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XPEV
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XPENG Reports Second Quarter 2025 Unaudited Financial Results

1. XPEV's Q2 revenue soared 125.3%, reaching RMB18.27 billion. 2. Vehicle deliveries increased 241.6% year-over-year to 103,181 units. 3. Gross margin improved to 17.3%, a 3.3 percentage point rise. 4. Net loss reduced to RMB0.48 billion, substantially down from previous year. 5. Upcoming deliveries expected between 113,000 and 118,000 units next quarter.

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FAQ

Why Very Bullish?

The significant revenue and delivery growth indicates strong market demand. Historical patterns show that such performance boosts stock prices in companies like NIO and Li Auto when they reported similar growth figures.

How important is it?

The strong financial results and positive outlook directly influence investor sentiment, likely increasing demand for XPEV shares. The company's delivery numbers, margins, and financial health create a compelling investment narrative.

Why Long Term?

Continued delivery growth and improving margins suggest sustained operational excellence. Companies in the EV sector that manage to maintain this growth often see long-term stock appreciation, as seen with several U.S. EV manufacturers.

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Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB47.57 billion (US$6.64 billion) as of June 30, 2025Quarterly total revenues were RMB18.27 billion, a 125.3% increase year-over-yearQuarterly gross margin was 17.3%, an increase of 3.3 percentage points over the same period of 2024Quarterly vehicle margin was 14.3%, an increase of 7.9 percentage points over the same period of 2024 GUANGZHOU, China, Aug. 19, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its unaudited financial results for the three months ended June 30, 2025. Operational and Financial Highlights for the Three Months Ended June 30, 2025  2025Q22025Q12024Q42024Q32024Q22024Q1       Total deliveries103,18194,00891,50746,53330,20721,821        Total deliveries of vehicles were 103,181 for the second quarter of 2025, representing an increase of 241.6% from 30,207 in the corresponding period of 2024. XPENG’s physical sales network had a total of 677 stores, covering 224 cities as of June 30, 2025. XPENG self-operated charging station network reached 2,348 stations, including 1,304 XPENG S4 and S5 ultra-fast charging stations as of June 30, 2025. Total revenues were RMB18.27 billion (US$2.55 billion) for the second quarter of 2025, representing an increase of 125.3% from the same period of 2024, and an increase of 15.6% from the first quarter of 2025. Revenues from vehicle sales were RMB16.88 billion (US$2.36 billion) for the second quarter of 2025, representing an increase of 147.6% from the same period of 2024, and an increase of 17.5% from the first quarter of 2025. Gross margin was 17.3% for the second quarter of 2025, compared with 14.0% for the same period of 2024 and 15.6% for the first quarter of 2025. Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was 14.3% for the second quarter of 2025, compared with 6.4% for the same period of 2024 and 10.5% for the first quarter of 2025. Net loss was RMB0.48 billion (US$0.07 billion) for the second quarter of 2025, compared with RMB1.28 billion for the same period of 2024 and RMB0.66 billion for the first quarter of 2025. Excluding share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, non-GAAP net loss was RMB0.39 billion (US$0.05 billion) for the second quarter of 2025, compared with RMB1.22 billion for the same period of 2024 and RMB0.43 billion for the first quarter of 2025. Net loss attributable to ordinary shareholders of XPENG was RMB0.48 billion (US$0.07 billion) for the second quarter of 2025, compared with RMB1.28 billion for the same period of 2024 and RMB0.66 billion for the first quarter of 2025. Excluding share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, non-GAAP net loss attributable to ordinary shareholders of XPENG was RMB0.39 billion (US$0.05 billion) for the second quarter of 2025, compared with RMB1.22 billion for the same period of 2024 and RMB0.43 billion for the first quarter of 2025. Basic and diluted net loss per American depositary share (ADS) were both RMB0.50 (US$0.07) and basic and diluted net loss per ordinary share were both RMB0.25 (US$0.04) for the second quarter of 2025. Each ADS represents two Class A ordinary shares. Non-GAAP basic and diluted net loss per ADS were both RMB0.41 (US$0.06) and non-GAAP basic and diluted net loss per ordinary share were both RMB0.20 (US$0.03) for the second quarter of 2025. Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB47.57 billion (US$6.64 billion) as of June 30, 2025, compared with RMB45.28 billion as of March 31, 2025. Time deposits include restricted short-term deposits, short-term deposits, current portion and non-current portion of restricted long-term deposits, current portion and non-current portion of long-term deposits. Key Financial Results(in RMB billions, except for percentage)  For the Three Months Ended% Changei June 30,March 31,June 30,  202520252024YoYQoQ      Vehicle sales16.8814.376.82147.6%17.5%Vehicle margin14.3%10.5%6.4%7.9pts3.8ptsTotal revenues18.2715.818.11125.3%15.6%Gross profit3.172.461.14178.9%28.8%Gross margin17.3%15.6%14.0%3.3pts1.7ptsNet loss0.480.661.28-62.8%-28.1%Non-GAAP net loss0.390.431.22-68.4%-9.5%Net loss attributable to ordinary shareholders0.480.661.28-62.8%-28.1%Non-GAAP net loss attributable to ordinary shareholders0.390.431.22-68.4%-9.5%Comprehensive loss attributable to ordinary shareholders0.490.691.20-58.7%-28.4% ____________ i Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented Management Commentary “In the second quarter of 2025, XPENG achieved record-high performance across key operational and financial metrics, including vehicle deliveries, revenue, gross margin, and cash position.” said Mr. Xiaopeng He, Chairman and CEO of XPENG. “By 2025, we have completed upgrades to the next generation technology platforms for smart and electrification technologies, further strengthening our technology leadership over our peers. This will enable our strong product cycle to generate stronger momentum and accelerate sales growth.” “In the face of intense industry-wide price competition, we remain committed to a long-term, sustainable growth strategy, with rapidly improving operational quality. Our vehicle margin has improved for eight consecutive quarters. In the second quarter, the vehicle margin increased by 3.8 percentage points quarter-on-quarter to 14.3%, while the company’s overall gross margin rose to 17.3%, reaching a new historical high.” added Dr. Hongdi Brian Gu, Vice Chairman and Co-President of XPENG. “We are confident that we will not only accelerate scale growth but also continue to improve the company’s profitability, enabling us to sustain industry-leading R&D and continuously push the boundaries of technology innovation.” Recent Developments Deliveries in July 2025 Total deliveries were 36,717 vehicles in July 2025. As of July 31, 2025, year-to-date total deliveries were 233,906 vehicles. Launch of G7 On July 3, 2025, XPENG officially launched the G7, a smart electric family SUV and started deliveries in the same month. Entry into Agreement on Expanding E/E Architecture Technical Collaboration with the Volkswagen Group On August 15, 2025, XPENG and the Volkswagen Group announced entry into an agreement on expanding technical collaboration with respect to Electrical/Electronic architecture (“E/E Architecture”). For details, please refer to the announcement of the Company dated August 15, 2025. Unaudited Financial Results for the Three Months Ended June 30, 2025 Total revenues were RMB18.27 billion (US$2.55 billion) for the second quarter of 2025, representing an increase of 125.3% from RMB8.11 billion for the same period of 2024 and an increase of 15.6% from RMB15.81 billion for the first quarter of 2025. Revenues from vehicle sales were RMB16.88 billion (US$2.36 billion) for the second quarter of 2025, representing an increase of 147.6% from RMB6.82 billion for the same period of 2024, and an increase of 17.5% from RMB14.37 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly attributable to higher deliveries. Revenues from services and others were RMB1.39 billion (US$0.19 billion) for the second quarter of 2025, representing an increase of 7.6% from RMB1.29 billion for the same period of 2024 and a decrease of 3.5% from RMB1.44 billion for the first quarter of 2025. The year-over-year increase was mainly attributable to the increased revenue from parts and accessories sales in line with higher accumulated vehicle sales. The quarter-over-quarter decrease was primarily attributable to fluctuations in revenues from technical research and development services (“technical R&D services”). Cost of sales was RMB15.11 billion (US$2.11 billion) for the second quarter of 2025, representing an increase of 116.6% from RMB6.98 billion for the same period of 2024 and an increase of 13.2% from RMB13.35 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly in line with vehicle deliveries as described above. Gross margin was 17.3% for the second quarter of 2025, compared with 14.0% for the same period of 2024 and 15.6% for the first quarter of 2025. Vehicle margin was 14.3% for the second quarter of 2025, compared with 6.4% for the same period of 2024 and 10.5% for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily attributable to the ongoing cost reduction and improvement in product mix of models. Services and others margin was 53.6% for the second quarter of 2025, compared with 54.3% for the same period of 2024 and 66.4% for the first quarter of 2025. The