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Global Buyers Convene in the Lighting Capital for Efficient Deals and Business Opportunities; Global Buyer Spring Sourcing Fair Paves a “Fast Track” for Cross-Border Procurement

ZHONGSHAN, China, March 20, 2026 /PRNewswire/ — On the third day of the 34th Guzhen Lighting Fair, the exhibition hall was bustling with activity. Buyers and exhibitors from around the globe engaged in enthusiastic exchanges, while the sounds of inquiries and negotiations echoed throughout the venue, creating a lively and dynamic atmosphere.

The “Global Buyers Spring Sourcing”, a highlight of this exhibition, has successfully concluded. More than 100 influential overseas buyers gathered to participate in two core sessions: the “Denggle.com Business Matching” and the ” Interstellar Plaza Sourcing Tour.” This event created a trade platform that seamlessly integrates precise matchmaking, in-depth communication, and on-site visits for both suppliers and buyers.

01 Denggle.com Business Matching: Precise alignment of supply and demand for mutual cooperation and success

This year’s Global Buyers Spring Sourcing successfully hosted three Online Lighting Business Matching, where hundreds of overseas buyers engaged in precise and efficient communication with carefully selected premium exhibitors. The event was packed, and the negotiation atmosphere was lively.

At this session of Lighting Fair, the business matching for the Malaysian buyer group served as a vital bridge for precisely connecting with overseas resources and facilitating China-Malaysia lighting trade cooperation. It brought together influential buyers from fields such as retail distribution, real estate, architectural design, civil engineering, electrical engineering, and lighting wholesale. To ensure efficient negotiations, Guzhen Lighting Fair pre-matched each buyer with the most suitable exhibitors based on the specific procurement lists submitted prior to the event. Both parties engaged in in-depth discussions regarding purchase needs, product details, and cooperation models, leading to precise and effective on-site communication.

The other two business matching events were equally remarkable with target on the key buyers from Russia, Southeast Asia, West Asia, Europe, Africa, and South America. These meetings continued the efficient service model of “precise pre-event matching”, allowing suppliers and buyers to effectively connect through one-on-one negotiations. Due to the smooth communication, many exhibitors secured purchase intentions.

02 Interstellar Plaza Sourcing Tour: In-depth exploration of the source market for on-site product selection

In addition to the business matching at the main venue, the Global Buyers Spring Sourcing also organized the Interstellar Plaza Sourcing Tour. This event invited the Malaysian buyer group to experience the distinctive “Exhibition- Megastore Linkage” model, enabling them to gain a deeper understanding of Guzhen’s lighting industry chain through a combination of open negotiations and on-site visits.

During the event, a representative from Interstellar Plaza delivered a speech, providing a detailed introduction to the diverse lighting brands, innovative designs, and comprehensive supporting services available at the plaza, highlighting Guzhen’s strong supply chain advantages as a leading hub for lighting production. Subsequently, a buyer representative shared insights into the current consumer trends and specific demands of the Malaysian lighting market, offering valuable overseas market forecast to the merchants in attendance. Subsequently, a merchant representative spoke, warmly welcoming the overseas buyers and briefly introducing the product features and service advantages of their respective stores, providing additional information for the buyers’ store visits.

During the afternoon tea session, buyers and merchants gathered to discuss purchase needs and product features, establishing a robust foundation for the subsequent on-site visits. After the session, the buyer group, guided by staff, made on-site visits to several representative brand stores within the plaza. They gained an in-depth understanding of product craftsmanship and details and engaged in one-on-one discussions with merchants regarding purchase intentions. This provided overseas buyers with a more direct appreciation of the quality and strength of Guzhen manufacturing.

By combining precise matchmaking with on-site inspections, the Global Buyers Spring Sourcing has successfully facilitated mutual benefits for both suppliers and buyers, highlighting the effectiveness and value of the Guzhen Lighting Fair as a trade platform.

 

SCANOLOGY Introduces SIMSCAN-S Gen2, Palm-Sized 3D Scanner Delivering 0.015 mm Accuracy for High-Precision Inspection

New handheld system helps manufacturers verify critical geometries, accelerate inspection workflows, and reduce costly rework.

HANGZHOU, China, March 20, 2026 /PRNewswire/ — Earlier this month, SCANOLOGY, a leading 3D scanning solution provider, announced the launch of the SIMSCAN-S Gen2, a new generation of palm-sized 3D scanner designed to help manufacturers perform high-precision inspections with greater confidence, speed, and flexibility.

Manufacturers are now required to verify micron-level accuracy while reducing inspection time and minimizing costly rework. The SIMSCAN-S Gen2 3D scanner addresses these challenges by combining metrology-grade accuracy, advanced geometric control, and high-speed data capture in a compact and fully wireless device.

High-Performance 3D Inspection

The SIMSCAN-S series is designed to meet these demanding inspection requirements. With dense, metrology-grade point clouds and accuracy up to 0.015 mm, the scanner captures detailed 3D data of holes, cylinders, and critical surfaces, providing a reliable foundation for complex dimensional analysis.

  • Fitting cylinders to holes to measure hole-to-hole distances
  • Extracting cross-sections to measure distances and radii
  • Comparing scan data with CAD models to generate deviation color maps
  • Conducting virtual assembly to evaluate gaps and overall fit

From Experience-Based to Data-Driven Quality Control

Unlike traditional inspection methods that rely on limited measurement points, SIMSCAN-S captures complete 3D surface data and compares it directly with CAD models.

The resulting color-map visualization clearly highlights even subtle deviations, allowing engineers to quickly identify potential issues in functional surfaces, machined features, and assembly-critical areas.

This shift toward data-driven inspection helps manufacturers improve traceability, reduce human error, and make faster quality decisions.

Compact, Wireless, and Built for Real-World Environments

Despite its powerful performance, the SIMSCAN-S Gen2 remains highly portable, featuring a 560 g magnesium-alloy body for easy handling during extended use.

Its fully wireless design, powered by edge computing and wireless data transmission, enables flexible scanning in confined, elevated, or complex environments without cables.

An integrated display provides real-time feedback to ensure data quality and efficient workflows.

Capture More Data, Faster

The SIMSCAN-S Gen2 delivers high-speed scanning performance with:

126 blue laser lines
Up to 8.1 million measurements per second
Frame rates up to 180 FPS

This enables engineers to capture large volumes of detailed 3D data quickly, even when scanning complex or intricate geometries.

As smart manufacturing continues to evolve, high-quality 3D data will play an increasingly important role in predictive maintenance, process optimization, and closed-loop quality control.

XPENG Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results

  • The Company achieved a positive net profit of RMB0.38 billion in the fourth quarter of 2025, recorded a positive net profit for a single quarter for the first time.
  • Cash position[i] was RMB47.66 billion (US$6.81 billion) as of December 31, 2025
  • Quarterly total revenues were RMB22.25 billion, a 38.2% increase year-over-year
  • Quarterly gross margin was 21.3%, an increase of 6.9 percentage points over the same period of 2024
  • Quarterly vehicle margin was 13.0%, an increase of 3.0 percentage points over the same period of 2024
  • Full year vehicle deliveries reached 429,445, a 125.9% increase year-over-year
  • Full year revenues reached RMB76.72 billion, an 87.7% increase year-over-year
  • Full year gross margin was 18.9%, an increase of 4.6 percentage points year-over-year

GUANGZHOU, China, March 20, 2026 /PRNewswire/ — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its unaudited financial results for the three months and fiscal year ended December 31, 2025.

