小鹏汽车2023年Q3业绩公告

XPENGReportsThirdQuarter2023UnauditedFinancialResults

November15,2023

·Cashandcashequivalents,restrictedcash,short-terminvestmentsandtimedepositswereRMB36.48billion(US$5.00billion)asofSeptember30,2023

QuarterlytotalrevenueswereRMB8.53billion,a68.5%increasequarter-over-quarter

·Quarterlygrossmarginwasnegative2.7%,anincreaseof1.2percentagepointsquarter-over-quarter

GUANGZHOU,China,Nov.15,2023(GLOBENEWSWIRE)--XPengInc.(“XPENG”orthe“Company,”NYSE:XPEVandHKEX:9868),aleadingChinesesmartelectricvehicle(“SmartEV”)company,todayannounceditsunauditedfinancialresultsforthethreemonthsendedSeptember30,2023.

OperationalandFinancialHighlightsfortheThreeMonthsEndedSeptember30,2023

2023Q3

2023Q2

2023Q1

2022Q4

2022Q3

2022Q2

Totaldeliveries

40,008

23,205

18,230

22,204

29,570

34,422

·Totaldeliveriesofvehicleswere40,008forthethirdquarterof2023,representinganincreaseof72.4%from23,205forthesecondquarterof2023.

·XPENG’sphysicalsalesnetworkhadatotalof395storesasofSeptember30,2023.

·XPENGself-operatedchargingstationnetworkreached1,057stations,including854XPENGself-operatedsuperchargingstationsand203destinationchargingstationsasofSeptember30,2023.

·TotalrevenueswereRMB8.53billion(US$1.17billion)forthethirdquarterof2023,representinganincreaseof25.0%fromthesameperiodof2022,andanincreaseof68.5%fromthesecondquarterof2023.

·RevenuesfromvehiclesaleswereRMB7.84billion(US$1.08billion)forthethirdquarterof2023,representinganincreaseof25.7%fromthesameperiodof2022,andanincreaseof77.3%fromthesecondquarterof2023.

·Grossmarginwasnegative2.7%forthethirdquarterof2023,comparedwith13.5%forthesameperiodof2022andnegative3.9%forthesecondquarterof2023.

·Vehiclemargin,whichisgrossprofitorlossofvehiclesalesasapercentageofvehiclesalesrevenue,wasnegative6.1%forthethirdquarterof2023,comparedwith11.6%forthesameperiodof2022andnegative8.6%forthesecondquarterof2023.

·FairvaluelossonderivativeliabilitywasRMB0.97billion(US$0.13billion)forthethirdquarterof2023.Thisnon-cashlossresultedfromthefluctuationinthefairvalueoftheforwardsharepurchaseagreement,measuredthroughprofitorloss,relatedtotheissuanceofsharesbytheCompanyforstrategicminorityinvestmentbytheVolkswagenGroup(“Volkswagen”).

·NetlosswasRMB3.89billion(US$0.53billion)forthethirdquarterof2023,comparedwithRMB2.38billionforthesameperiodof2022andRMB2.80billionforthesecondquarterof2023.Excludingshare-basedcompensationexpensesandfairvaluelossonderivativeliability,non-GAAPnetlosswasRMB2.79billion(US$0.38billion)forthethirdquarterof2023,comparedwithRMB2.22billionforthesameperiodof2022andRMB2.67billionforthesecondquarterof2023.

·NetlossattributabletoordinaryshareholdersofXPENGwasRMB3.89billion(US$0.53billion)forthethirdquarterof2023,comparedwithRMB2.38billionforthesameperiodof2022andRMB2.80billionforthesecondquarterof2023.Excludingshare-basedcompensationexpensesandfairvaluelossonderivativeliability,non-GAAPnetlossattributabletoordinaryshareholdersofXPENGwasRMB2.79billion(US$0.38billion)forthethirdquarterof2023,comparedwithRMB2.22billionforthesameperiodof2022andRMB2.67billionforthesecondquarterof2023.

