XPeng Posts Record Revenue in Q4, Gross Margin Turns Positive

11
Comment
Favorite

XPeng Posts Record Revenue in Q4, Gross Margin Turns Positive

CnEVPost03-19

Xpeng saw record revenue in the fourth quarter, net loss narrowed significantly and gross margin turned positive.XPeng’s U.S. listed shares gained over 3% in premarket trading.The company reported ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

BoonHuat
·03-19
Nice!
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1166306843?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-19 19:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1166306843","market":"us","top_or_hot":-1,"title":"XPeng Posts Record Revenue in Q4, Gross Margin Turns Positive","media":"CnEVPost","content":"<div>\n<p>Xpeng saw record revenue in the fourth quarter, net loss narrowed significantly and gross margin turned positive.XPeng’s U.S. listed shares gained over 3% in premarket trading.The company reported ...</p>\n\n<a href=\"https://cnevpost.com/2024/03/19/xpeng-q4-2023-earnings/\">Source Link</a>\n\n</div>\n","source":"cnevpost_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng Posts Record Revenue in Q4, Gross Margin Turns Positive</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Posts Record Revenue in Q4, Gross Margin Turns Positive\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-19 19:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2024/03/19/xpeng-q4-2023-earnings/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Xpeng saw record revenue in the fourth quarter, net loss narrowed significantly and gross margin turned positive.XPeng’s U.S. listed shares gained over 3% in premarket trading.The company reported ...</p>\n\n<a href=\"https://cnevpost.com/2024/03/19/xpeng-q4-2023-earnings/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XPEV","symbol_name":"小鹏汽车","start_time":0,"source_url":"https://cnevpost.com/2024/03/19/xpeng-q4-2023-earnings/","article_id":"1166306843","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166306843","pubTimestamp":1710846120,"sourceInfo":{"source_id":"cnevpost_highlight","name":"CnEVPost"},"weMediaInfo":null,"summary":"Xpeng (NYSE: XPEV) reported total revenues of RMB 13.05 billion ($1.84 billion) in the fourth quarter of 2023, an increase of 153.9 percent from the same period in 2022 and 53.0 percent from the third","collect":0,"end_time":0,"defaultTopTitle":"cnevpost.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"translate_title":"XPeng第四季度收入创纪录，毛利率转为正数","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09868":1.1,"XPEV":1.1},"content_text":"Xpeng saw record revenue in the fourth quarter, net loss narrowed significantly and gross margin turned positive.XPeng’s U.S. listed shares gained over 3% in premarket trading.The company reported revenue of RMB 13.05 billion ($1.84 billion) in the fourth quarter of 2023, up 153.9 percent from the same period in 2022 and up 53.0 percent from the third quarter of 2023, according to its unaudited financial results announced today.That was within the company's previously announced guidance range of between RMB 12.7 billion and RMB 13.6 billion, but below the RMB 13.28 billion expected by Wall Street analysts in a Bloomberg survey.Xpeng delivered a record 60,158 vehicles in the fourth quarter, up 170.93 percent year-on-year and up 50.36 percent from the third quarter, and within its previous guidance range of 59,500 to 63,500 vehicles.The company reported revenue from vehicle sales of RMB 12.23 billion in the fourth quarter, up 162.3 percent from the same period in 2022 and up 55.9 percent from the third quarter of 2023.Xpeng's gross margin was 6.2 percent in the fourth quarter of 2023, reversing two consecutive negative quarters.It had gross margins of -3.9 percent and -2.7 percent in the second and third quarters of 2023, respectively, and 8.7 percent in the third quarter of 2022.Xpeng's vehicle margin was 4.1 percent in the fourth quarter of 2023, compared to 5.7 percent in the same period of 2022 and -6.1 percent in the third quarter of 2023.Xpeng's guidance for first-quarter deliveries is between 21,000 and 22,500 units. Considering it delivered 8,250 units in January and 4,545 units in February, this means it expects to deliver 8,205-9,705 units in March.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":285942411325576,"gmtCreate":1710844859279,"gmtModify":1710844862571,"author":{"id":"3574549633778650","authorId":"3574549633778650","name":"BoonHuat","avatar":"https://static.tigerbbs.com/f64154b666040668c472fc3731becde7","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"&nbsp;Nice!","listText":"&nbsp;Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/285942411325576","repostId":1166306843,"repostType":2,"repost":{"id":"1166306843","pubTimestamp":1710846120,"share":"https://www.laohu8.com/m/news/1166306843?lang=&edition=full","pubTime":"2024-03-19 19:02","market":"us","language":"en","title":"XPeng Posts Record Revenue in Q4, Gross Margin Turns Positive","url":"https://stock-news.laohu8.com/highlight/detail?id=1166306843","media":"CnEVPost","summary":"Xpeng (NYSE: XPEV) reported total revenues of RMB 13.05 billion ($1.84 billion) in the fourth quarter of 2023, an increase of 153.9 percent from the same period in 2022 and 53.0 percent from the third","content":"<html><head></head><body><p style=\"text-align: left;\">Xpeng saw record revenue in the fourth quarter, net loss narrowed significantly and gross margin turned positive.