\n | \n\n 2023Q1<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2022Q4<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2022Q3<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2022Q2<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2022Q1<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2021Q4<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Total deliveries<\/b><\/p>\n<\/td>\n | \n \n18,230<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n22,204<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n29,570<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n34,422<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n34,561<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n41,751<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Total deliveries of vehicles <\/b>were 18,230 in the first quarter of 2023, representing a decrease of 17.9% from 22,204 for the fourth quarter of 2022.\n<\/li>\n
- XPENG\u2019s physical sales network <\/b>continued expansion with a total of425 stores, covering 145 cities as of March 31, 2023.\n<\/li>\n
- XPENG self-operated charging station network <\/b>reached 1,016 stations, including 816 XPENG self-operated supercharging stations and 200 destination charging stations as of March 31, 2023.\n<\/li>\n
- Total revenues <\/b>were RMB4.03 billion (US$0.59 billion) for the first quarter of 2023, representing a decrease of 45.9% from the same period of 2022, and a decrease of 21.5% from the fourth quarter of 2022.\n<\/li>\n
- Revenues from vehicle sales <\/b>were RMB3.51 billion (US$0.51 billion) for the first quarter of 2023, representing a decrease of 49.8% from the same period of 2022, and a decrease of 24.6% from the fourth quarter of 2022.\n<\/li>\n
- Gross margin <\/b>was 1.7% for the first quarter of 2023, compared with 12.2% for the same period of 2022 and 8.7% for the fourth quarter of 2022.\n<\/li>\n
- Vehicle margin<\/b>, which is gross profit or loss of vehicle sales as a percentage of vehicle sales revenue, was negative 2.5% for the first quarter of 2023, compared with 10.4% for the same period of 2022 and 5.7% for the fourth quarter of 2022.\n<\/li>\n
- Net loss <\/b>was RMB2.34 billion (US$0.34 billion) for the first quarter of 2023, compared with RMB1.70 billion for the same period of 2022 and RMB2.36 billion for the fourth quarter of 2022. Excluding share-based compensation expenses, non-GAAP net loss<\/b> was RMB2.21 billion (US$0.32 billion) in the first quarter of 2023, compared with RMB1.53 billion for the same period of 2022 and RMB2.21 billion for the fourth quarter of 2022.\n<\/li>\n
- Net loss attributable to ordinary shareholders of XPENG <\/b>was RMB2.34 billion (US$0.34 billion) for the first quarter of 2023, compared with RMB1.70 billion for the same period of 2022 and RMB2.36 billion in the fourth quarter of 2022. Excluding share-based compensation expenses, non-GAAP net loss attributable to ordinary shareholders of XPENG<\/b> was RMB2.21 billion (US$0.32 billion) for the first quarter of 2023, compared with RMB1.53 billion for the same period of 2022 and RMB2.21 billion for the fourth quarter of 2022.\n<\/li>\n
- Basic and diluted net loss per American depositary share (ADS) <\/b>were both RMB2.71 (US$0.40) and basic and diluted net loss per ordinary share<\/b> were both RMB1.36 (US$0.20) for the first quarter of 2023.\n<\/li>\n
- Non-GAAP basic and diluted net loss per ADS <\/b>were both RMB2.57 (US$0.37) and non-GAAP basic and diluted net loss per ordinary share<\/b> were both RMB1.28 (US$0.19) for the first quarter of 2023. Each ADS represents two Class A ordinary shares.\n<\/li>\n
- Cash and cash equivalents, restricted cash, short-term investments and time deposits <\/b>were RMB34.12 billion (US$4.97 billion) as of March 31, 2023, compared with RMB41.71 billion as of March 31, 2022 and RMB38.25 billion as of December 31, 2022. Time deposits include restricted short-term deposits, short-term deposits, restricted long-term deposits, current portion and non-current portion of long-term deposits.\n<\/li>\n<\/ul>\n
\n\n| \n Key Financial Results<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n(in RMB billions, except for percentage)<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n\u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n For the Three Months Ended<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n % Changei<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n March 31,<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n December 31,<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n March 31,<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n 2022<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n YoY<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n QoQ<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nVehicle sales<\/p>\n<\/td>\n | \n \n3.51<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n4.66<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n7.00<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-49.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-24.