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1、XPENG Reports First Quarter 2024 Unaudited Financial Results5月 21,2024Cash and cash equivalents,restricted cash,short-term investments and time deposits were RMB41.40 billion(US$5.73billion)as of March 31,2024Quarterly total revenues were RMB6.55 billion,a 49.8%decrease quarter-over-quarterQuarterly

2、 gross margin was 12.9%,an increase of 6.7 percentage points quarter-over-quarterGUANGZHOU,China,May 21,2024(GLOBE NEWSWIRE)-XPeng Inc.(“XPENG”or the“Company,”NYSE:XPEV and HKEX:9868),a leadingChinese smart electric vehicle(“Smart EV”)company,today announced its unaudited financial results for the t

3、hree months ended March 31,2024.Operational and Financial Highlights for the Three Months Ended March 31,2024 2024Q12023Q42023Q32023Q22023Q12022Q4Total deliveries21,82160,15840,00823,20518,23022,204 Total deliveries of vehicles were 21,821 for the first quarter of 2024,representing an increase of 19

4、.7%from 18,230 inthe corresponding period of 2023.XPENGs physical sales network had a total of 574 stores,covering 178 cities as of March 31,2024.XPENG self-operated charging station network reached 1,171 stations,including 359 XPENG S4 ultra-fast chargingstation as of March 31,2024.Total revenues w

5、ere RMB6.55 billion(US$0.91 billion)for the first quarter of 2024,representing an increase of 62.3%from the same period of 2023,and a decrease of 49.8%from the fourth quarter of 2023.Revenues from vehicle sales were RMB5.54 billion(US$0.77 billion)for the first quarter of 2024,representing anincreas

6、e of 57.8%from the same period of 2023,and a decrease of 54.7%from the fourth quarter of 2023.Gross margin was 12.9%for the first quarter of 2024,compared with 1.7%for the same period of 2023 and 6.2%for thefourth quarter of 2023.Vehicle margin,which is gross profit or loss of vehicle sales as a per

7、centage of vehicle sales revenue,was 5.5%for thefirst quarter of 2024,compared with negative 2.5%for the same period of 2023 and 4.1%for the fourth quarter of 2023.Net loss was RMB1.37 billion(US$0.19 billion)for the first quarter of 2024,compared with RMB2.34 billion for the sameperiod of 2023 and

8、RMB1.35 billion for the fourth quarter of 2023.Excluding share-based compensation expenses,fairvalue gain on derivative liability and fair value gain on derivative liability relating to the contingent consideration,non-GAAP net loss was RMB1.41 billion(US$0.20 billion)for the first quarter of 2024,c

9、ompared with RMB2.21 billion forthe same period of 2023 and RMB1.77 billion for the fourth quarter of 2023.Net loss attributable to ordinary shareholders of XPENG was RMB1.37 billion(US$0.19 billion)for the first quarter of2024,compared with RMB2.34 billion for the same period of 2023 and RMB1.35 bi

10、llion for the fourth quarter of 2023.Excluding share-based compensation expenses,fair value gain on derivative liability and fair value gain on derivativeliability relating to the contingent consideration,non-GAAP net loss attributable to ordinary shareholders of XPENGwas RMB1.41 billion(US$0.20 bil

11、lion)for the first quarter of 2024,compared with RMB2.21 billion for the same period of2023 and RMB1.77 billion for the fourth quarter of 2023.Basic and diluted net loss per American depositary share(ADS)were both RMB1.45(US$0.20)and basic anddiluted net loss per ordinary share were both RMB0.73(US$

12、0.10)for the first quarter of 2024.Each ADS representstwo Class A ordinary shares.Non-GAAP basic and diluted net loss per ADS were both RMB1.49(US$0.21)and non-GAAP basic and diluted netloss per ordinary share were both RMB0.75(US$0.10)for the first quarter of 2024.Cash and cash equivalents,restrict

13、ed cash,short-term investments and time deposits were RMB41.40 billion(US$5.73 billion)as of March 31,2024,compared with RMB45.70 billion as of December 31,2023.Time deposits includerestricted short-term deposits,short-term deposits,restricted long-term deposits,current portion and non-current porti

14、on oflong-term deposits.Key Financial Results(in RMB billions,except for percentage)For the Three Months Ended%Changei March 31,December 31,March 31,202420232023YoYQoQ Vehicle sales5.5412.233.5157.8%-54.7%Vehicle margin5.5%4.1%-2.5%8.0pts1.4ptsTotal revenues6.5513.054.0362.3%-49.8%Gross profit0.840.

