On September 29, XPENG-W fell 3.12% in regular trading, trading at HK$37.9/share, with turnover of HK$156 million. The decline came as the company's recently disclosed first-half results revealed a significant deterioration in profitability alongside broad weakness in the automobile manufacturing sector.

XPENG-W reported H1 revenue of RMB 32.78 billion, down 3.8% year-over-year. The non-GAAP adjusted net loss widened sharply to RMB 2.92 billion from RMB 810 million in the prior-year period. R&D expenditure surged 39.0% to RMB 5.82 billion, driven by new model development and AI-related technology investments. Operating cash flow swung from a net inflow of RMB 7.64 billion to a net outflow of RMB 11.72 billion, signaling accelerated cash burn. Meanwhile, the company is consolidating its product lines from four to two to improve margins, as lower-end models have diluted overall gross profit.

Sector-wide headwinds compounded the pressure. Within the Automobile Manufacturers sector, Geely Auto fell 8.41%, Leapmotor declined 3.37%, BYD Company dropped 2.83%, and Li Auto slipped 2.45%. JPMorgan also recently reduced its long position in XPENG-W below the 5% disclosure threshold.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)