·BasicanddilutednetlossperAmericandepositaryshare(ADS)werebothRMB4.49(US$0.62)andbasicanddilutednetlossperordinarysharewerebothRMB2.25(US$0.31)forthethirdquarterof2023.EachADSrepresentstwoClassAordinaryshares.

·Non-GAAPbasicanddilutednetlossperADSwerebothRMB3.23(US$0.44)andnon-GAAPbasicanddilutednetlossperordinarysharewerebothRMB1.61(US$0.22)forthethirdquarterof2023.

Cashandcashequivalents,restrictedcash,short-terminvestmentsandtimedepositswereRMB36.48billion(US$5.00billion)asofSeptember30,2023,comparedwithRMB33.74billionasofJune30,2023.Timedepositsincluderestrictedshort-termdeposits,short-termdeposits,restrictedlong-termdeposits,currentportionandnon-currentportionoflong-termdeposits.

KeyFinancialResults

(inRMBbillions,exceptforpercentage)

FortheThreeMonthsEnded%Changei

September30,June30,September30,

202320232022YoYQoQ

Vehiclesales7.844.426.2425.7%77.3%

Vehiclemargin-6.1%-8.6%11.6%-17.7pts2.5pts

Totalrevenues8.535.066.8225.0%68.5%

Gross(loss)profit(0.23)(0.20)0.92-124.7%15.5%

Grossmargin-2.7%-3.9%13.5%-16.2pts1.2pts

Netloss3.892.802.3863.6%38.6%

Non-GAAPnetloss2.792.672.2225.5%4.5%

Netlossattributabletoordinaryshareholders3.892.802.3863.6%38.6%

Non-GAAPnetlossattributabletoordinaryshareholders2.792.672.2225.5%4.5%

Comprehensivelossattributabletoordinaryshareholders4.011.930.69481.1%107.9%

i.Exceptforvehiclemarginandgrossmargin,whereabsolutechangesinsteadofpercentagechangesarepresented

ManagementCommentary

“In2023,XPENGwasthefirstmoverinreachingtheinflectionpointforboththedevelopmentandmassadoptionofADAStechnologies.Ibelievethatoverthenextfiveyears,ADAStechnologieswillexperienceincreasingandmassiveacceptancebyconsumers.AsweleadthenationwiderolloutofXNGP,XPENGwillbecomethego-tosmartEVbrandforcustomers,”saidMr.HeXiaopeng,ChairmanandCEOofXPENG.“Inthethirdquarterof2023,ourbusinesssteppedintotheinitialphaseofavirtuouscycle.Iamconfidentthatthetransformationaladjustmentswebegantoimplementearlythisyearwillyieldmorepositiveresultsin2024andbeyond,acceleratingourvirtuouscycleandrapidgrowthbythefourthquarterof2024.”

“XPENGvehicledeliverieshavegrownfornineconsecutivemonthsandourfreecashflowhassubstantiallyimproved,”saidDr.HongdiBrianGu,HonoraryViceChairmanandCo-PresidentofXPENG.“Ournewproductsandtechnology-drivencostcontrolsareexpectedtoresultinnotableimprovementstoourgrossmargin.Leveragingthesestrengths,weexpectevenstrongerfreecashflowinthefourthquarter,markingthestartingpointofourjourneytowardslong-termscalableprofitability.”

RecentDevelopments

DeliveriesinOctober2023

Totaldeliverieswere20,002vehiclesinOctober2023.

·AsofOctober31,2023,year-to-datetotaldeliverieswere101,445vehicles.

XPENG2023TechDay

OnOctober24,2023,XPENGhosteditsfifthannual1024TechDayinGuangzhou.TheCompanyunveileditscutting-edgetechnologyroadmapforautonomousdrivingandmobilityecosystem,includingitsSmartEVsandrobotics.

