- Quarterly total revenues reached RMB7,436.3 million, a 97.7%
increase year-over-year
- Quarterly vehicle deliveries reached 34,422, a 98% increase
year-over-year
- Quarterly gross margin was 10.9%, a decrease 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 June 30, 2022.
Operational and
Financial Highlights for the Three Months Ended June 30,
2022
2022Q2
2022Q1
2021Q4
2021Q3
2021Q2
2021Q1
Total deliveries
34,422
34,561
41,751
25,666
17,398
13,340
P7 deliveries
15,983
19,427
21,342
19,731
11,522
7,974
P5 deliveries
12,848
10,486
7,621
244
—
—
- Total deliveries of vehicles were 34,422 in the second
quarter of 2022, representing an increase of 98% from 17,398 in the
corresponding period of 2021.
- Deliveries of the P7 smart sports sedan were 15,983 in
the second quarter of 2022, representing an increase of 39% from
11,522 in the corresponding period of 2021.
- Deliveries of the P5 smart family sedan were 12,848 in
the second 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 388 stores, covering 142 cities as of June 30,
2022.
- XPeng self-operated charging station network further
expanded to 977 stations, including 793 XPeng self-operated
supercharging stations and 184 destination charging stations as of
June 30, 2022.
- Total revenues were RMB7,436.3 million (US$1,110.2
million) for the second quarter of 2022, representing an increase
of 97.7% from the same period of 2021, and comparable to the level
of the first quarter of 2022.
- Revenues from vehicle sales were RMB6,938.5 million
(US$1,035.9 million) for the second quarter of 2022, representing
an increase of 93.6% from the same period of 2021.
- Gross margin was 10.9% for the second quarter of 2022,
compared with 11.9% for the same period of 2021 and 12.2% for the
first quarter of 2022.
- Vehicle margin, which is gross profit of vehicle sales
as a percentage of vehicle sales revenue, was 9.1% for the second
quarter of 2022, compared with 11.0% for the same period of 2021
and 10.4% for the first quarter of 2022.
- Net loss was RMB2,700.9 million (US$403.2 million) for
the second quarter of 2022, compared with RMB1,194.6 million for
the same period of 2021 and RMB1,700.8 million for the first
quarter of 2022. Excluding share-based compensation expenses,
non-GAAP net loss was RMB2,464.4 million (US$367.9 million)
in the second quarter of 2022, compared with RMB1,096.4 million for
the same period of 2021 and RMB1,528.2 million for the first
quarter of 2022.
- Net loss attributable to ordinary shareholders of XPeng
was RMB2,700.9 million (US$403.2 million) for the second quarter of
2022, compared with RMB1,194.6 million for the same period of 2021
and RMB1,700.8 million in the first quarter of 2022. Excluding
share-based compensation expenses, non-GAAP net loss
attributable to ordinary shareholders of XPeng was RMB2,464.4
million (US$367.9 million) for the second quarter of 2022, compared
with RMB1,096.4 million for the same period of 2021 and RMB1,528.2
million for the first quarter of 2022.
- Basic and diluted net loss per American depositary share
(ADS) were both RMB3.16 (US$0.47) for the second quarter of
2022. Non-GAAP basic and diluted net loss per ADS were both
RMB2.88 (US$0.43) for the second 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
RMB41,339.3 million (US$6,171.8 million) as of June 30, 2022,
compared with RMB43,543.9 million as of December 31, 2021 and
RMB41,714.0 million as of March 31, 2022.
Key Financial Results
(in RMB millions, except for
percentage)
For the Three Months
Ended
% Changei
June 30, 2021
March 31, 2022
June 30, 2022
YoY
QoQ
Vehicle sales
3,584.4
6,998.8
6,938.5
93.6
%
-0.9
%
Vehicle margin
11.0%
10.4%
9.1%
-190bp
-130bp
Total revenues
3,761.3
7,454.9
7,436.3
97.7
%
-0.2
%
Gross profit
448.6
910.7
809.4
80.4
%
-11.1
%
Gross margin
11.9%
12.2%
10.9%
-100bp
-130bp
Net loss
1,194.6
1,700.8
2,700.9
126.1
%
58.8
%
Non-GAAP net loss
1,096.4
1,528.2
2,464.4
124.8
%
61.3
%
Net loss attributable to ordinary
shareholders
1,194.6
1,700.8
2,700.9
126.1
%
58.8
%
Non-GAAP net loss attributable
to ordinary shareholders
1,096.4
1,528.2
2,464.4
124.8
%
61.3
%
i Except for vehicle margin and gross margin, where absolute
changes instead of percentage are presented
Management Commentary
“Our deliveries sustained robust growth momentum in the second
quarter despite unprecedented circumstances brought by the
resurgence of COVID-19 in certain areas of China,” said Mr. He
Xiaopeng, Chairman and CEO of XPeng. “We are on track for the
official launch of our flagship G9 SUV in September 2022. The G9 is
expected to become the industry’s new benchmark for comfort, luxury
and advanced technologies in the medium- to large-size SUV segment.
