Xpeng’s release of Q4 2022 financial report
I. Financial data for Q4 2022
- Total revenue of 5.14 billion RMB, a decrease of 40% YoY and 25% QoQ
- Automotive revenue of 4.66 billion RMB, a decrease of 43% YoY and 25% QoQ
- Total gross profit of 445 million RMB, a decrease of 57% YoY and 52% QoQ
- Overall gross profit margin of 9%, compared to 12% from the same period last year and 14% from the previous quarter
- Gross profit margin per vehicle of 6%, a decrease from last quarter’s 12%
- Sales cost of 4.7 billion RMB, a decrease of 38% YoY and 20% QoQ
- Net loss of 2.36 billion RMB, compared to a net loss of 2.38 billion RMB from the previous quarter
- The company’s cash reserves (cash and cash equivalents, restricted cash, and balances of deposits and short-term investments) amounted to 38.25 billion RMB, compared to 40.12 billion RMB from the previous quarter
- Xpeng’s research and development expenditures for Q4 were 1.23 billion RMB, a decrease of 18% QoQ, accounting for 24% of total revenue for the quarter
- Sales and administrative expenses were 1.76 billion RMB, a decrease of 13% YoY and an increase of 8% QoQ
II. Business expectations for Q1 2023
- Expected delivery of 18,000 to 19,000 vehicles, a growth rate of approximately -48% to -45% compared to Q1 2022
- Expected total revenue between 4 and 4.2 billion RMB, a growth rate of approximately -46% to -44% compared to Q1 2022.
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.