ESGPerformance

OnOctober11,2023,XPENGannouncedthatMorganStanleyCapitalInternational(“MSCI”)hasupgradeditsMSCIESGRatingfortheCompanyfrom“AA”to“AAA”,whichisMSCI’shighestratingandisgiventocompaniesthatareleadingtheirindustriesinmanagingESGrisksandopportunities.

LaunchofXPENGG92024Edition

OnSeptember19,2023,XPENGintroducedXPENGG92024Editionandcommenceddeliveriesduringthesamemonth.

UnauditedFinancialResultsfortheThreeMonthsEndedSeptember30,2023

TotalrevenueswereRMB8.53billion(US$1.17billion)forthethirdquarterof2023,representinganincreaseof25.0%fromRMB6.82billionforthesameperiodof2022andanincreaseof68.5%fromRMB5.06billionforthesecondquarterof2023.

RevenuesfromvehiclesaleswereRMB7.84billion(US$1.08billion)forthethirdquarterof2023,representinganincreaseof25.7%fromthesameperiodof2022,andanincreaseof77.3%fromthesecondquarterof2023.Theyear-over-yearandquarter-over-quarterincreasesweremainlyattributabletotheacceleratingsalesgrowthoftheG6inthethirdquarterof2023.

RevenuesfromservicesandotherswereRMB0.69billion(US$0.09billion)forthethirdquarterof2023,representinganincreaseof17.7%fromRMB0.58billionforthesameperiodof2022andanincreaseof7.4%fromRMB0.64billionforthesecondquarterof2023.Theyear-over-yearandquarter-over-quarterincreasesweremainlyattributabletotheincreasesofmaintenance,superchargingandautofinancingservicessales,whichwereinlinewithhigheraccumulatedvehiclesales.

CostofsaleswasRMB8.76billion(US$1.20billion)forthethirdquarterof2023,representinganincreaseof48.4%fromRMB5.90billionforthesameperiodof2022andanincreaseof66.5%fromRMB5.26billionforthesecondquarterof2023.Theyear-over-yearandquarter-over-quarterincreasesweremainlyinlinewithvehicledeliveriesasdescribedabove.Inaddition,theyear-over-yearincreasewasattributabletoinventory

write-downsamountingtoRMB0.23billionrelatedtothemodelG3iasmanagementlowereditsforecastedsalesduetostronger-than-expectedmarketdemandsfornewlylaunchedvehiclemodels.

Grossmarginwasnegative2.7%forthethirdquarterof2023,comparedwith13.5%forthesameperiodof2022andnegative3.9%forthesecondquarterof2023.

Vehiclemarginwasnegative6.1%forthethirdquarterof2023,comparedwith11.6%forthesameperiodof2022andnegative8.6%forthesecondquarterof2023.Theyear-over-yeardecreasewasexplainedby(i)theinventorywrite-downsrelatedtotheG3i,withanegativeimpactof2.9percentagepointsonvehiclemarginforthethirdquarterof2023,and(ii)increasedsalespromotions,andtheexpiryofnewenergyvehiclesubsidies.Thequarter-over-quarterincreasewasprimarilyattributabletotheimprovementinproductmixofmodelsandthecostreduction.

ResearchanddevelopmentexpenseswereRMB1.31billion(US$0.18billion)forthethirdquarterof2023,representingadecreaseof12.9%fromRMB1.50billionforthesameperiodof2022andadecreaseof4.5%fromRMB1.37billionforthesecondquarterof2023.Theyear-over-yearandquarter-over-quarterdecreasesweremainlyinlinewithtimingandprogressofnewvehicleprograms.

Selling,generalandadministrativeexpenseswereRMB1.69billion(US$0.23billion)forthethirdquarterof2023,representinganincreaseof4.0%fromRMB1.63billionforthesameperiodof2022andanincreaseof9.6%fromRMB1.54billionforthesecondquarterof2023.Theyear-over-yearandquarter-over-quarterincreaseswereprimarilyattributabletothehighercommissionpaidtothefranchisedstores.

