Market Insight | XPeng Motors Soars Over 9% After Q1 Earnings, Revenue Exceeds Expectations with Gross Margin Sharply Increasing to 12.9%
XPeng Motors opened more than 9% higher after the performance report, with a 9.62% increase to HKD 33.6 per share and a turnover of HKD 272.563 million as of the time of writing. In terms of news, XPeng Motors achieved revenue of RMB 6.55 billion in the first quarter, up 62.3% year-on-year but down 49.8% quarter-on-quarter, surpassing market estimates of RMB 6.11 billion and the RMB 4.03 billion in the same period last year. The net loss was RMB 1.37 billion, significantly narrowing by 41.5% compared to the RMB 2.34 billion loss in the same period last year, with a gross profit margin significantly increasing to 12.9%, up by 11.2 percentage points year-on-year and 6.7 percentage points quarter-on-quarter. The total delivery volume in the first quarter was 21,821 vehicles, a 19.7% year-on-year increase. XPeng Motors expects revenue of RMB 7.5 billion to 8.3 billion in the second quarter and a delivery volume of 29,000 to 32,000 vehicles
According to the information from the Wise Finance APP, XPeng Motors-W (09868) opened more than 9% higher after the performance report, rising 9.62% as of the time of publication to HKD 33.6, with a turnover of HKD 272.563 million.
On the news front, XPeng Motors achieved revenue of RMB 6.55 billion in the first quarter, up 62.3% year-on-year but down 49.8% quarter-on-quarter, surpassing market estimates of RMB 6.11 billion and the RMB 4.03 billion in the same period last year. The net loss was RMB 1.37 billion, significantly narrowing by 41.5% compared to the RMB 2.34 billion loss in the same period last year, with the gross profit margin significantly increasing to 12.9%, up by 11.2 percentage points year-on-year and 6.7 percentage points quarter-on-quarter. The total delivery volume in the first quarter was 21,821 vehicles, an increase of 19.7% year-on-year. XPeng Motors expects revenue in the second quarter to be between RMB 7.5 billion and RMB 8.3 billion, with an estimated delivery volume of 29,000 to 32,000 vehicles in the second quarter