Selling, general and administrative expenses were RMB1.69 billion (US$0.23 billion) for the third
quarter of 2023, representing an increase of 4.0% from RMB1.63 billion for the same period of 2022 and an increase of 9.6% from RMB1.54 billion for the second quarter of 2023. The year-over-year and quarter-over-quarter increases were
primarily attributable to the higher commission paid to the franchised stores.
Loss from operations was RMB3.16 billion (US$0.43 billion) for
the third quarter of 2023, compared with RMB2.18 billion for the same period of 2022 and RMB3.09 billion for the second quarter of 2023.
Non-GAAP loss from operations, which excludes share-based compensation expenses, was RMB3.04 billion (US$0.42 billion) for the third quarter of 2023, compared with RMB2.02 billion for the same period
of 2022 and RMB2.96 billion for the second quarter of 2023.
Net loss was RMB3.89 billion (US$0.53 billion) for the third quarter of
2023, compared with RMB2.38 billion for the same period of 2022 and RMB2.80 billion for the second quarter of 2023.
Fair value loss on
derivative liability was RMB0.97 billion (US$0.13 billion) for the third quarter of 2023. This non-cash loss resulted from the fluctuation in the fair value of the forward share purchase agreement,
measured through profit or loss, related to the issuance of shares by the Company for strategic minority investment by the Volkswagen Group.
Non-GAAP net loss, which excludes share-based compensation expenses and fair value loss on derivative liability, was RMB2.79 billion (US$0.38 billion) for the third quarter of 2023, compared with
RMB2.22 billion for the same period of 2022 and RMB2.67 billion for the second quarter of 2023.
Net loss attributable to ordinary
shareholders of XPENG was RMB3.89 billion (US$0.53 billion) for the third quarter of 2023, compared with RMB2.38 billion for the same period of 2022 and RMB2.80 billion for the second quarter of 2023.
Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation
expenses and fair value loss on derivative liability, was RMB2.79 billion (US$0.38 billion) for the third quarter of 2023, compared with RMB2.22 billion for the same period of 2022 and RMB2.67 billion for the second quarter of 2023.
Basic and diluted net loss per ADS were both RMB4.49 (US$0.62) for the third quarter of 2023, compared with RMB2.77 for the third quarter of 2022
and RMB3.25 for the second quarter of 2023.
Non-GAAP basic and diluted net loss per ADS were both RMB3.23
(US$0.44) for the third quarter of 2023, compared with RMB2.59 for the third quarter of 2022 and RMB3.10 for the second quarter of 2023.
Balance
Sheets
As of September 30, 2023, the Company had cash and cash equivalents, restricted cash, short-term investments and time deposits of
RMB36.48 billion (US$5.00 billion), compared with RMB38.25 billion as of December 31, 2022 and RMB33.74 billion as of June 30, 2023.
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