Operational and Financial Highlights for the Three Months Ended December 31, 2025

2025Q4

2025Q3

2025Q2

2025Q1

2024Q4

2024Q3

Total deliveries

116,249

116,007

103,181

94,008

91,507

46,533

  • Total deliveries of vehicles were 116,249 for the fourth quarter of 2025, representing an increase of 27.0% from 91,507 in the corresponding period of 2024.
  • XPENG’s physical sales network had a total of 721 stores, covering 255 cities as of December 31, 2025.
  • XPENG self-operated charging station network reached 3,159 stations, including 2,108 XPENG ultra-fast charging stations as of December 31, 2025.
  • Total revenues were RMB22.25 billion (US$3.18 billion) for the fourth quarter of 2025, representing an increase of 38.2% from the same period of 2024, and an increase of 9.2% from the third quarter of 2025.
  • Revenues from vehicle sales were RMB19.07 billion (US$2.73 billion) for the fourth quarter of 2025, representing an increase of 30.0% from the same period of 2024, and an increase of 5.6% from the third quarter of 2025.
  • Gross margin was 21.3% for the fourth quarter of 2025, compared with 14.4% for the same period of 2024 and 20.1% for the third quarter of 2025.
  • Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was 13.0% for the fourth quarter of 2025, compared with 10.0% for the same period of 2024 and 13.1% for the third quarter of 2025.
  • Net profit was RMB0.38 billion (US$0.05 billion) for the fourth quarter of 2025, compared with a loss of RMB1.33 billion for the same period of 2024 and a loss of RMB0.38 billion for the third quarter of 2025. Excluding share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, non-GAAP net profit was RMB0.51 billion (US$0.07 billion) for the fourth quarter of 2025, compared with a loss of RMB1.39 billion for the same period of 2024 and a loss of RMB0.15 billion for the third quarter of 2025.
  • Net profit attributable to ordinary shareholders of XPENG was RMB0.38 billion (US$0.05 billion) for the fourth quarter of 2025, compared a loss of with RMB1.33 billion for the same period of 2024 and a loss of RMB0.38 billion for the third quarter of 2025. Excluding share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, non-GAAP net profit attributable to ordinary shareholders of XPENG was RMB0.51 billion (US$0.07 billion) for the fourth quarter of 2025, compared with a loss of RMB1.39 billion for the same period of 2024 and a loss of RMB0.15 billion for the third quarter of 2025.
  • Basic and diluted net profit per American depositary share (ADS) were both RMB0.40 (US$0.06) and basic and diluted net profit per ordinary share were both RMB0.20 (US$0.03) for the fourth quarter of 2025. Each ADS represents two Class A ordinary shares.
  • Non-GAAP basic and diluted net profit per ADS were RMB0.53 (US$0.08) and RMB0.52 (US$0.07), respectively, and non-GAAP basic and diluted net profit per ordinary share were both RMB0.26 (US$0.04) for the fourth quarter of 2025.
  • Cash position was RMB47.66 billion (US$6.81 billion) as of December 31, 2025, compared with RMB41.96 billion as of December 31, 2024.

 

[i]   Cash position includes cash and cash equivalents, restricted cash, short-term investments and time deposits. Time deposits include restricted
     short-term deposits, short-term deposits, current portion and non-current portion of restricted long-term deposits, current portion and non-current
     portion of long-term deposits.

 

Key Financial Results

(in RMB billions, except for percentage)

For the Three Months Ended

     % Change[ii]

December 31,

September 30,

December 31,

2025

2025

2024

YoY

QoQ

Vehicle sales

19.07

18.05

14.67

30.0 %

5.6 %

Vehicle margin

13.0 %

13.1 %

10.0 %

3.0 pts

-0.1pts

Total revenues

22.25

20.38

16.11

38.2 %

9.2 %

Gross profit

4.74

4.10

2.32

104.0 %

15.5 %

Gross margin

21.3 %

20.1 %

14.4 %

6.9 pts

1.2 pts

Net profit (loss)

0.38

(0.38)

(1.33)

128.8 %

200.6 %

Non-GAAP net profit (loss)

0.51

(0.15)

(1.39)

136.3 %

432.6 %

Net profit (loss) attributable to
      ordinary shareholders

0.38

(0.38)

(1.33)

128.8 %

200.6 %

Non-GAAP net profit (loss)
      attributable to ordinary
      shareholders

0.51

(0.15)

(1.39)

136.3 %

432.6 %

Comprehensive profit (loss)
      attributable to ordinary
      shareholders

0.22

(0.50)

(0.90)

124.2 %

143.1 %

[ii]     Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented

Management Commentary

“In 2025, XPENG delivered a total of 429,445 vehicles, representing a 125.9% year-over-year increase. We continue to push the boundaries of Physical AI, accelerating the mass production and commercialization of product innovations as we expand our global footprint,” said Mr. Xiaopeng He, Chairman and CEO of XPENG. “I believe XPENG is at a historical inflection point for Physical AI applications. Our goal is not only to grow our global market share of AI-defined vehicles and bridge the gap from L2+ assisted driving to L4 autonomous driving, but also to bring our second-generation VLA model to international markets and achieve scale production of advanced humanoid robots.”

“In the fourth quarter of 2025, XPENG’s gross margin reached 21.3%, reaching a new record high, with net profit hitting RMB0.38 billion. By leveraging a business model driven by technological leadership, we have established a profitability path that sets us apart from traditional automakers,” added Dr. Hongdi Brian Gu, Vice Chairman and Co-President of XPENG. “Our cash on hand of RMB47.66 billion at 2025 year-end provides a solid foundation for our unwavering investment in Physical AI R&D.”

Recent Developments

Deliveries in January and February 2026

  • Total deliveries were 20,011 vehicles in January 2026.
  • Total deliveries were 15,256 vehicles in February 2026.
  • As of February 28, 2026, year-to-date total deliveries were 35,267 vehicles.

Deployment Progress and Technological breakthroughs of VLA 2.0 Intelligent Driving System

During XPENG’s “The Future” VLA Media Experience Day on March 2, 2026, the company unveiled the architecture and deployment plan for its VLA 2.0 intelligent driving system.

Unaudited Financial Results for the Three Months Ended December 31, 2025

Total revenues were RMB22.25 billion (US$3.18 billion) for the fourth quarter of 2025, representing an increase of 38.2% from RMB16.11 billion for the same period of 2024 and an increase of 9.2% from RMB20.38 billion for the third quarter of 2025.

Revenues from vehicle sales were RMB19.07 billion (US$2.73 billion) for the fourth quarter of 2025, representing an increase of 30.0% from RMB14.67 billion for the same period of 2024, and an increase of 5.6% from RMB18.05 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly attributable to higher deliveries.

