XPeng Q2 Earnings: 30.2% Deliveries Growth, Margin Boost From Volkswagen Partnership, Q3 Outlook And More
XPeng Q2 Earnings: 30.2% Deliveries Growth, Margin Boost From Volkswagen Partnership, Q3 Outlook And More
Chinese EV maker XPeng Inc (NYSE: XPEV) reported fiscal second-quarter sales growth of 60.2% year-on-year, to 8.11 billion Chinese Yuan ($1.12 billion), missing the analyst consensus estimate of 8.21 billion Chinese Yuan ($1.13 billion). Total revenues increased 23.9% sequentially.
中国电动汽车制造商小鹏汽车（NYSE:XPEV）报告显示，截至2024年6月30日的财季第二季度销售额同比增长60.2％，达到81.1亿人民币（约11.2亿美元），略低于分析师共识预估的82.1亿人民币（约11.3亿美元）。总营收环比增长23.9％。
Adjusted net loss per ADS of (1.29) Chinese Yuan missed the analyst consensus loss estimate of (1.26) Chinese Yuan. In USD terms, the adjusted earnings per ADS was a loss of 18 cents, which is in line with the consensus.
每股美国存托股的调整后净亏损为（1.29）人民币，低于分析师共识平均损失预估的（1.26）人民币。以美元计算，每股美国存托凭证的调整后净亏损为亏损18美分，与共识一致。
Also Read: China's Cash-for-Clunkers Program Could Drive EV Sales to 10 Million in 2024, Boosting NIO, XPeng, and Li Auto Stocks
另请参阅：中国网上“以旧换新”计划可能在2024年推动电动汽车销售达到1,000万台，推动纳斯达克（NASDAQ）上的蔚来、小鹏和理想汽车的股票上涨。
The Tesla Inc (NASDAQ:TSLA) rival's quarterly vehicle deliveries increased 30.2% year-on-year to 30,207.
作为特斯拉股票（NASDAQ：TSLA）的竞争对手，小鹏汽车的季度车辆交付同比增长30.2％，至30,207辆。
XPeng's physical sales network had 611 stores, covering 185 cities as of June 30, 2024. XPeng's self-operated charging station network reached 1,298 stations as of June 30, 2024.
截至2024年6月30日，小鹏汽车的实体销售网络拥有611家门店，覆盖185个城市。小鹏汽车自营充电站网络截至2024年6月30日已达到1,298个。
Revenues from vehicle sales increased 54.1% Y/Y to $0.94 billion. Gross margin was 14.0% versus (3.9)% a year ago. Vehicle margin was 6.4% versus (8.6)% a year ago, primarily attributable to the cost reduction and the improvement in the model product mix.
汽车销售的营收同比增长54.1％，达到9.4亿美元。毛利率为14.0％，去年同期为（3.9）％。车辆毛利率为6.4％，去年同期为（8.6）％，主要归因于成本降低和产品结构的改进。
Operating loss for the quarter was $(0.22) billion. The company held $5.14 billion in cash and equivalents as of June 30, 2024.
本季度运营亏损为22亿美元，截至2024年6月30日，公司持有51.4亿美元的现金及现金等价物。
"Starting from the launch of MONA M03 in August, we are about to enter into a strong product cycle. In the next 3 years, we will have a large number of new models and facelift versions in the pipeline for market launch," said Mr. Xiaopeng He, Chairman and CEO of XPeng.
小鹏汽车董事长兼CEO何小鹏先生表示:"从8月份MONA M03发布开始，我们即将进入强劲的产品周期。在未来3年中，我们将有大量的新车型和升级版本，准备在市场上推出。"
"With cost reduction through technical improvement and revenues from technical collaboration in our strategic partnership with Volkswagen, our gross profit margin in the second quarter of 2024 has further increased to 14.0%," said Dr. Hongdi Brian Gu, Honorary Vice Chairman and Co-President of XPENG.
"通过技术改进的成本降低以及与大众汽车战略合作中的技术合作收入，我们2024年第二季度的毛利率进一步提高至14.0％，"小鹏汽车荣誉副董事长兼联席总裁顾虹弟博士表示。
Outlook: XPeng expects third-quarter vehicle deliveries of 41,000–45,000, up 2.5%–12.5% year-on-year.
展望未来：小鹏汽车预计第三季度车辆交付量为41,000-45,000辆，同比增长2.5％-12.5％。
The company expects second-quarter revenue of 9.1 billion Chinese Yuan–9.8 billion Chinese Yuan, representing a year-on-year increase of 6.7%–14.9%, versus the consensus of 10.50 billion Chinese Yuan.
公司预计第二季度收入为910亿人民币-980亿人民币，同比增长6.7％-14.9％，低于共识的105亿人民币。
XPeng stock plunged over 56% in the last 12 months as it strives against a domestic price war coupled with U.S. and EU protectionist tariffs.
由于面临国内的价格战和美国、欧盟贸易保护主义关税的问题，小鹏汽车股票在过去12个月中暴跌了超过56％。
Price Action: At the last check on Tuesday, XPEV stock traded higher by 0.28% to $7.22 premarket.
截至周二最后一次交易时，小鹏汽车（XPEV）股票在盘前交易中上涨0.28％，至7.22美元。
Image by Robert Way via Shutterstock
图像来自Shutterstock的Robert Way