With the G9, we have taken both electrification and smart
technologies to new heights. These new technologies will be
integrated into our future models and alongside our extraordinary
product design we will set the bar for an unparalleled driving
experience.”
“We are accelerating the pace of new product launches to round
out our offering with vehicles priced between RMB150,000 to
RMB500,000. In 2023, we plan to roll out two new competitive models
that will further propel rapid sales volume growth,” Mr. He
concluded.
“Our solid financial results for the second quarter of 2022
reflect our ability to meet strong market demand despite supply
chain challenges and cost inflation,” said Dr. Hongdi Brian Gu,
Honorary Vice Chairman and President of XPeng. “We expect our
investments in R&D to bear fruit in the upcoming quarters with
the roll-out of multiple new products, which will unleash new
growth potential and reinforce our leading position in the smart
electric vehicle industry.”
Recent Developments
Deliveries in July 2022
- Total deliveries reached 11,524 vehicles in July 2022,
representing a 43% increase year-over-year. The deliveries
consisted of 6,397 P7 smart sports sedans, 3,608 P5 smart family
sedans and 1,519 G3 and G3i compact smart SUVs.
- As of July 31, 2022, year-to-date total deliveries reached
80,507, representing a 108% increase year-over-year.
Unaudited Financial Results for the
Three Months Ended June 30, 2022
Total revenues were RMB7,436.3 million (US$1,110.2
million) for the second quarter of 2022, representing an increase
of 97.7% from RMB3,761.3 million for the same period of 2021 and a
decrease of 0.2% from RMB7,454.9 million for the first quarter of
2022.
Revenues from vehicle sales were RMB6,938.5 million (US$1,035.9
million) for the second quarter of 2022, representing an increase
of 93.6% from RMB3,584.4 million for the same period of 2021 and a
decrease of 0.9% from RMB6,998.8 million for the first quarter of
2022. The year-over-year increase was mainly attributable to higher
vehicle deliveries, especially for the P7 and P5. Vehicle sales
revenue remained stable compared with the first quarter of
2022.
Revenues from services and others were RMB497.8 million (US$74.3
million) for the second quarter of 2022, representing an increase
of 181.4% from RMB176.9 million for the same period of 2021 and an
increase of 9.1% from RMB456.1 million for the first quarter of
2022. The year-over-year and the quarter-over-quarter increases
were mainly attributable to more service, parts and accessory sales
in line with higher accumulated vehicle sales.
Cost of sales was RMB6,627.0 million (US$989.4 million)
for the second quarter of 2022, representing an increase of 100.0%
from RMB3,312.7 million for the same period of 2021 and an increase
of 1.3% from RMB6,544.2 million for the first quarter of 2022. The
year-over-year increase was mainly in line with vehicle deliveries
as described above, while the quarter-over-quarter change was
primarily attributable to the increase in raw material and battery
cost.
Gross margin was 10.9% for the second quarter of 2022,
compared with 11.9% and 12.2% for the second quarter of 2021 and
the first quarter of 2022, respectively.
Vehicle margin was 9.1% for the second quarter of 2022,
compared with 11.0% for the same period of 2021 and 10.4% for the
first quarter of 2022. The quarter-over-quarter decrease was mainly
attributable to battery cost increase, offset partially by revenue
increase as a result of selling price adjustment.
Research and development expenses were RMB1,265.0 million
(US$188.9 million) for the second quarter of 2022, representing an
increase of 46.5% from RMB863.5 million for the same period of 2021
and an increase of 3.6% from RMB1,221.3 million for the first
quarter of 2022. The year-over-year and the quarter-over-quarter
increases were 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.
