin improved by 8% in Q3, up 3 percentage points from the previous quarter and 5 percentage points from the same period last year [5] - The operating loss for Q3 was $95 million, a 41% improvement year-on-year, while the net loss narrowed to $65 million, down 68% year-on-year [7] Business Line Data and Key Metrics Changes - Lifestyle vehicles accounted for 77% of total deliveries in Q3, down from 83% in Q2, contributing 72% of total deliveries for the first nine months [5] - Deliveries in the U.S. sports car market began a gradual recovery in Q3 after tariff disruptions were resolved [6] Market Data and Key Metrics Changes - Delivery growth in China for the first nine months outpaced the broader premium auto segment, indicating competitive strength in a challenging environment [6] - The company had 213 retail stores worldwide, with a balanced distribution across Europe, China, North America, and other markets [13][14] Company Strategy and Development Direction - The company plans to unveil a new PHEV model to expand its electrification product roadmap and address consumer demand in diversified powertrain segments [8] - The acquisition of Lotus UK is progressing, with expectations to complete the merger in 2026, aiming to streamline operations and enhance global brand recognition [20][21] Management's Comments on Operating Environment and Future Outlook - Management highlighted a commitment to cost discipline and inventory optimization, resulting in significantly narrowed losses for both the quarter and year-to-date [7] - The gross margin for the full year is expected to remain in the high single-digit range, with projections for further improvement due to new product launches and supply chain integration [34] Other Important Information - The company showcased its concept cars at IAA Mobility 2025, emphasizing its brand legacy and electric strategy [9] - The introduction of hybrid models aims to attract new customer segments and expand into markets with slower EV adoption [19] Q&A Session Summary Question: Key highlights of the upcoming PHEV models and strategic rationale - The hybrid model features the best energy-efficient engine, performance hybrid systems, and high power motor, showcasing Lotus' DNA in handling and performance [25] - The strategic rationale includes tapping into the rapidly growing premium vehicle market in China, where plug-in hybrids are gaining significant traction [27][28] Question: Guidance on gross margin for this year and next year - The gross margin for the full year is expected to remain in the high single-digit range, with further improvements projected due to new product launches and supply chain efficiencies [34]

Financial Performance (9 Months Ended Sep 30, 2025 vs Sep 30, 2024) - Deliveries decreased by 40%, from 7,673 units to 4,612 units[14] - Revenues decreased by 46%, from $652.823 million to $355.758 million[14, 45] - Cost of revenues decreased by 45%, from $593.708 million to $327.016 million[14, 45] - Gross profit decreased by 51%, from $59.115 million to $28.742 million[14, 45] - Operating loss decreased by 40%, from $597.745 million to $357.090 million[14, 45] - Net loss decreased by 43%, from $666.520 million to $378.455 million[14, 45] Financial Performance (3 Months Ended Sep 30, 2025 vs Sep 30, 2024) - Revenues decreased by 46%, from $254.708 million to $137.432 million[14, 47] - Cost of revenues decreased by 49%, from $246.505 million to $126.556 million[14, 47] - Gross profit increased by 33%, from $8.203 million to $10.876 million[14, 47] - Operating loss decreased by 41%, from $160.039 million to $93.662 million[14, 47] - Net loss decreased by 68%, from $206.268 million to $65.415 million[14, 47]

Core Insights - Lotus Technology Inc. reported its unaudited financial results for Q3 and the first nine months of 2025, highlighting a challenging transitional period impacted by tariffs and inventory adjustments [1][2][3] Operating Highlights - Total deliveries for the first nine months of 2025 reached 4,612 units, a significant decrease of 40% compared to 7,673 units in the same period of 2024 [5] - Deliveries were primarily driven by China and Europe, with China outpacing the premium auto segment, indicating strong competitive positioning [3][6] - The gross margin improved to 8% in Q3 2025, up from 3% in Q3 2024, attributed to a higher share of upgraded models in total deliveries [3][15] Financial Performance - Total revenue for the first nine months of 2025 was $356 million, down 46% from $653 million in the same period of 2024 [9] - The net loss narrowed by approximately 68% in Q3 and 43% for the nine-month period, indicating improved financial health [8][13] - Key financial results for Q3 2025 included revenue of $137 million, a 46% decrease year-over-year, and a net loss of $65 million, a 68% reduction from the previous year [20][15] Model and Regional Deliveries - Deliveries by model type showed a decline in both Lifestyle SUVs and Sedans (down 18%) and Sportscars (down 64%) compared to the previous year [5] - Regional delivery breakdown indicated that China accounted for 46% of total deliveries, while Europe contributed 34% [6] Strategic Developments - The company plans to unveil a new PHEV model soon, which will enhance its electrification strategy and cater to diverse consumer demands [4][11] - The strategic acquisition of Lotus UK is progressing, expected to close in 2026, aimed at integrating operations and enhancing efficiency [6][11]

Core Points - Lotus Technology Inc. will report its unaudited financial results for Q3 2025 on November 24, 2025, before market opening in the U.S. [1] - The management will host an earnings conference call at 7:00 AM U.S. Eastern Time on the same day, with a live audio webcast available [2] - Lotus Technology Inc. operates in the UK, EU, and China, focusing on luxury lifestyle battery electric vehicles and next-generation automobility technologies [3]

Core Insights - The Depositary Receipts Virtual Investor Conference ("dbVIC") was held on November 4th, 2025, and the presentations are now available for online viewing [1][2] - The company presentations will be accessible 24/7 for a duration of 90 days, allowing investors, advisors, and analysts to download materials [2] Company Presentations - The following companies presented at the conference: - HUTCHMED (China) Limited (AIM: HCM, NASDAQ: HCM, HKEX: 13) - First Pacific Company Ltd (HKEX: 142, OTC: FPAFY) - Viomi Technology Co., Ltd (NASDAQ: VIOT) - Epiroc AB (Nasdaq Stockholm: EPIA, OTC: EPOAY) - Yiren Digital Ltd. (NYSE: YRD) - Belite Bio, Inc (NASDAQ: BLTE) - Deutsche Lufthansa AG (FRA: LHA, OTCQX: DLAKY) - Lotus Technology Inc (NASDAQ: LOT) - 51Talk Online Education Group (NYSE American: COE) - Radiopharm Theranostics Ltd (Nasdaq: RADX; ASX: RAD) - Repsol S.A (BME: REP, OTCQX: REPYY) [3] About Virtual Investor Conferences - Virtual Investor Conferences (VIC) is recognized as the leading proprietary investor conference series, providing an interactive platform for publicly traded companies to present directly to investors [4] - VIC offers a real-time investor engagement solution, designed to enhance investor access and replicate the components of an on-site investor conference [5]