</p><p>XPeng’s U.S. listed shares gained over 3% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ce219a69d805dec7689eac76ab8cb27a\" tg-width=\"804\" tg-height=\"625\"/></p><p style=\"text-align: left;\">The company reported revenue of RMB 13.05 billion ($1.84 billion) in the fourth quarter of 2023, up 153.9 percent from the same period in 2022 and up 53.0 percent from the third quarter of 2023, according to its unaudited financial results announced today.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/455dbc3b9b39b1ae4d1e24c817cf7cdf\" tg-width=\"1200\" tg-height=\"629\"/></p><p>That was within the company&#39;s previously announced guidance range of between RMB 12.7 billion and RMB 13.6 billion, but below the RMB 13.28 billion expected by Wall Street analysts in a Bloomberg survey.</p><p>Xpeng delivered a record 60,158 vehicles in the fourth quarter, up 170.93 percent year-on-year and up 50.36 percent from the third quarter, and within its previous guidance range of 59,500 to 63,500 vehicles.</p><p>The company reported revenue from vehicle sales of RMB 12.23 billion in the fourth quarter, up 162.3 percent from the same period in 2022 and up 55.9 percent from the third quarter of 2023.</p><p style=\"text-align: left;\">Xpeng&#39;s gross margin was 6.2 percent in the fourth quarter of 2023, reversing two consecutive negative quarters.</p><p style=\"text-align: left;\">It had gross margins of -3.9 percent and -2.7 percent in the second and third quarters of 2023, respectively, and 8.7 percent in the third quarter of 2022.</p><p style=\"text-align: left;\">Xpeng&#39;s vehicle margin was 4.1 percent in the fourth quarter of 2023, compared to 5.7 percent in the same period of 2022 and -6.1 percent in the third quarter of 2023.</p><p style=\"text-align: left;\">Xpeng&#39;s guidance for first-quarter deliveries is between 21,000 and 22,500 units. Considering it delivered 8,250 units in January and 4,545 units in February, this means it expects to deliver 8,205-9,705 units in March.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4fdcd95df1a9967aa7cb9a5f78885139\" tg-width=\"1200\" tg-height=\"628\"/></p><p style=\"text-align: left;\"><br/></p></body></html>","source":"cnevpost_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng Posts Record Revenue in Q4, Gross Margin Turns Positive</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Posts Record Revenue in Q4, Gross Margin Turns Positive\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-19 19:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2024/03/19/xpeng-q4-2023-earnings/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Xpeng saw record revenue in the fourth quarter, net loss narrowed significantly and gross margin turned positive.XPeng’s U.S. listed shares gained over 3% in premarket trading.The company reported ...</p>\n\n<a href=\"https://cnevpost.com/2024/03/19/xpeng-q4-2023-earnings/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"source_url":"https://cnevpost.com/2024/03/19/xpeng-q4-2023-earnings/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166306843","content_text":"Xpeng saw record revenue in the fourth quarter, net loss narrowed significantly and gross margin turned positive.XPeng’s U.S. listed shares gained over 3% in premarket trading.The company reported revenue of RMB 13.05 billion ($1.84 billion) in the fourth quarter of 2023, up 153.9 percent from the same period in 2022 and up 53.0 percent from the third quarter of 2023, according to its unaudited financial results announced today.That was within the company's previously announced guidance range of between RMB 12.7 billion and RMB 13.6 billion, but below the RMB 13.28 billion expected by Wall Street analysts in a Bloomberg survey.Xpeng delivered a record 60,158 vehicles in the fourth quarter, up 170.93 percent year-on-year and up 50.36 percent from the third quarter, and within its previous guidance range of 59,500 to 63,500 vehicles.The company reported revenue from vehicle sales of RMB 12.23 billion in the fourth quarter, up 162.3 percent from the same period in 2022 and up 55.9 percent from the third quarter of 2023.Xpeng's gross margin was 6.2 percent in the fourth quarter of 2023, reversing two consecutive negative quarters.It had gross margins of -3.9 percent and -2.7 percent in the second and third quarters of 2023, respectively, and 8.7 percent in the third quarter of 2022.Xpeng's vehicle margin was 4.1 percent in the fourth quarter of 2023, compared to 5.7 percent in the same period of 2022 and -6.1 percent in the third quarter of 2023.Xpeng's guidance for first-quarter deliveries is between 21,000 and 22,500 units. Considering it delivered 8,250 units in January and 4,545 units in February, this means it expects to deliver 8,205-9,705 units in March.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":11,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}