Revenues from services and others were RMB3.18 billion (US$0.45 billion) for the fourth quarter of 2025, representing an increase of 121.9% from RMB1.43 billion for the same period of 2024 and an increase of 36.7% from RMB2.33 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily attributable to the increased revenues from (i) technical research and development services (“technical R&D services“) rendered to a car manufacturer (the “Manufacturer“) with the successful achievement of certain key milestones in the current quarter, under the agreement entered into with the Manufacturer; (ii) parts and accessories sales in line with higher accumulated vehicle sales; and (iii) carbon credit trading.

Cost of sales was RMB17.51 billion (US$2.50 billion) for the fourth quarter of 2025, representing an increase of 27.1% from RMB13.78 billion for the same period of 2024 and an increase of 7.6% from RMB16.28 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly in line with vehicle deliveries as described above.

Gross margin was 21.3% for the fourth quarter of 2025, compared with 14.4% for the same period of 2024 and 20.1% for the third quarter of 2025.

Vehicle margin was 13.0% for the fourth quarter of 2025, compared with 10.0% for the same period of 2024 and 13.1% for the third quarter of 2025. The year-over-year increase was primarily attributable to the ongoing cost reduction and improvement in product mix of models.

Services and others margin was 70.8% for the fourth quarter of 2025, compared with 59.6% for the same period of 2024 and 74.6% for the third quarter of 2025. The year-over-year increase was primarily attributable to the aforementioned revenue from technical R&D services, parts and accessories sales and carbon credit trading.

Research and development expenses were RMB2.87 billion (US$0.41 billion) for the fourth quarter of 2025, representing an increase of 43.2% from RMB2.01 billion for the same period of 2024 and an increase of 18.3% from RMB2.43 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly due to higher expenses related to the development of new vehicle models and technologies as the Company expanded its product portfolio to support future growth.

Selling, general and administrative expenses were RMB2.79 billion (US$0.40 billion) for the fourth quarter of 2025, representing an increase of 22.7% from RMB2.28 billion for the same period of 2024 and an increase of 12.0% from RMB2.49 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily due to the higher commission to the franchised stores related to sales volume and the launch of new models. The year-over-year increase was further due to higher marketing and advertising expenses.

Other income, net was RMB0.84 billion (US$0.12 billion) for the fourth quarter of 2025, representing an increase of 327.5% from RMB0.20 billion for the same period of 2024 and an increase of 498.6% from RMB0.14 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily due to the increase in receipt of government subsidies.

Fair value gain (loss) on derivative liability relating to the contingent consideration was gain of RMB0.04 billion (US$0.01 billion) for the fourth quarter of 2025, compared with gain of RMB0.20 billion for the same period of 2024 and loss of RMB0.07 billion for the third quarter of 2025. This non-cash gain (loss) resulted from the fair value change of the contingent consideration related to the acquisition of DiDi Global Inc. (“DiDi“)’s smart auto business.

Loss from operations was RMB0.04 billion (US$0.01 billion) for the fourth quarter of 2025, compared with RMB1.56 billion for the same period of 2024 and RMB0.75 billion for the third quarter of 2025.

Non-GAAP profit from operations, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.08 billion (US$0.01 billion) for the fourth quarter of 2025, compared with a loss of RMB1.62 billion for the same period of 2024 and a loss of RMB0.52 billion for the third quarter of 2025.

Net profit was RMB0.38 billion (US$0.05 billion) for the fourth quarter of 2025, compared with a loss of RMB1.33 billion for the same period of 2024 and a loss of RMB0.38 billion for the third quarter of 2025.

Non-GAAP net profit, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.51 billion (US$0.07 billion) for the fourth quarter of 2025, compared with a loss of RMB1.39 billion for the same period of 2024 and a loss of RMB0.15 billion for the third quarter of 2025.

Net profit attributable to ordinary shareholders of XPENG was RMB0.38 billion (US$0.05 billion) for the fourth quarter of 2025, compared with a loss of RMB1.33 billion for the same period of 2024 and a loss of RMB0.38 billion for the third quarter of 2025.

Non-GAAP net profit attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.51 billion (US$0.07 billion) for the fourth quarter of 2025, compared with a loss of RMB1.39 billion for the same period of 2024 and a loss of RMB0.15 billion for the third quarter of 2025.

Basic and diluted net profit per ADS were both RMB0.40 (US$0.06) for the fourth quarter of 2025, compared with RMB1.40 basic and diluted net loss per ADS for the fourth quarter of 2024 and RMB0.40 basic and diluted net loss per ADS for the third quarter of 2025.

Non-GAAP basic and diluted net profit per ADS were RMB0.53 (US$0.08) and RMB0.52 (US$0.07) for the fourth quarter of 2025, respectively, compared with RMB1.47 non-GAAP basic and diluted net loss per ADS for the fourth quarter of 2024 and RMB0.16 non-GAAP basic and diluted net loss per ADS for the third quarter of 2025.

Balance Sheets

As of December 31, 2025, the Company had cash position of RMB47.66 billion (US$6.81 billion), compared with RMB41.96 billion as of December 31, 2024 and RMB48.33 billion as of September 30, 2025.

Unaudited Financial Results for the Fiscal Year Ended December 31, 2025

Total revenues were RMB76.72 billion (US$10.97 billion) for fiscal year of 2025, representing an increase of 87.7% from RMB40.87 billion for the prior year.

Revenues from vehicle sales were RMB68.38 billion (US$9.78 billion) for fiscal year of 2025, representing an increase of 90.8% from RMB35.83 billion for the prior year. The year-over-year increase was mainly attributable to higher deliveries.

Revenues from services and others were RMB8.34 billion (US$1.19 billion) for fiscal year of 2025, representing an increase of 65.6% from RMB5.04 billion for the prior year. The year-over-year increase was primarily attributable to the increased revenues from (i) technical R&D services rendered to the Manufacturer with the successful achievement of certain key milestones in the current period, under the agreement entered into with the Manufacturer; (ii) parts and accessories sales in line with higher accumulated vehicle sales; and (iii) carbon credit trading.

Cost of sales was RMB62.25 billion (US$8.9 billion) for fiscal year of 2025, representing an increase of 77.7% from RMB35.02 billion for the prior year. The year-over-year increase was mainly in line with vehicle deliveries as described above.

Gross margin was 18.9% for fiscal year of 2025, compared with 14.3% for the prior year.

Vehicle margin was 12.8% for fiscal year of 2025, compared with 8.3% for the prior year. The year-over-year increase was primarily attributable to the ongoing cost reduction and improvement in product mix of models.

Services and others margin was 68.2% for fiscal year of 2025, compared with 57.2% for the prior year. The year-over-year increase was primarily attributable to the aforementioned revenue from technical R&D services, parts and accessories sales and carbon credit trading.

Research and development expenses were RMB9.49 billion (US$1.36 billion) for fiscal year of 2025, representing an increase of 47.0% from RMB6.46 billion for the prior year. The year-over-year increase was mainly due to higher expenses related to the development of new vehicle models and technologies as the Company expanded its product portfolio to support future growth.