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nVehicle margin<\/p>\n<\/td>\n | \n \n-2.5%<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n5.7%<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n10.4%<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n-12.9pts<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-8.2pts<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nTotal revenues<\/p>\n<\/td>\n | \n \n4.03<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n5.14<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n7.45<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-45.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-21.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nGross profit<\/p>\n<\/td>\n | \n \n0.07<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n0.45<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n0.91<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-92.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-84.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nGross margin<\/p>\n<\/td>\n | \n \n1.7%<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n8.7%<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n12.2%<\/p>\n<\/td>\n | | \n\u00a0<\/td>\n | \n \n-10.5pts<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-7.0pts<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet loss<\/p>\n<\/td>\n | \n \n2.34<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n2.36<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1.70<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n37.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-1.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP net loss<\/p>\n<\/td>\n | \n \n2.21<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n2.21<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1.53<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n44.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n0.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet loss attributable to
\n
\u00a0\u00a0\u00a0ordinary shareholders<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n2.34<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n \n2.36<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n \n1.70<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n \n37.4<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n%<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n \n-1.0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP net loss
\n
\u00a0\u00a0\u00a0attributable to
\n
\u00a0\u00a0\u00a0ordinary shareholders<\/p>\n<\/td>\n | \n \n2.21<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n2.21<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n1.53<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n44.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n0.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nComprehensive loss
\n
\u00a0\u00a0\u00a0attributable to
\n
\u00a0\u00a0\u00a0ordinary shareholders<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2.58<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2.68<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.80<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n43.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n%<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n-3.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \ni Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented<\/p>\n Management Commentary<\/span><\/b><\/p>\n\n\u201cDuring the first quarter of 2023, I took actions to make changes to our strategy, organizational structure and senior management team decisively. I am fully confident in taking our Company into a virtuous cycle driving product sales growth, team morale, customer satisfaction and brand reputation over the next few quarters,\u201d said Mr. He Xiaopeng, Chairman and CEO of XPENG. \u201cG6, the first production model built on XPENG\u2019s next-generation technology architecture SEPA2.0, will be officially launched in June 2023. I believe the G6 will emerge as one of the most popular, best-selling models in China\u2019s NEV SUV market segment with price range between RMB200,000 to RMB300,000.\u201d<\/p>\n \n\u201cGoing forward, our top priority remains to accelerate growth in sales and market share,\u201d said Dr. Hongdi Brian Gu, Honorary Vice Chairman and Co-President of XPENG. \u201cAs the upcoming G6 launch and other new product launches fuel rapid sales growth, we expect our cash flow from operations to improve significantly.\u201d<\/p>\n Recen<\/span>t Developments<\/span><\/b><\/p>\nDeliveries in April 2023<\/b><\/p>\n\n- \nTotal deliveries were 7,079 vehicles in April 2023.<\/p>\n<\/li>\n
- \nAs of April 30, 2023, year-to-date total deliveries were 25,309 vehicles.<\/p>\n<\/li>\n<\/ul>\n