quarter-over-quarter decrease was due to the aforementioned fluctuations related to technical R&D services. Research and development expenses were RMB2.21 billion (US$0.31 billion) for the second quarter of 2025, representing an increase of 50.4% from RMB1.47 billion for the same period of 2024 and an increase of 11.4% from RMB1.98 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly due to higher expenses related to the development of new vehicle models and technologies as the Company expanded its product portfolio to support future growth. Selling, general and administrative expenses were RMB2.17 billion (US$0.30 billion) for the second quarter of 2025, representing an increase of 37.7% from RMB1.57 billion for the same period of 2024 and an increase of 11.4% from RMB1.95 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily attributable to the higher commission to the franchised stores driven by higher sales volume. Moreover, the quarter-over-quarter increase was also due to the higher marketing and advertising expenses. Other income, net was RMB0.24 billion (US$0.03 billion) for the second quarter of 2025, representing a decrease of 14.9% from RMB0.28 billion for the same period of 2024 and a decrease of 56.4% from RMB0.54 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter decreases were primarily due to the decrease in receipt of government subsidies. Fair value gain (loss) on derivative liability relating to the contingent consideration was gain of RMB0.03 billion (US$0.005 billion) for the second quarter of 2025, compared with gain of RMB0.02 billion for the same period of 2024 and loss of RMB0.12 billion for the first quarter of 2025. This non-cash gain (loss) resulted from the fair value change of the contingent consideration related to the acquisition of DiDi Global Inc. (“DiDi”)’s smart auto business. Loss from operations was RMB0.93 billion (US$0.13 billion) for the second quarter of 2025, compared with RMB1.61 billion for the same period of 2024 and RMB1.04 billion for the first quarter of 2025. Non-GAAP loss from operations, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.84 billion (US$0.12 billion) for the second quarter of 2025, compared with RMB1.54 billion for the same period of 2024 and RMB0.80 billion for the first quarter of 2025. Net loss was RMB0.48 billion (US$0.07 billion) for the second quarter of 2025, compared with RMB1.28 billion for the same period of 2024 and RMB0.66 billion for the first quarter of 2025. Non-GAAP net loss, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.39 billion (US$0.05 billion) for the second quarter of 2025, compared with RMB1.22 billion for the same period of 2024 and RMB0.43 billion for the first quarter of 2025. Net loss attributable to ordinary shareholders of XPENG was RMB0.48 billion (US$0.07 billion) for the second quarter of 2025, compared with RMB1.28 billion for the same period of 2024 and RMB0.66 billion for the first quarter of 2025. Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.39 billion (US$0.05 billion) for the second quarter of 2025, compared with RMB1.22 billion for the same period of 2024 and RMB0.43 billion for the first quarter of 2025. Basic and diluted net loss per ADS were both RMB0.50 (US$0.07) for the second quarter of 2025, compared with RMB1.36 for the second quarter of 2024 and RMB0.70 for the first quarter of 2025. Non-GAAP basic and diluted net loss per ADS were both RMB0.41 (US$0.06) for the second quarter of 2025, compared with RMB1.29 for the second quarter of 2024 and RMB0.45 for the first quarter of 2025. Balance Sheets As of June 30, 2025, the Company had cash and cash equivalents, restricted cash, short-term investments and time deposits of RMB47.57 billion (US$6.64 billion), compared with RMB41.96 billion as of December 31, 2024 and RMB45.28 billion as of March 31, 2025. Business Outlook For the third quarter of 2025, the Company expects: Deliveries of vehicles to be between 113,000 and 118,000, representing a year-over-year increase of approximately 142.8% to 153.6%. Total revenues to be between RMB19.6 billion and RMB21.0 billion, representing a year-over-year increase of approximately 94.0% to 107.9%. The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates of market and operating conditions, and customer demand, which are all subject to change. Conference Call The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 19, 2025 (8:00 PM Beijing/Hong Kong Time on August 19, 2025). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call. Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.xiaopeng.com. A replay of the conference call will be accessible approximately an hour after the conclusion of the call until August 26, 2025, by dialing the following telephone numbers: United States:+1-855-883-1031International:+61-7-3107-6325Hong Kong, China:800-930-639Mainland China:400-120-9216Replay Access Code:10049063   About XPENG XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/. Use of Non-GAAP Financial Measures The Company uses non-GAAP measures, such as non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic loss per weighted average number of ordinary shares and non-GAAP basic loss per ADS, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance. For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and non-GAAP Results” set forth in this announcement. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.1636 to US$1.00, the exchange rate on June 30, 2025, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goal and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For Investor EnquiriesIR DepartmentXPeng Inc.E-mail: ir@xiaopeng.com Jenny CaiPiacente Financial CommunicationsTel: +1-212-481-2050 or +86-10-6508-0677E-mail: xpeng@tpg-ir.com For Media Enquiries PR DepartmentXPeng Inc.E-mail: pr@xiaopeng.com Source: XPeng Inc. XPENG INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)  December 31,2024RMB March 31,2025RMB June 30,2025RMB June 30,2025US$ASSETSCurrent assetsCash and cash equivalents18,586,274 17,758,846 18,809,493 2,625,704Restricted cash3,153,390 4,384,322  4,531,074   632,514 Short-term deposits12,931,757 13,414,023  13,405,550   1,871,343 Restricted short-term deposits110,699 247,119  324,144   45,249 Short-term investments751,290 1,333,692  1,655,299   231,071 Long-term deposits, current portion452,326 1,122,725  1,079,259   150,659 Restricted long-term deposits, current portion—  —   591,322   82,545 Accounts and notes receivable, net2,449,629 2,169,732  1,764,392   246,300 Installment payment receivables, net, current portion2,558,756 2,403,322  2,671,329   372,903 Inventory5,562,922 5,968,952  6,602,952   921,737 Amounts due from related parties43,714 46,110  53,516   7,471 Prepayments and other current assets3,135,312 3,162,637  3,282,626   458,232         Total current assets49,736,069 52,011,480  54,770,956   7,645,728         Non-current assets       Long-term deposits4,489,036 5,239,108  6,055,377   845,298 Restricted long-term deposits1,487,688 1,780,099  1,118,577   156,147 Property, plant and equipment, net11,521,863 11,386,033  11,887,778   1,659,470 Right-of-use assets, net1,261,663 3,959,117  3,863,234   539,287 Intangible assets, net4,610,469 4,473,265  4,333,824   604,979 Land use rights, net2,744,424 3,248,877  3,254,589   454,323 Installment payment receivables, net4,448,416 4,274,761  4,583,734   639,865 Long-term investments1,963,194 2,077,850  2,144,004   299,291 Other non-current assets443,283 438,364  414,886   57,916 Total non-current assets32,970,036 36,877,474  37,656,003   5,256,576 Total assets82,706,105 88,888,954 92,426,959 12,902,304 XPENG INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)  December 31,2024RMB  March 31,2025RMB  June 30,2025RMB  June 30,2025US$ LIABILITIESCurrent liabilitiesShort-term borrowings4,609,123  3,599,123  3,199,123  446,580 Accounts payable15,181,585  16,039,347   16,958,863    2,367,366  Notes payable7,898,896  10,943,996   13,727,997    1,916,354  Amounts due to related parties9,364  6,374   984    137  Operating lease liabilities, current portion324,496  359,639   466,496    65,120  Finance lease liabilities, current portion41,940  12,323   12,096    1,689  Deferred revenue, current portion1,275,716  1,172,087   1,491,637    208,224  Long-term borrowings, current portion1,858,613  2,531,582   2,262,827    315,878  Accruals and other liabilities8,650,636  8,249,108   9,838,487    1,373,400  Income taxes payable14,514  13,555   5,237    731              Total current liabilities39,864,883  42,927,134  47,963,747  6,695,479             Non-current liabilities           Long-term borrowings5,664,518  5,844,002   5,794,528    808,885  Operating lease liabilities1,345,852  4,594,734   4,413,697    616,128  Finance lease liabilities777,697  759,660  796,947   111,250  Deferred revenue822,719  876,804   1,051,654    146,805  Derivative liability167,940  285,387   251,085    35,050  Deferred tax liabilities341,932  341,932   330,353    46,116  Other non-current liabilities2,445,776  2,554,240   1,487,581    207,658              Total non-current liabilities11,566,434  15,256,759   14,125,845    1,971,892              Total liabilities51,431,317  58,183,893  62,089,592  8,667,371             SHAREHOLDERS' EQUITY           Class A Ordinary shares104  105  105  15 Class B Ordinary shares21  21  21  3 Additional paid-in capital70,671,685  70,791,713   70,918,187    9,899,797  Statutory and other reserves95,019  106,220   111,841    15,612  Accumulated deficit(41,585,549) (42,260,796) (42,744,171) (5,966,856)Accumulated other comprehensive income2,093,508  2,067,798  2,051,384  286,362             Total shareholders' equity31,274,788  30,705,061   30,337,367    4,234,933              Total liabilities and shareholders’ equity82,706,105  88,888,954   92,426,959    12,902,304   XPENG INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)  Three Months Ended  June 30,  March 31,  June 30,   June 30,   2024  2025  2025  2025  RMB  RMB  RMB  US$         Revenues       Vehicle sales6,818,867  14,369,298   16,883,696    2,356,873  Services and others1,292,540  1,441,330   1,390,709    194,135  Total revenues8,111,407  15,810,628   18,274,405    2,551,008  Cost of sales       Vehicle sales(6,384,289) (12,866,303)  (14,461,688)  (2,018,774)Services and others(591,328) (484,795)  (645,387)  (90,093)Total cost of sales(6,975,617) (13,351,098)  (15,107,075)  (2,108,867)Gross profit1,135,790  2,459,530  3,167,330  442,141 Operating expenses       Research and development expenses(1,466,752) (1,980,724)  (2,206,144)  (307,966)Selling, general and administrative expenses(1,573,601) (1,946,064)  (2,167,241)  (302,535)Other income, net278,843  544,040   237,402    33,140  Fair value gain (loss) on derivative liability relating to the            contingent consideration16,662  (118,229)  34,004    4,747  Total operating expenses, net(2,744,848) (3,500,977)  (4,101,979)  (572,614)Loss from operations(1,609,058) (1,041,447)  (934,649)  (130,473)Interest income356,682  291,227   308,224    43,026  Interest expense(81,399) (128,935)  (75,161)  (10,492)Investment (loss) gain on long-term investments(35,836) 79,653   24,401    3,406  Exchange gain from foreign currency transactions20,801  130,448   142,684    19,918  Other non-operating income, net3,525  20,275   3,454    482  Loss before income tax benefit (expenses) and share           of results of equity method investees(1,345,285) (648,779)  (531,047)  (74,133)Income tax benefit (expenses)33,773  (7,991)  9,421    1,315  Share of results of equity method investees26,831  (7,276)  43,872    6,124  Net loss(1,284,681) (664,046) (477,754) (66,694)Net loss attributable to ordinary shareholders of XPeng Inc.(1,284,681) (664,046) (477,754) (66,694) XPENG INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONTINUED)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)  Three Months Ended June 30,  March 31,  June 30,   June 30,   2024  2025  2025  2025  RMB  RMB  RMB  US$         Net loss(1,284,681) (664,046) (477,754) (66,694)Other comprehensive income (loss)       Foreign currency translation adjustment, net of tax86,709  (25,710) (16,414) (2,291)Total comprehensive loss attributable to XPeng Inc.(1,197,972) (689,756) (494,168) (68,985)Comprehensive loss attributable to ordinary           shareholders of XPeng Inc.(1,197,972) (689,756)  (494,168)  (68,985)        Weighted average number of ordinary shares used in       computing net loss per ordinary share       Basic and diluted1,888,024,660  1,899,365,591  1,902,441,632  1,902,441,632 Net loss per ordinary share attributable       to ordinary shareholders       Basic and diluted(0.68) (0.35) (0.25) (0.04)        Weighted average number of ADS used in        computing net loss per share       Basic and diluted944,012,330  949,682,796  951,220,816  951,220,816 Net loss per ADS attributable to ordinary shareholders       Basic and diluted(1.36) (0.70) (0.50) (0.07) XPENG INC.UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)  Three Months Ended  June 30,  March 31,  June 30,   June 30,   2024  2025  2025  2025  RMB  RMB  RMB  US$         Loss from operations(1,609,058) (1,041,447)  (934,649)  (130,473)Fair value (gain) loss on derivative liability           relating to the contingent consideration(16,662) 118,229   (34,004)  (4,747)Share-based compensation expenses81,306  120,028   126,475    17,655  Non-GAAP loss from operations(1,544,414) (803,190)  (842,178)  (117,565)Net loss(1,284,681) (664,046) (477,754) (66,694)Fair value (gain) loss on derivative liability           relating to the contingent consideration(16,662) 118,229   (34,004)  (4,747)Share-based compensation expenses81,306  120,028   126,475    17,655  Non-GAAP net loss(1,220,037) (425,789)  (385,283)  (53,786)Net loss attributable to ordinary shareholders(1,284,681) (664,046)  (477,754)  (66,694)Fair value (gain) loss on derivative liability relating            to the contingent consideration(16,662) 118,229   (34,004)  (4,747)Share-based compensation expenses81,306  120,028   126,475    17,655  Non-GAAP net loss attributable to ordinary           shareholders of XPeng Inc.(1,220,037) (425,789) (385,283) (53,786)            Weighted average number of ordinary shares used in       calculating Non-GAAP net loss per share        Basic and diluted1,888,024,660  1,899,365,591  1,902,441,632  1,902,441,632 Non-GAAP net loss per ordinary share        Basic and diluted(0.65) (0.22) (0.20) (0.03)Weighted average number of ADS used in calculating        Non-GAAP net loss per share       Basic and diluted944,012,330  949,682,796  951,220,816  951,220,816             Non-GAAP net loss per ADS       Basic and diluted(1.29) (0.45) (0.41) (0.06)

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