XPeng’s Release of Q3 2022 Financial Report
1. Financial Data for Q3 2022
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Total revenue: CNY 6.82 billion, representing an increase of 19% year-over-year and a decrease of 8% quarter-over-quarter.
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Automotive revenue: CNY 6.24 billion, representing an increase of 14% year-over-year and a decrease of 10% quarter-over-quarter.
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Total gross profit: CNY 923 million, representing an increase of 12% year-over-year and an increase of 14% quarter-over-quarter.
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Overall gross margin: 14%, the same as in the same period last year, and an increase from 11% in the previous quarter.
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Gross margin per vehicle: 12%, up from 9% in the previous quarter.
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Sales cost: CNY 5.9 billion, representing an increase of 20% year-over-year and a decrease of 11% quarter-over-quarter.
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Net loss: CNY 2.38 billion, compared to a net loss of CNY 2.701 billion in the previous quarter.
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The company’s cash reserves (including cash and cash equivalents, restricted cash, and balances of short-term deposits and investments) were CNY 40.12 billion, compared to CNY 41.339 billion in the previous quarter.
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XPeng’s R&D costs for Q3 reached CNY 1.5 billion, up 19% quarter-over-quarter and accounting for 22% of total revenue for the quarter.
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Sales and management costs were CNY 1.63 billion, representing an increase of 6% year-over-year and a decrease of 2% quarter-over-quarter.
2. Business Expectations for Q4 2022
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XPeng expects to deliver between 20,000 and 21,000 vehicles in Q4, representing a year-over-year decrease of 52% to 50% compared to Q4 2021.
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The company expects total revenue to be between CNY 4.8 billion and CNY 5.1 billion, representing a decrease of approximately 44% to 40% compared to Q4 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.