Zeekr's vehicle sales and margins improve in Q1, but revenue in USD misses estimates.

From Yahoo Finance: 2025-05-15 11:23:00

ZEEKR Intelligent Technology Holding (NYSE: ZK) reported fiscal first-quarter results with revenue of 22.02 billion Chinese yuan, up 1.1% YoY. Vehicle sales were 19.1 billion Chinese yuan for the quarter, increasing 16.1% YoY. The company delivered 41,403 Zeekr brand vehicles and 72,608 Lynk & Co vehicles, with a 25.2% and 18.9% growth respectively.

In USD, revenue of $3.03 billion missed the analyst consensus estimate of $3.90 billion. Adjusted net loss per ADS was 2.33 Chinese yuan or 32 cents in US dollars. The company’s vehicle margin increased to 16.5% from 13.1% in the prior year quarter.

Revenues from other sales and services declined 45.2% YoY to $403 million. Gross margin expanded to 19.1% from 16.3% a year ago. As of March 31, 2025, cash and cash equivalents stood at 9.9 billion Chinese yuan ($1.36 billion).

CFO Jing Yuan noted, “enhanced platform synergies and disciplined supply chain management drove record profitability, with our overall vehicle margin reaching 16.5% and the Zeekr brand’s margin rising to 21.2%.” ZK shares are trading lower at $28.48.



Read more at Yahoo Finance: Zeekr Vehicle Sales Jump 25%, Cost Cuts Drive Record Margins