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XPeng Inc. logo

XPeng Inc.

9868.HK

HKSEConsumer CyclicalAuto - Manufacturers

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Latest quote

HK$46.82

−HK$1.28 · -2.66%

Aug 24, 11:59 AM HKT

9868.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

XPeng Inc. is a Chinese corporation specializing in the engineering, production, and distribution of intelligent electric vehicles across the People's Republic of China. Their automotive lineup includes SUV models like the G3 and G3i, the P7, a sleek four-door sports sedan, and the family-oriented P5 sedan. Beyond vehicle sales, the company provides a comprehensive suite of services such as maintenance, rapid charging infrastructure, vehicle leasing, insurance brokerage, ride-sharing platforms, technical support, automotive financing options and loan referrals, and digital music subscriptions. XPeng Inc. was established in 2015 and is headquartered in Guangzhou, China.

Industry
Auto - Manufacturers
Sector
Consumer Cyclical
Headquarters
CN
CEO
Xiaopeng He
Listed since
Jul 7, 2021
Employees
19,884

Market position

Day range

Current HK$46.82

52-week range

Current HK$46.82

Open
HK$47.56
Previous close
HK$48.10
Volume
8.27M
0.53× average
Average volume
15.68M
Average daily volume
Market cap
89.45B HKD
Beta
1.11
Market reference 1
50-day average
HK$50.1286
-6.60% below average
200-day average
HK$66.8784
-29.99% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
142.47B CNY
P/E (TTM)
-34.3×
P/B (TTM)
2.7×
P/S (TTM)
1.04×
EV / EBITDA
63.01×
Earnings yield
-0.82%
Free cash flow yield
3.62%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
19.87%
Operating margin
-6.38%
Net margin
-3.06%
Return on equity
-3.65%
Return on assets
-1.08%
Return on invested capital
-8.13%

Financial health

Debt / equity
1.46×
Current ratio
1.09×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%3%-19%-41%Gross margin, FY2021: 12.50%Gross margin, FY2022: 11.50%Gross margin, FY2023: 1.47%Gross margin, FY2024: 14.30%Gross margin, FY2025: 18.86%Operating margin, FY2021: -31.35%Operating margin, FY2022: -32.42%Operating margin, FY2023: -35.50%Operating margin, FY2024: -16.29%Operating margin, FY2025: -5.76%Net margin, FY2021: -23.17%Net margin, FY2022: -34.05%Net margin, FY2023: -33.82%Net margin, FY2024: -14.17%Net margin, FY2025: -1.49%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 12.50%. Gross margin FY2022 11.50%. Gross margin FY2023 1.47%. Gross margin FY2024 14.30%. Gross margin FY2025 18.86%. Operating margin FY2021 -31.35%. Operating margin FY2022 -32.42%. Operating margin FY2023 -35.50%. Operating margin FY2024 -16.29%. Operating margin FY2025 -5.76%. Net margin FY2021 -23.17%. Net margin FY2022 -34.05%. Net margin FY2023 -33.82%. Net margin FY2024 -14.17%. Net margin FY2025 -1.49%.

Income trends

Revenue

74.73B CNY+82.87%

Operating income

−4.3B CNY+35.40%

Net income

−1.11B CNY+80.83%
Income trends across reported periods83.3B CNY49.05B CNY14.8B CNY−19.45B CNYRevenue, FY2021: 20.99B CNYRevenue, FY2022: 26.86B CNYRevenue, FY2023: 30.68B CNYRevenue, FY2024: 40.87B CNYRevenue, FY2025: 74.73B CNYOperating income, FY2021: −6.58B CNYOperating income, FY2022: −8.71B CNYOperating income, FY2023: −10.89B CNYOperating income, FY2024: −6.66B CNYOperating income, FY2025: −4.3B CNYNet income, FY2021: −4.86B CNYNet income, FY2022: −9.14B CNYNet income, FY2023: −10.38B CNYNet income, FY2024: −5.79B CNYNet income, FY2025: −1.11B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 20.99B CNY. Revenue FY2022 26.86B CNY. Revenue FY2023 30.68B CNY. Revenue FY2024 40.87B CNY. Revenue FY2025 74.73B CNY. Operating income FY2021 −6.58B CNY. Operating income FY2022 −8.71B CNY. Operating income FY2023 −10.89B CNY. Operating income FY2024 −6.66B CNY. Operating income FY2025 −4.3B CNY. Net income FY2021 −4.86B CNY. Net income FY2022 −9.14B CNY. Net income FY2023 −10.38B CNY. Net income FY2024 −5.79B CNY. Net income FY2025 −1.11B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue74.73B CNY40.87B CNY30.68B CNY26.86B CNY20.99B CNY
Cost of goods sold60.64B CNY35.02B CNY30.22B CNY23.77B CNY18.37B CNY
Gross profit14.1B CNY5.85B CNY451.16M CNY3.09B CNY2.62B CNY
Research and development—6.46B CNY5.28B CNY5.21B CNY4.11B CNY
Selling, general, and administrative9.16B CNY6.87B CNY6.56B CNY6.69B CNY5.31B CNY
Operating expenses18.4B CNY12.5B CNY11.34B CNY11.79B CNY9.2B CNY
Interest income—1.37B CNY1.26B CNY1.06B CNY743.03M CNY
Interest expense370.1M CNY343.98M CNY268.67M CNY132.19M CNY55.34M CNY
Depreciation and amortization2.99B CNY2.57B CNY2.11B CNY1.41B CNY837.8M CNY
Operating income−4.3B CNY−6.66B CNY−10.89B CNY−8.71B CNY−6.58B CNY
Net income−1.11B CNY−5.79B CNY−10.38B CNY−9.14B CNY−4.86B CNY

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

1 institution
Morgan StanleymaintainOverweight

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ETFs holding 9868.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
140.71M
Weight
0.02%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
134.56M
Weight
0.08%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
86.22M
Weight
0.05%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
22.99M
Weight
0.02%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
iShares MSCI Emerging Markets ETF logoiShares MSCI Emerging Markets ETFEEM
Market value
19.3M
Weight
0.06%
AUM
31.22B USD
Expense ratio
0.72%
Price / 1D
$67.12+0.75%
iShares MSCI China ETF logoiShares MSCI China ETFMCHI
Market value
18.57M
Weight
0.30%
AUM
6.29B USD
Expense ratio
0.59%
Price / 1D
$55.66+0.27%
iShares ESG Aware MSCI EM ETF logoiShares ESG Aware MSCI EM ETFESGE
Market value
11.58M
Weight
0.17%
AUM
6.91B USD
Expense ratio
0.25%
Price / 1D
$53.93+0.82%
Schwab Emerging Markets Equity ETF logoSchwab Emerging Markets Equity ETFSCHE
Market value
10.58M
Weight
0.08%
AUM
12.89B USD
Expense ratio
0.06%
Price / 1D
$36.97+0.71%

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