Zeekr Group Reports First Quarter 2025 Unaudited Financial Results – ZEEKR Intelligent Tech (NYSE:ZK)

HANGZHOU, China, Might 15, 2025/ PRNewswire/– ZEEKR Intelligent Innovation Holding Limited (” Zeekr Group” or the “Business”) ZK, the world’s prominent premium brand-new energy automobile group, today revealed its unaudited monetary outcomes for the very first quarter ended March 31, 2025^[1]

Operating Emphasizes for the First Quarter of 2025

• Overall automobile shipments were 114,011 systems for the very first quarter of 2025, representing a 21.1% year-over-year boost. The Zeekr brand name provided 41,403 cars, a boost of 25.2% year-over-year. On the other hand, the Lynk & & Co brand name provided 72,608 cars, taping development of 18.9% year-over-year, with 52.4% of shipment originating from NEV designs.

Monetary Emphasizes for the First Quarter of 2025

• Automobile sales were RMB19,096 million ( US$ 2,631 million)^[2] for the very first quarter of 2025, representing a boost of 16.1% from the very first quarter of 2024 and a reduction of 38.4% from the 4th quarter of 2024.

• Automobile margin^[3] was 16.5% for the very first quarter of 2025, compared to 13.1% for the very first quarter of 2024 and 14.3% for the 4th quarter of 2024.

• Overall earnings were RMB22,019 million ( US$ 3,034 million) for the very first quarter of 2025, representing a boost of 1.1% from the very first quarter of 2024 and a reduction of 37.8% from the 4th quarter of 2024.

• Gross revenue was RMB4,213 million ( US$ 580 million) for the very first quarter of 2025, representing a boost of 18.8% from the very first quarter of 2024 and a reduction of 33.8% from the 4th quarter of 2024.

• Gross margin was 19.1% for the very first quarter of 2025, compared to 16.3% for the very first quarter of 2024 and 18.0% for the 4th quarter of 2024.

• Loss from operations was RMB1,259 million ( US$ 174 million) for the very first quarter of 2025, representing a reduction of 25.7% from the very first quarter of 2024 and a boost of 16.3% from the 4th quarter of 2024. Leaving out share-based settlement expenditures, adjusted loss from operations (non-GAAP)^[4] was RMB1,136 million ( US$ 157 million) for the very first quarter of 2025, representing a reduction of 32.8% from the very first quarter of 2024 and a boost of 14.3% from the 4th quarter of 2024.

• Bottom line was RMB763 million ( US$ 105 million) for the very first quarter of 2025, representing a reduction of 60.2% from the very first quarter of 2024 and a boost of 21.3% from the 4th quarter of 2024. Leaving out share-based settlement expenditures, changed bottom line (non-GAAP) was RMB640 million ( US$ 88 million) for the very first quarter of 2025, representing a reduction of 66.5% from the very first quarter of 2024 and a boost of 18.5% from the 4th quarter of 2024.

Secret Financial Outcomes for the First Quarter of 2025

( in RMB millions, other than for portions)

In April, Zeekr Group provided an overall of 41,316 cars throughout its Zeekr and Lynk & Co brand names, marking a 1.5% boost compared to the previous month. This accomplishment was enabled by the & trust and assistance of over 1.9 million users. Particularly, the Zeekr brand name provided 13,727 cars, while Lynk & Co brand name provided 27,589 cars.

New Design Launches

The Zeekr 7GT, the brand name’s 2nd shooting brake, was released in

China

on April 15, 2025 Geared up with innovative silicon carbide-powered e-motors, the automobile accomplishes 0-100 km/h velocity in simply 2.95 seconds under rolling start conditions. Remarkable efficiency and first-rate security functions place the Zeekr 7GT for a strong proving in worldwide markets. Zeekr Group likewise revealed its flagship high-end SUV, the Zeekr 9X, at the Shanghai Automobile Program. As the very first hybrid design under the Zeekr brand name, the Zeekr 9X sets brand-new standards in style, efficiency, and electrification, marking a significant leap forward for the brand name. This revolutionary design is slated for an international launch in the 3rd quarter of 2025. On

April 28

, the Lynk & & Co brand name started shipments of the Lynk & & Co 900, a big six-seater household SUV. Constructed on the effective medspa Evo platform, the top-tier variation is geared up with the G-Pilot H7 plan, including NVIDIA’s DRIVE AGX Thor calculating platform with an industry-leading 700 TOPS of processing power. With its extensive interior, advanced innovation, and thrilling efficiency, the design has actually currently gathered over 40,000 pre-orders considering that its launching in December. CEO and CFO Remarks” We accomplished a significant turning point throughout the very first quarter with the complete combination of Zeekr and Lynk & & Co, which broadened our worldwide user base to over 1.9 million,” stated Mr.

