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XPENG-W (09868)

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  • 63.400
  • +2.800+4.62%
Noon Break May 22 11:59 CST
121.37BMarket Cap-96.21P/E (TTM)

XPENG-W (09868) Balance Sheet

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YOY yoy
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(FY)Dec 31, 2025
(Q9)Sep 30, 2025
(Q6)Jun 30, 2025
(Q1)Mar 31, 2025
(FY)Dec 31, 2024
(Q9)Sep 30, 2024
(Q6)Jun 30, 2024
(Q1)Mar 31, 2024
(FY)Dec 31, 2023
(Q9)Sep 30, 2023
Assets
Current assets
Inventory
86.60%10.38B
50.44%9.24B
18.63%6.6B
-2.80%5.97B
0.66%5.56B
16.17%6.14B
55.81%5.57B
41.99%6.14B
22.22%5.53B
20.78%5.29B
Accounts receivable
10.81%5.55B
-0.24%4.54B
7.99%4.44B
14.50%4.57B
8.93%5.01B
-7.97%4.55B
-19.88%4.11B
-22.54%3.99B
-11.02%4.6B
0.43%4.94B
Related party payments receivable
133.84%102.22M
-26.19%32.87M
59.59%53.52M
120.84%46.11M
237.61%43.71M
59.82%44.54M
31.18%33.53M
-38.24%20.88M
-72.52%12.95M
-51.68%27.87M
Advance deposits and other receivables
68.94%5.3B
28.36%4.18B
13.08%3.28B
5.84%3.16B
25.95%3.14B
45.83%3.26B
22.79%2.9B
17.30%2.99B
0.94%2.49B
-7.82%2.23B
Cash and equivalents
-6.76%17.33B
64.46%17.53B
31.96%18.81B
22.11%17.76B
-12.03%18.59B
-12.60%10.66B
29.46%14.25B
64.78%14.54B
44.63%21.13B
7.28%12.2B
Short-term deposit
-11.93%11.39B
0.59%13.3B
23.34%13.41B
15.24%13.41B
32.54%12.93B
8.83%13.23B
-3.14%10.87B
-12.34%11.64B
-34.61%9.76B
-33.13%12.15B
Fixed time deposit-current assets
567.73%3.02B
-40.88%1.72B
-60.98%1.08B
-83.38%1.12B
-93.59%452.33M
-35.02%2.92B
-43.41%2.77B
595.98%6.76B
1,550.40%7.05B
958.59%4.49B
Secured deposit
113.48%6.97B
90.64%5.54B
36.69%5.45B
31.93%4.63B
2.81%3.26B
35.27%2.91B
136.35%3.98B
165.45%3.51B
2,887.51%3.17B
1,139.33%2.15B
Short-term investment
328.24%3.22B
1,329.49%3.86B
559.57%1.66B
94.97%1.33B
-3.83%751.29M
49.25%270.15M
-45.75%250.97M
-57.21%684.04M
-38.10%781.22M
-91.03%181.01M
Total current assets
27.18%63.25B
36.35%59.95B
22.44%54.77B
3.45%52.01B
-8.78%49.74B
0.72%43.97B
10.85%44.73B
32.10%50.28B
25.26%54.52B
-0.64%43.66B
Non-current assets
Property, plant and equipment
17.40%13.53B
7.81%12.33B
13.56%11.89B
6.50%11.39B
5.18%11.52B
4.81%11.44B
-7.89%10.47B
-1.74%10.69B
3.28%10.95B
16.48%10.91B
Land use right
17.20%3.22B
17.36%3.24B
17.73%3.25B
17.00%3.25B
-1.61%2.74B
-1.61%2.76B
-1.68%2.76B
1.50%2.78B
1.51%2.79B
2.58%2.8B
Long-term receivables
46.03%6.5B
7.84%4.81B
43.82%4.58B
38.23%4.27B
46.92%4.45B
70.39%4.46B
40.86%3.19B
41.38%3.09B
38.34%3.03B
18.19%2.62B
Fixed time deposit-non-current assets
-5.02%4.26B
35.60%5.24B
54.65%6.06B
49.89%5.24B
47.89%4.49B
-15.40%3.86B
-0.30%3.92B
-53.83%3.5B
-56.18%3.04B
-42.69%4.56B
Secured deposits-non-current assets
-1.28%1.47B
-41.05%1.13B
-13.11%1.12B
130.08%1.78B
93.73%1.49B
