Financial Performance - Total vehicle deliveries for 2022 reached 120,757 units, a 23.0% increase from 98,155 units in 2021[3] - Total revenue for the fiscal year 2022 was RMB 26.86 billion, up 28.0% from RMB 20.99 billion in 2021[9] - Vehicle sales revenue for 2022 was RMB 24.84 billion, a 23.9% increase from RMB 20.04 billion in 2021[9] - Gross margin for the fiscal year 2022 was 11.5%, down from 12.5% in 2021[4] - Net loss for the fiscal year 2022 was RMB 9.14 billion, compared to RMB 4.86 billion in 2021[4] - Operating loss for the fiscal year 2022 was RMB 8.71 billion, compared to RMB 6.58 billion in 2021[10] - The basic and diluted net loss per American depositary share for the fiscal year 2022 was RMB 9.84, compared to RMB 5.46 in the previous year[11] - The company recorded a net loss of RMB 9.14 billion and RMB 4.86 billion for the years ended December 31, 2022, and 2021, respectively, with a cumulative loss of RMB 25.33 billion as of December 31, 2022[14] - The net loss attributable to ordinary shareholders for the year ended December 31, 2022, was RMB (9,138,972) thousand, compared to RMB (4,863,096) thousand in 2021, resulting in a basic and diluted loss per share of RMB (5.34) compared to RMB (2.96) in 2021[55] - Non-GAAP operating loss for 2022 was RMB (7,995,037) thousand, up from RMB (6,199,457) thousand in 2021, representing an increase of 29.0%[60] - Basic and diluted non-GAAP net loss per ordinary share for 2022 was RMB (4.92), compared to RMB (2.73) in 2021, indicating a worsening loss per share[60] Revenue and Sales - Total revenue for 2022 was RMB 26,855,119 thousand, an increase from RMB 20,988,131 thousand in 2021, representing a growth of approximately 28.5%[41] - Vehicle sales revenue reached RMB 24,839,637 thousand, up from RMB 20,041,955 thousand in the previous year, indicating a growth of about 23.9%[41] - Total revenue for Q1 2023 is projected to be between RMB 4 billion and RMB 4.2 billion, reflecting a year-over-year decline of approximately 43.7% to 46.3%[13] Research and Development - Research and development expenses for 2022 were RMB 5.21 billion, a 26.8% increase from RMB 4.11 billion in 2021[10] - Research and development expenses totaled RMB 5,214,836 thousand, up from RMB 4,114,267 thousand in 2021, showing an increase of about 26.8%[41] - XPeng Inc. is committed to developing its full-stack intelligent driving technology and in-car smart operating systems to enhance customer experience[35] Operational Efficiency and Strategy - The company aims to enhance operational efficiency and reduce costs while optimizing its product portfolio and marketing capabilities[5] - The company continues to focus on sustainable growth and creating value for shareholders[34] - XPeng Inc. has established major offices in cities including Beijing, Shanghai, Silicon Valley, San Diego, and Amsterdam to support its global operations[35] Cash and Assets - As of December 31, 2022, the company had cash and cash equivalents, restricted cash, short-term investments, and time deposits totaling RMB 38.25 billion, down from RMB 43.54 billion as of December 31, 2021[12] - Cash and cash equivalents increased to RMB 14,607,774 thousand as of December 31, 2022, up from RMB 11,024,906 thousand in 2021, reflecting a growth of approximately 32.5%[43] - Total assets amounted to RMB 71,491,006 thousand as of December 31, 2022, compared to RMB 65,651,302 thousand in 2021, marking an increase of about 8.3%[44] Liabilities and Equity - Total liabilities rose to RMB 34,580,341 thousand in 2022, up from RMB 23,504,724 thousand in 2021, indicating a significant increase of approximately 47.2%[45] - The company’s total equity decreased to RMB 36,910,665 thousand in 2022 from RMB 42,146,578 thousand in 2021, representing a decline of approximately 12.5%[45] Employee and Corporate Governance - As of December 31, 2022, the total number of employees was 15,829, with various recruitment channels including online platforms and campus recruitment[26] - The audit committee reviewed the unaudited consolidated financial statements for the year ended December 31, 2022, ensuring effective internal controls[31] - The company has adopted the standard code of conduct for securities trading by directors, confirming compliance during the reporting period[29] Inventory and Accounts Receivable - The company reported inventory of RMB 4,521,373 thousand as of December 31, 2022, which is a substantial increase from RMB 2,661,921 thousand in 2021, reflecting a growth of about 69.8%[43] - The net accounts receivable as of December 31, 2022, was RMB 3,855,851 thousand, up from RMB 2,657,579 thousand as of December 31, 2021, representing a year-over-year increase of 44.9%[56] - Accounts receivable increased to RMB 3,876,103 thousand as of December 31, 2022, up from RMB 2,669,206 thousand in 2021, representing a growth of 45.0%[57] Risks and Contingencies - The group faced foreign exchange risk primarily from cash and receivables denominated in RMB held by subsidiaries with a functional currency of USD[24] - The group has not hedged its interest rate risk using any financial instruments, exposing it to both fair value and cash flow interest rate risks[25] - The company did not have any significant contingent liabilities as of December 31, 2022[23] Shareholder Information - The board did not recommend the distribution of a final dividend for the year ended December 31, 2022[32] - The company did not declare any dividends for the years ended December 31, 2022, and 2021[59]
小鹏汽车(09868) - 2022 - 年度业绩