Selling, general and administrative expenses were
RMB1,664.5 million (US$248.5 million) for the second quarter of
2022, representing an increase of 61.5% from RMB1,030.8 million for
the same period of 2021 and comparable to the level of the first
quarter of 2022. The year-over-year increase was mainly due to the
expansion of our sales network and associated personnel cost, and
commission for franchised store sales.
Loss from operations was RMB2,090.8 million (US$312.1
million) for the second quarter of 2022, compared with RMB1,443.2
million for the same period of 2021 and RMB1,920.5 million for the
first quarter of 2022. The higher quarter-over-quarter loss was
mainly attributable to lower gross profit and higher operating
expenses mentioned above.
Non-GAAP loss from operations, which excludes share-based
compensation expenses, was RMB1,854.3 million (US$276.8 million)
for the second quarter of 2022, compared with RMB1,345.0 million
for the same period of 2021 and RMB1,747.9 million for the first
quarter of 2022.
Exchange loss from foreign currency transactions was
RMB938.3 million (US$140.1 million) for the second quarter of 2022,
primarily resulting from the revaluation impact of
Renminbi-dominated assets held in U.S. functional currency
subsidiaries and depreciation of Renminbi against U.S. dollars in
the second quarter of 2022.
Net loss was RMB2,700.9 million (US$403.2 million) for
the second quarter of 2022, compared with RMB1,194.6 million for
the same period of 2021 and RMB1,700.8 million for the first
quarter of 2022.
Non-GAAP net loss, which excludes share-based
compensation expenses, was RMB2,464.4 million (US$367.9 million)
for the second quarter of 2022, compared with RMB1,096.4 million
for the same period of 2021 and RMB1,528.2 million for the first
quarter of 2022.
Net loss attributable to ordinary shareholders of XPeng
was RMB2,700.9 million (US$403.2 million) for the second quarter of
2022, compared with RMB1,194.6 million for the same period of 2021
and RMB1,700.8 million for the first quarter of 2022.
Non-GAAP net loss attributable to ordinary shareholders of
XPeng, which excludes share-based compensation expenses, was
RMB2,464.4 million (US$367.9 million) for the second quarter of
2022, compared with RMB1,096.4 million for the same period of 2021
and RMB1,528.2 million for the first quarter of 2022.
Basic and diluted net loss per ADS attributable to ordinary
shareholders of XPeng were both RMB3.16 (US$0.47) for the
second quarter of 2022, compared with RMB1.50 for the second
quarter of 2021 and RMB2.00 for the first quarter of 2022.
Non-GAAP basic and diluted net loss per ADS attributable to
ordinary shareholders of XPeng were both RMB2.88 (US$0.43) for
the second quarter of 2022, compared with RMB1.38 for the second
quarter of 2021 and RMB1.80 for the first quarter of 2022.
Balance Sheets
As of June 30, 2022, the Company had cash and cash equivalents,
restricted cash, short-term deposits, short-term investments and
long-term deposits of RMB41,339.3 million (US$6,171.8 million),
compared with RMB43,543.9 million as of December 31, 2021 and
RMB41,714.0 million as of March 31, 2022.
Business Outlook
For the third quarter of 2022, the Company expects:
- Deliveries of vehicles to be between 29,000 and 31,000,
representing a year-over-year increase of approximately 13.0% to
20.8%.
- Total revenues to be between RMB6.8 billion and RMB7.2
billion, representing a year-over-year increase of approximately
18.9% to 25.9%.
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 August 23, 2022 (8:00 PM
Beijing/Hong Kong time on August 23, 2022.)
For participants who wish to join the call by phone, please
access the link provided below to complete the pre-registration
process and dial in 5 minutes prior to the scheduled call start
time. Upon registration, each participant will receive dial-in
details to join the conference call.