154.51%1.91B
134.05%1.29B
40.67%773.68M
--767.9M
--750M
long-term investment
28.52%2.52B
26.66%2.3B
3.99%2.14B
0.74%2.08B
-5.84%1.96B
-27.14%1.82B
-16.02%2.06B
-9.41%2.06B
-9.15%2.08B
4.26%2.49B
Intangible assets
-7.75%4.25B
-7.78%4.22B
-7.89%4.33B
-7.44%4.47B
-6.84%4.61B
339.56%4.57B
333.40%4.71B
333.37%4.83B
374.51%4.95B
16.54%1.04B
Other illiquid assets
-3.08%429.64M
205.47%1.31B
-31.49%414.89M
-25.09%438.36M
-23.06%443.28M
191.42%430.4M
534.65%605.6M
251.23%585.16M
186.26%576.15M
-34.03%147.69M
Total non-current assets
21.05%39.91B
18.14%38.35B
24.42%37.66B
24.51%36.88B
11.23%32.97B
20.75%32.46B
14.95%30.27B
0.74%29.62B
6.00%29.64B
-3.47%26.89B
Total assets
24.73%103.16B
28.61%98.31B
23.24%92.43B
11.26%88.89B
-1.73%82.71B
8.35%76.43B
12.47%75B
18.44%79.9B
17.72%84.16B
-1.74%70.54B
Liabilities
Current liabilities
Accounts payable
18.58%18B
5.26%17.75B
3.47%16.96B
34.75%26.98B
-31.65%15.18B
1.80%16.86B
44.97%16.39B
74.91%20.02B
56.16%22.21B
10.45%16.57B
Notes payable
142.59%19.16B
--17.36B
--13.73B
----
--7.9B
----
----
----
----
----
Tax payable
207.85%44.68M
-18.85%6.64M
-33.30%5.24M
101.20%13.56M
152.73%14.51M
-38.62%8.19M
-75.68%7.85M
-72.13%6.74M
-79.23%5.74M
-77.93%13.34M
Amounts payable to associated parties-current liabilities
-88.64%1.06M
--77K
462.29%984K
--6.37M
-69.68%9.36M
----
-99.43%175K
----
-66.11%30.88M
82.19%52.09M
Other payables and accrued expenses
44.95%12.54B
45.59%10.68B
63.56%9.84B
29.72%8.25B
14.12%8.65B
9.95%7.33B
-3.03%6.02B
8.94%6.36B
35.75%7.58B
26.62%6.67B
Short-term borrowing
-7.10%4.28B
-21.11%3.48B
-23.05%3.2B
-14.80%3.6B
18.51%4.61B
4.33%4.41B
-2.40%4.16B
17.04%4.22B
60.76%3.89B
164.18%4.23B
Derivative financial instrument-current liabilities
--281.01M
----
----
----
----
----
----
----
----
--972.75M
Financial lease liabilities-current liabilities
36.85%501.48M
32.23%470.33M
33.65%478.59M
1.80%371.96M
-8.48%366.44M
-25.11%355.68M
-34.79%358.09M
-37.00%365.4M
-35.33%400.38M
-30.14%474.92M
Deferred income-current liabilities
14.69%1.46B
120.35%1.9B
67.67%1.49B
110.78%1.17B
102.17%1.28B
60.87%863.33M
107.20%889.63M
34.16%556.08M
62.11%631M
69.61%536.65M
Total current liabilities
45.78%58.11B
67.27%53.57B
60.97%47.96B
28.16%42.93B
10.39%39.86B
5.73%32.03B
27.16%29.8B
48.00%33.49B
49.75%36.11B
30.11%30.29B
Net current assets
-47.92%5.14B
-46.54%6.39B
-54.43%6.81B
-45.87%9.08B
-46.38%9.87B
-10.63%11.95B
-11.74%14.94B
8.78%16.78B
-5.16%18.41B
-35.30%13.37B
Total assets less current liabilities
5.15%45.05B
0.74%44.74B
-1.64%44.46B
-0.95%45.96B
-10.84%42.84B
10.33%44.41B
4.51%45.2B
3.51%46.4B
1.42%48.05B
-17.02%40.25B
Non-current liabilities
Long-term bank loan
16.32%6.59B
0.64%6.42B
8.13%5.79B
7.57%5.84B
0.24%5.66B
-0.68%6.38B
-0.55%5.36B
6.26%5.43B
22.50%5.65B
101.25%6.42B