XPENG Introduced Next-Gen Technology Architecture \u2014 SEPA2.0<\/b><\/p>\n \nOn April 16, 2023, XPENG unveiled its next-generation end-to-end integrated technology architecture SEPA2.0 (Smart Electric Platform Architecture), which sets the foundation for future production models. SEPA2.0 optimizes R&D efficiency, lowers cost and enhances product experience.<\/p>\n Unaudite<\/span>d Financial Results for the Three Months Ended March 31, 2023<\/span><\/b><\/p>\nTotal revenues <\/b>were RMB4.03 billion (US$0.59 billion) for the first quarter of 2023, representing a decrease of 45.9% from RMB7.45 billion for the same period of 2022 and a decrease of 21.5% from RMB5.14 billion for the fourth quarter of 2022.<\/p>\n Revenues from vehicle sales <\/i>were RMB3.51 billion (US$0.51 billion) for the first quarter of 2023, representing a decrease of 49.8% from RMB7.00 billion for the same period of 2022 and a decrease of 24.6% from RMB4.66 billion for the fourth quarter of 2022. The year-over-year and quarter-over-quarter decreases were mainly attributable to lower vehicle deliveries and discontinuation of new energy vehicle subsidy.<\/p>\n Revenues from services and others <\/i>were RMB0.52 billion (US$0.08 billion) for the first quarter of 2023, representing an increase of 13.9% from RMB0.46 billion for the same period of 2022 and an increase of 8.4% from RMB0.48 billion for the fourth quarter of 2022. The year-over-year and quarter-over-quarter increases were mainly attributable to the increase of parts, supercharging service and other service sales, which is in line with higher accumulated vehicle sales.<\/p>\n Cost of sales <\/b>was RMB3.97 billion (US$0.58 billion) for the first quarter of 2023, representing a decrease of 39.4% from RMB6.54 billion for the same period of 2022 and a decrease of 15.5% from RMB4.70 billion for the fourth quarter of 2022. The year-over-year and quarter-over-quarter decreases were mainly in line with vehicle deliveries as described above.<\/p>\n Gross margin <\/b>was 1.7% for the first quarter of 2023, compared with 12.2% and 8.7% for the first quarter of 2022 and the fourth quarter of 2022, respectively.<\/p>\n Vehicle margin <\/b>was negative 2.5% for the first quarter of 2023, compared with 10.4% for the same period of 2022 and 5.7% for the fourth quarter of 2022. The year-over-year and quarter-over-quarter decreases were explained by increased sales promotions and the expiry of new energy vehicle subsidy mentioned above.<\/p>\n Research and development expenses <\/b>were RMB1.30 billion (US$0.19 billion) for the first quarter of 2023, representing an increase of 6.1% from RMB1.22 billion for the same period of 2022 and an increase of 5.3% from RMB1.23 billion for the fourth quarter of 2022. The year-over-year and quarter-over-quarter increases were mainly due to higher expenses relating to the development of new vehicles models to support future growth.<\/p>\n Selling, general and administrative expenses <\/b>were RMB1.39 billion (US$0.20 billion) for the first quarter of 2023, representing a decrease of 15.5% from RMB1.64 billion for the same period of 2022 and a decrease of 21.0% from RMB1.76 billion for the fourth quarter of 2022. The year-over-year and quarter-over-quarter decreases were mainly due to the decrease of commission to the franchised stores and lower marketing and advertising expenses.<\/p>\n Loss from operations <\/b>was RMB2.59 billion (US$0.38 billion) for the first quarter of 2023, compared with RMB1.92 billion for the same period of 2022 and RMB2.52 billion for the fourth quarter of 2022.<\/p>\n Non-GAAP loss from operations<\/b>, which excludes share-based compensation expenses, was RMB2.46 billion (US$0.36 billion) for the first quarter of 2023, compared with RMB1.75 billion for the same period of 2022 and RMB2.37 billion for the fourth quarter of 2022.<\/p>\n Net loss <\/b>was RMB2.34 billion (US$0.34 billion) for the first quarter of 2023, compared with RMB1.70 billion for the same period of 2022 and RMB2.36 billion for the fourth quarter of 2022.<\/p>\n Non-GAAP net loss<\/b>, which excludes share-based compensation expenses, was RMB2.21 billion (US$0.32 billion) for the first quarter of 2023, compared with RMB1.53 billion for the same period of 2022 and RMB2.21 billion for the fourth quarter of 2022.<\/p>\n Net loss attributable to ordinary shareholders of XPENG <\/b>was RMB2.34 billion (US$0.34 billion) for the first quarter of 2023, compared with RMB1.70 billion for the same period of 2022 and RMB2.36 billion for the fourth quarter of 2022.<\/p>\n Non-GAAP net loss attributable to ordinary shareholders of XPENG<\/b>, which excludes share-based compensation expenses, was RMB2.21 billion (US$0.32 billion) for the first quarter of 2023, compared with RMB1.53 billion for the same period of 2022 and RMB2.21 billion for the fourth quarter of 2022.<\/p>\n Basic and diluted net loss per ADS <\/b>were both RMB2.71 (US$ 0.40) for the first quarter of 2023, compared with RMB2.00 for the first quarter of 2022 and RMB2.74 for the fourth quarter of 2022.<\/p>\n Non-GAAP basic and diluted net loss per ADS <\/b>were both RMB2.57 (US$ 0.37) for the first quarter of 2023, compared with RMB1.80 for the first quarter of 2022 and RMB2.57 for the fourth quarter of 2022.<\/p>\n Balanc<\/span>e Sheets<\/span><\/b><\/p>\n\nAs of March 31, 2023, the Company had cash and cash equivalents, restricted cash, short-term investments and time deposits of RMB34.12 billion (US$4.97 billion), compared with RMB41.71 billion as of March 31, 2022 and RMB38.25 billion as of December 31, 2022.<\/p>\n Business Outlook<\/span><\/b><\/p>\n\nFor the second quarter of 2023<\/b>, the Company expects:<\/p>\n\n- Deliveries of vehicles <\/b>to be between 21,000 and 22,000, representing a year-over-year decrease of approximately 36.1% to 39.0%.\n<\/li>\n
