XPENG Reports Third Quarter 2022 Unaudited Financial Results
XPeng Inc. (NYSE: XPEV) reported Q3 2022 results with total revenues of RMB6.82 billion (US$0.96 billion), a 19.3% year-over-year increase but an 8.2% decrease from Q2. Vehicle deliveries reached 29,570, up 15%, and gross margin was 13.5%, down 0.9 percentage points year-over-year. The net loss for the quarter was RMB2.38 billion (US$0.33 billion), compared to RMB1.59 billion in Q3 2021. The company expects Q4 deliveries between 20,000 and 21,000, a decline of approximately 49.7% to 52.1%, with revenues between RMB4.8 billion and RMB5.1 billion, reflecting decreased market demand.
- Total revenues increased 19.3% year-over-year to RMB6.82 billion.
- Vehicle deliveries rose 15% year-over-year to 29,570 units.
- Service revenue surged 124.1% year-over-year to RMB0.58 billion.
- Net loss widened to RMB2.38 billion from RMB1.59 billion year-over-year.
- Gross margin decreased by 0.9 percentage points to 13.5%.
- Q4 2022 revenue guidance indicates a potential 40.4% to 43.9% decline year-over-year.
-
Cash and cash equivalents, restricted cash, short-term investments and time deposits were
RMB40.12 billion (US ) as of$5.64 billion September 30, 2022 -
Quarterly total revenues reached
RMB6.82 billion , a19.3% increase year-over-year -
Quarterly vehicle deliveries reached 29,570, a
15% increase year-over-year -
Quarterly gross margin was
13.5% , a decrease of 0.9 percentage point year-over-year
Operational and Financial Highlights for the Three Months Ended
|
2022Q3 |
2022Q2 |
2022Q1 |
2021Q4 |
2021Q3 |
2021Q2 |
||||||
Total deliveries |
29,570 |
34,422 |
34,561 |
41,751 |
25,666 |
17,398 |
||||||
P7 deliveries |
16,776 |
15,983 |
19,427 |
21,342 |
19,731 |
11,522 |
||||||
P5 deliveries |
8,703 |
12,848 |
10,486 |
7,621 |
244 |
— |
-
Total deliveries of vehicles were 29,570 in the third quarter of 2022, representing an increase of
15% from 25,666 in the corresponding period of 2021. -
Deliveries of the P7 smart sports sedan were 16,776 in the third quarter of 2022, representing a decrease of
15% from 19,731 in the corresponding period of 2021. - Deliveries of the P5 smart family sedan were 8,703 in the third quarter of 2022.
-
XPENG’s physical sales network continued expansion with a total of 407 stores, covering 143 cities as of
September 30, 2022 . -
XPENG self-operated charging station network further expanded to 1,011 stations, including 806XPENG self-operated supercharging stations and 205 destination charging stations as ofSeptember 30, 2022 . -
Total revenues were
RMB6.82 billion (US ) for the third quarter of 2022, representing an increase of$0.96 billion 19.3% from the same period of 2021, and a decrease of8.2% from the second quarter of 2022. -
Revenues from vehicle sales were
RMB6.24 billion (US ) for the third quarter of 2022, representing an increase of$0.88 billion 14.3% from the same period of 2021, and a decrease of10.1% from the second quarter of 2022. -
Gross margin was
13.5% for the third quarter of 2022, compared with14.4% for the same period of 2021 and10.9% for the second quarter of 2022. -
Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was
11.6% for the third quarter of 2022, compared with13.6% for the same period of 2021 and9.1% for the second quarter of 2022. -
Net loss was
RMB2.38 billion (US ) for the third quarter of 2022, compared with$0.33 billion RMB1.59 billion for the same period of 2021 andRMB2.70 billion for the second quarter of 2022. Excluding share-based compensation expenses, non-GAAP net loss wasRMB2.22 billion (US ) in the third quarter of 2022, compared with$0.31 billion RMB1.49 billion for the same period of 2021 andRMB2.46 billion for the second quarter of 2022. -
