🔹 Revenue: RMB18.27B (Est. RMB18.51B) 🔴; UP +125.3% YoY; UP +15.6% QoQ
🔹 Non-GAAP EPS: (RMB0.20) (Est. (RMB0.83)) 🟢
Q3’25 Guide:
🔹 Revenue: RMB19.6B–21.0B (Est. RMB21.1B) 🔴; UP +94%–108% YoY
🔹 Deliveries: 113,000–118,000; UP +143%–154% YoY
Operational Metrics:
🔹 Vehicle Sales Revenue: RMB16.88B; UP +147.6% YoY; UP +17.5% QoQ
🔹 Net Loss: RMB0.48B; DOWN -62.8% YoY; DOWN -28.1% QoQ
🔹 Non-GAAP Net Loss: RMB0.39B; DOWN -68.4% YoY; DOWN -9.5% QoQ
🔹 Gross Margin: 17.3%; UP +3.3 pts YoY; UP +1.7 pts QoQ
🔹 Vehicle Margin: 14.3%; UP +7.9 pts YoY; UP +3.8 pts QoQ
🔹 Deliveries: 103,181; UP +242% YoY; UP +10% QoQ
🔹 Cash & Equivalents: RMB47.57B (US$6.64B)
🔹 Stores: 677 across 224 cities
🔹 Charging Stations: 2,348 (1,304 ultra-fast)
Management Commentary:
🔸 CEO He Xiaopeng: “We achieved record-high performance in deliveries, revenue, gross margin, and cash position, supported by our upgraded technology platforms.”
🔸 Vice Chairman Brian Gu: “Vehicle margin has improved for eight consecutive quarters, reaching 14.3%. We are confident in accelerating scale growth while improving profitability.”
Recent Developments:
🔹 July 2025 deliveries: 36,717; YTD deliveries 233,906
🔹 Launched G7 smart SUV in July 2025
🔹 Expanded E/E architecture collaboration with Volkswagen (Aug 15, 2025)