Selling, general and administrative expenses were RMB9.40 billion (US$1.34 billion) for fiscal year of 2025, representing an increase of 36.8% from RMB6.87 billion for the prior year. The year-over-year increase was primarily due to the higher commission to the franchised stores driven by higher sales volume, higher marketing and advertising expenses and higher employee compensation as a result of the growth in number of employees.

Other income, net was RMB1.76 billion (US$0.25 billion) for fiscal year of 2025, representing an increase of 198.9% from RMB0.59 billion for the prior year. The year-over-year increase was primarily due to the increase in receipt of government subsidies.

Fair value gain (loss) on derivative liability relating to the contingent consideration was loss of RMB0.12 billion (US$0.02 billion) for fiscal year of 2025, compared with gain of RMB0.23 billion for the prior year. This non-cash gain (loss) resulted from the fair value change of the contingent consideration related to the acquisition of DiDi Global Inc. (“DiDi“)’s smart auto business.

Loss from operations was RMB2.77 billion (US$0.40 billion) for fiscal year of 2025, compared with RMB6.66 billion for the prior year.

Non-GAAP loss from operations, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB2.09 billion (US$0.30 billion) for fiscal year of 2025, compared with RMB6.42 billion for the prior year.

Net loss was RMB1.14 billion (US$0.16 billion) for fiscal year of 2025, compared with RMB5.79 billion for the prior year.

Non-GAAP net loss, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.46 billion (US$0.07 billion) for fiscal year of 2025, compared with RMB5.55 billion for the prior year.

Net loss attributable to ordinary shareholders of XPENG was RMB1.14 billion (US$0.16 billion) for fiscal year of 2025, compared with RMB5.79 billion for the prior year.

Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.46 billion (US$0.07 billion) for fiscal year of 2025, compared with RMB5.55 billion for the prior year.

Basic and diluted net loss per ADS were both RMB1.20 (US$0.17) for fiscal year of 2025, compared with RMB6.12 for the prior year.

Non-GAAP basic and diluted net loss per ADS were both RMB0.48 (US$0.07) for fiscal year of 2025, compared with RMB5.87 for the prior year.

Business Outlook

For the first quarter of 2026, the Company expects:

  • Deliveries of vehicles to be between 61,000 and 66,000, representing a year-over-year decrease of approximately 29.79% to 35.11%.
  • Total revenues to be between RMB12.20 billion and RMB13.28 billion, representing a year-over-year decrease of approximately 16.01% to 22.84%.

The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.

Conference Call

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on March 20, 2026 (8:00 PM Beijing/Hong Kong Time on March 20, 2026).

For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.

Event Title:               XPENG Fourth Quarter and Fiscal Year 2025 Earnings Conference Call
Pre-registration link: https://s1.c-conf.com/diamondpass/10052981-bng765.html

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.xiaopeng.com.

A replay of the conference call will be accessible approximately an hour after the conclusion of the call until March 27, 2026, by dialing the following telephone numbers:

United States:

+1-855-883-1031

International:

+61-7-3107-6325

Hong Kong, China:

800-930-639

Mainland China:

400-120-9216

Replay Access Code:

10052981

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Use of Non-GAAP Financial Measures

The Company uses non-GAAP measures, such as non-GAAP (loss) profit from operations, non-GAAP net (loss) profit, non-GAAP net (loss) profit attributable to ordinary shareholders, non-GAAP basic (loss) profit per weighted average number of ordinary shares and non-GAAP basic (loss) profit per ADS, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for net (loss) profit or other consolidated statements of comprehensive (loss) profit data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and non-GAAP Results” set forth in this announcement.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.9931 to US$1.00, the exchange rate on December 31, 2025, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goal and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For Investor Enquiries
IR Department
XPeng Inc.
E-mail: ir@xiaopeng.com

Jenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 or +86-10-6508-0677
E-mail: xpeng@tpg-ir.com

For Media Enquiries
PR Department
XPeng Inc.
E-mail: pr@xiaopeng.com

 

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

As of December 31

2024

RMB

2025

RMB

2025

US$

ASSETS

Current assets

Cash and cash equivalents

18,586,274

17,329,612

2,478,102

Restricted cash

3,153,390

6,071,491

868,212

Short-term deposits

12,931,757

11,388,834

1,628,582

Restricted short-term deposits

110,699

296,277

42,367

Short-term investments

751,290

3,217,293

460,067

Long-term deposits, current portion

452,326

3,020,317

431,900

Restricted long-term deposits, current portion

600,472

85,866

Accounts and notes receivable, net

2,449,629

1,996,917

285,555

Installment payment receivables, net,

current portion

2,558,756

3,553,054

508,080

Inventory

5,562,922

10,380,668

1,484,416

Amounts due from related parties

43,714

102,219

14,617

Prepayments and other current assets

3,135,312

5,296,673

757,415

Total current assets

49,736,069

63,253,827

9,045,179

Non-current assets

Long-term deposits

4,489,036

4,263,542

609,678

Restricted long-term deposits

1,487,688

1,468,708

210,022

Property, plant and equipment, net

11,521,863

13,527,237

1,934,369

Right-of-use assets, net

1,261,663

3,730,921

533,515

Intangible assets, net

4,610,469

4,253,168

608,195

Land use rights, net

2,744,424

3,216,526

459,957

Installment payment receivables, net

4,448,416

6,496,020

928,919

Long-term investments

1,963,194

2,523,037

360,789

Other non-current assets

443,283

429,644

61,438

Total non-current assets

32,970,036

39,908,803

5,706,882

Total assets

82,706,105

103,162,630

14,752,061

 

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(CONTINUED)

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

As of December 31

2024

2025

2025

RMB 

 RMB 

US$ 

LIABILITIES

Current liabilities

Short-term borrowings

4,609,123

4,282,000

612,318

Accounts payable

15,181,585

18,001,675

2,574,205

Notes payable

7,898,896

19,161,724

2,740,090

Amounts due to related parties

9,364

1,064

152

Income taxes payable

14,514

44,682

6,389

Derivative liability

281,009

40,184

Operating lease liabilities, current portion

324,496

445,901

63,763

Finance lease liabilities, current portion

41,940

55,581

7,948

Deferred revenue, current portion

1,275,716

1,463,065

209,216

Long-term borrowings, current portion

1,858,613

1,837,950

262,823

Accruals and other liabilities

8,650,636

12,538,698

1,793,010

Total current liabilities

39,864,883

58,113,349

8,310,098

Non-current liabilities

Long-term borrowings

5,664,518

6,588,865

942,195

Operating lease liabilities

1,345,852

4,246,599

607,256

Finance lease liabilities

777,697

740,576

105,901

Deferred revenue

822,719

1,206,014

172,458

Derivative liability

167,940

Deferred tax liabilities

341,932

330,353

47,240

Other non-current liabilities

2,445,776

1,568,284

224,262

Total non-current liabilities

11,566,434

14,680,691

2,099,312

Total liabilities

51,431,317

72,794,040

10,409,410

SHAREHOLDERS’ EQUITY

Class A Ordinary shares

104

105

15

Class B Ordinary shares

21

21

3

Additional paid-in capital

70,671,685

71,236,011

10,186,614

Statutory and other reserves

95,019

137,720

19,694

Accumulated deficit

(41,585,549)