Net loss attributable to ordinary shareholders of
XPENG wasRMB2.38 billion (US ) for the third quarter of 2022, compared with$0.33 billion RMB1.59 billion for the same period of 2021 andRMB2.70 billion in the second quarter of 2022. Excluding share-based compensation expenses, non-GAAP net loss attributable to ordinary shareholders ofXPENG wasRMB2.22 billion (US ) for the third quarter of 2022, compared with$0.31 billion RMB1.49 billion for the same period of 2021 andRMB2.46 billion for the second quarter of 2022. -
Comprehensive loss attributable to ordinary shareholders of
XPENG wasRMB0.69 billion (US ) for the third quarter of 2022, compared with$0.10 billion RMB1.62 billion for the same period of 2021 andRMB0.78 billion for the second quarter of 2022. -
Basic and diluted net loss per American depositary share (ADS) were both
RMB2.77 (US ) for the third quarter of 2022. Non-GAAP basic and diluted net loss per ADS were both$0.39 RMB2.59 (US ) for the third quarter of 2022. Each ADS represents two Class A ordinary shares.$0.36 -
Cash and cash equivalents, restricted cash, short-term investments and time deposits were
RMB40.12 billion (US ) as of$5.64 billion September 30, 2022 , compared withRMB41.34 billion as ofJune 30, 2022 . Time deposits include short-term deposits, current portion and non-current portion of long-term deposits.
Key Financial Results
(in RMB billions, except for percentage)
|
For the Three Months Ended |
% Changei |
||||||||||||
|
|
|
|
|
||||||||||
2021 |
2022 |
2022 |
YoY |
QoQ |
||||||||||
Vehicle sales |
5.46 |
6.94 |
6.24 |
14.3 |
% |
-10.1 |
% |
|||||||
Vehicle margin |
|
|
|
-2.0pts |
2.5pts |
|||||||||
Total revenues |
5.72 |
7.44 |
6.82 |
19.3 |
% |
-8.2 |
% |
|||||||
Gross profit |
0.82 |
0.81 |
0.92 |
12.5 |
% |
14.1 |
% |
|||||||
Gross margin |
|
|
|
-0.9pts |
2.6pts |
|||||||||
Net Loss |
1.59 |
2.70 |
2.38 |
49.0 |
% |
-12.0 |
% |
|||||||
Non-GAAP net loss |
1.49 |
2.46 |
2.22 |
49.0 |
% |
-9.8 |
% |
|||||||
Net loss attributable to
|
1.59 |
2.70 |
2.38 |
49.0 |
% |
-12.0 |
% |
|||||||
Non-GAAP net loss
|
1.49 |
2.46 |
2.22 |
49.0 |
% |
-9.8 |
% |
|||||||
Comprehensive loss
|
1.62 |
0.78 |
0.69 |
-57.4 |
% |
-11.3 |
% |
i Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented
Management Commentary
“Our management team has recently conducted an in-depth review of our growth strategy, products and operation. We have already carried out organization restructuring and changed some of our strategies. I am confident that our industry-leading smart and electrification technologies will allow us to build competitive products appealing to a broad customer base,” said
“We will implement prudent cost control initiatives and improve operational efficiency,” said Dr.
Recent Developments
Deliveries in
-
Total deliveries reached 5,101 vehicles in
October 2022 , consisting of 2,104 P7 smart sports sedans, 1,665 P5 smart family sedans and 709 G3i compact smart SUVs, and 623 G9 flagship SUVs. Mass deliveries of the G9 began onOctober 27, 2022 , reaching customers in over 100 cities acrossChina . -
As of
October 31, 2022 , year-to-date total deliveries reached 103,654, representing a56% increase year-over-year.
-
On
October 24, 2022 ,XPENG hosted its fourth annual 1024 Tech Day at its headquarters inGuangzhou . The Company unveiled the rollout plan of XNGP, its next-generation full-scenario advanced driver assistance system that covers nationwide urban roads, as well as its industry-leading in-car voice system.