- Total revenues <\/b>to be between RMB4.5 billion and RMB4.7 billion, representing a year-over-year decrease of approximately 36.8% to 39.5%.\n<\/li>\n<\/ul>\n
\nThe above outlook is based on the current market conditions and reflects the Company\u2019s preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.<\/p>\n Conferenc<\/span>e Call<\/span><\/b><\/p>\n\nThe Company\u2019s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 24, 2023 (8:00 PM Beijing\/Hong Kong Time on May 24, 2023).<\/p>\n \nFor 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.<\/p>\n \n\n| \n \nEvent Title:<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \nXPENG First Quarter 2023 Earnings Conference Call<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-registration link:<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n https:\/\/s1.c-conf.com\/diamondpass\/10030387-tfg8sj.html<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\nAdditionally, a live and archived webcast of the conference call will be available on the Company\u2019s investor relations website at http:\/\/ir.xiaopeng.com.<\/a><\/p>\n\nA replay of the conference call will be accessible approximately two hours after the conclusion of the call until May 31, 2023, by dialing the following telephone numbers:<\/p>\n \n\n| \n \nUnited States:<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n+1-855-883-1031<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nInternational:<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n+61-7-3107-6325<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nHong Kong, China:<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n800-930-639<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nMainland China:<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n400-120-9216<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nReplay Access Code:<\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n10030387<\/p>\n<\/td>\n<\/tr>\n<\/table>\n About XPENG<\/b><\/p>\n \nXPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers\u2019 mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical\/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company\u2019s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https:\/\/heyXPENG.com<\/a>.<\/p>\nUse of Non-GAAP Financial Measures<\/b><\/p>\n \nThe 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\u2019s 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\u2019s management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company\u2019s operating performance, investors should not consider them in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company\u2019s performance.<\/p>\n \nFor more information on the non-GAAP financial measures, please see the table captioned \u201cUnaudited Reconciliations of GAAP and non-GAAP Results\u201d set forth in this announcement.<\/p>\n Exchange Rate Information<\/b><\/p>\n \nThis announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.8676 to US$1.00, the exchange rate on March 31, 2023, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.<\/p>\n Safe Harbor Statement<\/b><\/p>\n \nThis announcement contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates\u201d and similar statements. Statements that are not historical facts, including statements about XPENG\u2019s 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\u2019s goal and strategies; XPENG\u2019s expansion plans; XPENG\u2019s future business development, financial condition and results of operations; the trends in, and size of, China\u2019s EV market; XPENG\u2019s expectations regarding demand for, and market acceptance of, its products and services; XPENG\u2019s 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\u2019s filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n \n\n| \n XPENG INC.<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n(All amounts in thousands, except for ADS\/ordinary share and per ADS\/ordinary share data)<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n\n \nDecember 31,<\/p>\n<\/td>\n | | \n\n March 31,<\/b><\/p>\n<\/td>\n | | \n\n March 31,<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\n \n2022<\/p>\n<\/td>\n | | \n\n 2023<\/b><\/p>\n<\/td>\n | | \n\n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\n RMB<\/i><\/p>\n<\/td>\n | | \n\n RMB<\/i><\/b><\/p>\n<\/td>\n | | \n\n US$<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n ASSETS<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| \n Current assets<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| \n \nCash and cash equivalents<\/p>\n<\/td>\n | | \n\n \n14,607,774<\/p>\n<\/td>\n | | \n\n 8,826,056<\/b><\/p>\n<\/td>\n | | \n\n 1,285,173<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nRestricted cash<\/p>\n<\/td>\n | | \n\n \n106,272<\/p>\n<\/td>\n | | \n\n 312,437<\/b><\/p>\n<\/td>\n | | \n\n 