- Quarterly total revenues reached RMB7,454.9 million, a 152.6%
increase year-over-year
- Quarterly vehicle deliveries reached 34,561, a 159% increase
year-over-year
- Quarterly gross margin reached 12.2%, an increase of 100 basis
points year-over-year
XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV
and HKEX: 9868), a leading Chinese smart electric vehicle
(“Smart EV”) company, today announced its unaudited
financial results for the three months ended March 31, 2022.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220523005407/en/
XPENG P7 sports sedan (Photo: Business
Wire)
Operational and Financial Highlights
for the Three Months Ended March 31, 2022
2022Q1
2021Q4
2021Q3
2021Q2
2021Q1
2020Q4
Total deliveries
34,561
41,751
25,666
17,398
13,340
12,964
P7 deliveries
19,427
21,342
19,731
11,522
7,974
8,527
P5 deliveries
10,486
7,621
244
—
—
—
- Total deliveries of vehicles were 34,561 in the first
quarter of 2022, representing an increase of 159% from 13,340 in
the corresponding period of 2021.
- Deliveries of the P7 smart sports sedan were 19,427 in
the first quarter of 2022, representing an increase of 144% from
7,974 in the corresponding period of 2021. Monthly delivery of the
P7 smart sports sedan exceeded 9,000 in March 2022 for the first
time.
- Deliveries of the P5 smart family sedan sustained
ramp-up momentum following its mass-delivery launch in October 2021
and reached 10,486 in the first quarter of 2022, among which over
50% can support XPILOT 3.0 or XPILOT 3.5.
- XPeng’s physical sales network continued expansion with
a total of 366 stores, covering 138 cities as of March 31,
2022.
- XPeng self-operated charging station network further
expanded to 933 stations, including 757 XPeng self-operated
supercharging stations and 176 destination charging stations as of
March 31, 2022.
- Total revenues were RMB7,454.9 million (US$1,176.0
million) for the first quarter of 2022, representing an increase of
152.6% from the same period of 2021, and a decrease of 12.9% from
the fourth quarter of 2021.
- Revenues from vehicle sales were RMB6,998.8 million
(US$1,104.0 million) for the first quarter of 2022, representing an
increase of 149.0% from the same period of 2021, and a decrease of
14.5% from the fourth quarter of 2021.
- Gross margin was 12.2% for the first quarter of 2022,
compared with 11.2% for the same period of 2021 and 12.0% for the
fourth quarter of 2021.
- Vehicle margin, which is gross profit of vehicle sales
as a percentage of revenues from vehicle sales, was 10.4% for the
first quarter of 2022, compared with 10.1% for the same period of
2021 and 10.9% for the fourth quarter of 2021.
- Net loss was RMB1,700.8 million (US$268.3 million) for
the first quarter of 2022, compared with RMB786.6 million for the
same period of 2021 and RMB1,287.2 million for the fourth quarter
of 2021. Excluding share-based compensation expenses, non-GAAP
net loss was RMB1,528.2 million (US$241.1 million) in the first
quarter of 2022, compared with RMB696.3 million for the same period
of 2021 and RMB1,198.3 million for the fourth quarter of 2021.
- Net loss attributable to ordinary shareholders of XPeng
was RMB1,700.8 million (US$268.3 million) for the first quarter of
2022, compared with RMB786.6 million for the same period of 2021
and RMB1,287.2 million in the fourth quarter of 2021. Excluding
share-based compensation expenses, non-GAAP net loss
attributable to ordinary shareholders of XPeng was RMB1,528.2
million (US$241.1 million) for the first quarter of 2022, compared
with RMB696.3 million for the same period of 2021 and RMB1,198.3
million for the fourth quarter of 2021.
- Basic and diluted net loss per American depositary share
(ADS) were both RMB2.00 (US$0.32) for the first quarter of
2022. Non-GAAP basic and diluted net loss per ADS were both
RMB1.80 (US$0.28) for the first quarter of 2022. Each ADS
represents two Class A ordinary shares.
- Cash and cash equivalents, restricted cash, short-term
deposits, short-term investments and long-term deposits were
RMB41,714.0 million (US$6,580.2 million) as of March 31, 2022,
compared with RMB43,543.9 million as of December 31, 2021.