ESG Performance
-
On
September 27, 2022 ,XPENG received its third consecutive annual MSCI ESG rating of AA, ranking top among carmakers worldwide for ESG performance. The MSCI AA ESG rating recognizes the Company’s achievement in reducing carbon footprint and its growth potential driven by its clean technology innovation. -
On
September 23, 2022 ,XPENG , as an invited company for the 2022 S&P Global Corporate Sustainability Assessment (CSA), received an industry-leading S&P Global ESG score of 49, representing an increase of48% from the score released last year and ranking top among Chinese automakers.
Unaudited Financial Results for the Three Months Ended
Total revenues were
Revenues from vehicle sales were
Revenues from services and others were
Cost of sales was
Gross margin was
Vehicle margin was
Research and development expenses were
Selling, general and administrative expenses were
Loss from operations was
Non-GAAP loss from operations, which excludes share-based compensation expenses, was
Impact of foreign currency revaluation reflected the following results:
-
Exchange loss from foreign currency transactions was
RMB0.55 billion (US ) for the third quarter of 2022, primarily resulting from the depreciation impact of Renminbi-denominated assets (other receivables) held in$0.08 billion U.S. dollar functional currency subsidiaries. Such revaluation was included in net loss. -
Foreign currency translation adjustment was
RMB1.69 billion (US ) gain for the third quarter of 2022, primarily resulting from the appreciation of$0.24 billion U.S. dollar-denominated assets. Such revaluation was included in the comprehensive loss, but not net loss.
Net loss was
Non-GAAP net loss, which excludes share-based compensation expenses, was
Net loss attributable to ordinary shareholders of
Non-GAAP net loss attributable to ordinary shareholders of
Comprehensive loss attributable to ordinary shareholders of
Basic and diluted net loss per ADS attributable to ordinary shareholders of
Non-GAAP basic and diluted net loss per ADS were both
Balance Sheets
As of
Business Outlook
For the fourth quarter of 2022, the Company expects:
-
Deliveries of vehicles to be between 20,000 and 21,000, representing a year-over-year decrease of approximately
49.7% to52.1% .
-
Total revenues to be between
RMB4.8 billion andRMB5.1 billion , representing a year-over-year decrease of approximately40.4% to43.9% .
The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.
Conference Call
The Company’s management will host an earnings conference call at
For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.
Event Title: |
|
|
Pre-registration link: |
Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.xiaopeng.com.
A replay of the conference call will be accessible approximately two hours after the conclusion of the call until
|
+1-855-883-1031 |
|
International: |
+61-7-3107-6325 |
|
|
800-930-639 |
|
Mainland |
400-120-9216 |
|
Replay Access Code: |
10026490 |
About
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic loss per weighted average number of ordinary shares and non-GAAP basic loss per ADS, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with