45,494<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nShort-term deposits<\/p>\n<\/td>\n | | \n\n \n14,921,688<\/p>\n<\/td>\n | | \n\n 13,279,498<\/b><\/p>\n<\/td>\n | | \n\n 1,933,645<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nRestricted short-term deposits<\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | | \n\n 1,010,000<\/b><\/p>\n<\/td>\n | | \n\n 147,067<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nShort-term investments<\/p>\n<\/td>\n | | \n\n \n1,262,129<\/p>\n<\/td>\n | | \n\n 1,598,566<\/b><\/p>\n<\/td>\n | | \n\n 232,769<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nLong-term deposits, current portion<\/p>\n<\/td>\n | | \n\n \n427,466<\/p>\n<\/td>\n | | \n\n 970,681<\/b><\/p>\n<\/td>\n | | \n\n 141,342<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nAccounts and notes receivable, net<\/p>\n<\/td>\n | | \n\n \n3,872,846<\/p>\n<\/td>\n | | \n\n 3,743,425<\/b><\/p>\n<\/td>\n | | \n\n 545,085<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nInstallment payment receivables, net, current portion<\/p>\n<\/td>\n | | \n\n \n1,294,665<\/p>\n<\/td>\n | | \n\n 1,413,029<\/b><\/p>\n<\/td>\n | | \n\n 205,753<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nInventory<\/p>\n<\/td>\n | | \n\n \n4,521,373<\/p>\n<\/td>\n | | \n\n 4,324,646<\/b><\/p>\n<\/td>\n | | \n\n 629,717<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nAmounts due from related parties<\/p>\n<\/td>\n | | \n\n \n47,124<\/p>\n<\/td>\n | | \n\n 33,806<\/b><\/p>\n<\/td>\n | | \n\n 4,923<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nPrepayments and other current assets<\/p>\n<\/td>\n | | \n\n \n2,466,084<\/p>\n<\/td>\n | | \n\n 2,547,619<\/b><\/p>\n<\/td>\n | | \n\n 370,962<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Total current assets<\/b><\/p>\n<\/td>\n | | \n\n \n43,527,421<\/p>\n<\/td>\n | | \n\n 38,059,763<\/b><\/p>\n<\/td>\n | | \n\n 5,541,930<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n Non-current assets<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| \n \nLong-term deposits<\/p>\n<\/td>\n | | \n\n \n6,926,450<\/p>\n<\/td>\n | | \n\n 7,570,857<\/b><\/p>\n<\/td>\n | | \n\n 1,102,402<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nRestricted long-term deposits<\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | | \n\n 550,000<\/b><\/p>\n<\/td>\n | | \n\n 80,086<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nProperty, plant and equipment, net<\/p>\n<\/td>\n | | \n\n \n10,606,745<\/p>\n<\/td>\n | | \n\n 10,880,076<\/b><\/p>\n<\/td>\n | | \n\n 1,584,262<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nRight-of-use assets, net<\/p>\n<\/td>\n | | \n\n \n1,954,618<\/p>\n<\/td>\n | | \n\n 1,916,406<\/b><\/p>\n<\/td>\n | | \n\n 279,050<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nIntangible assets, net<\/p>\n<\/td>\n | | \n\n \n1,042,972<\/p>\n<\/td>\n | | \n\n 1,115,110<\/b><\/p>\n<\/td>\n | | \n\n 162,373<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nLand use rights, net<\/p>\n<\/td>\n | | \n\n \n2,747,854<\/p>\n<\/td>\n | | \n\n 2,735,807<\/b><\/p>\n<\/td>\n | | \n\n 398,364<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nInstallment payment receivables, net<\/p>\n<\/td>\n | | \n\n \n2,188,643<\/p>\n<\/td>\n | | \n\n 2,187,485<\/b><\/p>\n<\/td>\n | | \n\n 318,522<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nLong-term investments<\/p>\n<\/td>\n | | \n\n \n2,295,032<\/p>\n<\/td>\n | | \n\n 2,276,929<\/b><\/p>\n<\/td>\n | | \n\n 331,547<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nOther non-current assets<\/p>\n<\/td>\n | | \n\n \n201,271<\/p>\n<\/td>\n | | \n\n 166,602<\/b><\/p>\n<\/td>\n | | \n\n 24,259<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Total non-current assets<\/b><\/p>\n<\/td>\n | | \n\n \n27,963,585<\/p>\n<\/td>\n | | \n\n 29,399,272<\/b><\/p>\n<\/td>\n | | \n\n 4,280,865<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Total assets<\/b><\/p>\n<\/td>\n | | \n\n \n71,491,006<\/p>\n<\/td>\n | | \n\n 67,459,035<\/b><\/p>\n<\/td>\n | | \n\n 9,822,795<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n| \n XPENG INC.<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n(All amounts in thousands, except for ADS\/ordinary share and per ADS\/ordinary share data)<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n\n \nDecember 31,<\/p>\n<\/td>\n | | \n\n March 31,<\/b><\/p>\n<\/td>\n | | \n\n March 31,<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n\n \n2022<\/p>\n<\/td>\n | | \n\n 2023<\/b><\/p>\n<\/td>\n | | \n\n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n\n RMB<\/i><\/p>\n<\/td>\n | | \n\n RMB<\/i><\/b><\/p>\n<\/td>\n | | \n\n US$<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n LIABILITIES<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n Current liabilities<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nShort-term borrowings<\/p>\n<\/td>\n | \n \n2,419,210<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 3,609,210<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 525,542<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAccounts and notes payable<\/p>\n<\/td>\n | \n \n14,222,856<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 11,448,089<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 1,666,971<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAmount due to related parties<\/p>\n<\/td>\n | \n \n91,111<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 29,765<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 4,334<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating lease liabilities, current portion<\/p>\n<\/td>\n | \n \n490,811<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 480,955<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 70,032<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nFinance lease liabilities, current portion<\/p>\n<\/td>\n | \n \n128,279<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 99,054<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 14,423<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred revenue, current portion<\/p>\n<\/td>\n | \n \n389,243<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 414,483<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 60,353<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nLong-term borrowings, current portion<\/p>\n<\/td>\n | \n \n761,859<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 689,178<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 100,352<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAccruals and other liabilities<\/p>\n<\/td>\n | \n \n5,583,829<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 5,837,433<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 849,996<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIncome taxes payable<\/p>\n<\/td>\n | \n \n27,655<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 24,174<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 3,520<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total current liabilities<\/b><\/p>\n<\/td>\n | \n \n24,114,853<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 22,632,341<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 3,295,523<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n Non-current liabilities<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nLong-term borrowings<\/p>\n<\/td>\n | \n \n4,613,057<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 5,112,882<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 744,493<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating lease liabilities<\/p>\n<\/td>\n | \n \n1,854,576<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 1,825,683<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 265,840<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nFinance lease liabilities<\/p>\n<\/td>\n | \n \n797,743<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 792,932<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 115,460<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDeferred revenue<\/p>\n<\/td>\n | \n \n694,006<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 697,122<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 101,509<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther non-current liabilities<\/p>\n<\/td>\n | \n \n2,506,106<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 1,943,683<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 283,022<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total non-current liabilities<\/b><\/p>\n<\/td>\n | \n \n10,465,488<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 10,372,302<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 1,510,324<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total liabilities<\/b><\/p>\n<\/td>\n | \n \n34,580,341<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 33,004,643<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 4,805,847<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n SHAREHOLDERS\u2019 EQUITY<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| \n \nClass A Ordinary shares<\/p>\n<\/td>\n | \n \n92<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 92<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 13<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nClass B Ordinary shares<\/p>\n<\/td>\n | \n \n21<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 21<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 3<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAdditional paid in capital<\/p>\n<\/td>\n | \n \n60,691,019<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 60,815,657<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 8,855,445<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nStatutory reserves<\/p>\n<\/td>\n | \n \n6,425<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 6,425<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 936<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAccumulated deficit<\/p>\n<\/td>\n | \n \n(25,330,916<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n (27,667,874<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n (4,028,754<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nAccumulated other comprehensive income<\/p>\n<\/td>\n | \n \n1,544,024<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |