HK Stock Market Move | XPENG-W(09868) drops more than 5% and will release full year performance today. CICC previously downgraded its profit forecast.

XPENG-W(09868) fell more than 5%, temporarily leading the decline among new energy vehicle stocks. As of the time of writing, it has fallen by 5.1%, trading at 71.6 Hong Kong dollars, with a turnover of 1.313 billion Hong Kong dollars. On the news front, Xiaopeng Motors will release its fourth quarter and full-year performance for 2025 today. Zhongjin previously pointed out that based on the increase in expenses and market competition in 2025, it revised its profit forecast for 2025 to a loss of 1.13 billion yuan (previously a loss of 780 million yuan). Dahua Jixian, on the other hand, maintains Xiaopeng's 2025 net loss forecast at 1.481 billion yuan, which means the net profit forecast for the fourth quarter of 2025 is 42 million yuan, while the market consensus forecast is 100 million yuan.