LossfromoperationswasRMB3.16billion(US$0.43billion)forthethirdquarterof2023,comparedwithRMB2.18billionforthesameperiodof2022andRMB3.09billionforthesecondquarterof2023.

Non-GAAPlossfromoperations,whichexcludesshare-basedcompensationexpenses,wasRMB3.04billion(US$0.42billion)forthethirdquarterof2023,comparedwithRMB2.02billionforthesameperiodof2022andRMB2.96billionforthesecondquarterof2023.

NetlosswasRMB3.89billion(US$0.53billion)forthethirdquarterof2023,comparedwithRMB2.38billionforthesameperiodof2022andRMB2.80billionforthesecondquarterof2023.

FairvaluelossonderivativeliabilitywasRMB0.97billion(US$0.13billion)forthethirdquarterof2023.Thisnon-cashlossresultedfromthefluctuationinthefairvalueoftheforwardsharepurchaseagreement,measuredthroughprofitorloss,relatedtotheissuanceofsharesbytheCompanyforstrategicminorityinvestmentbytheVolkswagenGroup.

Non-GAAPnetloss,whichexcludesshare-basedcompensationexpensesandfairvaluelossonderivativeliability,wasRMB2.79billion(US$0.38billion)forthethirdquarterof2023,comparedwithRMB2.22billionforthesameperiodof2022andRMB2.67billionforthesecondquarterof2023.

NetlossattributabletoordinaryshareholdersofXPENGwasRMB3.89billion(US$0.53billion)forthethirdquarterof2023,comparedwithRMB2.38billionforthesameperiodof2022andRMB2.80billionforthesecondquarterof2023.

Non-GAAPnetlossattributabletoordinaryshareholdersofXPENG,whichexcludesshare-basedcompensationexpensesandfairvaluelossonderivativeliability,wasRMB2.79billion(US$0.38billion)forthethirdquarterof2023,comparedwithRMB2.22billionforthesameperiodof2022andRMB2.67billionforthesecondquarterof2023.

BasicanddilutednetlossperADSwerebothRMB4.49(US$0.62)forthethirdquarterof2023,comparedwithRMB2.77forthethirdquarterof2022andRMB3.25forthesecondquarterof2023.

Non-GAAPbasicanddilutednetlossperADSwerebothRMB3.23(US$0.44)forthethirdquarterof2023,comparedwithRMB2.59forthethirdquarterof2022andRMB3.10forthesecondquarterof2023.

BalanceSheets

AsofSeptember30,2023,theCompanyhadcashandcashequivalents,restrictedcash,short-terminvestmentsandtimedepositsofRMB36.48billion(US$5.00billion),comparedwithRMB38.25billionasofDecember31,2022andRMB33.74billionasofJune30,2023.

BusinessOutlook

Forthefourthquarterof2023,theCompanyexpects:

·Deliveriesofvehiclestobebetween59,500and63,500,representingayear-over-yearincreaseofapproximately168.0%to186.0%.

·TotalrevenuestobebetweenRMB12.7billionandRMB13.6billion,representingayear-over-yearincreaseofapproximately147.1%to164.6%.

TheaboveoutlookisbasedonthecurrentmarketconditionsandreflectstheCompany’spreliminaryestimatesofmarketandoperatingconditions,andcustomerdemand,whichareallsubjecttochange.

ConferenceCall

TheCompany’smanagementwillhostanearningsconferencecallat8:00AMU.S.EasternTimeonNovember15,2023(9:00PMBeijing/HongKongTimeonNovember15,2023).

Forparticipantswhowishtojointhecallbyphone,pleaseaccessthelinkprovidedbelowtocompletethepre-registrationprocessanddialin5minutespriortothescheduledcallstarttime.Uponregistration,eachparticipantwillreceivedial-indetailstojointheconferencecall.

EventTitle:XPENGThirdQuarter2023EarningsConferenceCall

Pre-registrationlink:

/diamondpass/10034271-dqxo0v.html

Additionally,aliveandarchivedwebcastoftheconferencecallwillbeavailableontheCompany’sinvestorrelationswebsiteat

.