Key Financial
Results
(in RMB millions, except for
percentage)
For the Three Months
Ended
% Changei
March 31, 2021
December 31, 2021
March 31, 2022
YoY
QoQ
Vehicle sales
2,810.3
8,187.2
6,998.8
149.0%
-14.5%
Vehicle margin
10.1%
10.9%
10.4%
30bp
-50bp
Total revenues
2,950.9
8,556.0
7,454.9
152.6%
-12.9%
Gross profit
329.8
1,023.3
910.7
176.1%
-11.0%
Gross margin
11.2%
12.0%
12.2%
100bp
20bp
Net loss
786.6
1,287.2
1,700.8
116.2%
32.1%
Non-GAAP net loss
696.3
1,198.3
1,528.2
119.5%
27.5%
Net loss attributable to
ordinary shareholders
786.6
1,287.2
1,700.8
116.2%
32.1%
Non-GAAP net loss
attributable to ordinary
shareholders
696.3
1,198.3
1,528.2
119.5%
27.5%
i Except for vehicle margin and gross margin, where absolute
changes instead of percentage changes are presented
Management Commentary
“Our first quarter performance marked a strong start to 2022.
Demand for our high-quality EV products was robust and our
proprietary suite of technologies continue to lead the industry,”
said Mr. He Xiaopeng, Chairman and CEO of XPeng. “Superior in-house
technology development capability and proactive supply chain
management enabled us to address supply chain challenges more
efficiently. We remain confident in expanding our market share
despite the impact of semi-conductor shortage and COVID-19.”
“Our strategic goal is to make advanced driver-assistant system
(“ADAS”) more affordable and available to broader customers.
We therefore resolve to develop full-scenario ADAS with optimized
strong performance and a high level of safety at affordable cost,
aiming to create greater value for our customers and shareholders.”
concluded Mr. He.
“We are pleased to begin the year with a strong quarter. Our
total revenues grew rapidly by 152.6% year-over-year in the first
quarter of 2022 and our gross margin held up well,” said Dr. Hongdi
Brian Gu, Honorary Vice Chairman and President of XPeng. “We will
continue to manage supply chain uncertainties and we remain
confident in our exciting product pipeline planned for 2022 and
beyond. In addition, we expect to further leverage our economies of
scale and continue to improve our operating efficiency.”
Recent Developments
Deliveries in April 2022
- Total deliveries reached 9,002 vehicles in April 2022,
representing a 75% increase year-over-year. The deliveries
consisted of 3,714 P7 smart sports sedans, 3,564 P5 smart family
sedans and 1,724 G3 and G3i compact smart SUVs.
- As of April 30, 2022, year-to-date total deliveries reached
43,563, representing a 136% increase year-over-year.
Unaudited Financial Results for the
Three Months Ended March 31, 2022
Total revenues were RMB7,454.9 million (US$1,176.0
million) for the first quarter of 2022, representing an increase of
152.6% from RMB2,950.9 million for the same period of 2021 and a
decrease of 12.9% from RMB8,556.0 million for the fourth quarter of
2021.
Revenues from vehicle sales were RMB6,998.8 million (US$1,104.0
million) for the first quarter of 2022, representing an increase of
149.0% from RMB2,810.3 million for the same period of 2021 and a
decrease of 14.5% from RMB8,187.2 million for the fourth quarter of
2021. The year-over-year increase was mainly attributable to higher
vehicle deliveries, especially for the P7 and P5, while the
quarter-over-quarter decrease was associated with less vehicle
deliveries affected by seasonal factors related to the Chinese New
Year holiday.
Revenues from services and others were RMB456.1 million (US$72.0
million) for the first quarter of 2022, representing an increase of
224.5% from RMB140.6 million for the same period of 2021 and an
increase of 23.7% from RMB368.8 million for the fourth quarter of
2021. The year-over-year and the quarter-over-quarter increases
were mainly attributed to more service, parts and accessory sales
in line with higher accumulated vehicle sales.
Cost of sales was RMB6,544.2 million (US$1,032.3 million)
for the first quarter of 2022, representing an increase of 149.7%
from RMB2,621.1 million for the same period of 2021 and a decrease
of 13.1% from RMB7,532.7 million for the fourth quarter of 2021.
The year-over-year and the quarter-over-quarter changes were mainly
in line with vehicle deliveries as described above.
Gross margin was 12.2% for the first quarter of 2022,
compared with 11.2% and 12.0% for the first quarter of 2021 and the
fourth quarter of 2021, respectively.
