XPeng Inc. reported a net loss for its shareholders in the fourth quarter amounting to RMB 1.35 billion. This reflects an improvement compared to the previous year, where they suffered a loss of RMB 2.36 billion. The net loss per ADS equated to RMB 1.51, better than the RMB 2.74 loss reported in the same period the year before. When evaluated on a non-GAAP basis, the net loss per ADS stood at RMB 1.98, compared to a loss of RMB 2.57 from the earlier year.
In terms of revenue, the company reported an encouraging uptick. The total revenue for the fourth quarter was RMB 13.05 billion, showing a robust growth rate of 153.9% from the RMB 5.14 billion recorded in the previous year. Vehicle sales constituted the major portion of this revenue, amounting to RMB 12.23 billion, illustrating a significant growth of 162.3% from the corresponding period in 2022.
Noteworthy is the company's performance in vehicle deliveries, which hit a count of 60,158. This number showed a staggering increase of 170.9% from the 22,204 deliveries registered last year.
Finally, the financial health of XPeng Inc. seems satisfactory, with its cash and cash equivalents, restricted cash, short-term investments and time deposits standing at RMB 45.70 billion as of December 31, 2023.