(42,767,710)

(6,115,701)

Accumulated other comprehensive income

2,093,508

1,762,443

252,026

Total shareholders’ equity

31,274,788

30,368,590

4,342,651

Total liabilities and shareholders’ equity

82,706,105

103,162,630

14,752,061

 

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE PROFIT/(LOSS)

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended

December 31, 

September 30, 

December 31, 

      December 31, 

2024

2025

2025

2025

RMB 

RMB 

RMB 

    US$ 

Revenues

Vehicle sales

14,671,128

18,053,752

19,072,174

2,727,285

Services and others

1,433,968

2,327,198

3,181,585

454,961

Total revenues

16,105,096

20,380,950

22,253,759

3,182,246

Cost of sales

Vehicle sales

(13,200,594)

(15,686,646)

(16,583,754)

(2,371,445)

Services and others

(579,725)

(590,051)

(928,199)

(132,731)

Total cost of sales

(13,780,319)

(16,276,697)

(17,511,953)

(2,504,176)

Gross profit

2,324,777

4,104,253

4,741,806

678,070

Operating expenses

Research and development expenses

(2,006,463)

(2,428,863)

(2,874,248)

(411,012)

Selling, general and administrative
     expenses

(2,275,400)

(2,492,897)

(2,792,254)

(399,287)

Other income, net

196,436

140,283

839,694

120,075

Fair value gain (loss) on derivative
     liability relating to the contingent
     consideration

204,637

(73,824)

40,744

5,826

Total operating expenses, net

(3,880,790)

(4,855,301)

(4,786,064)

(684,398)

Loss from operations

(1,556,013)

(751,048)

(44,258)

(6,328)

Interest income

301,177

300,840

262,919

37,597

Interest expense

(94,001)

(99,350)

(76,485)

(10,937)

Investment gain on long-term investments

10,069

131,115

265,364

37,947

Exchange (loss) gain from foreign
     currency transactions

(104,994)

25,860

(12,994)

(1,858)

Other non-operating income (expenses),
     net

94,093

(1,113)

22,173

3,171

(Loss) profit before income tax benefit
     (expenses)
 and share of results of
     equity method investees

(1,349,669)

(393,696)

416,719

59,592

Income tax benefit (expenses)

44,092

7,113

(22,128)

(3,164)

Share of results of equity method
     investees

(24,396)

5,715

(11,383)

(1,628)

Net (loss) profit

(1,329,973)

(380,868)

383,208

54,800

Net (loss) profit attributable to
     ordinary shareholders of XPeng Inc.

(1,329,973)

(380,868)

383,208

54,800

 

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE PROFIT/(LOSS) (CONTINUED)

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended

December 31, 

September 30, 

December 31, 

December 31, 

2024

2025

2025

2025

RMB 

RMB 

RMB 

US$ 

Net (loss) profit

(1,329,973)

(380,868)

383,208

54,800

Other comprehensive profit (loss)

Foreign currency translation adjustment,
     net of tax

433,820

(122,747)

(166,194)

(23,765)

Total comprehensive (loss) profit
     attributable to XPeng Inc.

(896,153)

(503,615)

217,014

31,035

Comprehensive (loss) profit
     attributable to ordinary
     shareholders of XPeng Inc.

(896,153)

(503,615)

217,014

31,035

Weighted average number of
     ordinary shares used in computing
     net (loss) profit per ordinary share

Basic

1,898,086,802

1,905,381,418

1,908,651,262

1,908,651,262

Diluted

1,898,086,802

1,905,381,418

1,934,719,272

1,934,719,272

Net (loss) profit per ordinary share
     attributable to ordinary
     shareholders

Basic

(0.70)

(0.20)

0.20

0.03

Diluted

(0.70)

(0.20)

0.20

0.03

Weighted average number of ADS
     used in computing net (loss) profit
     per share

Basic

949,043,401

952,690,709

954,325,631

954,325,631

Diluted

949,043,401

952,690,709

967,359,636

967,359,636

Net (loss) profit per ADS attributable
     to ordinary shareholders

Basic

(1.40)

(0.40)

0.40

0.06

Diluted

(1.40)

(0.40)

0.40

0.06

 

XPENG INC.

UNAUDITED RECONCILIATIONS OF GAAP AND

NON-GAAP RESULTS

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended

December 31, 

September 30, 

December 31, 

December 31, 

2024

2025

2025

2025

RMB 

RMB 

RMB 

US$ 

Loss from operations

(1,556,013)

(751,048)

(44,258)

(6,328)

Fair value (gain) loss on derivative
     liability relating to the contingent
     consideration

(204,637)

73,824

(40,744)

(5,826)

Share-based compensation expenses

143,675

155,195

162,629

23,256

Non-GAAP (loss) profit from
     operations

(1,616,975)

(522,029)

77,627

11,102

Net (loss) profit

(1,329,973)

(380,868)

383,208

54,800

Fair value (gain) loss on derivative
     liability relating to the contingent
     consideration

(204,637)

73,824

(40,744)

(5,826)

Share-based compensation expenses

143,675

155,195

162,629

23,256

Non-GAAP net (loss) profit

(1,390,935)

(151,849)

505,093

72,230

Net (loss) profit attributable to
     ordinary shareholders

(1,329,973)

(380,868)

383,208

54,800

Fair value (gain) loss on derivative
     liability relating to the contingent
     consideration

(204,637)

73,824

(40,744)

(5,826)

Share-based compensation expenses

143,675

155,195

162,629

23,256

Non-GAAP net (loss) profit
     attributable to ordinary
     shareholders of XPeng Inc.

(1,390,935)

(151,849)

505,093

72,230

 

XPENG INC.

UNAUDITED RECONCILIATIONS OF GAAP AND

NON-GAAP RESULTS (CONTINUED)

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended

December 31, 

September 30, 

December 31, 

December 31, 

2024

2025

2025

2025

RMB 

RMB 

RMB 

US$ 

Weighted average number of
     ordinary shares used in
     calculating Non-GAAP net (loss)
     profit per share

Basic

1,898,086,802

1,905,381,418

1,908,651,262

1,908,651,262

Diluted

1,898,086,802

1,905,381,418

1,934,719,272

1,934,719,272

Non-GAAP net (loss) profit per
     ordinary share

Basic

(0.73)

(0.08)

0.26

0.04

Diluted

(0.73)

(0.08)

0.26

0.04

Weighted average number of ADS
     used in calculating Non-GAAP
     net (loss) profit per share

Basic

949,043,401

952,690,709

954,325,631

954,325,631

Diluted

949,043,401

952,690,709

967,359,636

967,359,636

Non-GAAP net (loss) profit per ADS

Basic

(1.47)

(0.16)

0.53

0.08

Diluted

(1.47)

(0.16)

0.52

0.07

 

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE LOSS

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

For the Year Ended December 31

2024

2025

2025

RMB 

RMB 

    US$ 

Revenues

Vehicle sales

35,829,402

68,378,920

9,778,056

Services and others

5,036,907

8,340,822

1,192,722

Total revenues

40,866,309

76,719,742

10,970,778

Cost of sales

Vehicle sales

(32,866,163)