Vehicle margin was 10.4% for the first quarter of 2022,
compared with 10.1% for the same period of 2021 and 10.9% for the
fourth quarter of 2021. The quarter-over-quarter decrease was
primarily attributable to increase in raw material costs.
Research and development expenses were RMB1,221.3 million
(US$192.7 million) for the first quarter of 2022, representing an
increase of 128.2% from RMB535.1 million for the same period of
2021 and a decrease of 15.9% from RMB1,451.4 million for the fourth
quarter of 2021. The year-over-year increase was mainly due to (i)
the increase in employee compensation as a result of expanded
research and development staff, and (ii) higher expenses relating
to the development of new vehicles models to support future growth.
The quarter-over-quarter decrease was mainly explained by less
design and development expenses which were affected by seasonal
factors related to the Chinese New Year holiday.
Selling, general and administrative expenses were
RMB1,641.6 million (US$259.0 million) for the first quarter of
2022, representing an increase of 127.7% from RMB720.8 million for
the same period of 2021 and a decrease of 18.5% from RMB2,015.4
million for the fourth quarter of 2021. The year-over-year increase
was mainly due to (i) higher marketing, promotional and advertising
expenses to support vehicle sales, and (ii) the expansion of our
sales network and associated personnel cost, and commission for
franchised store sales. The quarter-over-quarter decrease was
mainly associated with seasonal factors mentioned above.
Loss from operations was RMB1,920.5 million (US$302.9
million) for the first quarter of 2022, compared with RMB903.9
million for the same period of 2021 and RMB2,429.7 million for the
fourth quarter of 2021. The lower quarter-over-quarter loss was
mainly attributable to less operating expenses.
Non-GAAP loss from operations, which excludes share-based
compensation expenses, was RMB1,747.9 million (US$275.7 million)
for the first quarter of 2022, compared with RMB813.7 million for
the same period of 2021 and RMB2,340.8 million for the fourth
quarter of 2021.
Net loss was RMB1,700.8 million (US$268.3 million) for
the first quarter of 2022, compared with RMB786.6 million for the
same period of 2021 and RMB1,287.2 million for the fourth quarter
of 2021.
Non-GAAP net loss, which excludes share-based
compensation expenses, was RMB1,528.2 million (US$241.1 million)
for the first quarter of 2022, compared with RMB696.3 million for
the same period of 2021 and RMB1,198.3 million for the fourth
quarter of 2021.
Net loss attributable to ordinary shareholders of XPeng
was RMB1,700.8 million (US$268.3 million) for the first quarter of
2022, compared with RMB786.6 million for the same period of 2021
and RMB1,287.2 million for the fourth quarter of 2021.
Non-GAAP net loss attributable to ordinary shareholders of
XPeng, which excludes share-based compensation expenses, was
RMB1,528.2 million (US$241.1 million) for the first quarter of
2022, compared with RMB696.3 million for the same period of 2021
and RMB1,198.3 million for the fourth quarter of 2021.
Basic and diluted net loss per ADS were both RMB2.00
(US$0.32) for the first quarter of 2022, compared with RMB0.99 for
the first quarter of 2021 and RMB1.51 for the fourth quarter of
2021.
Non-GAAP basic and diluted net loss per ADS were both
RMB1.80 (US$0.28) for the first quarter of 2022, compared with
RMB0.88 for the first quarter of 2021 and RMB1.41 for the fourth
quarter of 2021.
Balance Sheets
As of March 31, 2022, the Company had cash and cash equivalents,
restricted cash, short-term deposits, short-term investments and
long-term deposits of RMB41,714.0 million (US$6,580.2 million),
compared with RMB43,543.9 million as of December 31, 2021.
Business Outlook
For the second quarter of 2022, the Company expects:
- Deliveries of vehicles to be between 31,000 and 34,000,
representing a year-over-year increase of approximately 78.2% to
95.4%.
- Total revenues to be between RMB6.8 billion and RMB7.5
billion, representing a year-over-year increase of approximately
80.8% to 99.4%.
The above outlook is based on the current market conditions and
reflects the Company’s preliminary estimates of market and
operating conditions, and customer demand, which are all subject to
change.
Conference Call
The Company’s management will host an earnings conference call
at 8:00 AM U.S. Eastern Time on May 23, 2022 (8:00 PM Beijing/Hong
Kong time on May 23, 2022.)
