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XPENG-W Opens ~10% Higher on 1Q Results Beat
Recommend 7 Positive 19 Negative 6 |
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XPeng Inc. (XPEV.US) reported 1Q results that beat expectations, with its ADR spiking 11%. XPENG-W (09868.HK) followed suit this morning, opening 9.74% higher at HKD85.1, with pre-market trading volume of 1.1965 million shares, amounting to HKD102 million. XPeng had announced its quarterly results after the market closed yesterday (21st), with net loss narrowing to RMB660 million, compared to a loss of RMB1.37 billion in the same period last year. The net loss per ordinary share was RMB0.35, and the net loss per ADS was RMB0.7. The non-GAAP net loss was RMB430 million, compared to RMB1.41 billion in the same period last year. The company's management reiterated forecasts for heightened sales and gross margins in 2H25, and a turnaround to profit in 4Q25, which should cheer up the market. AASTOCKS Financial News URL: www.aastocks.com |
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