(59,598,391)

(8,522,457)

Services and others

(2,154,378)

(2,648,432)

(378,721)

Total cost of sales

(35,020,541)

(62,246,823)

(8,901,178)

Gross profit

5,845,768

14,472,919

2,069,600

Operating expenses

Research and development expenses

(6,456,734)

(9,489,979)

(1,357,049)

Selling, general and administrative expenses

(6,870,644)

(9,398,456)

(1,343,961)

Other income, net

589,227

1,761,419

251,880

Fair value gain (loss) on derivative liability
     relating to the contingent consideration

234,245

(117,305)

(16,774)

Total operating expenses, net

(12,503,906)

(17,244,321)

(2,465,904)

Loss from operations

(6,658,138)

(2,771,402)

(396,304)

Interest income

1,374,525

1,163,210

166,337

Interest expense

(343,982)

(379,931)

(54,329)

Investment (loss) gain on long-term investments

(261,991)

500,533

71,575

Exchange (loss) gain from foreign currency
     transactions

(49,543)

285,998

40,897

Other non-operating income, net

108,154

44,789

6,405

Loss before income tax benefit (expenses) and
      share of results of equity method investees

(5,830,975)

(1,156,803)

(165,419)

Income tax benefit (expenses)

69,780

(13,585)

(1,943)

Share of results of equity method investees

(29,069)

30,928

4,423

Net loss

(5,790,264)

(1,139,460)

(162,939)

Net loss attributable to ordinary shareholders
      of XPeng Inc.

(5,790,264)

(1,139,460)

(162,939)

 

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE LOSS (CONTINUED)

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

For the Year Ended December 31

2024

2025

2025

RMB 

RMB 

US$ 

Net loss

(5,790,264)

(1,139,460)

(162,939)

Other comprehensive income

Foreign currency translation adjustment,
     net of tax

262,870

(331,065)

(47,342)

Total comprehensive loss attributable
     to XPeng Inc.

(5,527,394)

(1,470,525)

(210,281)

Comprehensive loss attributable to
     ordinary shareholders of XPeng Inc.

(5,527,394)

(1,470,525)

(210,281)

Weighted average number of ordinary
     shares used in computing net loss per
     ordinary share

Basic and diluted

1,891,357,212

1,903,989,310

1,903,989,310

Net loss per ordinary share
     attributable to ordinary shareholders

Basic and diluted

(3.06)

(0.60)

(0.09)

Weighted average number of ADS used
     in computing net loss per share

Basic and diluted

945,678,606

951,994,655

951,994,655

Net loss per ADS attributable to
     ordinary shareholders

Basic and diluted

(6.12)

(1.20)

(0.17)

 

XPENG INC.

UNAUDITED RECONCILIATIONS OF GAAP AND

NON-GAAP RESULTS

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

For the Year Ended December 31

2024

2025

2025

RMB 

RMB 

US$ 

Loss from operations

(6,658,138)

(2,771,402)

(396,304)

Fair value (gain) loss on derivative liability
     relating to the contingent consideration

(234,245)

117,305

16,774

Share-based compensation expenses

473,655

564,327

80,698

Non-GAAP loss from operations

(6,418,728)

(2,089,770)

(298,832)

Net loss

(5,790,264)

(1,139,460)

(162,939)

Fair value (gain) loss on derivative liability
     relating to the contingent consideration

(234,245)

117,305

16,774

Share-based compensation expenses

473,655

564,327

80,698

Non-GAAP net loss

(5,550,854)

(457,828)

(65,467)

Net loss attributable to ordinary shareholders

(5,790,264)

(1,139,460)

(162,939)

Fair value (gain) loss on derivative liability
     relating to the contingent consideration

(234,245)

117,305

16,774

Share-based compensation expenses

473,655

564,327

80,698

Non-GAAP net loss attributable to
     ordinary shareholders of XPeng Inc.

(5,550,854)

(457,828)

(65,467)

Weighted average number of ordinary
     shares used in calculating Non-GAAP
     net loss per share

Basic and diluted

1,891,357,212

1,903,989,310

1,903,989,310

Non-GAAP net loss per ordinary share

Basic and diluted

(2.93)

(0.24)

(0.03)

Weighted average number of ADS used
     in calculating Non-GAAP net loss per
     share

Basic and diluted

945,678,606

951,994,655

951,994,655

Non-GAAP net loss per ADS

Basic and diluted

(5.87)

(0.48)

(0.07)

 

Qianhai Launches OPC Mavericks Program to Empower Global AI Solopreneurs


SHENZHEN, CHINA – Media OutReach Newswire – 20 March 2026 – On March 18, Qianhai, a flagship hub for institutional opening-up, high-end services and technological innovation in southern China, officially opened the application portal for the Qianhai OPC (One-Person Company) International Community and launched its global OPC Mavericks Program. Adhering to the philosophy of “All Innovation, Zero Distraction”, the initiative aims to build the world’s leading ecosystem for AI-driven one-person companies.

Qianhai OPC (One-Person Company) International Community officially opens for applications
Qianhai OPC (One-Person Company) International Community officially opens for applications

Widely recognized as a pioneering zone for China’s institutional opening-up and a key innovation node in the Guangdong-Hong Kong-Macao Greater Bay Area, Qianhai leads the country in piloting cross-border cooperation, regulatory innovation and business-friendly reforms. It has grown into a highland for advanced services, tech research and development, and entrepreneurial ecosystems, connecting global talents, capital and technologies with the massive market of the Greater Bay Area.

The OPC Mavericks Program targets six elite groups: academic pioneers, tech veterans, global AI competition winners, elite prodigies, influential open-source contributors, and outstanding graduates in AI and computer science. Eligible projects should leverage generative AI, large language models, AI agents and automation to build sustainable closed-loop businesses.

As the world’s first vertical accelerator dedicated to OPCs, the community provides a tailor-made AI launchpad with the SENSE ecosystem and the “Eight Zeros” guarantee to remove startup barriers: supported office space up to 200㎡ for two years, talent housing up to 50㎡ per person, annual free computing power up to 50P, free LLM trials, Greater Bay Area market access, collateral-free loans, high-risk-tolerance seed funding, annual talent rewards up to 600,000 RMB, and one-stop services for visas, finance, IP, taxation and global internet access.

To help global innovators experience opportunities in the region, Qianhai offers the Shenzhen-Hong Kong 72-Hour Experience Pass, which was officially launched in 2025. This pass provides streamlined entry arrangements, guided visits to tech platforms, enterprises and research institutions in both cities, and on-site insights into the OPC entrepreneurship environment. It serves as a key channel for global talents to fully explore cooperation and development prospects in the Greater Bay Area.

The program supports AI solopreneurs to turn ideas into scalable businesses. Qualified applicants can submit core founder resumes and project pitch decks to inqianhai@qhidg.com to join the program and embrace new opportunities in the Greater Bay Area.

Hashtag: #Qianhai #GreaterBayArea #AIInnovation #GenerativeAI #StartupEcosystem #AIEntrepreneurship

The issuer is solely responsible for the content of this announcement.

