XPENG INC.

XPEV · XNYS

CIK 1810997fmd_0DQ1AVR4SZNAWAGJWGFMP6ZVHVManufacturing · Motor Vehicles & Passenger Car BodiesTemplate: Standard

Coverage: Jan 01, 2018 to Dec 31, 2025, 8 periods

Income Statement · Annual · Millions · CNY
Line item	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	10	2,321	5,844	20,988	26,855	30,676	40,866	76,720
Cost of revenue	12	2,879	5,578	18,366	23,767	30,225	35,021	62,247
Gross profit	(2)	(558)	266	2,623	3,088	451	5,846	14,473
Research and development	1,051	2,070	1,726	4,114	5,215	5,277	6,457	9,490
Selling, general and administrative	643	1,165	2,921	5,305	6,688	6,559	6,871	9,398
Total operating expenses	1,694	3,235	4,647	9,420	11,903	11,341	12,504	17,244
Operating income	(1,695)	(3,781)	(4,294)	(6,579)	(8,706)	(10,889)	(6,658)	(2,771)
Interest expense	6	32	22	55	132	269	344	380
Interest and investment income	65	89	133	743	1,059	1,260	1,375	1,163
Other non-operating income (expense)	(18)	4	9	70	36	42	108	45
Income before taxes	(1,399)	(3,692)	(2,731)	(4,837)	(9,118)	(10,394)	(5,831)	(1,157)
Income tax expense	0	0	1	26	25	37	(70)	14
Net income from continuing operations	(1,399)	(3,692)	(2,732)	(4,863)	(9,143)	(10,431)	(5,761)	(1,170)
Net income	(1,399)	(3,692)	(2,732)	(4,863)	(9,139)	(10,376)	(5,790)	(1,139)
Net income to common shareholders	(2,255)	(4,643)	(4,890)	(4,863)	(9,139)	(10,376)	(5,790)	(1,139)