Zeekr vehicle sales jump 25%, record margin due to cost reduction

Zeekr Intelligent Technology Holding (NYSE:ZK) Report First quarter of fiscal year Thursday results. The company reported quarterly revenue of 220.2 billion yuan, representing a 1.1% increase from the previous year.

In the US dollar, $3.03 billion in revenue missed analysts The consensus estimate is $39 billion.

The Zeekr brand provided 41,403 vehicles, up 25.2%. Meanwhile, the Lynk & Co brand offers 72,608 vehicles, with a growth of 18.9% and a delivery of 52.4% comes from the NEV model.

The premium electric vehicle company’s adjusted net loss per advertisement was 2.33 Chinese yuan. On the US dollar terms, the company reported an adjusted net loss per ad of 32 cents.

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Vehicle sales were quarterly Chinese Yuan ($2.63 billion), representing an increase of 16.1% Y/Y driven by an increase in new model delivery volume, partially offset by a drop in average selling prices due to product mixing and changes in pricing strategies.

The vehicle margin was 16.5%, up from 13.1% in the previous year’s quarter.

Revenue from other sales and services 45.2% y/y fell to $403 million quarterly, mainly due to lower sales volumes and unit prices for battery packs and electric drives.

Total margins increased from 16.3% the previous year to 19.1% for the quarter. Adjusted net loss fell 66.5% to $88 million for the quarter.

As of March 31, 2025, cash and cash equivalents and limited cash amounted to 9.9 billion yuan ($1.36 billion).

Jing YuanThe CFO said: “In the first quarter of 2025, the platform’s synergy was enhanced and supply chain management disciplined has increased record profitability, bringing overall vehicle margins to 16.5% and the ZeekR brand margins to an unprecedented 21.2%.”

Price Action: ZK’s shares are trading at $28.48, down 1.04% on its last check on Thursday.

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