15、810.071,158.7%4.2%Gross margin12.9%6.2%1.7%11.2pts6.7ptsNet loss1.371.352.34-41.5%1.5%Non-GAAP net loss1.411.772.21-36.3%-20.5%Net loss attributable to ordinary shareholders1.371.352.34-41.5%1.5%Non-GAAP net loss attributable to ordinaryshareholders1.411.772.21-36.3%-20.5%Comprehensive loss attribut

16、able to ordinaryshareholders1.341.572.58-48.0%-14.6%_i Except for vehicle margin and gross margin,where absolute changes instead of percentage changes are presentedManagement Commentary“XPENG took the lead in the mass production and application of AI-based large models within the China automobile in

17、dustry.We are confident that wecan launch competitive models globally in a more efficient manner and thus spearhead the widespread adoption of AI-powered smart cars,”said Mr.Xiaopeng He,Chairman and CEO of XPENG.“Through our strategic partnership with the Volkswagen Group,XPENG is at the forefront o

18、f monetizingin-house developed smart technologies as a technology enabler.Our industry-leading technologies are expected to gain greater market influence andyield better financial returns.”“Despite fierce market competition,the Companys gross profit margin saw a substantial increase to 12.9%in the f

19、irst quarter of 2024,”said Dr.HongdiBrian Gu,Honorary Vice Chairman and Co-President of XPENG.“This signifies that XPENG,based on its smart EV business,has developed a uniqueapproach to lift its profitability and international market potential by providing smart technologies.”Recent DevelopmentsDeli

20、veries in April 2024Total deliveries were 9,393 vehicles in April 2024.As of April 30,2024,year-to-date total deliveries were 31,214 vehicles.Entry into the Framework Agreement on E/E Architecture Technical Collaboration with the Volkswagen GroupOn April 17,2024,XPENG and the Volkswagen Group announ

21、ced entry into a framework agreement on technical collaboration with respect toElectrical/Electronic architecture(“E/E Architecture”).For details,please refer to the announcement of the Company dated April 17,2024.OTA release of XOS 5.1.0On May 20,2024,XPENG released its XOS 5.1.0 to XPENG users via

22、 the Over-the-Air(“OTA”)update.The XOS 5.1.0 integrated AI-powered smartcabin functions and XNGP ADAS technologies,including AI Valet Driver and XPlanner with neural network-based planning and control large model.Unaudited Financial Results for the Three Months Ended March 31,2024Total revenues were

23、 RMB6.55 billion(US$0.91 billion)for the first quarter of 2024,representing an increase of 62.3%from RMB4.03 billion for thesame period of 2023 and a decrease of 49.8%from RMB13.05 billion for the fourth quarter of 2023.Revenues from vehicle sales were RMB5.54 billion(US$0.77 billion)for the first q

24、uarter of 2024,representing an increase of 57.8%from RMB3.51billion for the same period of 2023,and a decrease of 54.7%from RMB12.23 billion for the fourth quarter of 2023.The year-over-year increase wasmainly attributable to higher deliveries,particularly the model X9 in the first quarter of 2024.T

25、he quarter-over-quarter decrease was mainly attributableto lower deliveries of the G6 and the 2024 G9,compounded by seasonal impact,partially offset by contribution of the X9.Revenues from services and others were RMB1.00 billion(US$0.14 billion)for the first quarter of 2024,representing an increase

26、 of 93.1%fromRMB0.52 billion for the same period of 2023 and an increase of 22.1%from RMB0.82 billion for the fourth quarter of 2023.The year-over-year andquarter-over-quarter increases were mainly attributable to the revenue from technical research and development service recorded in the first quar