Financial lease liabilities-non-current liabilities
134.85%4.99B
142.46%5.05B
140.74%5.21B
146.28%5.35B
-6.39%2.12B
-10.76%2.08B
-14.59%2.16B
-16.98%2.17B
-14.47%2.27B
-15.07%2.33B
Deferred tax liability
-3.39%330.35M
-15.01%312.59M
-9.31%330.35M
-15.17%341.93M
-15.37%341.93M
--367.77M
--364.27M
--403.07M
--404.02M
----
Deferred income-non-current liabilities
46.59%1.21B
55.60%1.07B
57.63%1.05B
29.59%876.8M
22.99%822.72M
1.44%688.72M
-4.45%667.17M
-2.94%676.6M
-3.61%668.95M
2.14%678.97M
Derivative financial instruments-non-current liabilities
----
-8.78%324.02M
20.15%251.09M
26.90%285.39M
-57.32%167.94M
--355.19M
--208.97M
--224.9M
--393.47M
----
Other non-current liabilities
-35.88%1.57B
-37.40%1.57B
-38.87%1.49B
7.91%2.55B
4.67%2.45B
24.05%2.51B
24.25%2.43B
21.78%2.37B
-6.76%2.34B
-17.88%2.02B
Total non-current liabilities
26.92%14.68B
19.12%14.75B
26.15%14.13B
35.27%15.26B
-1.33%11.57B
8.07%12.38B
5.84%11.2B
8.74%11.28B
12.01%11.72B
26.36%11.46B
Total liabilities
41.54%72.79B
53.84%68.32B
51.46%62.09B
29.95%58.18B
7.52%51.43B
6.37%44.41B
20.53%40.99B
35.66%44.77B
38.33%47.83B
29.06%41.75B
Total assets less total liabilities
-2.90%30.37B
-6.36%29.99B
-10.79%30.34B
-12.58%30.71B
-13.91%31.27B
11.23%32.03B
4.08%34.01B
1.94%35.12B
-1.58%36.33B
-27.00%28.79B
Total equity and non-current liabilities
5.15%45.05B
0.74%44.74B
-1.64%44.46B
-0.95%45.96B
-10.84%42.84B
10.33%44.41B
4.51%45.2B
3.51%46.4B
1.42%48.05B
-17.02%40.25B
Equity
Share capital
0.80%126K
0.80%126K
1.61%126K
1.61%126K
0.81%125K
10.62%125K
9.73%124K
9.73%124K
9.73%124K
0.00%113K
Capital reserve
0.80%71.24B
0.77%71.07B
0.72%70.92B
0.65%70.79B
0.67%70.67B
15.48%70.53B
15.53%70.41B
15.65%70.33B
15.66%70.2B
0.88%61.07B
Retained profit
-2.84%-42.77B
-7.16%-43.13B
-11.22%-42.74B
-13.80%-42.26B
-16.29%-41.59B
-17.14%-40.25B
-26.12%-38.43B
-34.22%-37.14B
-41.17%-35.76B
-49.59%-34.36B
Special items of shareholders' rights and interests
44.94%137.72M
34.43%118.88M
40.97%111.84M
56.64%106.22M
58.27%95.02M
251.95%88.43M
321.74%79.34M
--67.81M
--60.04M
--25.13M
Shareholders' Equity
-2.90%30.37B
-6.36%29.99B
-10.79%30.34B
-12.58%30.71B
-13.91%31.27B
11.23%32.03B
4.08%34.01B
1.94%35.12B
-1.58%36.33B
-27.00%28.79B
Total equity
-2.90%30.37B
-6.36%29.99B
-10.79%30.34B
-12.58%30.71B
-13.91%31.27B
11.23%32.03B
4.08%34.01B
1.94%35.12B
-1.58%36.33B
-27.00%28.79B
Total equity and total liabilities
24.73%103.16B
28.61%98.31B
23.24%92.43B
11.26%88.89B
-1.73%82.71B
8.35%76.43B
12.47%75B
18.44%79.9B
17.72%84.16B
-1.74%70.54B
Currency Unit
CNY
CNY
CNY
CNY
CNY
CNY
CNY
CNY
CNY
CNY
Accounting Standards
UAS
UAS
UAS
UAS
UAS
UAS
UAS
UAS
UAS
UAS
Audit Opinions
Unqualified Opinion
--
--
--
Unaudited opinion
--
--
--
Unaudited opinion
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Auditor
