36,300 new cars were delivered, down 11% from the previous month and a sharp drop of 24% from the previous year — in the past 6 months, the number of ideal cars delivered dropped markedly. In May of this year, the company delivered 40,800 new vehicles, an increase of 16.7% over the previous year. Ideal Auto revealed the above data on the evening of July 1. The announcement also showed that in the second quarter of this year, the company delivered a total of 111,000 vehicles, a decrease of more than 2,000 vehicles compared to 108,600 in the second quarter of the previous year. Due to a sharp year-on-year drop in delivery data, Ideal Auto closed down 3.18% on July 2, closing at HK$103.6. Industry insiders believe that judging from the past two years, the average net profit of Ideal Auto Bike has continued to decline, giving investors the impression that the company's performance is “not ideal.” Next, major competitors such as Cyrus will also go public and finance in Hong Kong. Ideally, the competitive pressure will increase. Prior to the disclosure of delivery data for the second quarter, Wang Xing, CEO of Meituan-W and non-executive director of Ideal Auto, had already made a big deal to cash out Ideal Auto. Coupled with the reduction of holdings by many executives earlier, some investors are concerned about the certainty of the company's operations. Industry insiders said that the reduction in holdings by major shareholders and executives is a sign that investors should be wary of.

36,300 new cars were delivered, down 11% from the previous month and a sharp drop of 24% from the previous year — in the past 6 months, the number of ideal cars delivered dropped markedly. In May of this year, the company delivered 40,800 new vehicles, an increase of 16.7% over the previous year. Ideal Auto revealed the above data on the evening of July 1. The announcement also showed that in the second quarter of this year, the company delivered a total of 111,000 vehicles, a decrease of more than 2,000 vehicles compared to 108,600 in the second quarter of the previous year. Due to a sharp year-on-year drop in delivery data, Ideal Auto closed down 3.18% on July 2, closing at HK$103.6. Industry insiders believe that judging from the past two years, the average net profit of Ideal Auto Bike has continued to decline, giving investors the impression that the company's performance is “not ideal.” Next, major competitors such as Cyrus will also go public and finance in Hong Kong. Ideally, the competitive pressure will increase. Prior to the disclosure of delivery data for the second quarter, Wang Xing, CEO of Meituan-W and non-executive director of Ideal Auto, had already made a big deal to cash out Ideal Auto. Coupled with the reduction of holdings by many executives earlier, some investors are concerned about the certainty of the company's operations. Industry insiders said that the reduction in holdings by major shareholders and executives is a sign that investors should be wary of.