XPENG INC. |
|||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
|||||
(All amounts in thousands, except for share and per share data) |
|||||
|
31 December, |
|
As of 30 September, |
|
30 September, |
2020
|
|
2021
|
|
2021
|
|
Assets |
|
|
|
|
|
Current assets
|
29,209,388 |
|
15,393,548 |
|
2,389,041 |
Restricted cash |
2,332,145 |
|
829,652 |
|
128,760 |
Short-term deposits |
979,897 |
|
23,201,524 |
|
3,600,820 |
Short-term investments |
2,820,711 |
|
3,393,298 |
|
526,632 |
Derivative assets-current |
105,183 |
|
5,037 |
|
782 |
Accounts receivable, net |
1,128,892 |
|
2,072,972 |
|
321,720 |
Current portion of finance lease
|
156,069 |
|
573,879 |
|
89,065 |
Inventory |
1,343,025 |
|
2,306,979 |
|
358,038 |
Amounts due from related parties |
682 |
|
22,456 |
|
3,485 |
Prepayments and other current assets |
1,603,286 |
|
2,467,881 |
|
383,005 |
Total current assets |
39,679,278 |
|
50,267,226 |
|
7,801,348 |
|
|
|
|
|
|
|
| Non-current assets |
|
|
|
||
| Property, plant and equipment, net |
3,081,502 |
4,551,409 |
706,368 |
||
| Right-of-use assets |
461,184 |
|
1,250,949 |
|
194,144 |
| Intangible assets, net |
607,781 |
|
856,911 |
|
132,991 |
| Land use rights, net |
249,934 |
|
598,578 |
|
92,898 |
| Finance lease receivables, net |
397,467 |
|
1,333,751 |
|
206,995 |
| Long-term deposits |
— |
|
2,539,886 |
|
394,184 |
| Other non-current assets |
228,633 |
|
152,444 |
|
23,659 |
| Long-term investments |
1,000 |
|
44,830 |
|
6,958 |
|
Total non-current assets |
5,027,501 |
|
11,328,758 |
|
1,758,197 |
|
Total assets |
44,706,779 |
|
61,595,984 |
|
9,559,545 |
| XPENG INC. |
||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) |
||||||
| (All amounts in thousands, except for share and per share data) |
||||||
|
|
31 December, |
As of 30 September, |
30 September, |
|||
|
2020
|
2021
|
2021
|
||||
| Liabilities |
|
|
|
|||
| Current liabilities |
|
|
|
|||
| Short-term borrowings |
127,900 |
57,000 |
8,846 |
|||
| Accounts and notes payable |
5,111,745 |
8,840,669 |
1,372,050 |
|||
| Amount due to a related party |
12,062 |
19,371 |
3,006 |
|||
| Current portion of lease liabilities |
119,565 |
328,604 |
50,999 |
|||
| Current portion of deferred revenue |
163,617 |
223,473 |
34,682 |
|||
| Current portion of long-term borrowings |
45,000 |
— |
— |
|||
| Accruals and other liabilities |
2,256,165 |
3,516,042 |
545,681 |
|||
| Income taxes payable |
1,209 |
— |
— |
|||
|
|
|
|
|
|||
| Total current liabilities |
7,837,263 |
12,985,159 |
2,015,264 |
|||
|
|
|
|
|
|||
| Non-current liabilities |
|
|||||
| Long-term borrowings |
1,645,000 |
1,323,656 |
205,428 |
|||
| Lease liabilities — non current |
352,501 |
922,528 |
143,174 |
|||
| Deferred revenue |
144,767 |
383,089 |
59,454 |
|||
| Other non-current liabilities |
297,439 |
2,067,996 |
320,948 |
|||
|
|
|
|
|
|||
| Total non-current liabilities |
2,439,707 |
4,697,269 |
729,004 |
|||
|
|
|
|
|
|||
| Total liabilities |
10,276,970 |
17,682,428 |
2,744,268 |
|||
|
|
|
|
|
|||
| Shareholder’s equity |
|
|
|
|||
| Class A Ordinary shares |
63 |
87 |
14 |
|||
| Class B Ordinary shares |
26 |
25 |
4 |
|||
| Class C Ordinary shares |
12 |
— |
— |
|||
| Additional paid in capital |
46,482,512 |
