Zeekr Group Reports Second Quarter 2025 Unaudited Financial Results
Zeekr Group (NYSE:ZK) reported Q2 2025 financial results showing significant operational improvements. The company delivered 130,866 vehicles, up 9.3% YoY, with Zeekr brand contributing 49,337 units and Lynk & Co delivering 81,529 units.
Total revenues reached RMB27,431 million (US$3,829 million), with vehicle sales of RMB22,916 million. Notable improvements include vehicle margin increasing to 17.3% from 11.5% YoY, and gross margin rising to 20.6%. The company achieved an operating income of RMB285 million, compared to previous losses, while reducing net loss by 88.8% YoY to RMB287 million.
The company also unveiled its new Super Hybrid Technologies and announced the Zeekr 9X model, featuring a 70kWh battery pack with 380km range, set for Q3 2025 deliveries.
Zeekr Group (NYSE:ZK) ha pubblicato i risultati finanziari del 2° trimestre 2025, evidenziando miglioramenti operativi significativi. L'azienda ha consegnato 130,866 veicoli, in aumento del 9,3% su base annua (YoY): il marchio Zeekr ha contribuito con 49,337 unità e Lynk & Co con 81,529 unità.
I ricavi totali hanno raggiunto RMB27,431 million (US$3,829 million), con vendite di veicoli per RMB22,916 million. Tra i miglioramenti più rilevanti si segnala l'incremento della marginalità per veicolo al 17,3% (da 11,5% l'anno precedente) e un aumento della marginalità lorda al 20,6%. La società ha registrato un risultato operativo di RMB285 million, dopo precedenti perdite, e ha ridotto la perdita netta dell'88,8% su base annua a RMB287 million.
Inoltre ha presentato la nuova Super Hybrid Technologies e annunciato il modello Zeekr 9X, dotato di un pacco batterie da 70 kWh con 380 km di autonomia, con consegne previste per il 3° trimestre 2025.
Zeekr Group (NYSE:ZK) publicó los resultados financieros del 2T 2025, que muestran mejoras operativas significativas. La compañía entregó 130,866 vehículos, un aumento del 9.3% interanual (YoY); la marca Zeekr aportó 49,337 unidades y Lynk & Co 81,529 unidades.
Los ingresos totales alcanzaron RMB27,431 million (US$3,829 million), con ventas de vehículos por RMB22,916 million. Entre las mejoras destacadas, el margen por vehículo subió al 17.3% desde el 11.5% interanual, y el margen bruto aumentó al 20.6%. La compañía registró un resultado operativo de RMB285 million, tras pérdidas anteriores, y redujo la pérdida neta un 88.8% interanual hasta RMB287 million.
También presentó su nueva Super Hybrid Technologies y anunció el modelo Zeekr 9X, equipado con una batería de 70 kWh y 380 km de autonomía, con entregas previstas para el 3T 2025.
Zeekr Group (NYSE:ZK)는 2025년 2분기 실적을 발표하며 운영 성과가 크게 개선되었음을 밝혔습니다. 회사는 130,866대를 인도해 전년 동기 대비 9.3% 증가했으며, Zeekr 브랜드가 49,337대, Lynk & Co가 81,529대를 인도했습니다.
총수익은 RMB27,431 million (US$3,829 million)에 달했고, 차량 판매는 RMB22,916 million이었습니다. 주목할 만한 개선으로 차량 마진이 전년 11.5%에서 17.3%로 상승했고, 총마진은 20.6%로 올랐습니다. 회사는 이전의 손실에서 벗어나 영업이익 RMB285 million을 기록했으며, 순손실은 전년 대비 88.8% 감소한 RMB287 million으로 줄었습니다.
또한 회사는 새로운 Super Hybrid Technologies를 공개하고, 70 kWh 배터리 팩에 380 km 주행거리를 갖춘 Zeekr 9X 모델을 발표했으며, 2025년 3분기 인도를 예정하고 있습니다.
Zeekr Group (NYSE:ZK) a publié ses résultats financiers du T2 2025 montrant des améliorations opérationnelles significatives. Le groupe a livré 130,866 véhicules, en hausse de 9,3% en glissement annuel (YoY) ; la marque Zeekr a contribué 49,337 unités et Lynk & Co 81,529 unités.