PwC Zhongtian Certified Public Accountants (Special General Partnership)
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--
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PwC Zhongtian Certified Public Accountants (Special General Partnership)
--
--
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PwC Zhongtian Certified Public Accountants (Special General Partnership)
--
(FY)Dec 31, 2025(Q9)Sep 30, 2025(Q6)Jun 30, 2025(Q1)Mar 31, 2025(FY)Dec 31, 2024(Q9)Sep 30, 2024(Q6)Jun 30, 2024(Q1)Mar 31, 2024(FY)Dec 31, 2023(Q9)Sep 30, 2023
Assets
Current assets
Inventory 86.60%10.38B50.44%9.24B18.63%6.6B-2.80%5.97B0.66%5.56B16.17%6.14B55.81%5.57B41.99%6.14B22.22%5.53B20.78%5.29B
Accounts receivable 10.81%5.55B-0.24%4.54B7.99%4.44B14.50%4.57B8.93%5.01B-7.97%4.55B-19.88%4.11B-22.54%3.99B-11.02%4.6B0.43%4.94B
Related party payments receivable 133.84%102.22M-26.19%32.87M59.59%53.52M120.84%46.11M237.61%43.71M59.82%44.54M31.18%33.53M-38.24%20.88M-72.52%12.95M-51.68%27.87M
Advance deposits and other receivables 68.94%5.3B28.36%4.18B13.08%3.28B5.84%3.16B25.95%3.14B45.83%3.26B22.79%2.9B17.30%2.99B0.94%2.49B-7.82%2.23B
Cash and equivalents -6.76%17.33B64.46%17.53B31.96%18.81B22.11%17.76B-12.03%18.59B-12.60%10.66B29.46%14.25B64.78%14.54B44.63%21.13B7.28%12.2B
Short-term deposit -11.93%11.39B0.59%13.3B23.34%13.41B15.24%13.41B32.54%12.93B8.83%13.23B-3.14%10.87B-12.34%11.64B-34.61%9.76B-33.13%12.15B
Fixed time deposit-current assets 567.73%3.02B-40.88%1.72B-60.98%1.08B-83.38%1.12B-93.59%452.33M-35.02%2.92B-43.41%2.77B595.98%6.76B1,550.40%7.05B958.59%4.49B
Secured deposit 113.48%6.97B90.64%5.54B36.69%5.45B31.93%4.63B2.81%3.26B35.27%2.91B136.35%3.98B165.45%3.51B2,887.51%3.17B1,139.33%2.15B
Short-term investment 328.24%3.22B1,329.49%3.86B559.57%1.66B94.97%1.33B-3.83%751.29M49.25%270.15M-45.75%250.97M-57.21%684.04M-38.10%781.22M-91.03%181.01M
Total current assets 27.18%63.25B36.35%59.95B22.44%54.77B3.45%52.01B-8.78%49.74B0.72%43.97B10.85%44.73B32.10%50.28B25.26%54.52B-0.64%43.66B
Non-current assets
Property, plant and equipment 17.40%13.53B7.81%12.33B13.56%11.89B6.50%11.39B5.18%11.52B4.81%11.44B-7.89%10.47B-1.74%10.69B3.28%10.95B16.48%10.91B
Land use right 17.20%3.22B17.36%3.24B17.73%3.25B17.00%3.25B-1.61%2.74B-1.61%2.76B-1.68%2.76B1.50%2.78B1.51%2.79B2.58%2.8B
Long-term receivables 46.03%6.5B7.84%4.81B43.82%4.58B38.23%4.27B46.92%4.45B70.39%4.46B40.86%3.19B41.38%3.09B38.34%3.03B18.19%2.62B
Fixed time deposit-non-current assets -5.02%4.26B35.60%5.24B54.65%6.06B49.89%5.24B47.89%4.49B-15.40%3.86B-0.30%3.92B-53.83%3.5B-56.18%3.04B-42.69%4.56B
Secured deposits-non-current assets -1.28%1.47B-41.05%1.13B-13.11%1.12B130.08%1.78B93.73%1.49B154.51%1.91B134.05%1.29B40.67%773.68M--767.9M--750M
long-term investment 28.52%2.52B26.66%2.3B3.99%2.14B0.74%2.08B-5.84%1.96B-27.14%1.82B-16.02%2.06B-9.41%2.06B-9.15%2.08B4.26%2.49B