59,891,688 |
9,295,044 |
|||
| Accumulated other comprehensive loss |
(730,381) |
(1,079,890) |
(167,596) |
|||
| Accumulated deficit |
(11,322,423) |
(14,898,354) |
(2,312,189) |
|||
|
|
|
|
|
|||
| Total shareholders’ equity |
34,429,809 |
43,913,556 |
6,815,277 |
|||
|
|
|
|
|
|||
| Noncontrolling interests |
— |
— |
— |
|||
|
|
|
|
|
|||
| Total shareholders’ equity |
34,429,809 |
43,913,556 |
6,815,277 |
|||
|
|
|
|
|
|||
|
Total liabilities, mezzanine equity and
|
44,706,779 |
61,595,984 |
9,559,545 |
|||
| XPENG INC. |
||||||||||||
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
|
||||||||||||
| (All amounts in thousands, except for share and per share data) |
||||||||||||
| Three Months Ended |
||||||||||||
| September 30, |
June 30, |
September 30, |
September 30, |
|||||||||
|
|
2020
|
2021
|
2021
|
2021
|
||||||||
| RMB |
RMB |
RMB |
USD |
|||||||||
| Revenues |
|
|
|
|
||||||||
| — Vehicle sales |
1,898,041 |
|
3,584,364 |
|
5,460,063 |
|
847,388 |
|
||||
| — Services and others |
92,078 |
|
176,915 |
|
259,855 |
|
40,329 |
|
||||
| Total revenues |
1,990,119 |
|
3,761,279 |
|
5,719,918 |
|
887,717 |
|
||||
| Cost of sales |
|
|
|
|
||||||||
| — Vehicle sales |
(1,836,756 |
) |
(3,191,489 |
) |
(4,718,809 |
) |
(732,348 |
) |
||||
| — Services and others |
(61,822 |
) |
(121,210 |
) |
(180,285 |
) |
(27,980 |
) |
||||
| Total cost of sales |
(1,898,578 |
) |
(3,312,699 |
) |
(4,899,094 |
) |
(760,328 |
) |
||||
| Gross profit |
91,541 |
|
448,580 |
|
820,824 |
|
127,389 |
|
||||
| Operating expenses |
|
|
|
|
||||||||
| Research and development |
|
|
|
|
||||||||
| expenses |
(635,373 |
) |
(863,524 |
) |
(1,264,240 |
) |
(196,207 |
) |
||||
| Selling, general and administrative |
|
|
|
|
||||||||
| expenses |
(1,203,792 |
) |
(1,030,767 |
) |
(1,538,420 |
) |
(238,759 |
) |
||||
| Total operating expenses |
(1,839,165 |
) |
(1,894,291 |
) |
(2,802,660 |
) |
(434,966 |
) |
||||
| Other income |
3,440 |
|
2,546 |
|
179,196 |
|
27,811 |
|
||||
| Loss from operations |
(1,744,184 |
) |
(1,443,165 |
) |
(1,802,640 |
) |
(279,766 |
) |
||||
| Interest income |
23,216 |
|
150,029 |
|
193,888 |
|
30,091 |
|
||||
| Interest expense |
(3,926 |
) |
(24,006 |
) |
(16,347 |
) |
(2,537 |
) |
||||
| Fair value gain on derivative |
|
|
|
|
||||||||
| liabilities |
620,209 |
|
77,790 |
|
30,190 |
|
4,685 |
|
||||
| Other non-operating (loss)/income, |
||||||||||||
| net |
(44,070 |
) |
44,783 |
|
411 |
|
64 |
|
||||
| Loss before income taxes |
(1,148,755 |
) |
(1,194,569 |
) |
(1,594,498 |
) |
(247,463 |
) |
||||
| Income tax expenses |
(6 |
) |
— |
|
(303 |
) |
(47 |
) |
||||
| Net loss |
(1,148,761 |
) |
(1,194,569 |
) |
(1,594,801 |
) |
(247,510 |
) |
||||
| Accretion on Preferred Shares to |
|
|
|
|
||||||||
| redemption value |
(877,007 |
) |
— |
|
— |
|
— |
|
||||
| Net loss attributable to ordinary |
|
|
|
|
||||||||
| shareholders of XPeng Inc. |
(2,025,768 |
) |
(1,194,569 |
) |
(1,594,801 |
) |
(247,510 |
) |
||||
| XPENG INC. |
||||||||
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
|
||||||||
| (All amounts in thousands, except for share and per share data) |
||||||||
| Three Months Ended |
||||||||
| September 30, |
June 30, |
