XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China.MoreShow less
Profile & Fundamentals
XPeng (9868.HKEX) Profile & Fundamentals
Review XPeng reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
XPeng: Company Profile & Ownership
XPeng Inc. operates as a physical AI company. It has developed a Physical AI architecture covering Turing AI chips, foundation models, and integrated software and hardware applications. The company's products include smart EVs, robotaxis, and humanoid robots. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.
Company profile record
Xpeng Inc
Common Stock · Consumer Discretionary · Automobile Manufacturers
Company
- Company / asset
- Xpeng Inc
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Automobile Manufacturers
- HQ
- 🇨🇳 China
- Head office
- No.10, Cencun Fengzhuang Avenue, Guangzhou, China, 510640
Leadership & scale
- Chief executive
- Mr. Xiaopeng He
- CEO year born
- 1978
- Full-time employees
- 20.6K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- HKD 74.4B
- P/E
- --
- Revenue (Q2 26)
- CNY 19.7B
- Profit (Q2 26)
- CNY -1.3B
- Dividend Yield
- --
- Revenue (FY 25)
- CNY 74.7B
- Shares in public float
- 1.4B
- Insider ownership
- 6.39%
Reporting & identifiers
- Symbol
- 9868.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- KYG982AW1003
- Asset ID
- equity_4d39e69a-a9b6-5d88-89d1-63af8648dc58
XPeng: Ownership
Shares Outstanding
Latest: 1.9B | Max: 1.9B | Min: 1.6B
Latest reported ownership snapshot
Float Shares
74.22%
1.4B latest reported shares
Insider Ownership
6.39%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2019-01-01 | 1,710,518,200 |
| 2020-01-01 | 1,579,805,700 |
| 2021-01-01 | 1,700,956,000 |
| 2022-01-01 | 1,719,803,600 |
| 2023-01-01 | 1,868,293,700 |
| 2024-01-01 | 1,911,386,500 |
| 2025-01-01 | 1,934,719,300 |
| 2026-01-01 | 1,912,734,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
XPeng: Earnings, Profitability & Valuation
Latest Financials Filed On
Cash Flow: CNY→USD conversion reference as of . Historical periods use their own dated rates.
Cash Flow: HKD→USD conversion reference as of . Historical periods use their own dated rates.
Income Statement: CNY→USD conversion reference as of . Historical periods use their own dated rates.
Income Statement: HKD→USD conversion reference as of . Historical periods use their own dated rates.
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The latest financial performance reflects an important operational transition. Total revenue expanded to nearly 20 billion renminbi in the second quarter of 2026, driven by higher delivery volumes. However, bottom-line net losses widened past 1.3 billion renminbi due to substantial research spending and domestic retail price wars. Headline results show a company investing aggressively to defend its future. Beneath the reported loss lies a significant improvement in revenue quality. While pure car manufacturing generated modest margins, technical service and licensing fees grew rapidly, delivering gross profit margins above 75%. This high-margin income from technology partnerships helps offset vehicle discounting, creating a viable path toward sustainable operating profitability as manufacturing scale increases.
The latest financial performance reflects an important operational transition. Total revenue expanded to nearly 20 billion renminbi in the second quarter of 2026, driven by higher delivery volumes. However, bottom-line net losses widened past 1.3 billion renminbi due to substantial research spending and domestic retail price wars. Headline results show a company investing aggressively to defend its future. Beneath the reported loss lies a significant improvement in revenue quality. While pure car manufacturing generated modest margins, technical service and licensing fees grew rapidly, delivering gross profit margins above 75%. This high-margin income from technology partnerships helps offset vehicle discounting, creating a viable path toward sustainable operating profitability as manufacturing scale increases.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 74.7B | Max: CNY 74.7B | Min: CNY -12.9B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability numbers tell two completely different stories across the business segments. Consolidated gross margin reached a resilient 20.7% in mid-2026, demonstrating substantial progress from earlier years. Yet pure vehicle manufacturing margins hovered near 12.1%, dragged down by widespread retail discounting and promotional allowances across China's mass-market electric vehicle segments. The key driver of overall margin resilience is the services and technology segment, which delivered gross margins above 75% thanks to engineering milestones with Volkswagen. As custom computing chips lower production costs and high-margin international exports expand, the company can gradually lift blended profitability above the pressures of domestic price wars.
Profitability numbers tell two completely different stories across the business segments. Consolidated gross margin reached a resilient 20.7% in mid-2026, demonstrating substantial progress from earlier years. Yet pure vehicle manufacturing margins hovered near 12.1%, dragged down by widespread retail discounting and promotional allowances across China's mass-market electric vehicle segments. The key driver of overall margin resilience is the services and technology segment, which delivered gross margins above 75% thanks to engineering milestones with Volkswagen. As custom computing chips lower production costs and high-margin international exports expand, the company can gradually lift blended profitability above the pressures of domestic price wars.
Profitability Margins
Latest: 18.9% | Max: 18.9% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
18.9%
Gross profit / revenue
Operating Margin
-5.8%
Operating income / revenue
Net Margin
-1.5%
Net income / revenue
FCF Margin
6.6%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2018-12-31 | 1,410,755.81 | -203,317,296.51 | -375,307,122.09 |
| 2019-12-31 | 333,508,477.01 | -530,412,787.36 | -786,080,172.41 |
| 2020-12-31 | 894,995,558.96 | -418,374,425.73 | -230,043,185.3 |
| 2021-12-31 | 3,300,020,597.48 | -764,637,735.85 | -851,046,540.88 |
| 2022-12-31 | 3,892,046,231.88 | -1,325,085,362.32 | -1,871,344,202.9 |
| 2023-12-31 | 3,927,793,469.91 | -1,328,524,327.78 | -190,893,098.59 |
| 2024-12-31 | 5,259,499,227.8 | -745,207,722.01 | -571,464,607.46 |
| 2025-12-31 | 10,691,580,829.76 | -158,793,991.42 | 702,642,632.33 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2018-12-31 | -24.33 | -17,459.65 | -14,411.94 | -26,603.27 |
| 2019-12-31 | -24.05 | -162.87 | -159.04 | -235.7 |
| 2020-12-31 | 4.55 | -73.47 | -46.75 | -25.7 |
| 2021-12-31 | 12.5 | -31.35 | -23.17 | -25.79 |
| 2022-12-31 | 11.5 | -32.42 | -34.05 | -48.08 |
| 2023-12-31 | 1.47 | -35.5 | -33.82 | -4.86 |
| 2024-12-31 | 14.3 | -16.29 | -14.17 | -10.87 |
| 2025-12-31 | 18.86 | -5.76 | -1.49 | 6.57 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-05.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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