27、ter of2024,which is related to the platform and software strategic technical collaboration with the Volkswagen Group.Cost of sales was RMB5.70 billion(US$0.79 billion)for the first quarter of 2024,representing an increase of 43.8%from RMB3.97 billion for the sameperiod of 2023 and a decrease of 53.4

28、%from RMB12.24 billion for the fourth quarter of 2023.The year-over-year increase and quarter-over-quarterdecrease were mainly in line with vehicle deliveries as described above,respectively.Gross margin was 12.9%for the first quarter of 2024,compared with 1.7%for the same period of 2023 and 6.2%for

29、 the fourth quarter of 2023.Vehicle margin was 5.5%for the first quarter of 2024,compared with negative 2.5%for the same period of 2023 and 4.1%for the fourth quarter of2023.The year-over-year and quarter-over-quarter increases were primarily attributable to the cost reduction and the improvement in

30、 product mix ofmodels,partially offset by the inventory provision and losses on purchase commitment related to the model P5,with a negative impact of 3.2percentage points on vehicle margin for this quarter,as management lowered the P5s forecasted sales due to expected stronger market demands forupco

31、ming new vehicle models.Services and others margin was 53.9%for the first quarter of 2024,compared with 29.6%for the same period of 2023 and 38.2%for the fourthquarter of 2023.The year-over-year and quarter-over-quarter increases were primarily attributable to the higher gross margin from the aforem

32、entionedrevenue from technical research and development service.Research and development expenses were RMB1.35 billion(US$0.19 billion)for the first quarter of 2024,representing an increase of 4.2%fromRMB1.30 billion for the same period of 2023 and an increase of 3.3%from RMB1.31 billion for the fou

33、rth quarter of 2023.The year-over-year andquarter-over-quarter increases were mainly in line with timing and progress of new vehicle programs.Selling,general and administrative expenses were RMB1.39 billion(US$0.19 billion)for the first quarter of 2024,representing an increase of 0.1%from RMB1.39 bi

34、llion for the same period of 2023 and a decrease of 28.3%from RMB1.94 billion for the fourth quarter of 2023.The quarter-over-quarter decrease was mainly due to lower commission to the franchised stores and lower marketing,promotional and advertising expenses.Other income,net was RMB0.07 billion(US$

35、0.01 billion)for the first quarter of 2024,representing an increase of 146.3%from RMB0.03 billion for thesame period of 2023 and a decrease of 79.0%from RMB0.35 billion for the fourth quarter of 2023.The quarter-over-quarter decrease was primarilyattributable to the decrease of government subsidies.

36、Fair value gain on derivative liability relating to the contingent consideration was RMB0.18 billion(US$0.02 billion)for the first quarter of 2024,compared with RMB0.03 billion for the fourth quarter of 2023.This non-cash gain resulted from the fair value change of the contingent considerationrelate

37、d to the acquisition of DiDis smart auto business.Loss from operations was RMB1.65 billion(US$0.23 billion)for the first quarter of 2024,compared with RMB2.59 billion for the same period of 2023and RMB2.05 billion for the fourth quarter of 2023.Non-GAAP loss from operations,which excludes share-base

38、d compensation expenses and fair value gain on derivative liability relating to thecontingent consideration,was RMB1.69 billion(US$0.23 billion)for the first quarter of 2024,compared with RMB2.46 billion for the same period of2023 and RMB1.92 billion for the fourth quarter of 2023.Net loss was RMB1.

