ZEEKR Intelligent Innovation Holding ZK reported financial first-quarter outcomes on Thursday. The business reported quarterly income of 22.02 billion Chinese yuan, representing a boost of 1.1% year-on-year.
In U.S. dollars, income of $3.03 billion missed out on the expert agreement price quote of $ 3.90 billion.
The Zeekr brand name provided 41,403 cars, a boost of 25.2%. On the other hand, the Lynk & & Co brand name provided 72,608 cars, taping a development of 18.9%, with 52.4% of shipment originating from NEV designs.
The premium electrical lorry business’s adjusted bottom line per ADS was 2.33 Chinese yuan. In U.S. dollar terms, the business reported adjusted bottom line per ADS of 32 cents.
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Automobile sales were 19.1 billion Chinese yuan ($ 2.63 billion) for the quarter, representing a boost of 16.1% Y/Y driven by the boost in brand-new design shipment volume, partly balanced out by the lower typical market price due to modifications in item mix and rates method.
The lorry margin was 16.5%, up from 13.1% in the previous year quarter, driven by continual cost-saving efforts.
Profits from other sales and services decreased 45.2% Y/Y to $403 million for the quarter, primarily due to the reduced sales volume and system rate of battery packs and electrical drives.
The gross margin broadened to 19.1% for the quarter from 16.3% a year earlier. Changed bottom line was $88 million for the quarter, down by 66.5%.
Since March 31, 2025, money and money equivalents and limited money stood at 9.9 billion Chinese yuan ($ 1.36 billion).
Jing Yuan, CFO, stated, “In the very first quarter of 2025, boosted platform synergies and disciplined supply chain management drove record success, with our general lorry margin reaching 16.5% and the Zeekr brand name’s margin increasing to an extraordinary 21.2%.”
Rate Action: ZK shares are trading lower 1.04% to $ 28.48 at the last check Thursday.
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