Event Title
XPeng Inc. Second Quarter 2022 Earnings
Conference Call
Pre-registration link:
https://s1.c-conf.com/diamondpass/10023834-ne2m8a.html
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 August 30, 2022,
by dialing the following telephone numbers:
United States:
+1-855-883-1031
International:
+61-7-3107-6325
Hong Kong, China:
800-930-639
Mainland China:
400-120-9216
Replay Access Code:
10023834
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 electrical/ 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
RMB6.6981 to US$1.00, the exchange rate on June 30, 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, 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 ADS/ordinary share and per ADS/ordinary share data)
December 31, 2021 (audited)
RMB
June 30, 2022
(unaudited) RMB
June 30, 2022
(unaudited) US$
ASSETS
Current assets
Cash and cash equivalents
11,024,906
9,012,419
1,345,519
Restricted cash
609,975
295,151
44,065
Short-term deposits
25,858,007
20,852,332
3,113,171
Short-term investments
2,833,763
2,449,613
365,718
Accounts and notes receivable, net
2,673,494
3,386,604
505,607
Current portion of installment payment
receivables, net
887,202
1,142,991
170,644
Inventory
2,661,921
4,239,617
632,958
Amounts due from related parties
32,785
168,590
25,170
Prepayments and other current assets
2,248,683
2,149,493
320,910
Total current assets
48,830,736
43,696,810
6,523,762
Non-current assets
Long-term deposits
3,217,266
8,729,823
1,303,328
Property, plant and equipment, net
5,424,776
7,314,973
1,092,097
Right-of-use assets, net
1,561,175
1,953,697
291,679
Intangible assets, net
878,724
862,953
128,835
Land use rights, net
595,471
2,357,934
352,030
Installment payment receivables, net
1,863,492
2,132,932
318,438
Long-term investments
1,549,176
2,007,630
299,731
Other non-current assets
1,730,486
224,484
33,515
Total non-current assets
16,820,566
25,584,426
3,819,653
Total assets
65,651,302
69,281,236
10,343,415
XPENG INC.
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS (CONTINUED)
(All amounts in thousands, except
for ADS/ordinary share and per ADS/ordinary share data)
December 31, 2021 (audited)
RMB
June 30, 2022
(unaudited) RMB
June 30, 2022
(unaudited) US$
LIABILITIES
Current liabilities
Short-term borrowings
—
500,000
74,648
Accounts and notes payable
12,362,186
15,491,283
2,312,788
Amounts due to related parties
24,919
—
—
Current portion of lease liabilities
373,488
461,310
68,872
Current portion of deferred revenue
418,227
363,375
54,250
Current portion of long-term
borrowings
—
296,681
44,293
Accruals and other liabilities
4,811,107
4,990,794
745,106
Income taxes payable
22,737
37,661
5,623
Total current liabilities
18,012,664
22,141,104
3,305,580
Non-current liabilities
Long-term borrowings
1,675,106
2,610,246
389,699
Lease liabilities
1,189,754
1,495,316
223,245
Deferred revenue
479,061
648,124
96,762
Other non-current liabilities
2,148,139
2,408,020
359,508
Total non-current liabilities
5,492,060
7,161,706
1,069,214
Total liabilities
23,504,724
29,302,810
4,374,794
SHAREHOLDERS’ EQUITY
Class A Ordinary shares
87
87
13
Class B Ordinary shares
25
25
4
Additional paid-in capital
59,980,534
60,389,542
9,015,921
Statutory reserves
6,047
6,047
903
Accumulated deficit
(16,191,566
)
(20,593,215
)
(3,074,487
)
Accumulated other comprehensive (loss)
income
(1,648,549
)
175,940
26,267
Total shareholders’ equity
42,146,578
39,978,426
5,968,621
Total liabilities and shareholders’
equity
65,651,302
69,281,236
10,343,415
XPENG INC.
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(All amounts in thousands, except
for ADS/ordinary share and per ADS/ordinary share data)
Three Months End
June 30, 2021 RMB
March 31, 2022 RMB
June 30, 2022
RMB
June 30, 2022
US$
Revenues
Vehicle sales
3,584,364
6,998,815
6,938,497
1,035,890
Services and others
176,915
456,123
497,848
74,327
Total revenues
3,761,279
7,454,938
7,436,345
1,110,217
Cost of sales
Vehicle sales
(3,191,489
)
(6,271,499
)
(6,309,727
)
(942,017
)
Services and others
(121,210
)
(272,710
)
(317,258
)
(47,365
)
Total cost of sales
(3,312,699
)
(6,544,209
)
(6,626,985
)
(989,382
)
Gross profit
448,580
910,729
809,360
120,835
Operating expenses
Research and development expenses
(863,524
)
(1,221,278
)
(1,264,959
)
(188,853
)
Selling, general and administrative
expenses
(1,030,767
)
(1,641,575
)
(1,664,513
)
(248,505
)
Total operating expenses
(1,894,291
)
(2,862,853
)
(2,929,472
)
(437,358
)
Other income, net
2,546
31,659
29,328
4,379
Loss from operations
(1,443,165
)
(1,920,465
)
(2,090,784
)
(312,144
)
Interest income
150,029
227,944
267,506
39,938
Interest expenses
(24,006
)
(19,834
)
(22,311
)
(3,331
)
Fair value gain (loss) on derivative
assets or derivative liabilities
77,790
(18,249
)
84,211
12,572
Fair value (loss) gain on long-term
investments
—
(17,249
)
15,869
2,369
Exchange gain (loss) from foreign
currency transactions
44,810
46,405
(938,327
)
(140,089
)
Other non-operating (loss) income, net
(27
)
3,105
(1,948
)
(291
)
Loss before income tax expenses and
share of results of equity method
investees
(1,194,569
)
(1,698,343
)
(2,685,784
)
(400,976
)
Income tax expenses
—
(2,424
)
(11,735
)
(1,752
)
Share of results of equity method
investees
—
—
(3,363
)
(502
)
Net loss
(1,194,569
)
(1,700,767
)
(2,700,882
)
(403,230
)
Net loss attributable to ordinary
shareholders of XPeng Inc.
