--- title: "XPENG-W's net loss attributable to shareholders for the year 2025 was 1.14 billion yuan, narrowing by 80.3% year-on-year" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/279916591.md" description: "XPeng-W announced that total revenue for the fourth quarter of 2025 was RMB 22.25 billion, a year-on-year increase of 38.2%. Revenue from automobile sales was RMB 19.07 billion, a year-on-year increase of 30.0%. The gross margin for the fourth quarter was 21.3%, with a net income of RMB 380 million, an improvement compared to a loss of RMB 1.33 billion in the same period last year. Total revenue for the fiscal year 2025 was RMB 76.72 billion, a year-on-year increase of 87.7%, with a net loss of RMB 1.14 billion, narrowing by 80.3% year-on-year. Deliveries reached 429,445 units, a year-on-year increase of 125.9%" datetime: "2026-03-20T09:45:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279916591.md) - [en](https://longbridge.com/en/news/279916591.md) - [zh-HK](https://longbridge.com/zh-HK/news/279916591.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/279916591.md) | [English](https://longbridge.com/en/news/279916591.md) # XPENG-W's net loss attributable to shareholders for the year 2025 was 1.14 billion yuan, narrowing by 80.3% year-on-year According to the Zhitong Finance APP, XPeng-W (09868) announced that in the fourth quarter of 2025, total revenue was RMB 22.25 billion, an increase of 38.2% compared to the same period in 2024, and an increase of 9.2% compared to the third quarter of 2025. Revenue from automobile sales was RMB 19.07 billion, an increase of 30.0% compared to the same period in 2024, and an increase of 5.6% compared to the third quarter of 2025. The gross margin for the fourth quarter of 2025 was 21.3%, compared to 14.4% in the same period of 2024 and 20.1% in the third quarter of 2025. The gross margin for automobiles (i.e., the percentage of gross profit from automobile sales to automobile sales revenue) in the fourth quarter of 2025 was 13.0%, compared to 10.0% in the same period of 2024 and 13.1% in the third quarter of 2025. The net income attributable to ordinary shareholders of XPeng in the fourth quarter of 2025 was RMB 380 million, compared to a loss of RMB 1.33 billion in the same period of 2024 and a loss of RMB 380 million in the third quarter of 2025. For the fiscal year 2025, total revenue was RMB 76.72 billion, an increase of 87.7% compared to last year's RMB 40.87 billion. Revenue from automobile sales was RMB 68.38 billion, an increase of 90.8% compared to last year's RMB 35.83 billion. The year-on-year growth was mainly due to an increase in delivery volume. The gross margin for the fiscal year 2025 was 18.9%, compared to 14.3% last year. The gross margin for automobiles was 12.8%, compared to 8.3% last year. The year-on-year growth was mainly due to ongoing cost reductions and improvements in the product mix. The net loss attributable to ordinary shareholders of XPeng was RMB 1.14 billion, compared to RMB 5.79 billion last year, a year-on-year narrowing of 80.3%. "In 2025, XPeng's total delivery volume was 429,445 units, a year-on-year increase of 125.9%. We continue to break through the limits of physical AI technology, accelerating the mass production and commercialization of product technology innovation, and expanding globally," said Mr. He Xiaopeng, Chairman and CEO of XPeng. "I believe XPeng is at a historic turning point in the application of physical AI. We not only aim to expand the global market share of AI vehicles and complete the transition from L2+ assisted driving to L4 autonomous driving, but also to take the second-generation VLA overseas and achieve large-scale production of advanced humanoid robots." "In the fourth quarter of 2025, XPeng's gross margin reached 21.3%, setting a new record, and net profit reached RMB 380 million. Through a technology-driven business model, we have achieved a profit path that is distinctly different from traditional automakers," said Dr. Gu Hongdi, Vice Chairman and Co-President of XPeng. "By the end of 2025, the company had cash on hand of RMB 47.66 billion, providing a solid guarantee for our firm investment in physical AI research and development." For the first quarter of 2026, the company expects: automobile delivery volume to be between 61,000 and 66,000 units, a year-on-year decrease of approximately 29.79% to 35.11%. Total revenue is expected to be between RMB 12.20 billion and RMB 13.28 billion, a year-on-year decrease of approximately 16.01% to 22.84% ### 相關股票 - [XPENG-W (09868.HK)](https://longbridge.com/zh-HK/quote/09868.HK.md) - [XPeng (XPEV.US)](https://longbridge.com/zh-HK/quote/XPEV.US.md) - [Hua Xia CSI New Energy Vehicles ETF (515030.CN)](https://longbridge.com/zh-HK/quote/515030.CN.md) - [Hwabao WP CSI Intelligent Electric Vehicle ETF (516380.CN)](https://longbridge.com/zh-HK/quote/516380.CN.md) - [E Fund CSI Auto Components Thematic ETF (159565.CN)](https://longbridge.com/zh-HK/quote/159565.CN.md) - [ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF (159323.CN)](https://longbridge.com/zh-HK/quote/159323.CN.md) - [Guotai CSI 800 Automobile and Parts ETF (516110.CN)](https://longbridge.com/zh-HK/quote/516110.CN.md) ## 相關資訊與研究 - [XPENG Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results | XPEV Stock News](https://longbridge.com/zh-HK/news/279913437.md) - [Xpeng shifts P7 strategy with cheaper trims and tiered AI chips](https://longbridge.com/zh-HK/news/279620200.md) - [Geely targets 640,000 overseas car sales in 2026](https://longbridge.com/zh-HK/news/279577046.md) - [BYD’s Five-Minute EV Chargers Are Going To Europe To Take On Ionity](https://longbridge.com/zh-HK/news/279256710.md) - [2 Beaten-Down AI Stocks Investors Shouldn’t Dump Yet](https://longbridge.com/zh-HK/news/279827679.md)