Intangible assets -7.75%4.25B-7.78%4.22B-7.89%4.33B-7.44%4.47B-6.84%4.61B339.56%4.57B333.40%4.71B333.37%4.83B374.51%4.95B16.54%1.04B
Other illiquid assets -3.08%429.64M205.47%1.31B-31.49%414.89M-25.09%438.36M-23.06%443.28M191.42%430.4M534.65%605.6M251.23%585.16M186.26%576.15M-34.03%147.69M
Total non-current assets 21.05%39.91B18.14%38.35B24.42%37.66B24.51%36.88B11.23%32.97B20.75%32.46B14.95%30.27B0.74%29.62B6.00%29.64B-3.47%26.89B
Total assets 24.73%103.16B28.61%98.31B23.24%92.43B11.26%88.89B-1.73%82.71B8.35%76.43B12.47%75B18.44%79.9B17.72%84.16B-1.74%70.54B
Liabilities
Current liabilities
Accounts payable 18.58%18B5.26%17.75B3.47%16.96B34.75%26.98B-31.65%15.18B1.80%16.86B44.97%16.39B74.91%20.02B56.16%22.21B10.45%16.57B
Notes payable 142.59%19.16B--17.36B--13.73B------7.9B--------------------
Tax payable 207.85%44.68M-18.85%6.64M-33.30%5.24M101.20%13.56M152.73%14.51M-38.62%8.19M-75.68%7.85M-72.13%6.74M-79.23%5.74M-77.93%13.34M
Amounts payable to associated parties-current liabilities -88.64%1.06M--77K462.29%984K--6.37M-69.68%9.36M-----99.43%175K-----66.11%30.88M82.19%52.09M
Other payables and accrued expenses 44.95%12.54B45.59%10.68B63.56%9.84B29.72%8.25B14.12%8.65B9.95%7.33B-3.03%6.02B8.94%6.36B35.75%7.58B26.62%6.67B
Short-term borrowing -7.10%4.28B-21.11%3.48B-23.05%3.2B-14.80%3.6B18.51%4.61B4.33%4.41B-2.40%4.16B17.04%4.22B60.76%3.89B164.18%4.23B
Derivative financial instrument-current liabilities --281.01M----------------------------------972.75M
Financial lease liabilities-current liabilities 36.85%501.48M32.23%470.33M33.65%478.59M1.80%371.96M-8.48%366.44M-25.11%355.68M-34.79%358.09M-37.00%365.4M-35.33%400.38M-30.14%474.92M
Deferred income-current liabilities 14.69%1.46B120.35%1.9B67.67%1.49B110.78%1.17B102.17%1.28B60.87%863.33M107.20%889.63M34.16%556.08M62.11%631M69.61%536.65M
Total current liabilities 45.78%58.11B67.27%53.57B60.97%47.96B28.16%42.93B10.39%39.86B5.73%32.03B27.16%29.8B48.00%33.49B49.75%36.11B30.11%30.29B
Net current assets -47.92%5.14B-46.54%6.39B-54.43%6.81B-45.87%9.08B-46.38%9.87B-10.63%11.95B-11.74%14.94B8.78%16.78B-5.16%18.41B-35.30%13.37B
Total assets less current liabilities 5.15%45.05B0.74%44.74B-1.64%44.46B-0.95%45.96B-10.84%42.84B10.33%44.41B4.51%45.2B3.51%46.4B1.42%48.05B-17.02%40.25B
Non-current liabilities
Long-term bank loan 16.32%6.59B0.64%6.42B8.13%5.79B7.57%5.84B0.24%5.66B-0.68%6.38B-0.55%5.36B6.26%5.43B22.50%5.65B101.25%6.42B
Financial lease liabilities-non-current liabilities 134.85%4.99B142.46%5.05B140.74%5.21B146.28%5.35B-6.39%2.12B-10.76%2.08B-14.59%2.16B-16.98%2.17B-14.47%2.27B-15.07%2.33B
Deferred tax liability -3.39%330.35M-15.01%312.59M-9.31%330.35M-15.17%341.93M-15.37%341.93M--367.77M--364.27M--403.07M--404.02M----
