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<Research>CICC: XPENG-W (09868.HK) 4Q25 Results In Line; GM Hits New High
Recommend 8 Positive 14 Negative 3 |
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XPENG-W (09868.HK) logged revenue of RMB22.25 billion and a non-GAAP net profit of RMB510 million in 4Q25, marking its first profitable quarter, CICC said in its report. The results met both market's and CICC's expectations. Besides, the company's comprehensive gross margin re-notched a historical high of 21.3% during the period. CICC maintained an Outperform rating and a target price of HKD90 for XPeng's Hong Kong shares. As for XPeng (XPEV.US) in the US market, the Outperform rating and target price of USD23 remained unchanged. AASTOCKS Financial News Website: www.aastocks.com |
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