Dial-in details for the earnings conference call are as
follows:
United States:
+1-833-350-1333
United Kingdom:
+44-203-547-8612
International:
+1-236-389-2427
Hong Kong, China:
+852-3012-6671
China Mainland:
400-820-9391
Conference ID:
7028829
Participants please dial-in 5 minutes prior to the scheduled
start time to be connected to the call.
Additionally, a live and archived webcast of the conference call
will be available on the Company’s investor relations website at
http://ir.xiaopeng.com.
A replay of the conference call will be accessible approximately
two hours after the conclusion of the call until May 30, 2022, by
dialing the following telephone numbers:
United States:
+1-800-585-8367
International:
+1-416-621-4642
Replay Access Code:
7028829
About XPeng
XPeng is a leading Chinese Smart EV company that designs,
develops, manufactures, and markets Smart EVs that appeal to the
large and growing base of technology-savvy middle-class consumers
in China. Its mission is to drive Smart EV transformation with
technology and data, shaping the mobility experience of the future.
In order to optimize its customers’ mobility experience, XPeng
develops in-house its full-stack advanced driver-assistance system
technology and in-car intelligent operating system, as well as core
vehicle systems including powertrain and the electrification/
electronic architecture. XPeng is headquartered in Guangzhou,
China, with main offices in Beijing, Shanghai, Silicon Valley, San
Diego and Amsterdam. The Company’s Smart EVs are mainly
manufactured at its plant in Zhaoqing, Guangdong province. For more
information, please visit https://heyxpeng.com/.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as non-GAAP loss from
operations, non-GAAP net loss, non-GAAP net loss attributable to
ordinary shareholders, non-GAAP basic loss per weighted average
number of ordinary shares and non-GAAP basic loss per ADS, in
evaluating its operating results and for financial and operational
decision-making purposes. By excluding the impact of share-based
compensation expenses, the Company believes that the non-GAAP
financial measures help identify underlying trends in its business
and enhance the overall understanding of the Company’s past
performance and future prospects. The Company also believes that
the non-GAAP financial measures allow for greater visibility with
respect to key metrics used by the Company’s management in its
financial and operational decision-making. The non-GAAP financial
measures are not presented in accordance with U.S. GAAP and may be
different from non-GAAP methods of accounting and reporting used by
other companies. The non-GAAP financial measures have limitations
as analytical tools and when assessing the Company’s operating
performance, investors should not consider them in isolation, or as
a substitute for net loss or other consolidated statements of
comprehensive loss data prepared in accordance with U.S. GAAP. The
Company encourages investors and others to review its financial
information in its entirety and not rely on a single financial
measure. The Company mitigates these limitations by reconciling the
non-GAAP financial measures to the most comparable U.S. GAAP
performance measures, all of which should be considered when
evaluating the Company’s performance.
For more information on the non-GAAP financial measures, please
see the table captioned “Unaudited Reconciliations of GAAP and
non-GAAP Results” set forth in this announcement.
Exchange Rate Information
This announcement contains translations of certain RMB amounts
into U.S. dollars at a specified rate solely for the convenience of
the reader. Unless otherwise noted, all translations from RMB to
U.S. dollars and from U.S. dollars to RMB are made at a rate of
RMB6.3393 to US$1.00, the exchange rate on March 31, 2022, set
forth in the H.10 statistical release of the Federal Reserve Board.
The Company makes no representation that the RMB or U.S. dollars
amounts referred could be converted into U.S. dollars or RMB, as
the case may be, at any particular rate or at all.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates” and similar statements. Statements
that are not historical facts, including statements about XPeng’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: XPeng’s goal
and strategies; XPeng’s expansion plans; XPeng’s future business
development, financial condition and results of operations; the
trends in, and size of, China’s EV market; XPeng’s expectations
regarding demand for, and market acceptance of, its products and
services; XPeng’s expectations regarding its relationships with
customers, contract manufacturer, suppliers, third-party service
providers, strategic partners and other stakeholders; general
economic and business conditions; and assumptions underlying or
related to any of the foregoing. Further information regarding
these and other risks is included in XPeng’s filings with the
United States Securities and Exchange Commission. All information
provided in this announcement is as of the date of this
announcement, and XPeng does not undertake any obligation to update
any forward-looking statement, except as required under applicable
law.
XPENG INC.
