Home Business Xiaopeng Automobile’s third-quarter revenue increased by 187.4%, net loss of 1.595 billion yuan narrowed year-on-year

Xiaopeng Automobile’s third-quarter revenue increased by 187.4%, net loss of 1.595 billion yuan narrowed year-on-year

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November 23,Xiaopeng MotorsDisclosure of the report for the third quarter of 2021, achieving revenue of 5.72 billion yuan, an increase of 187.4% over the same period in 2020; ordinaryshareholderThe attributable net loss was RMB 1.595 billion, compared with RMB 2.026 billion in the same period in 2020. The loss narrowed by 21.3% year-on-year, compared with RMB 1.195 billion in the second quarter of 2021.

In terms of income,Xiaopeng MotorsTotal revenue for the third quarter of 2021 was RMB 5.72 billion, an increase of 187.4% from the same period in 2020, and an increase of 52.1% from the second quarter of 2021. Among them, automobile sales revenue was RMB 5.46 billion, an increase of 187.7% from the same period in 2020, and an increase of 52.3% from the second quarter of 2021.

In terms of delivery, Xiaopeng delivered 25,666 vehicles in the third quarter of 2021, a quarterly high and an increase of 199.2% from 8,578 vehicles in the same period in 2020, and an increase of 47.5% from 17,398 vehicles in the second quarter of 2021. P7 deliveries in the third quarter of 2021 were 19,731 units, a quarterly high and an increase of 71.2% from 11,522 units in the second quarter of 2021.

hairinterest rateIn the third quarter of 2021, the grossinterest rateThis is 14.4%, compared to 4.6% in the same period in 2020 and 11.9% in the second quarter of 2021. The gross profit margin of automobiles was 13.6%, compared to 3.2% in the same period in 2020 and 11.0% in the second quarter of 2021.

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In terms of profitability,Xiaopeng MotorsThe net loss in the third quarter was RMB 1.595 billion, compared with RMB 1.149 billion in the same period in 2020, and RMB 1.195 billion in the second quarter of 2021. Except for share-based compensation expenses and changes in the fair value of derivative liabilities related to preferred stock redemption rights, the non-GAAP net loss for the third quarter of 2021 was RMB 1.492 billion, compared to the same period in 2020. RMB 865 million, compared with RMB 1.096 billion in the second quarter of 2021.

The net loss attributable to ordinary shareholders was RMB 1.595 billion, compared with RMB 2.026 billion in the same period in 2020 and RMB 1.195 billion in the second quarter of 2021. Except for share-based compensation expenses, changes in the fair value of derivative liabilities related to preferred stock redemption rights, and an increase in preferred stock redemption value, the third quarter of 2021 non-GAAP net loss attributable to ordinary shareholders of Xiaopeng Motors It is RMB 1.492 billion, compared with RMB 865 million in the same period in 2020, and RMB 1.096 billion in the second quarter of 2021.

As of September 30, 2021, XPENG Motors cash and cash equivalents, restricted cash, short-term deposits, short-term investments and long-term deposits were RMB 45.358 billion, compared to RMB 35.342 billion as of December 31, 2020 RMB 32.871 billion as of June 30, 2021.

Xiaopeng Automobile's third-quarter revenue increased by 187.4%, and its net loss of 1.595 billion yuan narrowed year-on-year

He Xiaopeng, Chairman and CEO of Xiaopeng Motors, said: In the third quarter, our growth set another record, and it was the highest delivery volume among the new forces in China’s car manufacturing industry. This outstanding performance proves that the market recognizes the differentiated value brought by our full-stack independent research and development of software and hardware.

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For the fourth quarter of 2021, Xiaopeng Motors expects that vehicle deliveries will range from 34,500 to 36,500 vehicles, an increase of approximately 166.1% to 181.5% year-on-year. Total revenue will range from RMB 7.1 billion to RMB 7.5 billion, an increase of approximately 149.0% to 163.0% year-on-year.

(Source: CDC Finance)

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