For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and non-GAAP Results” set forth in this announcement.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goal and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, contract manufacturer, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the
|
|||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
|||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
|||||
|
|
|
|
|
|
2021
|
|
2022
|
|
2022
|
|
ASSETS |
|
|
|
|
|
Current assets |
|||||
Cash and cash equivalents |
11,024,906 |
|
11,370,371 |
|
1,598,421 |
Restricted cash |
609,975 |
|
173,449 |
|
24,383 |
Short-term deposits |
25,858,007 |
|
18,173,191 |
|
2,554,747 |
Short-term investments |
2,833,763 |
|
2,018,920 |
|
283,815 |
Long-term deposits, current portion |
— |
|
423,887 |
|
59,589 |
Derivative assets, current portion |
— |
|
1,676 |
|
236 |
Accounts and notes receivable, net |
2,673,494 |
|
3,704,270 |
|
520,738 |
Installment payment receivables, net,
|
887,202 |
|
1,216,645 |
|
171,033 |
Inventory |
2,661,921 |
|
4,378,007 |
|
615,450 |
Amounts due from related parties |
32,785 |
|
57,669 |
|
8,107 |
Prepayments and other current assets |
2,248,683 |
|
2,421,807 |
|
340,451 |
Total current assets |
48,830,736 |
|
43,939,892 |
|
6,176,970 |
Non-current assets |
|
|
|
|
|
Long-term deposits |
3,217,266 |
|
7,962,455 |
|
1,119,344 |
Property, plant and equipment, net |
5,424,776 |
|
9,367,276 |
|
1,316,831 |
Right-of-use assets, net |
1,561,175 |
|
2,067,712 |
|
290,674 |
Intangible assets, net |
878,724 |
|
892,545 |
|
125,472 |
Land use rights, net |
595,471 |
|
2,731,503 |
|
383,989 |
Installment payment receivables, net |
1,863,492 |
|
2,213,706 |
|
311,198 |
Long-term investments |
1,549,176 |
|
2,391,170 |
|
336,145 |
Other non-current assets |
1,730,486 |
|
223,883 |
|
31,473 |
Total non-current assets |
16,820,566 |
|
27,850,250 |
|
3,915,126 |
Total assets |
65,651,302 |
|
71,790,142 |
|
10,092,096 |
|
||||||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) |
||||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
||||||||
|
|
|
|
|
|
|||
2021
|
|
2022
|
|
2022
|
||||
LIABILITIES |
|
|
|
|
|
|||
Current liabilities |
||||||||
Short-term borrowings |
— |
|
1,600,000 |
|
224,924 |
|||
Accounts and notes payable |
12,362,186 |
|
14,999,534 |
|
2,108,601 |
|||
Amounts due to related parties |
24,919 |
|
28,593 |
|
4,020 |
|||
Operating lease liabilities, current portion |
373,488 |
|
515,139 |
|
72,417 |
|||
Finance lease liabilities, current portion |
— |
|
164,726 |
|
23,157 |
|||
Deferred revenue, current portion |
418,227 |
|
316,403 |
|
44,479 |
|||
Long-term borrowings, current portion |
— |
|
328,325 |
|
46,155 |
|||
Accruals and other liabilities |
4,811,107 |
|
5,268,607 |
|
740,649 |
|||
Income taxes payable |
22,737 |
|
60,434 |
|
8,496 |
|||
Total current liabilities |
18,012,664 |
|
23,281,761 |
|
3,272,898 |
|||
Non-current liabilities |
|
|
|
|
|
|||
Long-term borrowings |
1,675,106 |
|
3,190,643 |
|
448,533 |
|||
Operating lease liabilities |
1,189,754 |
