Zeekr Intelligent Technology Holding Ltd. reported its unaudited financial results for the first quarter of 2025. The company achieved total revenues of RMB22,019 million (US$3,034 million), marking an increase of 1.1% from RMB21,781 million in the first quarter of 2024, but a decrease of 37.8% from RMB35,377 million in the fourth quarter of 2024. The net loss attributable to ordinary shareholders was RMB718 million (US$99 million), a significant reduction of 63.8% from the net loss of RMB1,982 million in the same quarter the previous year and an 18.1% decrease from RMB877 million in the fourth quarter of 2024. Total vehicle deliveries reached 114,011 units, reflecting a 21.1% year-over-year increase. The Zeekr brand alone delivered 41,403 vehicles, up 25.2% from the previous year. Meanwhile, the Lynk & Co brand delivered 72,608 vehicles, with 52.4% of these deliveries being new energy vehicle $(NEV)$ models, marking an 18.9% increase year-over-year. The company's overall vehicle margin improved to 16.5%, while the Zeekr brand specifically achieved a margin of 21.2%, both marking significant increases from previous periods. Additionally, the Lynk & Co brand recorded a vehicle margin of 11.4%. Zeekr Group expressed a commitment to deepening resource integration and unlocking synergistic value to deliver enhanced returns for shareholders and build enduring value moving forward.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.