39、37 billion(US$0.19 billion)for the first quarter of 2024,compared with RMB2.34 billion for the same period of 2023 and RMB1.35billion for the fourth quarter of 2023.Non-GAAP net loss,which excludes share-based compensation expenses,fair value gain on derivative liability and fair value gain on deriv

40、ativeliability relating to the contingent consideration,was RMB1.41 billion(US$0.20 billion)for the first quarter of 2024,compared with RMB2.21 billion forthe same period of 2023 and RMB1.77 billion for the fourth quarter of 2023.Net loss attributable to ordinary shareholders of XPENG was RMB1.37 bi

41、llion(US$0.19 billion)for the first quarter of 2024,compared withRMB2.34 billion for the same period of 2023 and RMB1.35 billion for the fourth quarter of 2023.Non-GAAP net loss attributable to ordinary shareholders of XPENG,which excludes share-based compensation expenses,fair value gain onderivati

42、ve liability and fair value gain on derivative liability relating to the contingent consideration,was RMB1.41 billion(US$0.20 billion)for the firstquarter of 2024,compared with RMB2.21 billion for the same period of 2023 and RMB1.77 billion for the fourth quarter of 2023.Basic and diluted net loss p

43、er ADS were both RMB1.45(US$0.20)for the first quarter of 2024,compared with RMB2.71 for the first quarter of 2023and RMB1.51 for the fourth quarter of 2023.Non-GAAP basic and diluted net loss per ADS were both RMB1.49(US$0.21)for the first quarter of 2024,compared with RMB2.57 for the firstquarter

44、of 2023 and RMB1.98 for the fourth quarter of 2023.Balance SheetsAs of March 31,2024,the Company had cash and cash equivalents,restricted cash,short-term investments and time deposits of RMB41.40 billion(US$5.73 billion),compared with RMB34.12 billion as of March 31,2023 and RMB45.70 billion as of D

45、ecember 31,2023.Business OutlookFor the second quarter of 2024,the Company expects:Deliveries of vehicles to be between 29,000 and 32,000,representing a year-over-year increase of approximately 25.0%to 37.9%.Total revenues to be between RMB7.5 billion and RMB8.3 billion,representing a year-over-year

46、 increase of approximately48.1%to 63.9%.The above outlook is based on the current market conditions and reflects the Companys preliminary estimates of market and operating conditions,and customer demand,which are all subject to change.Conference CallThe Companys management will host an earnings conf

47、erence call at 8:00 AM U.S.Eastern Time on May 21,2024(8:00 PM Beijing/Hong Kong Timeon May 21,2024).For participants who wish to join the call by phone,please access the link provided below to complete the pre-registration process and dial in 5minutes prior to the scheduled call start time.Upon reg

48、istration,each participant will receive dial-in details to join the conference call.Event Title:XPENG First Quarter 2024 Earnings Conference CallPre-registration link:https:/s1.c- Additionally,a live and archived webcast of the conference call will be available on the Companys investor relations web

49、site at http:/.A replay of the conference call will be accessible approximately an hour after the conclusion of the call until May 28,2024,by dialing the followingtelephone numbers:United States:+1-855-883-1031International:+61-7-3107-6325Hong Kong,China:800-930-639Mainland China:400-120-9216Replay

50、Access Code:10038698About XPENGXPENG is a leading Chinese Smart EV company that designs,develops,manufactures,and markets Smart EVs that appeal to the large and growingbase of technology-savvy middle-class consumers.Its mission is to drive Smart EV transformation with technology,shaping the mobility

51、 experience ofthe future.In order to optimize its customers mobility experience,XPENG develops in-house its full-stack advanced driver-assistance systemtechnology and in-car intelligent operating system,as well as core vehicle systems including powertrain and the electrical/electronic architecture.X

52、PENG is headquartered in Guangzhou,China,with main offices in Beijing,Shanghai,Silicon Valley,San Diego and Amsterdam.The CompanysSmart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou,Guangdong province.For more information,please visithttps:/ of Non-GAAP Financial MeasuresThe Co

53、mpany uses non-GAAP measures,such as non-GAAP loss from operations,non-GAAP net loss,non-GAAP net loss attributable to ordinaryshareholders,non-GAAP basic loss per weighted average number of ordinary shares and non-GAAP basic loss per ADS,in evaluating its operatingresults and for financial and oper

54、ational decision-making purposes.By excluding the impact of share-based compensation expenses,fair value gain(loss)on derivative liability and fair value gain on derivative liability relating to the contingent consideration,the Company believes that the non-GAAPfinancial measures help identify under