|
1,960,669 |
|
275,626 |
|||
Finance lease liabilities |
— |
|
788,050 |
|
110,782 |
|||
Deferred revenue |
479,061 |
|
664,727 |
|
93,446 |
|||
Other non-current liabilities |
2,148,139 |
|
2,463,163 |
|
346,266 |
|||
Total non-current liabilities |
5,492,060 |
|
9,067,252 |
|
1,274,653 |
|||
Total liabilities |
23,504,724 |
|
32,349,013 |
|
4,547,551 |
|||
SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|||
Class A Ordinary shares |
87 |
|
88 |
|
12 |
|||
Class |
25 |
|
25 |
|
4 |
|||
Additional paid-in capital |
59,980,534 |
|
60,542,236 |
|
8,510,893 |
|||
Statutory reserves |
6,047 |
|
6,047 |
|
850 |
|||
Accumulated deficit |
(16,191,566) |
|
(22,969,363) |
|
(3,228,983) |
|||
Accumulated other comprehensive
|
(1,648,549) |
|
1,862,096 |
|
261,769 |
|||
Total shareholders’ equity |
42,146,578 |
|
39,441,129 |
|
5,544,545 |
|||
Total liabilities and shareholders’ equity |
65,651,302 |
|
71,790,142 |
|
10,092,096 |
|
|||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS |
|||||||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
|||||||||||
Three Months Ended |
|||||||||||
|
|
|
|
||||||||
RMB |
RMB |
RMB |
US$ |
||||||||
Revenues |
|||||||||||
Vehicle sales |
5,460,063 |
|
6,938,497 |
|
6,241,143 |
|
877,366 |
|
|||
Services and others |
259,855 |
|
497,848 |
|
582,344 |
|
81,865 |
|
|||
|
|
|
|
|
|
|
|
||||
Total revenues |
5,719,918 |
|
7,436,345 |
|
6,823,487 |
|
959,231 |
|
|||
Cost of sales |
|||||||||||
Vehicle sales |
(4,718,809 |
) |
(6,309,727 |
) |
(5,514,695 |
) |
(775,244 |
) |
|||
Services and others |
(180,285 |
) |
(317,258 |
) |
(385,554 |
) |
(54,200 |
) |
|||
|
|
|
|
|
|
|
|
||||
Total cost of sales |
(4,899,094 |
) |
(6,626,985 |
) |
(5,900,249 |
) |
(829,444 |
) |
|||
Gross profit |
820,824 |
|
809,360 |
|
923,238 |
|
129,787 |
|
|||
Operating expenses |
|||||||||||
Research and development
|
(1,264,240 |
) |
(1,264,959 |
) |
(1,498,550 |
) |
(210,663 |
) |
|||
Selling, general and
|
(1,538,420 |
) |
(1,664,513 |
) |
(1,626,343 |
) |
(228,628 |
) |
|||
Total operating expenses |
(2,802,660 |
) |
(2,929,472 |
) |
(3,124,893 |
) |
(439,291 |
) |
|||
Other income, net |
179,196 |
|
29,328 |
|
24,824 |
|
3,490 |
|
|||
Loss from operations |
(1,802,640 |
) |
(2,090,784 |
) |
(2,176,831 |
) |
(306,014 |
) |
|||
Interest income |
193,888 |
|
267,506 |
|
289,954 |
|
40,761 |
|
|||
Interest expense |
(16,347 |
) |
(22,311 |
) |
(38,968 |
) |
(5,478 |
) |
|||
Fair value gain (loss) on derivative
|
30,190 |
|
84,211 |
|
(8,003 |
) |
(1,125 |
) |
|||
Fair value gain on long-term
|
— |
|
15,869 |
|
129,240 |
|
18,168 |
|
|||
Exchange gain (loss) from foreign
|
14,295 |
|
(938,327 |
) |
(550,775 |
) |
(77,427 |
) |
|||
Other non-operating loss, net |
(13,884 |
) |
(1,948 |
) |
(2,600 |
) |
(366 |
) |
|||
|
|
|
|
|
|
|
|
||||
Loss before income tax expenses
|
(1,594,498 |
) |
(2,685,784 |
) |
(2,357,983 |
) |
(331,481 |
) |
|||
Income tax expenses |
(303 |
) |
(11,735 |
) |
(21,017 |
) |
(2,955 |
) |
|||
Share of results of equity method
|
— |
|
(3,363 |
) |
2,852 |
|
401 |
|
|||
|
|
|
|
|
|
|
|
||||
Net loss |
(1,594,801 |
) |
(2,700,882 |
