Company research
XPENG INC.
CIK 1810997Updated Sep 26, 2026
SecuritiesXPNGF · OTC · equityXPEV · NYSE · adr
XPNGF price & chart
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Financials
FY 2025 · CNYSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsCNY | 103,162,630,000Source | 82,706,105,000Source | 84,162,541,000Source | 71,491,006,000Source |
| Property, Plant and Equipment, NetCNY | 13,527,237,000Source | 11,521,863,000Source | 10,954,485,000Source | 10,606,745,000Source |
| GoodwillCNY | 34,106,000Source | 34,106,000Source | 34,106,000Source | — |
| Intangible Assets, Net (Excluding Goodwill)CNY | 4,253,168,000Source | 4,610,469,000Source | 4,948,992,000Source | 1,042,972,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueCNY | 17,329,612,000Source | 18,586,274,000Source | 21,127,163,000Source | 14,607,774,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentCNY | 1,996,917,000Source | 2,449,629,000Source | 2,716,216,000Source | 3,872,846,000Source |
| Inventory, NetCNY | 10,380,668,000Source | 5,562,922,000Source | 5,526,212,000Source | 4,521,373,000Source |
| Assets, CurrentCNY | 63,253,827,000Source | 49,736,069,000Source | 54,521,629,000Source | 43,527,421,000Source |
| Prepaid Expense and Other Assets, CurrentCNY | 5,296,673,000Source | 3,135,312,000Source | 2,489,339,000Source | 2,466,084,000Source |
| Operating Lease, Right-of-Use AssetCNY | 3,730,921,000Source | 1,261,663,000Source | 1,455,865,000Source | 1,954,618,000Source |
| Other Assets, NoncurrentCNY | 429,644,000Source | 443,283,000Source | 576,150,000Source | 201,271,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesCNY | 72,794,040,000Source | 51,431,317,000Source | 47,834,014,000Source | 34,580,341,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalCNY | 71,236,011,000Source | 70,671,685,000Source | 70,198,031,000Source | 60,691,019,000Source |
| Retained Earnings (Accumulated Deficit)CNY | -42,767,710,000Source | -41,585,549,000Source | -35,760,301,000Source | -25,330,916,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxCNY | 1,762,443,000Source | 2,093,508,000Source | 1,830,638,000Source | 1,544,024,000Source |
| Stockholders' Equity Attributable to ParentCNY | 30,368,590,000Source | 31,274,788,000Source | 36,328,527,000Source | 36,910,665,000Source |
| Liabilities and EquityCNY | 103,162,630,000Source | 82,706,105,000Source | 84,162,541,000Source | 71,491,006,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentCNY | 58,113,349,000Source | 39,864,883,000Source | 36,111,562,000Source | 24,114,853,000Source |
| Operating Lease, Liability, CurrentCNY | 445,901,000Source | 324,496,000Source | 365,999,000Source | 490,811,000Source |
| Accounts Payable, CurrentCNY | 18,001,675,000Source | 23,080,481,000Source | 22,210,431,000Source | 14,222,856,000Source |
| Operating Lease, Liability, NoncurrentCNY | 4,246,599,000Source | 1,345,852,000Source | 1,490,882,000Source | 1,854,576,000Source |
| Deferred Income Tax Liabilities, NetCNY | 330,353,000Source | 341,932,000Source | 404,018,000Source | — |
| Other Liabilities, NoncurrentCNY | 1,568,284,000Source | 2,445,776,000Source | 2,336,654,000Source | 2,506,106,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentCNY | 12,538,698,000Source | 8,650,636,000Source | 7,580,195,000Source | 5,583,829,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsCNY | 17,329,612,000Source | 18,586,274,000Source | 21,127,163,000Source | 14,607,774,000Source |
| Deferred Revenue, CurrentCNY | 1,463,065,000Source | 1,275,716,000Source | 630,997,000Source | 389,243,000Source |
| Deferred Revenue, NoncurrentCNY | 1,206,014,000Source | 822,719,000Source | 668,946,000Source | 694,006,000Source |
| Dividends PayableCNY | 0Source | 0Source | 0Source | 0Source |
