Core Viewpoint - VinFast reported a significant revenue increase of approximately 150% in Q1, reaching $656.5 million, surpassing analyst expectations, but still faced rising sales and operational costs leading to a net loss of $712.4 million, a 20% increase from the previous year [1][2]. Financial Performance - Q1 revenue grew to $656.5 million, exceeding analyst forecasts - The company reported a net loss of $712.4 million, a 20% increase year-over-year - Earnings per share loss was $0.30, slightly worse than the expected $0.28 loss [1] Cost Structure - Sales costs for the first quarter reached $887.5 million, up 112.9% from the previous year - Operating loss for the quarter was $485.6 million, a 20.3% increase year-over-year - Gross margin improved from -58.7% to -35.2% year-over-year [1] Delivery and Production - VinFast delivered 36,330 vehicles globally in Q1, a 296% increase year-over-year - The company also delivered 44,904 electric scooters, marking a 473% increase [1] Financial Support and Expansion Plans - As of the end of Q1, VinFast held $96.6 million in cash and cash equivalents - The company continues to receive financial support from its parent company Vingroup and its founder, Pham Nhat Vuong, who has invested nearly $1 billion in 2023 and 2024, with a commitment of an additional $2 billion by 2026 [2][3] - Vingroup has provided $1.2 billion in loans to VinFast, with $825.4 million of Vuong's promised $2 billion already disbursed [3] Market Focus - VinFast is focusing on establishing a foothold in price-sensitive Asian markets, with plans to open a factory in Tamil Nadu, India, on July 30, delayed by one month [2] - The company aims to deliver over 200,000 vehicles in Vietnam this year and has no immediate plans to expand sales in North America and Europe due to high logistics costs [2]
盘前飙涨！VinFast(VFS.US)Q1营收超预期 重申今年交付量至少同比翻一番
智通财经网·2025-06-09 13:12