Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. According to CTOnews.com news on August 18, Xiaopeng today released unaudited financial results for the second quarter of 2023 as of June 30: revenue was 5.06 billion yuan, down 31.9 percent from a year earlier and up 25.5 percent from a month earlier. The main financial performance statement attached by CTOnews.com is as follows:

Xiaopeng delivered 23205 vehicles in the second quarter of 2023, up 27.3% from 18230 in the first quarter of 2023.

As of June 30, 2023, Xiaopeng's physical sales network has a total of 411 stores, and Xiaopeng's self-charging station network has 1024 charging stations, including 824 self-operated supercharging stations and 200 destination charging stations.

Xiaopeng's auto sales revenue in the second quarter of 2023 was 4.42 billion yuan ($610 million), down 36.2 percent from the same period in 2022 and up 25.9 percent from the first quarter of 2023.

The gross profit margin was minus 3.9% in the second quarter of 2023, compared with 10.9% in the same period in 2022 and 1.7% in the first quarter of 2023. Vehicle gross profit margin (that is, gross profit or loss as a percentage of car sales revenue) was negative 8.6% in the second quarter of 2023, compared with 9.1% in the same period in 2022 and minus 2.5% in the first quarter of 2023.

The net loss in the second quarter of 2023 was 2.8 billion yuan ($390 million), compared with 2.7 billion yuan in the same period in 2022 and 2.34 billion yuan in the first quarter of 2023. Excluding share-based compensation expenses, the non-GAAP net loss for the second quarter of 2023 was 2.67 billion yuan ($370 million), compared with 2.46 billion yuan for the same period in 2022 and 2.21 billion yuan for the first quarter of 2023.

The net loss attributable to Xiaopeng common shareholders in the second quarter of 2023 was 2.8 billion yuan ($390 million), compared with 2.7 billion yuan in the same period in 2022 and 2.34 billion yuan in the first quarter of 2023. Excluding share-based compensation expenses, the net loss attributable to non-GAAP common shareholders of Xiaopeng Motor was 2.67 billion yuan ($370 million) in the second quarter of 2023, compared with 2.46 billion yuan in the same period in 2022 and 2.21 billion yuan in the first quarter of 2023.

Xiaopeng's total delivery volume was 11008 in July 2023. As of July 31, 2023, the total delivery volume for the year was 52443 vehicles.

For the third quarter of 2023, Xiaopeng officially expects delivery of between 39000 and 41000 vehicles, an increase of about 31.9% to 38.7% year-on-year. Total revenue will range from 8.5 billion yuan to 9 billion yuan, an increase of about 24.6% to 31.9% over the same period last year.

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