55、lying trends in its business and enhance the overall understanding of the Companys past performance andfuture prospects.The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by theCompanys management in its financial and operatio

56、nal decision-making.The non-GAAP financial measures are not presented in accordance withU.S.GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies.The non-GAAP financial measureshave limitations as analytical tools and when assessing the Companys operatin

57、g performance,investors should not consider them in isolation,or as asubstitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S.GAAP.The Companyencourages investors and others to review its financial information in its entirety and not rely on

58、 a single financial measure.The Company mitigatesthese limitations by reconciling the non-GAAP financial measures to the most comparable U.S.GAAP performance measures,all of which should beconsidered when evaluating the Companys performance.For more information on the non-GAAP financial measures,ple

59、ase see the table captioned“Unaudited Reconciliations of GAAP and non-GAAPResults”set forth in this announcement.Exchange Rate InformationThis announcement contains translations of certain RMB amounts into U.S.dollars at a specified rate solely for the convenience of the reader.Unlessotherwise noted

60、,all translations from RMB to U.S.dollars and from U.S.dollars to RMB are made at a rate of RMB7.2203 to US$1.00,the exchangerate on March 29,2024,set forth in the H.10 statistical release of the Federal Reserve Board.The Company makes no representation that the RMB orU.S.dollars amounts referred co

61、uld be converted into U.S.dollars or RMB,as the case may be,at any particular rate or at all.Safe Harbor StatementThis announcement contains forward-looking statements.These statements are made under the“safe harbor”provisions of the United States PrivateSecurities Litigation Reform Act of 1995.Thes

62、e forward-looking statements can be identified by terminology such as“will,”“expects,”“anticipates,”“future,”“intends,”“plans,”“believes,”“estimates”and similar statements.Statements that are not historical facts,including statements about XPENGsbeliefs and expectations,are forward-looking statement

63、s.Forward-looking statements involve inherent risks and uncertainties.A number of factorscould cause actual results to differ materially from those contained in any forward-looking statement,including but not limited to the following:XPENGs goal and strategies;XPENGs expansion plans;XPENGs future bu

64、siness development,financial condition and results of operations;thetrends in,and size of,Chinas EV market;XPENGs expectations regarding demand for,and market acceptance of,its products and services;XPENGs expectations regarding its relationships with customers,suppliers,third-party service provider

65、s,strategic partners and other stakeholders;general economic and business conditions;and assumptions underlying or related to any of the foregoing.Further information regarding these andother risks is included in XPENGs filings with the United States Securities and Exchange Commission.All informatio

66、n provided in this announcementis as of the date of this announcement,and XPENG does not undertake any obligation to update any forward-looking statement,except as requiredunder applicable law.For Investor EnquiriesIR DepartmentXPeng Inc.E-mail:Jenny CaiPiacente Financial CommunicationsTel:+1-212-48

67、1-2050 or+86-10-6508-0677E-mail:xpengtpg-For Media EnquiriesPR DepartmentXPeng Inc.E-mail:Source:XPeng Inc.XPENG INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(All amounts in thousands,except for ADS/ordinary share and per ADS/ordinary share data)December 31,2023 March 31,2024 March 31,2024 RMB

68、 RMB US$ASSETS Current assets Cash and cash equivalents 21,127,163 14,543,226 2,014,214Restricted cash 3,174,886 3,059,545 423,742Short-term deposits 9,756,979 11,640,303 1,612,163Restricted short-term deposits-450,863 62,444Short-term investments 781,216 684,038 94,738Long-term deposits,current por

69、tion 7,054,915 6,755,728 935,658Accounts and notes receivable,net 2,716,216 2,027,706 280,834Installment payment receivables,net,current portion 1,881,755 1,966,401 272,343Inventory 5,526,212 6,140,623 850,466Amounts due from related parties 12,948 20,879 2,892Prepayments and other current assets 2,

