On March 8, Xiaopeng Auto (XPEV) announced the fourth quarter of the 2020 and the 20020 fiscal year without auditing financial data.

Financial report shows that in the fourth quarter of 2020, Xiaopeng automobile operating income reached 2.851 billion yuan ($ 437 million), an increase of 345.5% year-on-year, an increase of 43.3% from the previous month.

On March 8, Xiaopeng Auto (XPEV) announced the fourth quarter of the 2020 and the 20020 fiscal year without auditing financial data.

Financial report shows that in the fourth quarter of 2020, Xiaopeng automobile operating income reached 2.851 billion yuan ($ 437 million), an increase of 345.5% year-on-year, an increase of 43.3% from the previous month.

In terms of net profit, the net loss of Xiaopeng Automotive in 2020 was RMB 787 million ($ 121 million), which was reduced by a loss of loss over the same period last year and third quarters.

In terms of operation, the total delivery volume of Xiaopeng automobile in the fourth quarter of 2020, a year-on-year increase of 302.9% compared to 2019, an increase of 51.1% from the previous month. Among them, Xiaopeng Auto P7 has reached 8,527, an increase of 37.3% from the previous month.

The growth of sales is a more stable business income into Xiaopeng. According to the financial report, the 445 million US dollars in Xiaopeng Automobile in the fourth quarter of 2020 were 2.4.1% year-on-year increase in 2019, an increase of 44.1% from 2019.

It is worth paying attention to the fourth quarter of 2020, and the gross profit margin of Xiaopeng has also achieved rotation, reaching 7.4%. Among them there is 6.8% gross profit margin.

The vice minister of Xiaopeng Auto said that the company has said that the company has achieved in the fourth quarter and 2020 fiscal year proves that Xiaopeng has the ability to successfully meet the market demand of the intelligent travel experience.

Gu Hong stressed that in 2020, Xiaopeng has achieved the first turn of the year’s gross profit margin, which is an important milestone in the history of the company. In his view, strong cash will provide a solid financial foundation for the future development of Xiaopeng.

Financial report information shows that as of December 31, 2020, Xiaopeng has a total of 35.342 billion yuan ($ 5.416 billion) in cash, cash equivalents, limited funds and short-term investment.

Throughout 2020, Xiaopeng Motors also handed over beautiful “answer” with a growing delivery and revenue. The financial report shows that in FY 2020, Xiaopeng’s total delivery has reached 27,000, a year-on-year increase of 112.5%.

In terms of revenues, the total revenue of Xiaopeng car ($ 896 million) was 5844 billion yuan ($ 896 million), an increase of 151.8%. Among them, the car sales revenue reached 5.547 billion yuan ($ 850 million), an increase of 155.5% year-on-year.

He Xiaopeng, CEO, Chairman Xiaopeng Auto, said that Xiaopeng car adheres to providing highly differentiated smart automotive products and services, and continuously expand sales and service networks. These are the foundation of supporting Xiaopeng’s cars to achieve a gratifying performance, and will also be empower for future sustainable development.

The publication shows that as of the end of 2020, Xiaopeng Motor’s sales and service network has covered 69 cities, including 160 sales outlets and 54 service outlets.

Disclaimer: The above unmected sources, no water-free pictures come from the creativity of the insects. The contents of this document are for reference only, and the investment recommendations are not constituted, and investors should operate accordingly.

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