Lates News

CICC issued a research report stating that the current stock price of Xiaopeng Motors-W (09868) in Hong Kong and the United States corresponds to a P/S ratio of 1.6x in 2025. They maintain an outperform rating and profit forecast. The target for the Hong Kong and US stocks is HK$108 and US$28 respectively, representing upside potential of 40% and 35% corresponding to a P/S ratio of 2.2x in 2025. The company announced its 2Q25 performance with revenue of 18.274 billion yuan and a non-GAAP loss of 385 million yuan. Economies of scale have driven significant improvements in gross profit margins, leading to performance exceeding market and industry expectations.