CGTN: Tackling the TB epidemic: From local innovation to global cooperation


BEIJING, CHINA – Media OutReach Newswire – 20 March 2026 – China’s multifaceted strategy to end the tuberculosis epidemic—ranging from high-tech local innovations to global humanitarian missions—is providing a new blueprint for international public health. CGTN published an article analyzing how this integrated prevention model, highlighted by Peng Liyuan, wife of Chinese President Xi Jinping and also the WHO goodwill ambassador for tuberculosis (TB) and HIV/AIDS, leverages AI-driven screening in provinces like Jiangsu and the expertise of Chinese medical teams abroad to transform the vision of a TB-free world into a tangible reality.

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In a written statement to a virtual event commemorating the World Health Organization (WHO) World Tuberculosis Day 2026 on Wednesday, Peng Liyuan, wife of Chinese President Xi Jinping and also the WHO goodwill ambassador for tuberculosis (TB) and HIV/AIDS, called for international support and participation in global TB prevention and treatment.

Peng said that the event’s theme, “Led by countries, powered by people,” is of great significance for facilitating joint international action against TB as a public health challenge.

Peng noted that with a firm commitment to protecting people’s health and the goal of ending the TB epidemic, the WHO has done a great deal of effective work and reversed the recent upward trend in global cases. She highlighted that China’s progress is rooted in a multi-sectoral approach, leveraging technological innovation and a comprehensive healthcare network serving over 1.4 billion people.

This year also marks the 15th year of China’s large-scale volunteer campaign for TB prevention and control, involving over 1 million volunteers who have carried out over 80,000 programs.

“I have been joining many of them on visits to local neighborhoods, schools and healthcare facilities,” Peng said, adding that she is a “proud witness” to their compassion and the progress made in China’s fight against TB. She called on people from all walks of life to share warmth and care to “build a community of health for all.”

A proven model for incidence decline

China’s progress is exemplified by the practical efforts in Jiangsu Province, where the reported TB incidence rate fell to 21.17 per 100,000 in 2025. A key factor in this progress is a smart screening system that brings advanced technology to the grassroots level.

“In the past, we had to review every single record manually. Now, AI-assisted screening has drastically improved our diagnostic efficiency,” Wang Yangzhu, deputy chief physician of radiology at a community health center in Nanjing’s Jiangning District, told China Media Group (CMG).

Beyond AI-assisted diagnostics, which now cover over 100 medical institutions in the province, Jiangsu has pioneered a new short-course treatment that slashes the recovery period for drug-resistant TB from 18 months to just six. Complementing this technology is a robust policy safety net: the government provides free drug-resistance screening for all suspected cases and free second-line medications for those in need, ensuring patients can afford the care they require.

This localized practice is a reflection of a broader national achievement. Since 2012, both the incidence and mortality rates of TB in China have dropped by approximately 30%, a decline rate nearly double the global average, according to the National Disease Control and Prevention Administration. With a treatment rate consistently above 90%, China has transitioned into the ranks of countries with moderate-to-low TB prevalence while continuing to refine its integrated prevention and control system.

Global responsibility and humanitarian action

China’s expertise is also being shared through its commitment to international medical aid. Recently, the 23rd Chinese medical team in Zimbabwe successfully treated a 22-year-old patient suffering from TB with pleural effusion. By combining standard protocols with Traditional Chinese Medicine (TCM) to alleviate side effects and boost immunity, the team provided a practical model for TB control in resource-limited settings.

This assistance is part of a long-standing commitment to international humanitarian aid. In 2025, the Chinese government dispatched 1,061 medical personnel to 57 countries, serving over 2.06 million patients, according to China’s National Health Commission.

Since 1963, China has sent a total of 31,000 medical team members to 77 countries and regions, treating an estimated 300 million people. These teams have also helped strengthen local medical capacity, including performing first-of-their-kind laparoscopic procedures in countries such as Equatorial Guinea and Djibouti, enabling access to modern minimally invasive surgical techniques.

Extending their reach beyond hospital walls, Chinese medical teams frequently travel to remote, resource-scarce regions to provide essential care. In Simandou, the team provided health check-ups, hygiene training and medical lectures to thousands of Chinese and Guinean employees. They also visited a local orphanage, performing physical exams for over 70 children and donating essential school supplies.

“We go deep into remote areas, bringing much-needed health knowledge and infectious disease prevention methods to help establish a long-term barrier against illness,” Wang Bin, captain of the 31st Chinese medical team to Guinea, told CMG.

By integrating innovative technology with grassroots volunteerism and international aid, China continues to work alongside the global community to transform the goal of a TB-free world into a tangible reality.

For more information, please click here:
https://news.cgtn.com/news/2026-03-19/Tackling-the-TB-epidemic-From-local-innovation-to-global-cooperation-1LDNzGeLwdO/p.html

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Chuangxin Industries Posts a 33% Profit Jump as “Cost Leadership”

HONG KONG SAR – Media OutReach Newswire – 20 March 2026 – Chuangxin Industries Holdings Limited (Chuangxin Industries, 02788.HK), a dominant leader in China’s fully integrated aluminum value chain, announced a stellar financial performance for the fiscal year 2025 this week. Despite a complex global macroeconomic environment, the company reported revenue of RMB 18.68 billion, representing a robust 23.2% year-on-year increase. Profit attributable to owners of the company surged by an impressive 32.8% to RMB 2.731 billion. Basic earnings per share rose to RMB 1.75 from RMB 1.37 in 2024. In a move that underscores its strong balance sheet and commitment to shareholder returns, the Board has proposed a final dividend of HK$ 0.77 per share.

The global aluminum landscape in 2025 was defined by extreme volatility in London Metal Exchange (LME) prices and escalating energy costs across traditional smelting hubs. Chuangxin Industries showcased notable resilience, underpinned by its fully integrated electrolytic aluminum industrial chain. The company’s revenue was anchored by its core electrolytic aluminum business, which contributed RMB13.62 billion (72.92% of total), while alumina and related products added RMB4.42 billion.

Central to Chuangxin Industries’ outperformance is its 100% self-sufficiency in alumina and power, the twin pillars of its strategic “cost moat.” This vertically integrated footprint is anchored by a 788.1 kt/a electrolytic aluminum smelter and a dedicated captive power plant in Huolinguole, Inner Mongolia, complemented by a 1.2 million t/a alumina refinery in Binzhou, Shandong, which is strategically positioned near import ports. This tightly coordinated infrastructure allows the Group to exert precision control over core input costs. Consequently, the Group ranks as a top-tier cost leader in China, possessing a structural advantage that serves as both a defensive shield during commodity downcycles and a powerful lever for earnings elasticity during market recoveries.

The Chuangxin Industries’ March 9 entry into the Hong Kong Stock Connect opens the door to mainland investors. Expected Southbound liquidity should enhance market depth and catalyze a valuation recovery. Analysts view its structural cost moat and green manufacturing leadership as a compelling, cash-flow-resilient proposition for long-term investors navigating today’s high-interest-rate environment.

Looking ahead, Chuangxin Industries is focusing on green growth and global expansion.

