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    XPEV   US98422D1054

XPENG INC.

(XPEV)
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Delayed Nyse  -  04:00:43 2023-01-27 pm EST
10.69 USD   +4.39%
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XPeng Expects Fourth-Quarter Vehicle Deliveries to Halve; Posts Wider Quarterly Loss

11/30/2022 | 05:50am EST

By Clarence Leong


XPeng Inc. said Wednesday that it expects its fourth-quarter vehicle deliveries to decline as much as 52% as the Chinese electric-car maker reported a wider loss for the third quarter.

XPeng posted net loss of 2.38 billion yuan ($332.4 million) for the three months ended Sept. 30, compared with a CNY1.59 billion loss a year earlier. The result is partly due to higher research and development expenses, which rose 19% to CNY1.50 billion, mainly resulting from increased employee compensation, it said.

Revenue for the period rose 19% to CNY6.82 billion, with vehicle sales increasing 14% to CNY6.24 billion, it said.

Gross margin fell 0.9 percentage point to 13.5%, with vehicle margin down 2.0 percentage points to 11.6%, XPeng said.

For the fourth quarter, the company said it expects to deliver 20,000 to 21,000 vehicles, representing a decline of 50%-52% from a year earlier. Fourth-quarter revenue is expected to fall 40%-44% to between CNY4.8 billion and CNY5.1 billion, it said.

It said the outlook is based on "current market conditions" and reflects its estimates of "market and operating conditions, and customer demand."


Write to Clarence Leong at clarence.leong@wsj.com


(END) Dow Jones Newswires

11-30-22 0549ET

Stocks mentioned in the article
ChangeLast1st jan.
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.29% 6.7544 Delayed Quote.-2.40%
XPENG INC. 4.39% 10.69 Delayed Quote.7.55%
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Analyst Recommendations on XPENG INC.
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Financials
Sales 2022 27 120 M 3 998 M 3 998 M
Net income 2022 -8 392 M -1 237 M -1 237 M
Net cash 2022 27 447 M 4 046 M 4 046 M
P/E ratio 2022 -8,35x
Yield 2022 -
Capitalization 62 128 M 9 159 M 9 159 M
EV / Sales 2022 1,28x
EV / Sales 2023 0,86x
Nbr of Employees 13 978
Free-Float 73,6%
Chart XPENG INC.
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XPeng Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends XPENG INC.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 72,51 CNY
Average target price 97,03 CNY
Spread / Average Target 33,8%
EPS Revisions
Managers and Directors
Xiao Peng He Chairman & Chief Executive Officer
Heng Xia Co-President
Hong Di Gu Vice Chairman & Co-President
Ji Han Xu Vice President-Automotive Research & Development
Dong Hao Yang Independent Non-Executive Director
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