AreplayoftheconferencecallwillbeaccessibleapproximatelyanhouraftertheconclusionofthecalluntilNovember22,2023,bydialingthefollowingtelephonenumbers:

UnitedStates:

International:

HongKong,China:

MainlandChina:

ReplayAccessCode:

+1-855-883-1031

+61-7-3107-6325

800-930-639

400-120-9216

10034271

AboutXPENG

XPENGisaleadingChineseSmartEVcompanythatdesigns,develops,manufactures,andmarketsSmartEVsthatappealtothelargeandgrowingbaseoftechnology-savvymiddle-classconsumers.ItsmissionistodriveSmartEVtransformationwithtechnology,shapingthemobilityexperienceofthefuture.Inordertooptimizeitscustomers’mobilityexperience,XPENGdevelopsin-houseitsfull-stackadvanceddriver-assistancesystemtechnologyandin-carintelligentoperatingsystem,aswellascorevehiclesystemsincludingpowertrainandtheelectrical/electronicarchitecture.XPENGisheadquarteredinGuangzhou,China,withmainofficesinBeijing,Shanghai,SiliconValley,SanDiegoandAmsterdam.TheCompany’sSmartEVsaremainlymanufacturedatitsplantsinZhaoqingandGuangzhou,Guangdongprovince.Formoreinformation,pleasevisit

https://heyXPENG.com.

UseofNon-GAAPFinancialMeasures

TheCompanyusesnon-GAAPmeasures,suchasnon-GAAPlossfromoperations,non-GAAPnetloss,non-GAAPnetlossattributabletoordinaryshareholders,non-GAAPbasiclossperweightedaveragenumberofordinarysharesandnon-GAAPbasiclossperADS,inevaluatingitsoperatingresultsandforfinancialandoperationaldecision-makingpurposes.Byexcludingtheimpactofshare-basedcompensationexpensesandfairvaluelossonderivativeliability,theCompanybelievesthatthenon-GAAPfinancialmeasureshelpidentifyunderlyingtrendsinitsbusinessandenhancetheoverallunderstandingoftheCompany’spastperformanceandfutureprospects.TheCompanyalsobelievesthatthenon-GAAPfinancialmeasuresallowforgreatervisibilitywithrespecttokeymetricsusedbytheCompany’smanagementinitsfinancialandoperationaldecision-making.Thenon-GAAPfinancialmeasuresarenotpresentedinaccordancewithU.S.GAAPandmaybedifferentfromnon-GAAPmethodsofaccountingandreportingusedbyothercompanies.Thenon-GAAPfinancialmeasureshavelimitationsasanalyticaltoolsandwhenassessingtheCompany’soperatingperformance,investorsshouldnotconsidertheminisolation,orasasubstitutefornetlossorotherconsolidatedstatementsofcomprehensivelossdatapreparedinaccordancewithU.S.GAAP.TheCompanyencouragesinvestorsandotherstoreviewitsfinancialinformationinitsentiretyandnotrelyonasinglefinancialmeasure.TheCompanymitigatestheselimitationsbyreconcilingthenon-GAAPfinancialmeasurestothemostcomparableU.S.GAAPperformancemeasures,allofwhichshouldbeconsideredwhenevaluatingtheCompany’sperformance.

Formoreinformationonthenon-GAAPfinancialmeasures,pleaseseethetablecaptioned“UnauditedReconciliationsofGAAPandnon-GAAPResults”setforthinthisannouncement.

ExchangeRateInformation

ThisannouncementcontainstranslationsofcertainRMBamountsintoU.S.dollarsataspecifiedratesolelyfortheconvenienceofthereader.Unlessotherwisenoted,alltranslationsfromRMBtoU.S.dollarsandfromU.S.dollarstoRMBaremadeatarateofRMB7.2960toUS$1.00,theexchangerateonSeptember29,2023,setforthintheH.10statisticalreleaseoftheFederalReserveBoard.TheCompanymakesnorepresentationthattheRMBorU.S.dollarsamountsreferredcouldbeconvertedintoU.S.dollarsorRMB,asthecasemaybe,atanyparticularrateoratall.

