On August 26th, Xiaopeng Auto-W (9868.HK) closed at HKD 28.70 per share at noon, up 5.71%.
On the news front, on the morning of August 26th, Xiaopeng Motors announced on the Hong Kong Stock Exchange that the company's chairman and controlling shareholder, He Xiaopeng, had purchased a total of 1 million Class A ordinary shares of Xiaopeng Motors from August 21st to August 23rd, with an average price of HKD 27.13 per share. In addition, the company purchased a total of 1.4199 million American depositary shares of the company through its wholly-owned GalaxyDynasty Limited, with an average price of USD 7.02 per share.
In the announcement, He Xiaopeng stated that he plans to further increase his shareholding in Xiaopeng Motors while complying with applicable laws and regulatory requirements. Following the acquisition, as of the announcement date, He Xiaopeng holds approximately 18.8% of the total issued share capital of Xiaopeng Motors.
According to a rough calculation by a reporter from Nan Cai News, based on the exchange rate of 1 US dollar to 7.80 Hong Kong dollars, He Xiaopeng spent a total of approximately 105 million Hong Kong dollars to increase his holdings this time.
In addition, this morning, Yu Chengdong, Executive Director of Huawei, Chairman of Terminal BG, and Chairman of Intelligent Automotive Solutions BU, expressed his congratulations on the 10th anniversary of Xiaopeng Motors in a video. Regarding this, He Xiaopeng expressed his gratitude in a Weibo post, saying that he looks forward to both parties working together to continue improving the user travel experience.
On August 20th, Xiaopeng Motors announced its Q2 2024 financial report, with Q2 revenue of 8.11 billion yuan, a year-on-year increase of 60.2%; Adjusted loss per share of 0.65 yuan; Adjusted net loss of 1.22 billion yuan, narrowed compared to the same period last year; The gross profit margin was 14.0%, an increase of 17.9 percentage points year-on-year.
On the same day, He Xiaopeng stated during the Q2 2024 earnings conference call that the ramp up of MONAM03 and P7+deliveries will significantly expand Xiaopeng's market share. Xiaopeng Motors is confident that its delivery volume will increase significantly month on month in the third and fourth quarters of this year, and reach a new high in delivery volume in the fourth quarter.
(Disclaimer: The content of this article is for reference only and does not constitute investment advice. Investors operate based on this and bear the risks themselves.)