> 数据图表你知道理想：Q4销量及盈利性提升
2025-5-2理想：Q4销量及盈利性提升 24Q4点评：1）销量提升：L6爬坡上量+豪车格局优化；2）单车ASP下滑：是因为免息政策+L6结构份额提升；3）毛利率下滑：免息政策+一次性供应链降本确认在Q3；4）单车盈利提升：规模效应；图表：理想核心财务数据车企理想汽车来源：公司公告、中泰证券研究所收入（亿元）yoy销量（辆）yoy毛利率归母净利润（亿元）yoy单车收入（万元/辆）单车利润（万元/辆）23Q323Q424Q124Q224Q324Q4346.8271.2%105108296.3%22.04%28.2-272.1%33.02.7417.3136.4%131805184.6%23.45%56.62102.1%31.74.3256.336.4%8040052.9%20.61%5.9-36.3%31.90.7316.810.6%10858125.5%19.50%11.0-51.9%29.21.0428.723.6%15283145.4%21.52%28.1-0.3%28.11.8442.76.1%158,69620.4%20.26%29.1-48.5%35.22.211 
