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小鹏汽车 XPENG INC.(XPEV)2025年第四季度及全年财报「NYSE」(英文版)(14页).pdf

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1、XPENG Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial ResultsMarch 20,2026The Company achieved a positive net profit of RMB0.38 billion in the fourth quarter of 2025,recorded a positive net profitfor a single quarter for the first time.Cash positioni was RMB47.66 billion(US$6.81 bill

2、ion)as of December 31,2025Quarterly total revenues were RMB22.25 billion,a 38.2%increase year-over-yearQuarterly gross margin was 21.3%,an increase of 6.9 percentage points over the same period of 2024Quarterly vehicle margin was 13.0%,an increase of 3.0 percentage points over the same period of 202

3、4Full year vehicle deliveries reached 429,445,a 125.9%increase year-over-yearFull year revenues reached RMB76.72 billion,an 87.7%increase year-over-yearFull year gross margin was 18.9%,an increase of 4.6 percentage points year-over-yearGUANGZHOU,China,March 20,2026/PRNewswire/-XPeng Inc.(XPENG or th

4、e Company,NYSE:XPEV and HKEX:9868),a leading global AImobility technology company,today announced its unaudited financial results for the three months and fiscal year ended December 31,2025.Operational and Financial Highlights for the Three Months Ended December 31,2025 2025Q42025Q32025Q2 2025Q12024

5、Q42024Q3 Total deliveries116,249 116,007 103,18194,008 91,507 46,533XPENGs physical sales network had a total of 721 stores,covering 255 cities as of December 31,2025.XPENG self-operated charging station network reached 3,159 stations,including 2,108 XPENG ultra-fast chargingstations as of December

6、31,2025.Total revenues were RMB22.25 billion(US$3.18 billion)for the fourth quarter of 2025,representing an increase of 38.2%from the same period of 2024,and an increase of 9.2%from the third quarter of 2025.Revenues from vehicle sales were RMB19.07 billion(US$2.73 billion)for the fourth quarter of

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1. **首次季度盈利**:2025Q4净利3.8亿元,首次实现单季度盈利,毛利率21.3%(同比+6.9pp),车辆毛利率13.0%(同比+3.0pp)。 2. **交付与收入增长**:2025全年交付42.9万辆(同比+125.9%),营收767.2亿元(同比+87.7%);Q4营收222.5亿元(同比+38.2%)。 3. **现金储备**:截至2025年底现金储备476.6亿元,为研发提供支撑。 4. **2026年展望**:Q1预计交付6.1万-6.6万辆,营收122亿-132.8亿元,同比下滑。 5. **技术进展**:发布VLA 2.0智能驾驶系统,推进物理AI与机器人研发。
小鹏盈利了吗? 交付量翻倍了吗? 现金储备多少?
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