| | | 截至以下日期止三個月 | | 變動比率 | | | --- | --- | --- | --- | --- | --- | | | 2025年 | 2025年 | 2024年 | | | | | 9月30日 | 6月30日 | 9月30日 | 按年比 | 按季比 | | 汽車銷售收入 | 18.05 | 16.88 | 8.80 | 105.3% | 6.9% | | 汽車毛利率 | 13.1% | 14.3% | 8.6% | 4.5個自分點 | -1.2個自分點 | | 總收入 | 20.38 | 18.27 | 10.10 | 101.8% | 11.5% | | 毛利 | 4.10 | 3.17 | 1.54 | 166.3% | 29.6% | | 毛利率 | 20.1% | 17.3% | 15.3% | 4.8個自分點 | 2.8個百分點 | | 淨虧損 | 0.38 | 0 48 | 1.81 | -78.9% | -20.3% | | 非公認會計原則淨虧損 | 0.15 | 0.39 | 1.53 | -90.1% | -60.6% | | 普通股股東應佔淨虧損 | 0.38 | ...

Core Insights - The carmaker has maintained a strong sales performance despite the competitive landscape of the Chinese auto market, attributed to its advanced autonomous-driving technology and a robust product mix [1] Company Performance - The company continues to experience a strong sales streak, indicating resilience in its market position [1] - Advanced autonomous-driving technology is a key driver of sales, showcasing the company's innovation in the automotive sector [1] - A strong product mix contributes to the company's competitive advantage in the market [1] Industry Context - The Chinese auto market remains highly competitive, yet the company has successfully navigated these challenges [1] - The emphasis on autonomous-driving technology reflects broader industry trends towards innovation and technological advancement in automotive manufacturing [1]

小鹏汽车预计第四季度营收215亿元至230亿元，同比增加约33.5%至42.8%；预计交付量125000至 132000辆，同比增加约36.6%至44.3%，市场预估135984辆。 格隆汇11月17日｜小鹏汽车(XPEV.US)盘前跳水，一度跌超4%。消息面上，小鹏汽车刚刚公布业绩显 示，2025年Q3营收203.8亿元，同比增长102%，市场预估204.5亿元；调整后每股亏损0.080元。季度毛 利率为20.1%，较2024年同期上升4.8个百分点。 ...

小鹏汽车(XPEV.US)盘前跳水，一度跌超4%。消息面上，小鹏汽车刚刚公布业绩显示，2025年Q3营收 203.8亿元，同比增长102%，市场预估204.5亿元；调整后每股亏损0.080元。季度毛利率为20.1%，较 2024年同期上升4.8个百分点。 小鹏汽车预计第四季度营收215亿元至230亿元，同比增加约33.5%至42.8%；预计交付量125000至 132000辆，同比增加约36.6%至44.3%，市场预估135984辆。 ...

Core Insights - Xiaopeng Motors (NYSE: XPEV) reported Q3 2025 financial results with total revenue of 20.38 billion yuan, representing a year-over-year increase of 101.8% and a quarter-over-quarter increase of 11.5% [1] - The company recorded a net loss of 380 million yuan, an improvement from a net loss of 1.81 billion yuan in the same period last year and a net loss of 480 million yuan in the previous quarter [1] - Adjusted net loss, excluding U.S. GAAP, was 150 million yuan, compared to a net loss of 1.53 billion yuan in the same period last year and a net loss of 390 million yuan in the previous quarter [1]

每经AI快讯，11月17日，小鹏汽车第三季度营收203.8亿元，同比增长102%；第三季度调整后每股亏损 0.080元。季度毛利率为20.1%，较2024年同期上升4.8个百分点。 ...

格隆汇11月17日｜小鹏汽车：2025年Q3营收203.8亿元，同比增长102%，市场预估204.5亿元；调整后 每股亏损0.080元。季度毛利率为20.1%，较2024年同期上升4.8个百分点。Q4营收展望为215亿-230亿 元。 ...

Core Viewpoint - Xiaopeng Motors expects fourth-quarter revenue to be between 21.5 billion and 23 billion yuan, with anticipated delivery volume ranging from 125,000 to 132,000 vehicles [2] Group 1 - Xiaopeng Motors projects fourth-quarter revenue of 21.5 billion to 23 billion yuan [2] - The company anticipates delivering between 125,000 and 132,000 vehicles in the fourth quarter [2]

Core Insights - Xiaopeng Motors reported a total vehicle delivery of 116,007 units in Q3 2025, representing a year-on-year increase of 149.3% [1] - The total revenue for the quarter reached RMB 20.38 billion, marking a year-on-year increase of 101.8% and a quarter-on-quarter increase of 11.5% [1] - The gross margin for the quarter was 20.1%, up 4.8 percentage points from the same period in 2024, while the automotive gross margin was 13.1%, an increase of 4.5 percentage points year-on-year [1] - The net loss narrowed to approximately RMB 380 million, a reduction of 78.9% year-on-year and 20.3% quarter-on-quarter [1] Financial Performance - Automotive sales revenue for Q3 2025 was RMB 18.05 billion (USD 2.54 billion), reflecting a year-on-year increase of 105.3% and a quarter-on-quarter increase of 6.9% [1] - The growth in sales and revenue was primarily driven by the increase in delivery volumes of newly launched models [1] Management Commentary - The CEO of Xiaopeng Motors highlighted that key operational metrics, including sales volume, revenue, gross margin, and cash on hand, reached new highs in Q3 2025 [1] - The company is in the early stages of rapid expansion in sales scale and market share, with a focus on scaling production of Robotaxi and humanoid robots [1] - The Vice Chairman emphasized effective cost control and the potential for revenue release from technology R&D, leading to a gross margin surpassing 20% for the first time in Q3 [1] Future Outlook - For Q4 2025, the company anticipates vehicle deliveries between 125,000 and 132,000 units, representing a year-on-year increase of approximately 36.6% to 44.3% [1] - Total revenue is expected to be between RMB 21.5 billion and RMB 23 billion, indicating a year-on-year increase of approximately 33.5% to 42.8% [1]

"2025年第三季度，小鹏汽车的各项关键经营指标，包括销量、收入、毛利率、在手现金，再创新 高。"小鹏汽车董事长及首席执行官何小鹏先生表示。"我们的销量规模和市场份额正处在高速扩张的早 期阶段，Robotaxi和人形机器人面向规模量产的目标加速前进。我坚信小鹏汽车会成为面向全球的具身 智能公司。围绕物理AI应用，我们会打造一个强大的产品技术体系和商业生态，为全球的客户和股东 创造更大的价值。" 格隆汇11月17日丨小鹏汽车-W(09868.HK)发布公告，2025年第三季度总收入为人民币203.8亿元(28.6亿 美元)，较2024年同期上升101.8%，并较2025年第二季度上升11.5%。2025年第三季度汽车销售收入为人 民币180.5亿元(25.4亿美元)，较2024年同期上升105.3%，并较2025年第二季度上升6.9%。 2025年第三季度毛利率为20.1%，相较而言，2024年同期为15.3%，而2025年第二季度为17.3%。2025年 第三季度汽车毛利率(即汽车销售毛利润占汽车销售收入的百分比)为13.1%，相较而言，2024年同期为 8.6%，而2025年第二季度为14.3%。截至202 ...