) |
(2,376,148 |
) |
(334,035 |
) |
|||
Net loss attributable to ordinary
|
(1,594,801 |
) |
(2,700,882 |
) |
(2,376,148 |
) |
(334,035 |
) |
|
|||||||||||
|
|||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONTINUED) |
|||||||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
|||||||||||
|
Three Months Ended |
||||||||||
|
|
|
|
|
|
|
|
||||
|
RMB |
|
RMB |
|
RMB |
|
US$ |
||||
Net loss |
(1,594,801 |
) |
|
(2,700,882 |
) |
|
(2,376,148 |
) |
|
(334,035 |
) |
Other comprehensive (loss)
|
|
|
|
|
|
|
|
||||
Foreign currency translation
|
(26,478 |
) |
|
1,922,801 |
|
|
1,686,156 |
|
|
237,036 |
|
|
|
|
|
|
|
|
|
||||
Total comprehensive loss
|
(1,621,279 |
) |
|
(778,081 |
) |
|
(689,992 |
) |
|
(96,999 |
) |
|
|
|
|
|
|
|
|
||||
Comprehensive loss
|
(1,621,279 |
) |
|
(778,081 |
) |
|
(689,992 |
) |
|
(96,999 |
) |
|
|
|
|
|
|
|
|
||||
Weighted average number of
|
|
|
|
|
|
|
|
||||
Basic and diluted |
1,689,885,370 |
|
|
1,708,557,461 |
|
|
1,718,162,864 |
|
|
1,718,162,864 |
|
|
|
|
|
|
|
|
|
||||
Net loss per ordinary share
|
|
|
|
|
|
|
|
||||
Basic and diluted |
(0.94 |
) |
|
(1.58 |
) |
|
(1.38 |
) |
|
(0.19 |
) |
|
|
|
|
|
|
|
|
||||
Weighted average number of
|
|
|
|
|
|
|
|
||||
Basic and diluted |
844,942,685 |
|
|
854,278,731 |
|
|
859,081,432 |
|
|
859,081,432 |
|
|
|
|
|
|
|
|
|
||||
Net loss per ADS attributable
|
|
|
|
|
|
|
|
||||
Basic and diluted |
(1.89 |
) |
|
(3.16 |
) |
|
(2.77 |
) |
|
(0.39 |
) |
|
|||||||||||
|
|||||||||||
UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS |
|||||||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
|||||||||||
Three Months Ended |
|
||||||||||
|
|
|
|
|
|||||||
RMB |
RMB |
RMB |
US$ |
||||||||
Loss from operations |
(1,802,640 |
) |
(2,090,784 |
) |
(2,176,831 |
) |
(306,014 |
) |
|||
Share-based compensation
|
102,673 |
|
236,469 |
|
152,695 |
|
21,466 |
|
|||
Non-GAAP loss from operations |
(1,699,967 |
) |
(1,854,315 |
) |
(2,024,136 |
) |
(284,548 |
) |
|||
Net loss |
(1,594,801 |
) |
(2,700,882 |
) |
(2,376,148 |
) |
(334,035 |
) |
|||
Share-based compensation
|
102,673 |
|
236,469 |
|
152,695 |
|
21,466 |
|
|||
Non-GAAP net loss |
(1,492,128 |
) |
(2,464,413 |
) |
(2,223,453 |
) |
(312,569 |
) |
|||
Net loss attributable to ordinary
|
(1,594,801 |
) |
(2,700,882 |
) |
(2,376,148 |
) |
(334,035 |
) |
|||
Share-based compensation
|
102,673 |
|
236,469 |
|
152,695 |
|
21,466 |
|
|||
Non-GAAP net loss attributable
|
(1,492,128 |
) |
(2,464,413 |
) |
(2,223,453 |
) |
(312,569 |
) |
|||
Weighted average number of
|
|||||||||||
Basic and diluted |
1,689,885,370 |
|
1,708,557,461 |
|
1,718,162,864 |
|
1,718,162,864 |
|
|||
Non-GAAP net loss per ordinary
|
|||||||||||
Basic and diluted |
(0.88 |
) |
(1.44 |
) |
(1.29 |
) |
(0.18 |
) |
|||
Weighted average number of
|
|||||||||||
Basic and diluted |
844,942,685 |
|
854,278,731 |
|
859,081,432 |
|
859,081,432 |
|
|||
Non-GAAP net loss per ADS |
|||||||||||
Basic and diluted |
(1.77 |
) |
(2.88 |
) |
(2.59 |
) |
(0.36 |
) |
View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005439/en/
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