Andy An

, Zeekr Group’s President. “The 2 brand names’ preliminary technological combination has actually currently enhanced success through enhanced R&D and shared platforms. As we speed up into our next development stage, we will continue to redefine premium movement through technology-driven experiences and high-end service, reinforcing our position as the world’s prominent premium brand-new energy automobile group.” Mr. Jing Yuan

, Zeekr Group’s Chief Financial Officer, included, “In the very first quarter of 2025, improved platform synergies and disciplined supply chain management drove record success, with our general automobile margin reaching 16.5% and the Zeekr brand name’s margin increasing to an extraordinary 21.2%. Looking ahead, we will stay laser-focused on deepening resource combination and opening higher synergistic worth to provide improved returns for our investors and develop long-lasting worth.” Monetary Outcomes for the

First Quarter of 2025 Incomes Overall earnings

were

• RMB22,019 million ( US$ 3,034 million) for the very first quarter of 2025, representing a boost of 1.1% from RMB21,781 million for the very first quarter of 2024 and a reduction of 37.8% from RMB35,377 million for the 4th quarter of 2024. Incomes from automobile sales were

• RMB19,096 million ( US$ 2,631 million) for the very first quarter of 2025, representing a boost of 16.1% from RMB16,450 million for the very first quarter of 2024, and a reduction of 38.4% from RMB31,015 million for the 4th quarter of 2024. The year-over-year boost was attributable to the boost in brand-new design shipment volume, partly balanced out by the lower typical market price due to modifications in item mix and prices technique in between the 2 quarters. The quarter-over-quarter reduction was primarily attributable to a reduction in shipment volume, which was impacted by seasonal elements. Incomes from other sales and services were

• RMB2,923 million ( US$ 403 million) for the very first quarter of 2025, representing a reduction of 45.2% from RMB5,331 million for the very first quarter of 2024 and a reduction of 33.0% from RMB4,362 million for the 4th quarter of 2024. The year-over-year reduction was primarily due to the reduced sales volume and system cost of battery packs and electrical drives. The quarter-over-quarter reduction was primarily due to a reduction in sales of R&D services to our associated celebrations and minimized OEM production volumes at Lynk & & Co’s production centers in the very first quarter of 2025. Expense of Incomes and Gross Margin Expense of earnings

was

• RMB17,806 million ( US$ 2,454 million) for the very first quarter of 2025, representing a reduction of 2.4% from RMB18,236 million for the very first quarter of 2024 and a reduction of 38.6% from RMB29,012 million for the 4th quarter of 2024. The minor year-over-year reduction was mainly attributable to the continuous automobile cost-saving efforts, partly balanced out by increased automobile shipments, in addition to decreases coming from lower sales of battery packs and other parts. The quarter-over-quarter reduction was primarily due to the minimized automobile shipment volume integrated with continual automobile cost-saving efforts. Gross revenue was

• RMB4,213 million ( US$ 580 million) for the very first quarter of 2025, representing a boost of 18.8% from RMB3,545 million for the very first quarter of 2024 and a reduction of 33.8% from RMB6,365 million for the 4th quarter of 2024. Gross margin was 19.1% for the very first quarter of 2025, compared to 16.3% for the very first quarter of 2024 and 18.0% for the 4th quarter of 2024.

• Automobile margin was 16.5% for the very first quarter of 2025, compared to 13.1% for the very first quarter of 2024 and 14.3% for the 4th quarter of 2024. The year-over-year and quarter-over-quarter boosts were mainly credited to continual cost-saving efforts, partially balanced out by the lower typical market price of cars.