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except
for share and per share data)
December 31, 2021 (audited)
RMB
March 31, 2022 (unaudited)
RMB
March 31, 2022 (unaudited)
US$
ASSETS
Current assets
Cash and cash equivalents
11,024,906
9,320,455
1,470,266
Restricted cash
609,975
494,232
77,963
Short-term deposits
25,858,007
23,809,894
3,755,918
Short-term investments
2,833,763
2,160,274
340,775
Accounts and notes receivable, net
2,673,494
3,079,059
485,710
Current portion of installment payment
receivables, net
887,202
1,040,019
164,059
Inventory
2,661,921
3,670,513
579,009
Amounts due from related parties
32,785
50,675
7,994
Prepayments and other current assets
2,248,683
2,397,726
378,232
Total current assets
48,830,736
46,022,847
7,259,926
Non-current assets
Property, plant and equipment, net
5,424,776
6,163,984
972,345
Right-of-use assets, net
1,561,175
1,776,485
280,234
Intangible assets, net
878,724
883,541
139,375
Land use rights, net
595,471
2,200,302
347,089
Installment payment receivables, net
1,863,492
2,023,234
319,157
Other non-current assets
1,730,486
339,833
53,607
Long-term investments
1,549,176
1,645,034
259,498
Long-term deposits
3,217,266
5,929,127
935,297
Total non-current assets
16,820,566
20,961,540
3,306,602
Total assets
65,651,302
66,984,387
10,566,528
XPENG INC.
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS (CONTINUED)
(All amounts in thousands, except
for share and per share data)
December 31, 2021 (audited)
RMB
March 31, 2022 (unaudited)
RMB
March 31, 2022 (unaudited)
US$
LIABILITIES
Current liabilities
Accounts and notes payable
12,362,186
13,850,126
2,184,804
Amounts due to related parties
24,919
22,126
3,490
Current portion of lease liabilities
373,488
423,847
66,860
Current portion of deferred revenue
418,227
475,413
74,995
Current portion of long-term
borrowings
—
477,425
75,312
Accruals and other liabilities
4,811,107
4,790,609
755,700
Income taxes payable
22,737
26,058
4,111
Total current liabilities
18,012,664
20,065,604
3,165,272
Non-current liabilities
Long-term borrowings
1,675,106
2,256,740
355,992
Lease liabilities
1,189,754
1,362,866
214,987
Deferred revenue
479,061
564,684
89,077
Other non-current liabilities
2,148,139
2,214,455
349,322
Total non-current liabilities
5,492,060
6,398,745
1,009,378
Total liabilities
23,504,724
26,464,349
4,174,650
Commitments and contingencies
SHAREHOLDERS’ EQUITY
Class A Ordinary shares
87
87
14
Class B Ordinary shares
25
25
4
Additional paid-in capital
59,980,534
60,153,073
9,488,914
Statutory reserves
6,047
6,047
954
Accumulated deficit
(16,191,566)
(17,892,333)
(2,822,447)
Accumulated other comprehensive loss
(1,648,549)
(1,746,861)
(275,561)
Total shareholders’ equity
42,146,578
40,520,038
6,391,878
Total liabilities and shareholders’
equity
65,651,302
66,984,387
10,566,528
XPENG INC.
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
(All amounts in thousands, except
for share and per share data)
Three Months End
March 31, 2021 RMB
December 31, 2021 RMB
March 31, 2022 RMB
March 31, 2022 US$
Revenues
Vehicle sales
2,810,347
8,187,181
6,998,815
1,104,036
Services and others
140,579
368,827
456,123
71,952
Total revenues
2,950,926
8,556,008
7,454,938
1,175,988
Cost of sales
Vehicle sales
(2,525,808)
(7,296,930)
(6,271,499)
(989,305)
Services and others
(95,277)
(235,768)
(272,710)
(43,019)
Total cost of sales
(2,621,085)
(7,532,698)
(6,544,209)
(1,032,324)
Gross profit
329,841
1,023,310
910,729
143,664
Operating expenses
Research and development expenses
(535,114)
(1,451,389)
(1,221,278)
(192,652)
Selling, general and administrative
expenses
(720,821)
(2,015,425)
(1,641,575)
(258,952)
Total operating expenses
(1,255,935)
(3,466,814)
(2,862,853)
(451,604)
Other income, net
22,161
13,837
31,659
4,994
Loss from operations
(903,933)
(2,429,667)
(1,920,465)
(302,946)
Interest income
135,102
264,015
227,944
35,957
Interest expenses
(1,142)
(13,841)
(19,834)
(3,129)
Fair value loss on derivative
liabilities
(1,808)
(26,910)
(18,249)
(2,879)
Fair value gain (loss) on long-term
investments
—
591,506
(17,249)
(2,721)
Other non-operating (loss) income, net
(14,780)
353,419
49,510
7,810
Loss before income tax expenses
(786,561)
(1,261,478)
(1,698,343)
(267,908)
Income tax expenses
—
(25,687)
(2,424)
(382)
Net loss
(786,561)
(1,287,165)
(1,700,767)
(268,290)
Net loss attributable to ordinary
shareholders of XPeng Inc.
