Ideal Cars expects deliveries in the first quarter of 2024 to be between 100,000 and 10.30,000 vehicles, up 90% from the first quarter of 2023.2% to 95.9%。Ideal Motors (NASDAQ: LI) reported strong fourth quarter 2023 results, with net profit doubling from the previous quarter and gross margin improving further.。The company's fourth-quarter revenue hit a record 417, according to an unaudited earnings report released today..300 million yuan (58.800 million U.S. dollars), higher than market expectations of 39.8 billion yuan。Year-over-year growth of 136.4%, an increase of 20.3%, more than the previous 384.600 million to 393 million.The upper limit of the RMB 800 million guidance range.。Ideal's fourth-quarter deliveries hit a record 131,805 vehicles, above the upper limit of its guidance range of 125,000 to 128,000 vehicles。Automobile sales revenue in the fourth quarter was 40.3 yuan 8 billion, up 133.8%, an increase of 20.1%。Ideal Motor's fourth-quarter net profit was 57.500 million yuan, compared with 2 in the same period last year..65.3 billion yuan up 2068.2%, compared to 28 in the third quarter.100 million yuan growth of 104.5%。Non-GAAP net profit for the fourth quarter was RMB 45.900 million yuan, up 374.2%, an increase of 32.3%。Net income per diluted share of American depositary shares attributable to common shareholders for the fourth quarter was RMB5.32, compared to RMB 0 in the fourth quarter of 2022.25 yuan, the third quarter is 2 yuan.67 yuan。Net income per American depositary share attributable to common shareholders after dilution of non-GAAP in the fourth quarter was RMB4..23 yuan, compared with 0 yuan in the same period last year.93 yuan, the third quarter of RMB 3.29 yuan。Ideal Auto's fourth-quarter gross margin was 23.5%, up from 20% in the same period last year..2% compared to 22 in the third quarter.0% further increase。Ideal Motor's fourth-quarter automotive margin was 22.7%, compared to 20 in the fourth quarter of 2022.0%, and 21 in the third quarter of 2023..2%。The company's fourth-quarter free cash flow was 146..400 million yuan, up 349.4%, an increase of 10.7%。Ideal Cars expects deliveries in the first quarter of 2024 to be between 100,000 and 10.30,000 vehicles, up 90% from the first quarter of 2023.2% to 95.9%。Taking into account that Ideal delivered 31,165 vehicles in January, it is expected that the combined delivery in February and March will be between 68,835 and 71,835 vehicles.。The company expects total revenue for the first quarter to be 312.500 million yuan to 321.900 million yuan, up 66% from the same period last year.3% to 71.3%。First Quarter 2023。Ideal Auto's full-year revenue in 2023 is 1,238.500 million yuan, up from 452 in 2022.900 million yuan up 173.5%。Net profit for 2023 is 118.100 million yuan, compared with a net loss of 20 in 2022..300 million yuan。Non-GAAP net profit for 2023 was RMB12.2 billion, up 58,494 from RMB20.8 million in 2022.3%。The free cash flow of the ideal car in 2023 is 441.900 million yuan, compared with 22 in 2022..500 million yuan up 1,861.8%。As of December 31, 2023, Ideal Cars had 31,591 employees。