Domestically, Chuangxin Industries is rapidly building 1,750 MW of wind and solar capacity in Inner Mongolia, aiming to source over 50% of its power from renewable sources by the end of 2026, reducing both carbon emissions and long-term energy costs.

Internationally, Chuangxin Industries’ planned 500 kt/a aluminum smelting facility in Saudi Arabia will leverage Saudi Arabia’s competitive energy costs and port logistics to serve regional demand and diversify its production base beyond China. By establishing a footprint abroad, Chuangxin Industries is hedging against geopolitical barriers while enhancing its global edge through competitive energy costs in the Middle East.

Chuangxin Industries is cementing its status as a world-class green aluminum leader. Its synergy of integrated efficiency and global expansion offers investors a resilient, sustainable play at the heart of the sector’s high-growth future.
Hashtag: #ChuangxinIndustries

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Tourism Authority of Thailand invites global travellers to rediscover balance through “Healing Journey Thailand” campaign.

Campaign highlights wellness, culture and meaningful travel across the Kingdom featuring international creators including British singer-songwriter Henry Moodie.


BANGKOK, THAILAND – Media OutReach Newswire – 20 March 2026 – The Tourism Authority of Thailand (TAT) invites travellers worldwide to rediscover balance through the global Healing Journey Thailand campaign, guided by the communication concept Healing is the New Luxury. Launched in January 2026, the campaign reflects Thailand’s tourism strategy focused on high-value, wellness-led, purpose-driven travel, positioning the Kingdom as a destination where travellers reconnect with themselves through cultural encounters and restorative journeys.

Tourism Authority of Thailand invites global travellers to rediscover balance through “Healing Journey Thailand” campaign.

Henry Moodie plays a central role, with his storytelling shaping the campaign narrative. His journey, featured in the campaign film premiered at The Cinema at Selfridges London, follows travels through Krabi and Trang, from Ko Muk and Ko Kradan to the Na Muen Sri community, highlighting Thailand’s living culture and spirit.

Tourism Authority of Thailand invites global travellers to rediscover balance through “Healing Journey Thailand” campaign. (2)

The campaign presents creator-led experiences in the Kingdom, reflecting a global shift in luxury from material to meaningful engagement.

In southern Thailand, Swedish creators Malin & Jules (@Malinandjules) explored “hidden luxury” in Chumphon and Ranong through slow living, coffee culture, island life on Ko Phayam, hot springs and a garden lunch.

In northern Thailand, Casey Pickup (@howtotravelfulltime) and Kseniia Kalenyk (@kseniia.journey) explored Chiang Mai‘s heritage through Lanna arts and craft workshops, including Nuat Fon, Lanna massage inspired by Fon Leb dance, Yam Khang massage, concluding with a Ping River dinner cruise and sound healing meditation.

Tourism Authority of Thailand invites global travellers to rediscover balance through “Healing Journey Thailand” campaign.(3)

In the historic Sukhothai, Aytan Abbasli (@aytanabbasil) and Mia Emilie Persson (@miaemiliepersson) explored UNESCO-listed sites, Sukhothai silver craftsmanship, Tin Chok textiles and community life at Baan Na Ton Chan, concluding with merit-making at Wat Traphang Thong.

Nature and adventure shaped the Khao Yai journey of Naziha Banu Fathima (@the_fatimablejournal) and Khaled Mohamed Abdulla Hamad Aljneibi (@alsinaani_khalid000), combining sustainability with outdoor activities including park trekking, forest glamping and dialogue at Khao Yai Art Forest.

In Phang-Nga, Patrick James Mitchell and Meghan Celina McPhee (@megsandpat) experienced harmony with nature at Samed Nangshe Viewpoint, Surin Islands diving, bamboo rafting, and in Khao Lak with a fire show and sound healing by the Andaman Sea.

Together, these journeys reflect Thailand’s identity, where travel is shaped by quality and sustainability. Guided by Healing is the New Luxury, the campaign advances TAT’s Value over Volume strategy, encouraging travellers to engage with landscapes, culture and communities, fostering support for sustainable tourism growth.

Hashtag: #Healingjouneythailand #Healingisthenewluxury #Amazingthailand

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Hankook’s iON Race Heads to Formula E’s Longest Circuit for Madrid Debut

  • Formula E Season 12 heads to Madrid with Round 6 at Circuito del Jarama on 21 March
  • Jarama’s 3.934 km layout becomes Formula E’s longest circuit, featuring PIT BOOST, revised ATTACK MODE, and a 23-lap race
  • Hankook’s iON Race engineered for consistent grip and thermal stability on Jarama’s fast permanent circuit

MADRID, March 20, 2026 /PRNewswire/ — Hankook Tire & Technology Co., Ltd. (hereafter Hankook) prepares for Round 6 of the ABB FIA Formula E World Championship Season 12 as the series makes its first visit to Madrid. The 2026 CUPRA Raval Madrid E-Prix will take place on 21 March at the Circuito del Jarama, one of Spain’s most historic racing venues.

On-track action from Rounds 4 and 5 of Formula E Season 12 at the Jeddah E-Prix
On-track action from Rounds 4 and 5 of Formula E Season 12 at the Jeddah E-Prix

Located just north of the Spanish capital, Jarama is a permanent circuit that previously hosted numerous international racing series. Formula E first experienced the circuit during pre-season testing in Season 11, and it finally joins the championship calendar as an official race venue this season. Measuring 3.934 km with 14 turns, it becomes the longest circuit ever in Formula E—approximately 400 meters longer than any previous track. The layout combines fast-flowing corners and short straights, placing consistent demands on energy management and regenerative braking, while also testing the grip and thermal stability of Hankook’s iON Race tire.

The Madrid E-Prix is set to introduce an additional strategic dimension for teams and drivers. The race will feature PIT BOOST, a mandatory pit stop that gives drivers an additional 10% energy boost to the battery in approximately 30 seconds, marking its first appearance in a single-header event since its introduction in Season 11. ATTACK MODE will also be available once for a six minute duration. Together with the extended 23-lap format, these elements are expected to place greater emphasis on tire consistency and energy strategy throughout the race.

For Hankook, the Jarama event presents a distinctive technical challenge. Although teams gathered initial data during pre-season testing in Season 11, race-weekend conditions in March may differ significantly in terms of ambient temperature and track surface characteristics. With rapid directional changes and sustained cornering loads, the circuit places continuous stress on the tires, making predictable warm-up behavior, controlled thermal response, and stable traction critical to both qualifying performance and race-long efficiency.

“Madrid represents exactly the kind of challenge that tests every aspect of tire performance,” said Manfred Sandbichler, Senior Director of Hankook Motorsport. “Jarama’s combination of high-speed corners and limited straight sections, together with the introduction of Pit Boost, creates a unique race dynamic. With teams working from a limited data baseline, the iON Race tire is designed to deliver consistent grip and stable thermal performance across a wide operating window, supporting competitive and closely fought racing.”

The race weekend begins with Free Practice 1 on Friday, 20 March, continuing through Saturday’s race on 21 March. A Formula E Rookie Test will follow on Sunday, 22 March, giving development drivers valuable track time at Jarama.