70、489,339 2,988,260 413,867Total current assets 54,521,629 50,277,572 6,963,361Non-current assets Long-term deposits 3,035,426 3,495,221 484,083Restricted long-term deposits 767,899 773,675 107,153Property,plant and equipment,net 10,954,485 10,690,749 1,480,652Right-of-use assets,net 1,455,865 1,308,3

71、44 181,204Intangible assets,net 4,948,992 4,832,587 669,306Land use rights,net 2,789,367 2,776,898 384,596Installment payment receivables,net 3,027,795 3,092,606 428,321Long-term investments 2,084,933 2,062,585 285,665Other non-current assets 576,150 585,156 81,043Total non-current assets 29,640,912

72、 29,617,821 4,102,023Total assets 84,162,541 79,895,393 11,065,384 XPENG INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(CONTINUED)(All amounts in thousands,except for ADS/ordinary share and per ADS/ordinary share data)December 31,2023 March 31,2024 March 31,2024 RMB RMB US$LIABILITIES Current l

73、iabilities Short-term borrowings 3,889,100 4,224,200 585,045 Accounts and notes payable 22,210,431 20,024,354 2,773,341 Amounts due to related parties 30,880 -Operating lease liabilities,current portion 365,999 330,770 45,811 Finance lease liabilities,current portion 34,382 34,629 4,796 Deferred rev

74、enue,current portion 630,997 556,077 77,016 Long-term borrowings,current portion 1,363,835 1,958,697 271,276 Accruals and other liabilities 7,580,195 6,359,391 880,765 Income taxes payable 5,743 6,737 933 Total current liabilities 36,111,562 33,494,855 4,638,983 Non-current liabilities Long-term bor

75、rowings 5,650,782 5,432,906 752,449 Operating lease liabilities 1,490,882 1,386,830 192,074 Finance lease liabilities 777,697 787,263 109,035 Deferred revenue 668,946 676,599 93,708 Derivative liability 393,473 224,896 31,148 Deferred tax liabilities 404,018 403,065 55,824 Other non-current liabilit

76、ies 2,336,654 2,366,947 327,818 Total non-current liabilities 11,722,452 11,278,506 1,562,056 Total liabilities 47,834,014 44,773,361 6,201,039 SHAREHOLDERS EQUITY Class A Ordinary shares 103 103 14 Class B Ordinary shares 21 21 3 Additional paid-in capital 70,198,031 70,332,742 9,740,972 Statutory

77、and other reserves 60,035 67,812 9,392 Accumulated deficit(35,760,301)(37,135,968)(5,143,272)Accumulated other comprehensive income 1,830,638 1,857,322 257,236 Total shareholders equity 36,328,527 35,122,032 4,864,345 Total liabilities and shareholders equity 84,162,541 79,895,393 11,065,384 XPENG I

78、NC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(All amounts in thousands,except for ADS/ordinary share and per ADS/ordinary share data)Three Months Ended March 31,December 31,March 31,March 31,2023 2023 2024 2024 RMB RMB RMB US$Revenues Vehicle sales3,513,767 12,228,314 5,544,39

79、6 767,890 Services and others519,653 822,116 1,003,700 139,011 Total revenues4,033,420 13,050,430 6,548,096 906,901 Cost of sales Vehicle sales(3,600,529)(11,732,955)(5,242,040)(726,014)Services and others(365,859)(508,003)(462,303)(64,028)Total cost of sales(3,966,388)(12,240,958)(5,704,343)(790,04

80、2)Gross profit67,032 809,472 843,753 116,859 Operating expenses Research and development expenses(1,295,854)(1,307,745)(1,350,448)(187,035)Selling,general and administrative expenses(1,386,620)(1,936,503)(1,388,447)(192,298)Total operating expenses(2,682,474)(3,244,248)(2,738,895)(379,333)Other inco

81、me,net30,065 352,391 74,040 10,254 Fair value gain on derivative liability relating to the contingent consideration-29,339 175,131 24,255 Loss from operations(2,585,377)(2,053,046)(1,645,971)(227,965)Interest income299,741 342,780 398,645 55,212 Interest expense(62,667)(73,225)(85,121)(11,789)Fair v

