He Xiaopeng increased his holdings of Xiaopeng Motors.
On August 26, XPEV (09868.HK, NYSE: XPEV) announced that its CEO and controlling shareholder, He Xiaopeng, has purchased a total of 1 million Class A ordinary shares of the company on the public market from August 21, 2024 to August 23, 2024, at an average price of HKD 27.13 per Class A ordinary share, and approximately 1.42 million American depositary shares of the company through its wholly-owned subsidiary Galaxy Dynasty Limited, at an average price of USD 7.02 per American depositary share.
Based on this calculation, the two share purchases cost approximately HKD 27 million and USD 9.97 million respectively, and the total increase in holdings this time is approximately HKD 107 million.
The announcement shows that immediately after the acquisition, He Xiaopeng holds approximately 18.8% of the total issued share capital of Xiaopeng Motors.
The announcement stated that the board of directors believes that the acquisition demonstrates Mr. He's confidence in the company's prospects and growth potential, as well as his long-term commitment to the company. Meanwhile, He Xiaopeng stated that he plans to further increase his shareholding in the company while complying with applicable laws and regulatory requirements.
Public information shows that He Xiaopeng is a core investor in Xiaopeng Motors. At the beginning of its establishment, Xiaopeng Auto was invested by many Internet giants such as He Xiaopeng, the founder of UC, Li Xueling, the founder of YY, Fu Sheng, CEO of Cheetah Mobile, and many well-known venture capital institutions and listed companies. On August 29, 2017, Xiaopeng Motors announced that He Xiaopeng had officially joined Xiaopeng Motors as its chairman.
According to the recently released Q2 2024 financial report of Xiaopeng Motors, the company achieved a revenue of 8.11 billion yuan, a year-on-year increase of 60.2%; Net loss of 1.28 billion yuan, compared to a net loss of 2.8 billion yuan in the same period last year; Xiaopeng Motors delivered a total of 30200 vehicles in the second quarter, an increase of 30.2% year-on-year; Xiaopeng's gross profit margin increased to 14% in the second quarter, compared to -3.9% in the same period of 2023; Among them, the gross profit margin of automobiles is 6.4%, which is -8.6% for the same period in 2023.
Looking ahead to the third quarter, Xiaopeng Motors is expected to deliver between 41000 and 45000 vehicles, with an annual increase of 2.5% to 12.5%; The total revenue ranges from 9.1 billion yuan to 9.8 billion yuan, with an annual increase of 6.7% to 14.9%.