• Operating Costs Research study and advancement expenditures

were

• RMB2,908 million ( US$ 401 million) for the very first quarter of 2025, representing a boost of 25.0% from RMB2,326 million for the very first quarter of 2024 and a reduction of 25.6% from RMB3,910 million for the 4th quarter of 2024. The year-over-year boost was primarily attributable to incremental expenses related to the advancement of our brand-new automobile platform. The quarter-over-quarter reduction was primarily driven by sped up advancing of R&D tasks in Q4 2024 to line up with the 2025 item launch timelines. Offering, basic and administrative expenditures were

• RMB2,645 million ( US$ 364 million) for the very first quarter of 2025, representing a reduction of 9.2% from RMB2,913 million for the very first quarter of 2024 and a reduction of 35.8% from RMB4,123 million for the 4th quarter of 2024. The year-over-year and quarter-over-quarter reductions were primarily attributable to greater advertising and marketing expenditures to support brand-new automobile design launches in Q1 2024 and Q4 2024, in addition to rigid expense discipline executed under the Business’s 2025 performance improvement program. Loss from Operations Loss from operations

was

• RMB1,259 million ( US$ 174 million) for the very first quarter of 2025, representing a reduction of 25.7% from RMB1,694 million for the very first quarter of 2024 and a boost of 16.3% from RMB1,083 million for the 4th quarter of 2024. Non-GAAP loss from operations, which leaves out share-based settlement expenditures from loss from operations, was

• RMB1,136 million ( US$ 157 million) for the very first quarter of 2025, representing a reduction of 32.8% from RMB1,691 million for the very first quarter of 2024 and a boost of 14.3% from RMB994 million for the 4th quarter of 2024. Bottom Line and Bottom Line Per Share Bottom line

was

• RMB763 million ( US$ 105 million) for the very first quarter of 2025, representing a reduction of 60.2% from RMB1,915 million for the very first quarter of 2024 and a boost of 21.3% from RMB629 million for the 4th quarter of 2024. Non-GAAP bottom line, which leaves out share-based settlement expenditures from bottom line, was

• RMB640 million ( US$ 88 million) for the very first quarter of 2025, representing a reduction of 66.5% from RMB1,912 million for the very first quarter of 2024 and a boost of 18.5% from RMB540 million for the 4th quarter of 2024. Bottom line attributable to regular investors of Zeekr Group was

• RMB718 million ( US$ 99 million) for the very first quarter of 2025, representing a reduction of 63.8% from RMB1,982 million for the very first quarter of 2024 and a reduction of 18.1% from RMB877 million for the 4th quarter of 2024. Non-GAAP bottom line attributable to regular investors of Zeekr Group, which leaves out share-based settlement expenditures from bottom line attributable to regular investors, was

• RMB595 million ( US$ 82 million) for the very first quarter of 2025, representing a reduction of 69.9% from RMB1,979 million for the very first quarter of 2024 and a reduction of 24.5% from RMB788 million for the 4th quarter of 2024. Standard and diluted bottom line per share credited to regular investors

• were both RMB0.28( US$ 0.04) for the very first quarter of 2025, compared to RMB0.99 each for the very first quarter of 2024 and RMB0.34 each for the 4th quarter of 2024. Non-GAAP standard and diluted bottom line per share credited to regular investors

• were both RMB0.23( US$ 0.03) for the very first quarter of 2025, compared to RMB0.99 each for the very first quarter of 2024 and RMB0.31 each for the 4th quarter of 2024. Standard and diluted bottom line per American Depositary Share (” ADS“)

• credited to regular investors^[5] were both RMB2.81( US$ 0.39) for the very first quarter of 2025, compared to RMB3.44 each for the 4th quarter of 2024. Non-GAAP standard and diluted bottom line per ADS credited to regular investors

• were both RMB2.33( US$ 0.32) for the very first quarter of 2025, compared to RMB3.09 each for the 4th quarter of 2024. Each ADS represents 10 regular shares.

was

RMB9,898 million ( US$ 1,364 million) since March 31, 2025 Teleconference The Business’s management will host a revenues teleconference on

Thursday, May 15, 2025

, at 8:00 A.M. U.S. Eastern Time ( 8:00 P.M. Beijing/ Hong Kong Time on the exact same day). All individuals who want to sign up with the call are asked for to finish the online registration utilizing the link supplied listed below. After registration, each individual will get by e-mail a set of dial-in numbers, a passcode and a special gain access to PIN to sign up with the teleconference. Individuals might pre-register at any time, consisting of approximately and after the call start time. Individual Online Registration: https://dpregister.com/sreg/10198801/feeb731fe9

A live webcast of the teleconference will be offered on the Business’s financier relations site at https://ir.zeekrgroup.com.