SafeHarborStatement

Thisannouncementcontainsforward-lookingstatements.Thesestatementsaremadeunderthe“safeharbor”provisionsoftheUnitedStatesPrivateSecuritiesLitigationReformActof1995.Theseforward-lookingstatementscanbeidentifiedbyterminologysuchas“will,”“expects,”“anticipates,”“future,”“intends,”“plans,”“believes,”“estimates”andsimilarstatements.Statementsthatarenothistoricalfacts,includingstatementsaboutXPENG’s

beliefsandexpectations,areforward-lookingstatements.Forward-lookingstatementsinvolveinherentrisksanduncertainties.Anumberoffactorscouldcauseactualresultstodiffermateriallyfromthosecontainedinanyforward-lookingstatement,includingbutnotlimitedtothefollowing:XPENG’sgoalandstrategies;XPENG’sexpansionplans;XPENG’sfuturebusinessdevelopment,financialconditionandresultsofoperations;thetrendsin,andsizeof,China’sEVmarket;XPENG’sexpectationsregardingdemandfor,andmarketacceptanceof,itsproductsandservices;XPENG’sexpectationsregardingitsrelationshipswithcustomers,suppliers,third-partyserviceproviders,strategicpartnersandotherstakeholders;generaleconomicandbusinessconditions;andassumptionsunderlyingorrelatedtoanyoftheforegoing.FurtherinformationregardingtheseandotherrisksisincludedinXPENG’sfilingswiththeUnitedStatesSecuritiesandExchangeCommission.Allinformationprovidedinthisannouncementisasofthedateofthisannouncement,andXPENGdoesnotundertakeanyobligationtoupdateanyforward-lookingstatement,exceptasrequiredunderapplicablelaw.

ForInvestorEnquiries

IRDepartment

XPengInc.

E-mail:

ir@

JennyCai

PiacenteFinancialCommunications

Tel:+1-212-481-2050or+86-10-6508-0677

E-mail:

xpeng@

ForMediaEnquiries

PRDepartment

XPengInc.

E-mail:

pr@

Source:XPengInc.

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETS

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

December31,2022

RMB

September30,

2023

RMB

September30,2023

US$

ASSETS

Currentassets

Cashandcashequivalents

Restrictedcash

Short-termdeposits

Restrictedshort-termdeposits

Short-terminvestments

Long-termdeposits,currentportion

Accountsandnotesreceivable,net

Installmentpaymentreceivables,net,currentportion

Inventory

Amountsduefromrelatedparties

Prepaymentsandothercurrentassets

Totalcurrentassets

Non-currentassets

Long-termdeposits

Restrictedlong-termdeposits

Property,plantandequipment,net

Right-of-useassets,net

Intangibleassets,net

Landuserights,net

Installmentpaymentreceivables,net

Long-terminvestments

Othernon-currentassets

Totalnon-currentassets

Totalassets

14,607,774

106,272

14,921,688

-

1,262,129

427,466

3,872,846

1,294,665

4,521,373

47,124

2,466,084

43,527,421

6,926,450

-

10,606,745

1,954,618

1,042,972

2,747,854

2,188,643

2,295,032

201,271

27,963,585

71,491,006

12,197,669

1,139,599

12,152,077

1,010,000

181,007

4,487,216

3,244,400

1,697,592

5,287,550

27,867

2,232,540

43,657,517

4,563,512

750,000

10,911,466

1,560,903

1,040,171

2,802,005

2,616,312

2,492,948

147,690

26,885,007

70,542,524

1,671,830

156,195

1,665,581

138,432

24,809

615,024

444,682

232,674

724,719

3,819

305,996

5,983,761

625,481

102,796

1,495,541

213,940

142,567

384,047

358,595

341,687

20,243

3,684,897

9,668,658

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETS(CONTINUED)

