Group 1 - The company expects to record revenue between 250 million HKD and 260 million HKD for the six months ending June 30, 2025, representing a year-on-year increase of approximately 10% to 14% [1] - The company anticipates a pre-tax loss between 8 million HKD and 10 million HKD, a reduction of about 25% to 6% compared to the pre-tax loss of 10.6 million HKD in the same period last year [1] - The company projects a net loss between 10 million HKD and 15 million HKD, an increase of approximately 27% to 90% compared to the net loss of 7.9 million HKD in the previous year [1] Group 2 - The board attributes the expected increase in net loss primarily to higher tax expenses, which arise from tax liabilities incurred during the six months ending June 30, 2025, as opposed to tax credits recorded in the same period last year [1] - The board believes that the company's credit risk, liquidity risk, and financial stability will not experience any significant changes for the remainder of the fiscal year [1] - The board will continue to closely monitor market conditions and will adjust the company's strategic direction as necessary [1]

Core Insights - Xiaopeng Motors reported first-quarter revenue of 15.81 billion RMB, exceeding market expectations of 15.63 billion RMB [1] - The company experienced a net loss of 660 million RMB in the first quarter [2] - Total vehicle deliveries reached 94,008 units, surpassing market estimates of 90,592 units [3] - For the second quarter, revenue is projected to be between 17.5 billion and 18.7 billion RMB [4] - Expected vehicle deliveries for the second quarter are between 102,000 and 108,000 units [5] - Xiaopeng Motors' U.S. stock rose nearly 5% in pre-market trading [6] Financial Performance - Automotive sales revenue for the first quarter was 14.37 billion RMB, showing a year-on-year increase of 159.2% but a quarter-on-quarter decrease of 2.1% [7] - The automotive gross margin improved to 10.5%, up 5 percentage points year-on-year and 0.5 percentage points quarter-on-quarter [7] - Total revenue for the quarter was 15.81 billion RMB, reflecting a year-on-year increase of 141.5% but a quarter-on-quarter decrease of 1.8% [7] - Gross profit reached 2.46 billion RMB, marking a year-on-year increase of 191.5% and a quarter-on-quarter increase of 5.8% [7] - The gross margin for the quarter was 15.6%, up 2.7 percentage points year-on-year and 1.2 percentage points quarter-on-quarter [7] - The net loss of 660 million RMB represented a 51.5% improvement year-on-year and a 50.1% improvement quarter-on-quarter [7] - Non-GAAP net loss was 430 million RMB, a reduction of 69.8% year-on-year and 69.4% quarter-on-quarter [7] - Comprehensive loss was 690 million RMB, down 48.6% year-on-year and 23.0% quarter-on-quarter [7]