XPENG-W(09868.HK): 2026 Q1 Report - Profit Attributable to Shareholders stood at loss of CNY 1.78 billion, loss widened by 168.67% YoY

May 28, 2026, XPENG-W(09868.HK) released its Q1 Report for the period ended December 31, 2026, Total Revenue stood at CNY 13.03 billion, decreased by 17.56% YoY; Net Profit stood at loss of CNY 1.78 billion, loss widened by 168.67% YoY; Profit Attributable to Shareholders stood at loss of CNY 1.78 billion, loss widened by 168.67% YoY; Basic Earnings Per Share (EPS) stood at loss of CNY 0.93.
In terms of profitability, XPENG-W Gross Profit changed from CNY 2.46 billion in the same period last year to CNY 2.68 billion in the current period, increased by CNY 223.06 million; gross profit margin changed from 15.56% in the same period last year to 20.58% in the current period, increased by 5.03 percentage points; net profit changed from loss of CNY 664.05 million in the same period last year to loss of CNY 1.78 billion in the current period, decreased by CNY 1.12 billion; net profit margin changed from -4.2% in the same period last year to -13.69% in the current period, decreased by 9.49 percentage points.
In terms of earnings quality, XPENG-W Operating Profit changed from loss of CNY 1.04 billion in the same period last year to loss of CNY 1.87 billion in the current period, decreased by CNY 833.03 million; Operating Profit Margin changed from -6.59% in the same period last year to -14.38% in the current period, decreased by 7.79 percentage points.
In terms of financial soundness, XPENG-W Debt-to-Asset Ratio changed from 65.46% in the same period last year to 71.77% in the current period, increased by 6.31 percentage points; Total Equity changed from CNY 30.705 billion in the same period last year to CNY 28.46 billion in the current period, decreased by CNY 2.25 billion; Current Liabilities changed from CNY 42.93 billion in the same period last year to CNY 53.33 billion in the current period, increased by CNY 10.41 billion; Quick Ratio changed from 1.07 in the same period last year to 0.89 in the current period, decreased by 0.18 percentage points.
In terms of R&D investment focus, XPENG-W R&D Expenses changed from CNY 1.98 billion in the same period last year to CNY 2.91 billion in the current period, increased by CNY 926.27 million; R&D to Total Revenue Ratio changed from 12.53% in the same period last year to 22.3% in the current period, increased by 9.77 percentage points.
By the close of trading on May 28, 2026, XPENG-W(09868) saw a gain of 5.57% in its share price, closing at HKD 66.35. During the session, it reached an intraday high of HKD 68. The full-day turnover stood at HKD 2 billion, with the latest market capitalization at HKD 127.02 billion.

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