(1,194,569
)
(1,700,767
)
(2,700,882
)
(403,230
)
XPENG INC.
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONTINUED)
(All amounts in thousands, except
for ADS/ordinary share and per ADS/ordinary share data)
Three Months End
June 30, 2021 RMB
March 31, 2022 RMB
June 30, 2022
RMB
June 30, 2022
US$
Net loss
(1,194,569
)
(1,700,767
)
(2,700,882
)
(403,230
)
Other comprehensive loss
Foreign currency translation
adjustment, net of nil tax
(424,123
)
(98,312
)
1,922,801
287,067
Total comprehensive loss
attributable to XPeng Inc.
(1,618,692
)
(1,799,079
)
(778,081
)
(116,163
)
Comprehensive loss attributable
to ordinary shareholders of
XPeng Inc.
(1,618,692
)
(1,799,079
)
(778,081
)
(116,163
)
Weighted average number of
ordinary shares used in
computing net loss per ordinary
share
Basic and diluted
1,592,387,877
1,702,708,311
1,708,557,461
1,708,557,461
Net loss per share attributable to
ordinary shareholders
Basic and diluted
(0.75
)
(1.00
)
(1.58
)
(0.24
)
Weighted average number of ADS
used in computing net loss per
share
Basic and diluted
796,193,938
851,354,156
854,278,731
854,278,731
Net loss per ADS attributable to
ordinary shareholders
Basic and diluted
(1.50
)
(2.00
)
(3.16
)
(0.47
)
XPENG INC.
UNAUDITED RECONCILIATIONS OF
GAAP AND NON-GAAP RESULTS
(All amounts in thousands, except
for ADS/ordinary share and per ADS/ordinary share data)
Three Months End
June 30,
2021
March 31, 2022
June 30,
2022
June 30,
2022
RMB
RMB
RMB
US$
Loss from operations
(1,443,165)
(1,920,465)
(2,090,784)
(312,144)
Share-based compensation expenses
98,153
172,539
236,469
35,304
Non-GAAP loss from operations
(1,345,012)
(1,747,926)
(1,854,315)
(276,840)
Net loss
(1,194,569)
(1,700,767)
(2,700,882)
(403,230)
Share-based compensation expenses
98,153
172,539
236,469
35,304
Non-GAAP net loss
(1,096,416)
(1,528,228)
(2,464,413)
(367,926)
Net loss attributable to ordinary
shareholders
(1,194,569)
(1,700,767)
(2,700,882)
(403,230)
Share-based compensation expenses
98,153
172,539
236,469
35,304
Non-GAAP net loss attributable to
ordinary shareholders of XPeng
Inc.
(1,096,416)
(1,528,228)
(2,464,413)
(367,926)
Weighted average number of
ordinary shares used in
calculating Non-GAAP net loss
per share
Basic and diluted
1,592,387,877
1,702,708,311
1,708,557,461
1,708,557,461
Non-GAAP net loss per ordinary
share
Basic and diluted
(0.69)
(0.90)
(1.44)
(0.22)
Weighted average number of ADS
used in calculating Non-GAAP
net loss per share
Basic and diluted
796,193,938
851,354,156
854,278,731
854,278,731
Non-GAAP net loss per ADS
Basic and diluted
(1.38)
(1.80)
(2.88)
(0.43)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220823005369/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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