About Zeekr Group

Zeekr Group, headquartered in

Zhejiang, China

, is the world’s prominent premium brand-new energy automobile group from Geely Holding Group. With 2 brand names, Lynk & & Co and Zeekr, Zeekr Group intends to produce a totally incorporated user environment with development as a requirement. Using its modern centers and first-rate knowledge, Zeekr Group is establishing its own software application systems, e-powertrain, and electrical automobile supply chain. Zeekr Group’s worths are equality, variety, and sustainability. Its aspiration is to end up being a real worldwide brand-new energy movement service service provider. For more details, please see https://ir.zeekrgroup.com. Non-GAAP Financial Procedures

The Business utilizes non-GAAP monetary procedures, such as non-GAAP loss from operations, non-GAAP bottom line, non-GAAP bottom line attributable to regular investors, non-GAAP standard and diluted bottom line per regular share credited to regular investors, non-GAAP standard and diluted bottom line per ADS credited to regular investors, in examining its operating outcomes and for monetary and functional decision-making functions. By omitting the effect of share-based settlement expenditures, the Business thinks that the non-GAAP monetary procedures assist determine underlying patterns in its service and boost the general understanding of the Business’s previous efficiency and future potential customers. The Business likewise thinks that the non-GAAP monetary procedures permit higher presence with regard to crucial metrics utilized by the Business’s management in its monetary and functional decision-making. The non-GAAP monetary procedures are not provided in accordance with U.S. GAAP and might be various from non-GAAP approaches of accounting and reporting utilized by other business. The non-GAAP monetary procedures have constraints as analytical tools and when examining the Business’s operating efficiency, financiers ought to rule out them in seclusion, or as a replacement for bottom line or other combined declarations of extensive loss information prepared in accordance with U.S. GAAP. The Business motivates financiers and others to examine its monetary details in its totality and not count on a single monetary step. The Business reduces these constraints by fixing up the non-GAAP monetary procedures to the most equivalent U.S. GAAP efficiency procedures, all of which ought to be thought about when examining the Business’s efficiency.

For more details on the non-GAAP monetary procedures, please see the table captioned “Unaudited Reconciliations of GAAP and non-GAAP Outcomes” stated in this statement.

Currency Exchange Rate Details

This statement includes translations of particular RMB quantities into U.S. dollars at a defined rate exclusively for the benefit of the reader. Unless otherwise kept in mind, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of

RMB7.2567

to US$ 1.00, the currency exchange rate on March 31, 2025, stated in the H. 10 analytical release of the Federal Reserve Board. The Business makes no representation that the RMB or U.S. dollar amounts described might be transformed into U.S. dollars or RMB, as the case might be, at any specific rate or at all. Safe Harbor Declaration This statement includes positive declarations. These declarations are made under the “safe harbor” arrangements of the U.S. Personal Securities Lawsuits Reform Act of 1995. Declarations that are not historic realities, consisting of declarations about the Business’s beliefs and expectations, are positive declarations. Positive declarations include fundamental dangers and unpredictabilities, and a variety of elements might trigger real outcomes to vary materially from those included in any positive declaration. In many cases, positive declarations can be recognized by words or expressions such as “may,” “will,” “anticipate,” “prepare for,” “future,” “target,” “objective,” “price quote,” “plan,” “strategy,” “think,” “prospective,” “continue,” “is/are most likely to,” or other comparable expressions. Additional details concerning these and other dangers, unpredictabilities or elements is consisted of in the Business’s filings with the SEC. All details supplied in this statement is since the date of this statement, and the Business does not carry out any responsibility to upgrade such details, other than as needed under appropriate law.

Financier Relations Contact

In

China

: ZEEKR Intelligent Innovation Holding Limited Financier Relations
Email: ir@zeekrlife.com
Piacente Financial Communications
Tel: +86-10-6508-0677

Email: Zeekr@thepiacentegroup.com
In
the United States

: Piacente Financial Communications Brandi Piacente
Tel: +1 -212 -481 -2050
Email: Zeekr@thepiacentegroup.com
Media Contact
Email: Globalcomms@zeekrgroup.com

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SOURCE ZEEKR Intelligent Innovation Holding Limited