XPENG-W (09868) opened more than 8% lower on Tuesday, with shares last trading down 8.18% at HK$43.78, on turnover of HK$23.89 million.

The decline follows the company's first-half 2026 results released on August 24, which showed total revenue of RMB 32.78 billion, down 3.8% year-on-year, while net loss widened 173.35% to RMB 3.12 billion.

For the second quarter alone, XPENG-W (09868) posted revenue of RMB 19.74 billion, up 8% year-on-year and 51.5% quarter-on-quarter. However, net loss expanded nearly 1.8 times year-on-year to RMB 1.34 billion, though it narrowed 25.1% sequentially.

During the first half, total vehicle deliveries reached 165,977 units, a decline of 15.8% compared to the same period last year.

Looking ahead, the company guided third-quarter deliveries of 115,000 to 121,000 vehicles, representing a year-on-year change of approximately -0.87% to 4.30%, significantly below the market consensus of around 147,000 units. Revenue guidance of RMB 21.7 billion to RMB 23.4 billion, implying growth of 6.5% to 14.8% year-on-year, also fell well short of the estimated RMB 27.26 billion.