September 30, |
September 30, |
|||||
|
|
2020
|
2021
|
2021
|
2021
|
||||
|
|
RMB |
RMB |
RMB |
USD |
||||
| Net loss |
(1,148,761) |
(1,194,569) |
(1,594,801) |
(247,510) |
||||
| Other comprehensive loss |
|
|
|
|
||||
| Foreign currency translation |
|
|
|
|
||||
| adjustment, net of nil tax |
(143,220) |
(424,123) |
(26,478) |
(4,109) |
||||
| Total comprehensive loss |
(1,291,981) |
(1,618,692) |
(1,621,279) |
(251,619) |
||||
|
|
|
|
|
|
||||
|
Accretion on Preferred Shares to
|
(877,007) |
— |
— |
— |
||||
|
|
|
|
|
|
||||
|
Comprehensive loss attributable
|
(2,168,988) |
(1,618,692) |
(1,621,279) |
(251,619) |
||||
|
|
|
|||||||
|
Weighted average number
computing net loss per share
|
799,364,696 |
1,592,387,877 |
1,689,885,370 |
1,689,885,370 |
||||
|
Net loss per share attributable to
|
(2.53) |
(0.75) |
(0.94) |
(0.15) |
||||
|
Weighted average number of
|
399,682,348 |
796,193,938 |
844,942,685 |
844,942,685 |
||||
|
Net loss per ADS attributable to
|
|
|
|
|
||||
| Basic and diluted |
(5.07) |
(1.50) |
(1.89) |
(0.29) |
||||
| XPENG INC. |
||||||||||||
| UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS |
||||||||||||
| (All amounts in thousands, except for share and per share data) |
||||||||||||
| Three Months Ended |
||||||||||||
| September 30, |
June 30, |
September 30, |
September 30, |
|||||||||
|
|
2020
|
2021
|
2021
|
2021
|
||||||||
|
|
RMB |
RMB |
RMB |
USD |
||||||||
| Loss from operations |
(1,744,184 |
) |
(1,443,165 |
) |
(1,802,640 |
) |
(279,766 |
) |
||||
| Share-based compensation |
|
|
|
|
||||||||
| expenses |
921,610 |
|
98,153 |
|
102,673 |
|
15,935 |
|
||||
| Non-GAAP loss from operations |
(822,574 |
) |
(1,345,012 |
) |
(1,699,967 |
) |
(263,831 |
) |
||||
| Net loss |
(1,148,761 |
) |
(1,194,569 |
) |
(1,594,801 |
) |
(247,510 |
) |
||||
| Fair value gain of convertible |
|
|
|
|
||||||||
| redeemable preferred shares |
(637,779 |
) |
— |
|
— |
|
— |
|
||||
| Share-based compensation |
|
|
|
|
||||||||
| expenses |
921,610 |
|
98,153 |
|
102,673 |
|
15,935 |
|
||||
| Non-GAAP net loss |
(864,930 |
) |
(1,096,416 |
) |
(1,492,128 |
) |
(231,575 |
) |
||||
| Net loss attributable to ordinary |
|
|
|
|
||||||||
| shareholders |
(2,025,768 |
) |
(1,194,569 |
) |
(1,594,801 |
) |
(247,510 |
) |
||||
| Fair value gain of convertible |
|
|
|
|
||||||||
| redeemable preferred shares |
(637,779 |
) |
— |
|
— |
|
— |
|
||||
| Share-based compensation |
|
|
|
|||||||||
| expenses |
921,610 |
|
98,153 |
|
102,673 |
|
15,935 |
|
||||
| Accretion on Preferred Shares to |
|
|
|
|||||||||
| redemption value |
877,007 |
|
— |
|
— |
|
— |
|
||||
| Non-GAAP net loss attributable |
|
|
|
|
||||||||
| to ordinary shareholders of |
|
|
|
|
||||||||
| XPeng Inc. |
(864,930 |
) |
(1,096,416 |
) |
(1,492,128 |
) |
(231,575 |
) |
||||
|
Weighted average number
calculating Non-GAAP net loss
|
799,364,696 |
|
1,592,387,877 |
|
1,689,885,370 |
|
1,689,885,370 |
|
||||
|
Non-GAAP net loss per ordinary
|
(1.08 |
) |
(0.69 |
) |
(0.88 |
) |
(0.14 |
) |
||||
|
Weighted average number of
|
399,682,348 |
|
796,193,938 |
|
844,942,685 |
|
844,942,685 |
|
||||
|
Non-GAAP net loss per ADS
|
(2.16 |
) |
(1.38 |
) |
(1.77 |
) |
(0.27 |
) |
||||