82、alue gain on derivative liability-561,415 -Investment gain(loss)on long-term investments8,440 (185,318)(19,456)(2,695)Exchange gain(loss)from foreign currency transactions2,083 46,362 (12,915)(1,789)Other non-operating income,net6,002 27,364 4,092 567 Loss before income tax expenses and share of res

83、ults of equity method investees(2,331,778)(1,333,668)(1,360,726)(188,459)Income tax expenses(6,157)(21,754)(1,060)(147)Share of results of equity method investees977 7,807 (6,104)(845)Net loss(2,336,958)(1,347,615)(1,367,890)(189,451)Net loss attributable to ordinary shareholders of XPeng Inc.(2,336

84、,958)(1,347,615)(1,367,890)(189,451)XPENG INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(CONTINUED)(All amounts in thousands,except for ADS/ordinary share and per ADS/ordinary share data)Three Months Ended March 31,December 31,March 31,March 31,2023 2023 2024 2024 RMB RMB RMB

85、US$Net loss(2,336,958)(1,347,615)(1,367,890)(189,451)Other comprehensive loss Foreign currency translation adjustment,net of tax(243,953)(222,618)26,684 3,696 Total comprehensive loss attributable to XPeng Inc.(2,580,911)(1,570,233)(1,341,206)(185,755)Comprehensive loss attributable to ordinary shar

86、eholders of XPeng Inc.(2,580,911)(1,570,233)(1,341,206)(185,755)Weighted average number of ordinary shares used in computing net lossper ordinary share Basic and diluted1,722,080,453 1,787,655,242 1,885,395,377 1,885,395,377 Net loss per ordinary share attributable to ordinary shareholders Basic and

87、 diluted(1.36)(0.75)(0.73)(0.10)Weighted average number of ADS used in computing net loss per share Basic and diluted861,040,227 893,827,621 942,697,689 942,697,689 Net loss per ADS attributable to ordinary shareholders Basic and diluted(2.71)(1.51)(1.45)(0.20)XPENG INC.UNAUDITED RECONCILIATIONS OF

88、GAAP AND NON-GAAP RESULTS(All amounts in thousands,except for ADS/ordinary share and per ADS/ordinary share data)Three Months Ended March 31,December 31,March 31,March 31,2023 2023 2024 2024 RMB RMB RMB US$Loss from operations(2,585,377)(2,053,046)(1,645,971)(227,965)Fair value gain on derivative li

89、ability relating to the contingent consideration-(29,339)(175,131)(24,255)Share-based compensation expenses124,638 167,036 134,711 18,657 Non-GAAP loss from operations(2,460,739)(1,915,349)(1,686,391)(233,563)Net loss(2,336,958)(1,347,615)(1,367,890)(189,451)Fair value gain on derivative liability r

90、elating to the contingent consideration-(29,339)(175,131)(24,255)Fair value gain on derivative liability-(561,415)-Share-based compensation expenses124,638 167,036 134,711 18,657 Non-GAAP net loss(2,212,320)(1,771,333)(1,408,310)(195,049)Net loss attributable to ordinary shareholders(2,336,958)(1,34

91、7,615)(1,367,890)(189,451)Fair value gain on derivative liability relating to the contingent consideration-(29,339)(175,131)(24,255)Fair value gain on derivative liability-(561,415)-Share-based compensation expenses124,638 167,036 134,711 18,657 Non-GAAP net loss attributable to ordinary shareholder

92、s of XPeng Inc.(2,212,320)(1,771,333)(1,408,310)(195,049)Weighted average number of ordinary shares used in calculating Non-GAAPnet loss per share Basic and diluted1,722,080,453 1,787,655,242 1,885,395,377 1,885,395,377 Non-GAAP net loss per ordinary share Basic and diluted(1.28)(0.99)(0.75)(0.10)Weighted average number of ADS used in calculating Non-GAAP net loss pershare Basic and diluted861,040,227 893,827,621 942,697,689 942,697,689 Non-GAAP net loss per ADS Basic and diluted(2.57)(1.98)(1.49)(0.21)Source:XPeng Inc.