(786,561)
(1,287,165)
(1,700,767)
(268,290)
XPENG INC.
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
(CONTINUED)
(All amounts in thousands, except
for share and per share data)
Three Months End
March 31, 2021 RMB
December 31, 2021 RMB
March 31, 2022 RMB
March 31, 2022 US$
Net loss
(786,561)
(1,287,165)
(1,700,767)
(268,290)
Other comprehensive loss
Foreign currency translation
adjustment, net of nil tax
101,092
(568,659)
(98,312)
(15,508)
Total comprehensive loss
attributable to XPeng Inc.
(685,469)
(1,855,824)
(1,799,079)
(283,798)
Comprehensive loss attributable
to ordinary shareholders of
XPeng Inc.
(685,469)
(1,855,824)
(1,799,079)
(283,798)
Weighted average number of
ordinary shares used in
computing net loss per share
Basic and diluted
1,586,718,206
1,700,956,007
1,702,708,311
1,702,708,311
Net loss per share attributable to
ordinary shareholders
Basic and diluted
(0.50)
(0.76)
(1.00)
(0.16)
Weighted average number of ADS
used in computing net loss per
share
Basic and diluted
793,359,103
850,478,004
851,354,156
851,354,156
Net loss per ADS attributable to
ordinary shareholders
Basic and diluted
(0.99)
(1.51)
(2.00)
(0.32)
XPENG INC.
UNAUDITED RECONCILIATIONS OF
GAAP AND NON-GAAP RESULTS
(All amounts in thousands, except
for share and per share data)
Three Months End
March 31, 2021
December 31, 2021
March 31, 2022
March 31, 2022
RMB
RMB
RMB
US$
Loss from operations
(903,933)
(2,429,667)
(1,920,465)
(302,946)
Share-based compensation expenses
90,276
88,846
172,539
27,217
Non-GAAP loss from operations
(813,657)
(2,340,821)
(1,747,926)
(275,729)
Net loss
(786,561)
(1,287,165)
(1,700,767)
(268,290)
Share-based compensation expenses
90,276
88,846
172,539
27,217
Non-GAAP net loss
(696,285)
(1,198,319)
(1,528,228)
(241,073)
Net loss attributable to ordinary
shareholders
(786,561)
(1,287,165)
(1,700,767)
(268,290)
Share-based compensation expenses
90,276
88,846
172,539
27,217
Non-GAAP net loss attributable to
ordinary shareholders of XPeng
Inc.
(696,285)
(1,198,319)
(1,528,228)
(241,073)
Weighted average number of ordinary
shares used in calculating Non-
GAAP net loss per share
Basic and diluted
1,586,718,206
1,700,956,007
1,702,708,311
1,702,708,311
Non-GAAP net loss per ordinary
share
Basic and diluted
(0.44)
(0.70)
(0.90)
(0.14)
Weighted average number of ADS
used in calculating Non-GAAP net
loss per share
Basic and diluted
793,359,103
850,478,004
851,354,156
851,354,156
Non-GAAP net loss per ADS
Basic and diluted
(0.88)
(1.41)
(1.80)
(0.28)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220523005407/en/
For Investor Enquiries IR Department XPeng Inc. E-mail:
ir@xiaopeng.com
Jenny Cai The Piacente Group Tel: +1-212-481-2050 or
+86-10-6508-0677 E-mail: xpeng@tpg-ir.com
For Media Enquiries Marie Cheung XPeng Inc. Tel:
+852-9750-5170/+86-1550-7577-546 E-mail:
mariecheung@xiaopeng.com
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