Understanding the Market | XPENG-W opened over 9% higher, He Xiaopeng invested approximately 250 million to increase his shareholding, and the company's second-quarter performance exceeded market expectations
XPENG-W opened more than 9% higher, and as of the time of writing, it has risen by 9.33%, trading at HKD 88.45. The company's co-founder He Xiaopeng increased his stake by 3.1 million shares through his wholly-owned Galaxy Dynasty Limited, costing approximately HKD 250 million, bringing his ownership percentage to 18.9%. The net loss in the second quarter decreased by 62.8% year-on-year, while revenue increased by 125.3% year-on-year to CNY 18.27 billion, with expected deliveries in the third quarter ranging from 113,000 to 118,000 vehicles
According to Zhitong Finance APP, XPeng-W (09868) opened more than 9% higher, and as of the time of writing, it rose 9.33% to HKD 88.45, with a transaction volume of HKD 102 million.
In terms of news, XPeng announced that from August 20 to 21, the company's co-founder, executive director, chairman, CEO, and controlling shareholder He Xiaopeng purchased 3.1 million Class A ordinary shares in the open market through his wholly-owned Galaxy Dynasty Limited, at an average price of HKD 80.49 per share, with a total expenditure of approximately HKD 250 million. After this increase, He Xiaopeng and his affiliates collectively own about 18.9% of the company's shares. This marks He Xiaopeng's second increase in company shares after a year.
It is worth noting that XPeng's second-quarter report shows that the company's net loss during the period decreased by 62.8% year-on-year to HKD 480 million, and decreased by 28.1% quarter-on-quarter, with the loss situation significantly narrowing for two consecutive quarters. Driven by quarterly deliveries exceeding 100,000 units for the first time, the company's revenue during the period increased by 125.3% year-on-year to HKD 18.27 billion, setting a historical high, and the automotive gross margin has improved for eight consecutive quarters. With the successive release of new models, the company expects third-quarter deliveries to be between 113,000 and 118,000 units, corresponding to a revenue guidance of HKD 19.6 billion to HKD 21 billion