Deferred income-non-current liabilities 46.59%1.21B55.60%1.07B57.63%1.05B29.59%876.8M22.99%822.72M1.44%688.72M-4.45%667.17M-2.94%676.6M-3.61%668.95M2.14%678.97M
Derivative financial instruments-non-current liabilities -----8.78%324.02M20.15%251.09M26.90%285.39M-57.32%167.94M--355.19M--208.97M--224.9M--393.47M----
Other non-current liabilities -35.88%1.57B-37.40%1.57B-38.87%1.49B7.91%2.55B4.67%2.45B24.05%2.51B24.25%2.43B21.78%2.37B-6.76%2.34B-17.88%2.02B
Total non-current liabilities 26.92%14.68B19.12%14.75B26.15%14.13B35.27%15.26B-1.33%11.57B8.07%12.38B5.84%11.2B8.74%11.28B12.01%11.72B26.36%11.46B
Total liabilities 41.54%72.79B53.84%68.32B51.46%62.09B29.95%58.18B7.52%51.43B6.37%44.41B20.53%40.99B35.66%44.77B38.33%47.83B29.06%41.75B
Total assets less total liabilities -2.90%30.37B-6.36%29.99B-10.79%30.34B-12.58%30.71B-13.91%31.27B11.23%32.03B4.08%34.01B1.94%35.12B-1.58%36.33B-27.00%28.79B
Total equity and non-current liabilities 5.15%45.05B0.74%44.74B-1.64%44.46B-0.95%45.96B-10.84%42.84B10.33%44.41B4.51%45.2B3.51%46.4B1.42%48.05B-17.02%40.25B
Equity
Share capital 0.80%126K0.80%126K1.61%126K1.61%126K0.81%125K10.62%125K9.73%124K9.73%124K9.73%124K0.00%113K
Capital reserve 0.80%71.24B0.77%71.07B0.72%70.92B0.65%70.79B0.67%70.67B15.48%70.53B15.53%70.41B15.65%70.33B15.66%70.2B0.88%61.07B
Retained profit -2.84%-42.77B-7.16%-43.13B-11.22%-42.74B-13.80%-42.26B-16.29%-41.59B-17.14%-40.25B-26.12%-38.43B-34.22%-37.14B-41.17%-35.76B-49.59%-34.36B
Special items of shareholders' rights and interests 44.94%137.72M34.43%118.88M40.97%111.84M56.64%106.22M58.27%95.02M251.95%88.43M321.74%79.34M--67.81M--60.04M--25.13M
Shareholders' Equity -2.90%30.37B-6.36%29.99B-10.79%30.34B-12.58%30.71B-13.91%31.27B11.23%32.03B4.08%34.01B1.94%35.12B-1.58%36.33B-27.00%28.79B
Total equity -2.90%30.37B-6.36%29.99B-10.79%30.34B-12.58%30.71B-13.91%31.27B11.23%32.03B4.08%34.01B1.94%35.12B-1.58%36.33B-27.00%28.79B
Total equity and total liabilities 24.73%103.16B28.61%98.31B23.24%92.43B11.26%88.89B-1.73%82.71B8.35%76.43B12.47%75B18.44%79.9B17.72%84.16B-1.74%70.54B
Currency Unit CNYCNYCNYCNYCNYCNYCNYCNYCNYCNY
Accounting Standards UASUASUASUASUASUASUASUASUASUAS
Audit Opinions Unqualified Opinion------Unaudited opinion------Unaudited opinion--
Auditor PwC Zhongtian Certified Public Accountants (Special General Partnership)------PwC Zhongtian Certified Public Accountants (Special General Partnership)------PwC Zhongtian Certified Public Accountants (Special General Partnership)--

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

Market Insights
China and the US begin implementing the Kuala Lumpur economic and trade consultation consensus.
China and the United States have successively adjusted multiple tariff and non-tariff measures, beginning to implement the consensus outcome Show More