Xpeng Publishes Q2 2022 Financial Report
I. Financial Data of Q2 2022
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Total revenue of RMB 7.436 billion, a YoY increase of 98% and a MoM decrease of 0.2%;
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Automotive revenue of RMB 6.939 billion, a YoY increase of 94% and a MoM decrease of 1%;
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Total gross profit of RMB 809 million, a YoY increase of 80% and a MoM decrease of 11%;
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Overall gross profit margin is 11%, compared to 12% in the same period last year and 12% in the previous quarter;
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Gross profit margin per vehicle is 9%, down from 10% in the previous quarter;
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Sales costs of RMB 6.627 billion, a YoY increase of 100% and a MoM increase of 1%;
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Net loss of RMB 2.701 billion, compared to a net loss of RMB 1.701 billion in the previous quarter;
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The company’s cash reserves (cash and cash equivalents, restricted cash, and balances of time deposits and short-term investments) were RMB 41.339 billion, compared to RMB 41.714 billion in the previous quarter;
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Xpeng’s Q2 R&D expenses were RMB 1.265 billion, up 4% from the previous quarter, accounting for 17% of quarterly total revenue;
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Sales and administrative expenses of RMB 1.665 billion, a YoY increase of 61% and a MoM increase of 1%.
II. Business Expectations for Q3 2022
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Expected delivery of 29,000 to 31,000 vehicles, a growth of about 13% to 21% compared to Q3 2021;
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Expected total revenue to be between RMB 6.8 billion and RMB 7.2 billion, an increase of about 19% to 26% compared to Q3 2021.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.