| Long-term Debt, Current MaturitiesCNY | 1,837,950,000Source | 1,858,613,000Source | 1,363,835,000Source | 761,859,000Source |
| Long-term Debt, Excluding Current MaturitiesCNY | 6,588,865,000Source | 5,664,518,000Source | 5,650,782,000Source | 4,613,057,000Source |
| Short-term InvestmentsCNY | 3,217,293,000Source | 751,290,000Source | 781,216,000Source | 1,262,129,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseCNY | 564,327,000Source | 473,655,000Source | 550,535,000Source | 710,486,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableCNY | -386,507,000Source | -246,259,000Source | -1,138,408,000Source | 1,210,721,000Source |
| Increase (Decrease) in InventoriesCNY | 5,772,107,000Source | 1,060,210,000Source | 2,358,763,000Source | 2,475,785,000Source |
| Increase (Decrease) in Accounts PayableCNY | — | 870,050,000Source | 7,955,933,000Source | 1,860,670,000Source |
| Deferred Income Tax Expense (Benefit)CNY | -19,783,000Source | -92,077,000Source | 18,796,000Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesCNY | 8,258,529,000Source | -2,012,343,000Source | 956,164,000Source | -8,232,376,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesCNY | -7,334,482,000Source | -1,255,099,000Source | 631,168,000Source | 4,845,966,000Source |
| Payments to Acquire Property, Plant, and EquipmentCNY | 3,155,865,000Source | 2,226,111,000Source | 2,096,326,000Source | 4,275,838,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesCNY | 514,760,000Source | 669,321,000Source | 8,015,247,000Source | 6,003,835,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectCNY | 1,661,439,000Source | -2,562,385,000Source | 9,588,003,000Source | 3,079,165,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsCNY | 23,401,103,000Source | 21,739,664,000Source | 24,302,049,000Source | 14,714,046,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesCNY | 503,740,000Source | 465,031,000Source | 306,656,000Source | 162,470,000Source |
| Income Taxes Paid, NetCNY | 17,259,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseCNY | 416,238,000Source | 473,655,000Source | 550,535,000Source | 710,486,000Source |
| Amortization of Intangible AssetsCNY | 567,390,000Source | 537,669,000Source | 230,501,000Source | 65,714,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsCNY | 17,329,612,000Source | 18,586,274,000Source | 21,127,163,000Source | 14,607,774,000Source |
| DepreciationCNY | 1,804,658,000Source | 1,571,754,000Source | 1,645,760,000Source | 915,481,000Source |
| Dividends PayableCNY | 0Source | 0Source | 0Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | 285,998,000Source | -49,543,000Source | 97,080,000Source | -1,460,151,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxCNY | 0Source | 0Source | -410,417,000Source | 59,357,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyCNY | -25,967,000Source | -21,787,000Source | -4,863,000Source | -15,682,000Source |
| Gain (Loss) on Disposition of Intangible AssetsCNY | -651,000Source | -74,000Source | -409,000Source | — |
| General and Administrative ExpenseCNY | 2,010,347,000Source | 1,339,045,000Source | 1,545,208,000Source | 1,659,288,000Source |
| GoodwillCNY | 34,106,000Source | 34,106,000Source | 34,106,000Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)CNY | 885,000Source | 0Source | 8,712,000Source | 26,418,000Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)CNY | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsCNY | 30,928,000Source | -29,069,000Source | 54,740,000Source | 4,117,000Source |
| Income Tax Expense (Benefit)CNY | 13,585,000Source | -69,780,000Source | 36,810,000Source | 24,731,000Source |
| Inventory Write-downCNY | 555,368,000Source | 943,734,000Source | 1,054,711,000Source | 220,319,000Source |
