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Xiaopeng Motors' revenue increased by 1.4 times in the first quarter, and it is expected to achieve profitability in Q4 this year
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Xiaopeng Motors' revenue increased by 1.4 times in the first quarter, and it is expected to achieve profitability this year." Hope it will be helpful to you! The original content is as follows:
XM Hong Kong Stocks: Xiaopeng Motors' revenue increased by 1.4 times in the first quarter, and it is expected to achieve profitability in Q4 this year.
XM Hong Kong Stocks: Xiaopeng Motors (09868.HK) once rose by more than 10% during the session after Wednesday's results. The latest performance showed that losses were declining, and the gross profit margin of automobiles has increased for seven consecutive quarters. Management has provided positive forward-looking guidance, and sales are expected to double this year and are expected to achieve profitability in the fourth quarter. After the financial report was released, Xiaopeng Motors' U.S. stock price rose 13% on Wednesday, closing at US$22.25, with the latest total market value reaching US$21.142 billion.
Xiaopeng Motors released its first quarter results for 2025, with total revenue during the period of RMB 15.81 billion, up 141.5% year-on-year, mainly due to the year-on-year surge of delivery volume; gross profit margin reached 15.6%, up 2.7 percentage points year-on-year, setting a record high in a single quarter; automobile gross profit margin reached 10.5%, up 5 percentage points year-on-year, achieving seven consecutive quarterly growth; net loss attributable to eouu.cnmon shareholders was 660 million yuan, down 51.5% year-on-year, down 50.1% month-on-month.
In the first quarter of this year, Xiaopeng delivered a total of 94,008 electric vehicles, an increase of 330.8% year-on-year, successfully surpassing NIO, Ideal and Zero-Play, and becoming the sales champion among the four new car-making forces of "NIO". Sales volume increased month-on-month in the first quarter, but revenue fell slightly month-on-month, mainly due to the decline in the average selling price of bicycles (ASP) and changes in sales structure. Data shows that the average selling price of Xiaopeng’s bicycles in the first quarter was about 153,000 yuan, a month-on-month decrease of 7,000 yuan eouu.cnpared with the previous quarter. The two models of MONAM03 and P7+ have supported sales, contributing 75% of sales in total.
InstitutionAccording to Wind data, since its listing in 2018, Xiaopeng Motors has not been able to make a profit so far, and has accumulated a total loss of nearly 38 billion yuan as of 2024. However, it is now on the road to profitability. Regarding the second quarter revenue and sales expectations, the eouu.cnpany said it expects revenue in the second quarter to be between 17.5 billion yuan and 18.7 billion yuan; delivery volume in the second quarter of this year is expected to be between 102,000 and 108,000 units, an increase of about 237.7% to 257.5% year-on-year. He Xiaopeng said that he is very confident that this year not only will he achieve the growth target of more than doubling sales, but it is expected to turn profitable in the fourth quarter and achieve free cash flow for the whole year.
Xiaopeng's quarterly performance exceeded expectations of some institutions, mainly benefiting from lower operating expenses and expansion of gross profit margin. The clarity of product planning for the second half of the year also allows the market to maintain confidence in the prospects. Xiaopeng Motors has announced its new car plan, and the highly-watched new model Xiaopeng P7 will be released in the third quarter of this year. The institution pointed out that even if Xiaopeng's second-quarter performance guidance is conservative, it reiterated that the rise in sales and gross profit margin in the second half of the year and the fourth-quarter turnover should boost market sentiment.
After the performance delivered a positive answer, the stock price will continue to focus on factors such as new model delivery, monthly sales data exceeding expectations, and breakthroughs in intelligent driving technology. The overall recovery of sentiment in the Hong Kong stock market and the new energy vehicle industry is expected to bring a positive atmosphere. In the medium and long term, the stock price depends on the improvement of technical monetization capabilities and gross profit margins. Xiaopeng's stock price rose sharply yesterday and adjusted today, indicating that the market has partially gained profits since the stock price reached early April, and technically encountered obstacles above HK$85. It is necessary to see whether the daily moving average can help defend HK$78. It will restart the rebound with support from the bottom of the channel, otherwise the adjustment may continue to point to a stronger support around HK$71.
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