『Part of Xiaopeng Automobile's prospectus』
As of the end of July 2020, the cumulative deliveries of Xiaopeng G3 were 18,741 units; the deliveries of Xiaopeng P7 have reached 1,966 units, of which the single-month sales volume in July was 1,641 units. As a result, the cumulative delivery of Xiaopeng automobile has reached 20,707 units. At the revenue level, in 2019, Xiaopeng Auto's revenue was RMB 2.32 billion, the R&D investment in the year was RMB 20.7 billion, and the net loss for the year was RMB 3.69 billion.In the first half of 2020, Xiaopeng Auto's revenue was RMB 1.003 billion, which declined compared to RMB 1.23 billion in the same period of last year, mainly because of the impact of the following reasons: firstly, the first car G3 was in the full year of 2018 Orders were concentrated to be delivered in Q2 2019, resulting in a higher base; secondly, car sales in the first half of 2020 were negatively impacted by the new crown epidemic. The Xiaopeng P7, which was just launched in May 2020, sold 1,641 units in a single month in July, and the prospectus said that the car will be one of the main models to drive revenue growth in the next. The cash portion of the book, as of the second quarter of 2020, Xiaopeng car on the books of cash assets totaling 2,118.3 million yuan. In addition, Xiaopeng Auto completed C+ and C++ rounds of financing in July and August, totaling more than $947 million. before the IPO, Xiaopeng Auto is expected to hold a total of more than RMB 9.5 billion in cash-like assets. Before the IPO, the management of Xiaopeng Auto's shareholding reached 40.9%, with He Xiaopeng holding 31.6% as the largest shareholder, Ali holding 14.4% as the largest external shareholder, and other shareholders including Xiaomi, GGV Giga Resources Capital, Morningside Capital, Gao Tiling, Sequoia, and Qatar Investment Authority, among others.『Small Peng Automobile P7』
From a product perspective, Xiaopeng Automobile has launched two models, the G3 and P7. The prospectus disclosed that Xiaopeng Auto will plan to launch an intelligent electric compact sedan in 2021. As of June 30, 2020, Xiaopeng Automobile has 147 experience stores in the country***, covering 52 major cities across the country. The Xiaopeng G3 is produced by Xiaopeng Automobile in cooperation with Haima Automobile. In addition, Xiaopeng Auto has established its own factory in Zhaoqing, Guangdong Province, with annual production capacity of 150,000 units and 100,000 units for the two factories respectively. In addition, Xiaopeng's IPO offering price range and the number of shares to be issued have not yet been determined, and the amount of financing is temporarily uncertain. the $100 million listed in the prospectus is only a placeholder for routine disclosure, and does not represent the actual amount of financing for this IPO. the IPO financing and valuation ranges will be disclosed in the prospectus that will be updated thereafter.Editor's comment:
After launching the Xiaopeng G3 and P7, Xiaopeng Auto has "finally" filed its IPO prospectus, preparing to go public. In fact, Xiaopeng Auto completed two rounds of financing in July and August, more than enough cash on the books, but also make this IPO more confident. Xiaopeng car as the third listed Chinese car-making new forces, we also look forward to its future in the stock market can have a good performance. (Source: Snowball; compiled by AutoNews? Zhang Xuelian)