Xiaopeng Motors Pre Market Announcement.
Xiaopeng Motors announced on the Hong Kong Stock Exchange that its 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 purchased a total of 1.4199 million American depositary shares of the company through Galaxy Dynasty Limited, which is wholly owned by him, at an average price of USD 7.02 per American depositary share. Based on this rough calculation, He Xiaopeng's increase in holdings this time cost nearly 100 million yuan.
According to the announcement, He Xiaopeng stated that he plans to further increase his shareholding in Xiaopeng Motors while complying with applicable laws and regulatory requirements.
On August 20th, Xiaopeng Motors released its interim performance report. The report shows that in the first half of the year, Xiaopeng Motors' total revenue was RMB 14.66 billion, a year-on-year increase of 61.2%. Among them, the sales revenue was 12.36 billion yuan, an increase of 55.7% compared to the same period last year's 7.94 billion yuan. In the first half of the year, Xiaopeng Motors delivered 52000 vehicles, a year-on-year increase of 25.6%. Among them, in the second quarter, Xiaopeng Motors delivered a total of 30000 vehicles, a year-on-year increase of 30.2%.
In the first half of the year, Xiaopeng Motors' gross profit margin was 13.5%, compared to a negative 1.4% as of the first half of 2023. It is worth mentioning that in the second quarter of this year, Xiaopeng Motors' gross profit margin performed outstandingly, continuously increasing to 14.0%, a year-on-year increase of 17.9 percentage points.
As of June 30, 2024, Xiaopeng Motors' cash and cash equivalents, restricted cash, short-term investments, and term deposits amounted to RMB 37.33 billion.
Looking ahead to the next quarter, Xiaopeng Motors expects the total delivery volume of automobiles to be between 41000 and 45000 units, an increase of 2.5% to 12.5% year-on-year; The total revenue will range from RMB 9.1 billion to RMB 9.8 billion, an increase of 6.7% to 14.9% year-on-year.