Twitter posts remarkable quarterly earnings, quarterly loss reduces to a 5-year minimum level
In an exciting development, X Profilepeng, the electric vehicle (EV) company, has announced its financial results for the second quarter of 2025. The company reported a record-breaking quarterly revenue of RMB 18.27 billion ($2.55 billion), a significant year-on-year increase.
The company's revenue from vehicle sales alone was RMB 16.88 billion, while service and other revenue amounted to RMB 1.39 billion. However, the quarter-on-quarter decrease in service and other revenue was primarily due to fluctuations in revenue from technology R&D services.
X Profilepeng's financials also revealed a new low for the net loss since the third quarter of 2020, with a net loss of RMB 480 million for the second quarter. Under non-GAAP, the adjusted net loss for the same period was RMB 390 million.
The company's financial growth can be attributed to several factors. The year-on-year increase in service and other revenue was primarily attributable to growth in revenue from parts and accessories sales. Additionally, R&D expenses for the quarter were RMB 2.21 billion, up 50.4 percent year-on-year and up 11.4 percent quarter-on-quarter.
X Profilepeng's financial success is not limited to its bottom line. The company achieved a record-high gross margin of 17.3 percent in the second quarter, up from 14.0 percent in Q2 2024 and 15.6 percent in Q1 2025. The Q2 vehicle margin also increased to a record 14.3 percent, compared to 6.4 percent in Q2 2024 and 10.5 percent in Q1 2025.
SG&A expenses for the quarter were RMB 2.17 billion, up 37.7 percent year-on-year and up 11.4 percent quarter-on-quarter. The Q2 service and others margin was 53.6 percent, compared to 54.3 percent in Q2 2024 and 66.4 percent in Q1 2025.
In terms of deliveries, the company delivered a record 103,181 vehicles in the second quarter, representing a year-on-year increase of 241.58 percent and a quarter-on-quarter increase of 9.76 percent. The company expects Q3 vehicle deliveries to be between 113,000 and 118,000 units, also representing a significant year-on-year increase.
In addition to its financial success, X Profilepeng has also expanded its tech partnership with VW to cover gasoline and plug-in hybrid platforms. The companies that formed a technical partnership with X Profilepeng in the second quarter have not been publicly disclosed.
As of June 30, 2025, the company held RMB 47.57 billion in cash and related assets, up from RMB 41.96 billion at the end of 2024. The company's continued financial growth and strategic partnerships position it well for future success in the EV market.
The company's Q3 revenue guidance is between RMB 19.6 billion and RMB 21.0 billion, also representing a significant year-on-year increase. With its record-breaking quarterly revenue and expanded tech partnerships, X Profilepeng is poised for continued growth in the EV industry.
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