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

December31,2022

RMB

September30,2023

RMB

September 30,2023

US$

LIABILITIES

Currentliabilities

Short-termborrowings

2,419,210

4,226,815

579,333

Accountsandnotespayable

14,222,856

16,566,450

2,270,621

Amountduetorelatedparties

91,111

52,094

7,140

Operatingleaseliabilities,currentportion

490,811

400,032

54,829

Financeleaseliabilities,currentportion

128,279

74,890

10,265

Deferredrevenue,currentportion

389,243

536,649

73,554

Long-termborrowings,currentportion

761,859

776,793

106,468

Accrualsandotherliabilities

Incometaxespayable

Derivativeliability

Totalcurrentliabilities

Non-currentliabilities

Long-termborrowings

Operatingleaseliabilities

Financeleaseliabilities

Deferredrevenue

Othernon-currentliabilities

Totalnon-currentliabilitiesTotalliabilities

SHAREHOLDERS’EQUITY

ClassAOrdinaryshares

ClassBOrdinaryshares

Additionalpaid-incapital

StatutoryandotherreservesAccumulateddeficit

Accumulatedothercomprehensive

Totalshareholders'equity

Totalliabilitiesandshareholders’

income

equity

5,583,829

27,655

-

24,114,853

4,613,057

1,854,576

797,743

694,006

2,506,106

10,465,488

34,580,341

92 21 60,691,019 6,425(25,330,916)

1,544,024

36,910,665

71,491,006

6,671,159

13,339

972,753

30,290,974

6,421,177

1,554,029

780,584

678,972

2,022,850

11,457,612

41,748,586

92 21 61,074,518 25,127(34,359,076)

2,053,256

28,793,938

70,542,524

914,358

1,828

133,327

4,151,723

880,096

212,997

106,988

93,061

277,255

1,570,397

5,722,120

13 3 8,370,959 3,444(4,709,303)

281,422

3,946,538

9,668,658

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVELOSS

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

ThreeMonthsEnded

Revenues

Vehiclesales

Servicesandothers

Totalrevenues

Costofsales

Vehiclesales

Servicesandothers

Totalcostofsales

Grossprofit(loss)

Operatingexpenses

Researchanddevelopmentexpenses

Selling,generalandadministrativeexpenses

Totaloperatingexpenses

Otherincome,net

Lossfromoperations

Interestincome

Interestexpense

Fairvaluelossonderivativeassetsorderivativeliabilities

Fairvaluegain(loss)onlong-terminvestments

Exchange(loss)gainfromforeigncurrencytransactionsOthernon-operating(loss)income,net

Lossbeforeincometaxexpensesand

shareofresultsofequitymethodinvestees

Incometaxexpenses

Shareofresultsofequitymethodinvestees

Netloss

September30,2022

RMB

6,241,143

582,344

6,823,487

(5,514,695)(385,554)

(5,900,249)

923,238

(1,498,550)(1,626,343)

(3,124,893)

24,824

(2,176,831)

289,954 (38,968) (8,003) 129,240(550,775)(2,600)

(2,357,983)

(21,017)2,852

(2,376,148)

June30,2023

RMB

4,424,537

638,159

5,062,696

(4,804,535)(455,552)

(5,260,087)

(197,391)

(1,367,107)(1,543,625)

(2,910,732)

17,940

(3,090,183)

303,637(67,007)

-

(38,704)42,6634,286

(2,845,308)

(8,217)48,873

(2,804,652)

September30,2023

RMB

7,844,239

685,282

8,529,521

(8,319,890)(437,589)

(8,757,479)

(227,958)

(1,305,868)(1,692,194)

(2,998,062)

65,192

(3,160,828)

314,004 (65,767)(971,832) (8,782) 5,9724,282

(3,882,951)

(682)(2,917)

(3,886,550)

September30,2023

US$