todays $XPENG-W (09868.HK)$ The financial report for the second quarter of 2023 was disclosed, because I knew earlier that Xiaopeng's Q2 delivery time was relatively slow, and the Q2 revenue guide was given at the first quarter earnings conference of 4.5 to 4.7 billion yuan, a sharp drop from the previous year.So everyone basically knows that the Q2 earnings data will be relatively poor, but what they didn't expect was that the gross profit margin of automobiles would actually fall by -8.6%. For Xiaopeng's financial report, I think it's an unexpected difference, but the gross margin performance is also unexpectedly poor.
regarding $XPeng (XPEV.US)$ For previous financial reports, interested students can check out the financial report analysis I wrote earlier. Overall, my opinion on Xiaopeng hasn't changed much. The car is nice and the technical level is good, but the sales volume is poor, and the financial data is poor!
Attached is an interpretation of Xiaopeng's historical financial reports:
Xiaopeng's 2023 Q1 Earnings Reportreads—Where is the bottom of gross profit going back overnight to before liberation?
Xiaopeng's 2022 Q4 earnings reportreads—Is there still spring for wild lilies?
Xiaopeng 2022 Q3 Earnings Reportreads- Losing growth, can G9 and intelligence bring about a rebound?
As for the interpretation of Xiaopeng's earnings report for this quarter, I think there's no need to say much. The data is very clear, and everyone can basically understand it by looking at the data.
1. Revenue
Xiaopeng's revenue for the second quarter was 5.063 billion yuan, down 31.9% year on year, up 25 month on month...