To The Moon

» » » 1. Quarterly revenue fell by 40%

Fourth quarter.

The total revenue of Xiaopeng Automobile in the fourth quarter of 2022 was 5.14 billion yuan, down 39.9% from the same period in 2021 and 24.7% from the third quarter of 2022;

Automobile sales revenue was RMB 4.66 billion, down 43.1% from the same period in 2021 and 25.3% from the third quarter of 2022;

The gross profit margin was 8.7%, 12.0% in the same period in 2021, compared with 13.5% in the third quarter of 2022;

The car profit margin was 5.7%, 10.9% in the same period in 2021, and 11.6% in the third quarter of 2022;

The net loss was RMB 2.36 billion, RMB 1.29 billion in the same period in 2021, and RMB 2.38 billion in the third quarter of 2022.

The whole year of 2022.

The total revenue of the fiscal year 2022 was 26.86 billion yuan, up 28.0% from last year's 20.99 billion yuan;

Automobile sales revenue was 24.84 billion yuan, up 23.9% from 20.04 billion yuan last year;

The gross profit margin is 11.5%, compared with 12.5% last year;

The car profit margin was 9.4%, compared with 11.5% last year;

The net loss was 9.14 billion yuan, and the annual loss was 4.86 billion yuan.

Cash and cash equivalents.

As of December 31, 2022, cash and cash equivalents, restricted cash, short-term investment and time deposits were 38.25 billion yuan, compared with 43.54 billion yuan in the same period last year, compared with 40.12 billion yuan in the previous quarter. Time deposits include short-term deposits, long-term deposits and non-current parts.

Performance outlook.

For the first quarter of 2023, the company expects:

The delivery of cars will range from 18,000 to 19,000, with an annual decrease of about 45.0% to 47.9%;

The total revenue will range from RMB 4 billion to RMB 4.2 billion, with an annual decrease of about 43.7% to 46.3%.

» » » 2. Delivery reversing, please pay attention!

The quarterly delivery data of Xiaopeng Automobile shows that in the first quarter of 2022, the delivery of Xiaopeng Automobile decreased from 41,751 in the fourth quarter of last year to 34,561, which is believed to be mainly due to the cyclical factors of the domestic Spring Festival.

In the second and third quarters of 2022, the delivery of Xiaopeng Automobile was 34,422 and 29,570 respectively, indicating that the company is trying to stabilize its business and achieve sustainable growth, but the effect is not obvious. However, in the fourth quarter, the delivery volume fell again to 22,204, which may be due to seasonal or other market factors, including supply chain problems and market competition.

A Dai feels that Xiaopeng has experienced a stage of rapid growth in the past few years and has achieved remarkable success in the electric vehicle market. Quarterly delivery data shows that the company is going through a stage of rapid growth and occupies an important position in the electric vehicle market. However, with the intensification of market competition and the impact of supply chain problems, companies need to take measures to maintain growth and market competitiveness.

Xiaopeng Automobile delivered a total of 11,292 smart cars in December 2022, with a monthly increase of 94%. A total of 22,204 vehicles were delivered in the fourth quarter, with an annual cumulative delivery of 120,757 vehicles, an increase of about 23.03% from 98,155 vehicles in 2021. As of December 31, 2022, the historical cumulative delivery of Xiaopeng Automobile has reached 258,710.

If the financial report released by NIO earlier is not performing well, then Xiaopeng's delivery data is simply unqualified. With a scale of 100,000 levels, it has only increased by 23%, which is really worrying.

From the monthly delivery chart made by Dumb above, it can be seen that the blue is the data of the previous year, the orange is the data of 2022, and the gray is freshly baked this year. In the first half of the year, the overall trend continued to hit a new high, while in the orange year of 2022, in the second half of the year, "reversing, please pay attention! Reversing, please pay attention!"

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