Xiaopeng handed in his first quarter report, and the financial report data was eye-catching, and the US stock market rose sharply.

On May 21, Xiaopeng Auto released its first quarter financial report data, with revenue and gross profit growing at the same time and sufficient cash performance. Affected by this news, the US stock market once rose more than 20% before the session. Xiaopeng, go out of Shenzhen V.

　　 After the performance, the stock price soared! The gross profit rate has increased greatly, and Xiao Peng has gone out of the trough?

Take a detailed look at Xiaopeng's first quarter financial report.

First of all, the gross profit rate has achieved a "triple jump", which is also far higher than the market expectations. The gross profit in the third quarter of 2023 will be - 2.7%, that in the fourth quarter of 2023 will be 6.2%, and that in the first quarter of 2024 will be 12.9%%. This makes Xiaopeng's revenue performance more quality.

Secondly, Xiaopeng's total revenue in the first quarter was 6.55 billion yuan, an increase of 62.3% over the same period in 2023, and the higher than expected revenue mainly came from the Xiaopeng X9 (Configuration |Inquiry) Market performance. In addition to good cost control, Xiaopeng has achieved good revenue. By the end of this year, Xiaopeng is expected to achieve 25% cost reduction in technology.

In addition, as of March 31, Xiaopeng's cash reserve was 41.4 billion yuan. Although under the challenge of intensified market competition and cost control, Xiaopeng Automobile still has a net loss of 1.37 billion yuan at present, but its capital reserves are still abundant.

　　 "Strategic social networking" helps sales grow

Xiaopeng's financial performance is very large every time he takes off. More importantly, these financial performances mainly come from the contribution of Xiaopeng X9 with high passenger price. In addition, through strategic cooperation with Volkswagen Group, Xiaopeng Automobile took the lead in realizing the output empowerment of self-developed intelligent technology, thus gaining greater market influence and financial returns.

In terms of the sales volume in the first quarter, Xiaopeng delivered 21821 cars, an increase of 20% year on year in the extremely competitive market environment.

Technology changes the world. It can be seen from the financial report trend that all efforts and persistence of Xiaopeng Automobile have been transformed into good financial returns. Looking forward to the second quarter, Xiaopeng Automobile set the goal of delivering 29000 to 32000 units, an increase of 25% to 37.9% year on year. More directly, there is a profit target of more than 7.5 billion yuan.

　　 Take the lead in AI and lead in technology

After ten years of entrepreneurship, Xiao Peng insisted on investing heavily in R&D in the high intensity direction of technologies such as intelligent electric vehicle platform, EEA electronic and electrical architecture and intelligent assisted driving. Even in the most difficult times, Xiao Peng did not reduce any investment. Therefore, Xiaopeng Auto has continued to become the number one brand in the industry of urban intelligent driving. On January 1, 2024, Xiaopeng XNGP intelligent auxiliary driving system's urban intelligent driving capability will cover 191 cities on the basis of 52 cities that have been fully released, with a total number of cities covering 243, becoming the number one car brand in the industry of urban intelligent driving.

In the bustling 2024 Beijing Auto Show, Xiaopeng Auto will bring its new species, the nine crown king Xiaopeng X9 G6 (Configuration |Inquiry) 、 G9 (Configuration |Inquiry) P7i model was unveiled, and the theme conference of "Xiaopeng X9 Nine Crown AI Definition Re evolution" was held, announcing the global debut of AI Tianji system, which is the first operating system in the industry to fully apply AI technology to intelligent cockpit and intelligent driving.

In the past "520", Xiaopeng Auto held an activity themed "Opening the Era of AI Smart Driving" in Beijing, officially launched AI Tianji system in full volume, and released the first "end-to-end" model of mass production vehicles in China, the world's first AI generation driving function.

Xiaopeng Automobile has taken the lead in realizing the mass production application of AI big model in China's automobile industry, and it is more important to introduce globally leading models with comprehensive product strength and popularize AI intelligent driving. In terms of intelligent driving, Xiaopeng Auto released the first end-to-end large model of mass production vehicles in China: neural network XNet+big model of regulation and control XPlanner+big language model XBrain.

The three in one depth vision perception neural network XNet can make the automatic driving system like naked eye 3D by aggregating dynamic XNet, static XNet and the industry's first mass production pure vision 2K occupancy network. The industry's first mass production 2K pure vision occupies the network, which makes the perception range twice as large as 1.8 football fields, and can accurately identify 50+objects, so that users can see more clearly and farther when driving as if they have eagle eye vision.

In addition to perception, Xiaopeng Automobile also launched a big planning model based on neural network, XPlanner, which is like a human cerebellum. Through massive data training, driving strategies continue to evolve to anthropomorphic, with "old driver like footwork". With the help of XBrain, the automatic driving system can recognize the waiting area, tidal lane, special lane, and road sign text, understand all kinds of orders and prohibitions, speed and urgency, and then make anthropomorphic driving decisions that give consideration to safety and performance.

From the third quarter of this year, Xiaopeng will start a strong product cycle of launching more than ten new models in three years, covering the main market segments with a price of 100000 to 400000 yuan. The first model of the second brand MONA series will also be launched in June. In addition, there will be a new B-class car released this year.

In addition to technology, in 2024, Xiaopeng Auto also launched an in-depth organizational structure and marketing reform, and established a strong new marketing team. Upgrading from the original "car+Internet" approach to the "car+mobile Internet" approach, focusing on the decentralized head social media platform, and making full use of the vast number of UGC users, has achieved great results. In terms of sales channel reform, after the last 130 stores were eliminated, more than 160 dealers were introduced through the "Jupiter Plan", covering 40 low-end cities. By the third quarter of this year, the number of sales outlets will increase to 600, and continue to expand after the launch of new brands.

In the second half of the development of smart cars, as one of the leading companies in the current domestic high-level intelligent driving track, Xiao Peng improved profitability through the output of intelligent technology, and also used international potential to run a unique growth model.

　　 Write at the end

After the performance, the stock price soared! The gross profit rate has improved significantly, and Xiaopeng has begun to reverse the decline, or will enter a new stage of rapid development. After ten years of car building, Xiao Peng "lost and became a smart driver", and finally gained advantages in the second half of the new energy vehicles in 2024.

Compared with the current hot Xiaomi cars, they have the same target group, young, technology loving, middle class, also transformed from the Internet to build cars, and are a new force that has invested heavily in intelligent driving research. In terms of play flow, it seems that He Xiaopeng still has a big gap with Lei Jun, but the Xiaopeng AI Day event held by 520 has once again brought Xiaopeng back to the center of social topics. AI may change cars from Xiaopeng.