公司治理 - 作为新兴增长公司，公司只需提供两年审计财务报表和管理层讨论与分析，不需要进行内部控制审计[183] - 公司的章程规定，特定股东诉讼事项将在特定法院进行，可能限制股东与公司、董事、高管或其他股东之间的争议司法论坛[184] - 公司的章程和章程包含限制股东采取某些行动的规定，可能延迟、阻止或阻止股东可能认为有利的收购尝试[186] 风险提示 - 公司的股价可能会波动或下跌，与公司的运营表现无关，可能受多种因素影响，包括市场和行业因素[188] - 公司不打算在可预见的未来支付普通股股息，目前打算保留所有可用资金和未来收益用于业务发展和增长[189] - 如果证券分析师不发布关于公司的研究或报告，或者对公司或行业发表不利评论或降级普通股，普通股价格可能会下跌[190] - 公司可能面临外国腐败行为法案、英国贿赂法、中国和其他反腐败法律下的责任，违反这些法律可能对公司的业务产生重大不利影响[191] - 公司面临与健康流行病有关的风险，包括任何持续的公共卫生危机，这可能会对公司的业务和业绩产生重大不利影响[193] 财务状况 - 公司现金及现金等价物从2022年的231,420美元下降至2023年的44,541美元[282] - 公司2023年的应收账款净额为138,717美元，较2022年的119,304美元有所增加[282] - 公司2023年的存货净额为149,749美元，较2022年的84,252美元大幅增长[282] - 公司2023年的总资产达到1,096,732美元，较2022年的984,957美元有所增长[282] - 公司2023年的总负债为532,542美元，较2022年的371,980美元大幅增加[282] - 公司2023年的股东权益为564,190美元，较2022年的612,977美元有所下降[282] 营收与净利润 - 2023年Microvast Holdings, Inc.的营收为30.7亿美元，较2022年增长约50%[284] - 2023年Microvast Holdings, Inc.的净亏损为10.64亿美元，较2022年减少约33%[288] - 2023年Microvast Holdings, Inc.的现金、现金等价物和受限现金为8.82亿美元，较2022年减少约70%[290] - Microvast Holdings, Inc. 在2023年实现营收30.66亿美元，2022年为20.45亿美元，2021年为15.2亿美元[298] 资金情况 - 公司截至2023年12月31日的现金及现金等价物余额为4.45亿美元[299] - 公司预计需要额外15亿至17亿美元的资金来完成田纳西产能扩张项目[302] - 公司正在谈判一项拟议的贷款协议，以支持田纳西产能扩张，金额为15亿美元，期限为四年[305] - 公司正在评估几种其他筹资计划，包括发行债务或股权工具，或出售不与其电池制造或组装业务相关的美国房地产资产[307] - 公司已选择并董事会已批准聘请一家投资银行，以评估战略选择，并从第三方来源融资[308] 财务会计 - 公司的现金及现金等价物包括手头现金和高流动性投资，未受限制的提取或使用，或者到期日不超过三个月[316] - 公司的应收账款代表业务常规收入中的应收款项，减去信用损失准备金[318] - 2022年底和2023年底，应收票据余额分别为2,196和23,736美元[320] - 2021、2022和2023年，短期投资利息收入分别为0、70和438美元[321] - 公司根据ASC 815-40的指导原则对认股权证进行会计处理，将私人认股权证作为负债记录[1]

Microvast Holdings, Inc. (NASDAQ:MVST) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Rodney Worthen - Director of Investor Relations Yang Wu - Founder, Chairman, President and Chief Executive Officer Zach Ward - President Craig Webster - Chief Financial Officer Conference Call Participants Sameer Joshi - H.C. Wainwright & Co., LLC Sean Milligan - Janney Montgomery Scott LLC Colin Rusch - Oppenheimer Operator Thank you for standing by. This is the conference operator. Welc ...

Q 3 2 0 2 3 Disclaimer Forward-Looking Statements Non-GAAP Financial Measures This communication contains “forward-looking statements” within the meaning of This presentation contains adjusted gross profit, adjusted operating loss and adjusted net loss, the Private Securities Litigation Reform Act of 1995. Such statements include, but which are non-GAAP financial measures. Adjusted gross profit is GAAP gross profit as adjusted are not limited to, statements about future financial and operating results, our ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to________________ Microvast Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-38826 83-2530757 (State or other ju ...

Q 2 2 0 2 3 Disclaimer Forward-Looking Statements Non-GAAP Financial Measures This communication contains “forward-looking statements” within the meaning of This presentation contains adjusted gross profit, adjusted operating loss and adjusted net loss, the Private Securities Litigation Reform Act of 1995. Such statements include, but which are non-GAAP financial measures. Adjusted gross profit is GAAP gross profit as adjusted are not limited to, statements about future financial and operating results, our ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to________________ Microvast Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-38826 83-2530757 (State or other jurisdi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to________________ Microvast Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-38826 83-2530757 (State or other jurisd ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ____________________________________________________ FORM 10-K ____________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___________to___________ Commission File N ...