| Investment Income, InterestCNY | 1,163,210,000Source | 1,374,525,000Source | 1,260,162,000Source | 1,058,771,000Source |
| Net Income (Loss) Attributable to ParentCNY | -1,139,460,000Source | -5,790,264,000Source | -10,375,775,000Source | -9,138,972,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | -1,139,460,000Source | -5,790,264,000Source | -10,375,775,000Source | -9,138,972,000Source |
| Operating ExpensesCNY | 17,244,321,000Source | 13,327,378,000Source | 11,835,516,000Source | 11,903,082,000Source |
| Operating Lease, ExpenseCNY | 0Source | 0Source | 40,205,000Source | 22,846,000Source |
| Other Nonoperating Income (Expense)CNY | 44,789,000Source | 108,154,000Source | 41,934,000Source | 36,318,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueCNY | 76,719,742,000Source | 40,866,309,000Source | 30,676,067,000Source | 26,855,119,000Source |
| Cost of RevenueCNY | 62,246,823,000Source | 35,020,541,000Source | 30,224,912,000Source | 23,766,728,000Source |
| Selling, General and Administrative ExpenseCNY | 9,398,456,000Source | 6,870,644,000Source | 6,558,942,000Source | 6,688,246,000Source |
| Operating Income (Loss)CNY | -2,771,402,000Source | -6,658,138,000Source | -10,889,434,000Source | -8,705,523,000Source |
| Other Nonoperating Income (Expense)CNY | 44,789,000Source | 108,154,000Source | 41,934,000Source | 36,318,000Source |
| Income Tax Expense (Benefit)CNY | 13,585,000Source | -69,780,000Source | 36,810,000Source | 24,731,000Source |
| Net Income (Loss) Attributable to ParentCNY | -1,139,460,000Source | -5,790,264,000Source | -10,375,775,000Source | -9,138,972,000Source |
| Earnings Per Share, BasicCNY/shares | -0.6Source | 3.06Source | -5.96Source | -5.34Source |
| Earnings Per Share, DilutedCNY/shares | -0.6Source | 3.06Source | -5.96Source | -5.34Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,903,989,310Source | 1,891,357,212Source | 1,740,921,519Source | 1,712,533,564Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,903,989,310Source | 1,891,357,212Source | 1,740,921,519Source | 1,712,533,564Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCNY | 567,390,000Source | 537,669,000Source | 230,501,000Source | 65,714,000Source |
| Current Income Tax Expense (Benefit)CNY | 33,368,000Source | 22,297,000Source | 18,014,000Source | 24,731,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | 285,998,000Source | -49,543,000Source | 97,080,000Source | -1,460,151,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxCNY | 0Source | 0Source | -410,417,000Source | 59,357,000Source |
| General and Administrative ExpenseCNY | 2,010,347,000Source | 1,339,045,000Source | 1,545,208,000Source | 1,659,288,000Source |
| Gross ProfitCNY | 14,472,919,000Source | 5,845,768,000Source | 451,155,000Source | 3,088,391,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticCNY | -1,499,539,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsCNY | 30,928,000Source | -29,069,000Source | 54,740,000Source | 4,117,000Source |
| Interest ExpenseCNY | 379,931,000Source | 343,982,000Source | 268,666,000Source | 132,192,000Source |
| Investment Income, InterestCNY | 1,163,210,000Source | 1,374,525,000Source | 1,260,162,000Source | 1,058,771,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | -1,139,460,000Source | -5,790,264,000Source | -10,375,775,000Source | -9,138,972,000Source |
| Operating ExpensesCNY | 17,244,321,000Source | 13,327,378,000Source | 11,835,516,000Source | 11,903,082,000Source |
| Operating Lease, ExpenseCNY | 0Source | 0Source | 40,205,000Source | 22,846,000Source |
| Research and Development ExpenseCNY | 9,489,979,000Source | 6,456,734,000Source | 5,276,574,000Source | 5,214,836,000Source |
| Selling and Marketing ExpenseCNY | 7,388,109,000Source | 5,531,599,000Source | 5,013,734,000Source | 5,028,958,000Source |