Les revenus totaux ont atteint RMB27,431 million (US$3,829 million), dont les ventes de véhicules s'élèvent à RMB22,916 million. Parmi les progrès notables, la marge par véhicule est passée à 17,3% contre 11,5% l'an dernier, et la marge brute a augmenté à 20,6%. La société a enregistré un résultat d'exploitation de RMB285 million, après des pertes antérieures, et a réduit sa perte nette de 88,8% en glissement annuel à RMB287 million.
Elle a également dévoilé sa nouvelle Super Hybrid Technologies et annoncé le modèle Zeekr 9X, équipé d'une batterie de 70 kWh offrant 380 km d'autonomie, avec des livraisons prévues pour le T3 2025.
Zeekr Group (NYSE:ZK) veröffentlichte die Finanzergebnisse für Q2 2025 und zeigte deutliche operative Verbesserungen. Das Unternehmen lieferte 130,866 Fahrzeuge, ein Plus von 9,3% gegenüber dem Vorjahr; die Marke Zeekr steuerte 49,337 Einheiten bei, Lynk & Co 81,529 Einheiten.
Der Gesamtumsatz belief sich auf RMB27,431 million (US$3,829 million), die Fahrzeugverkäufe lagen bei RMB22,916 million. Zu den bemerkenswerten Verbesserungen zählen die Erhöhung der Fahrzeugmarge auf 17,3% (vorher 11,5% im Jahresvergleich) und ein Anstieg der Bruttomarge auf 20,6%. Das Unternehmen erzielte ein Betriebsergebnis von RMB285 million nach zuvor verzeichneten Verlusten und verringerte den Nettoverlust um 88,8% im Jahresvergleich auf RMB287 million.
Außerdem stellte das Unternehmen die neue Super Hybrid Technologies vor und kündigte das Modell Zeekr 9X an, das über ein 70 kWh Batteriepaket mit 380 km Reichweite verfügt und ab Q3 2025 ausgeliefert werden soll.
- Achieved operating profit of RMB285 million, turning from previous losses
- Vehicle margin improved significantly to 17.3% from 11.5% YoY
- Net loss decreased by 88.8% YoY to RMB287 million
- Vehicle deliveries increased 9.3% YoY to 130,866 units
- Gross margin improved to 20.6% from 18.0% YoY
- R&D expenses decreased 42.9% YoY due to business integration efficiencies
- Total revenues decreased 0.9% YoY to RMB27,431 million
- Zeekr brand vehicle sales declined 18.7% YoY
- Other sales and services revenue decreased 13.8% YoY
- Company continues to operate at a net loss despite improvements
Insights
Zeekr turns profitable at operating level with 88.8% reduction in net losses amid strong margin improvements.
Zeekr Group's Q2 2025 results reveal a significant turnaround with the company reporting operating income of RMB285 million, compared to an operating loss of RMB2,269 million in Q2 2024. This marks the company's first quarterly operating profit as a public entity, driven by substantial margin improvements and operational efficiencies.
The most impressive metric is the vehicle margin expansion to 17.3%, up 5.8 percentage points year-over-year and 0.8 points sequentially. This places Zeekr's margins firmly in premium territory, with the Zeekr brand achieving an exceptional 21.1% vehicle margin. The Lynk & Co brand also showed remarkable improvement with vehicle margins rising to 13.8% from 7.6% a year earlier.
While vehicle deliveries increased 9.3% year-over-year to 130,866 units, revenue remained relatively flat at RMB27,431 million (down 0.9% YoY). This reflects the company's shift toward a more profitable product mix rather than volume-chasing. The company has dramatically reduced its net loss by 88.8% year-over-year to RMB287 million, signaling a clear path toward full profitability.
Particularly noteworthy is how Zeekr has achieved these margin improvements while cutting operating expenses. R&D expenses decreased by 42.9% year-over-year to RMB2,146 million, while SG&A expenses fell 9.7% to RMB3,364 million. These cost reductions appear to be structural rather than temporary, coming from economies of scale following the integration of the Zeekr and Lynk & Co businesses.
The July launch of the company's new Super Hybrid Technologies platform could further accelerate growth, addressing range anxiety concerns with a 380km all-electric range plus hybrid capability. With RMB10,210 million in cash reserves, Zeekr appears well-positioned to continue its expansion while maintaining its newfound operational discipline.
Operating Highlights for the Second Quarter of 2025
- Total vehicle deliveries were 130,866 units for the second quarter of 2025, representing a
9.3% year-over-year increase and a14.8% quarter-over-quarter increase. The Zeekr brand delivered 49,337 vehicles. Meanwhile, the Lynk & Co brand delivered 81,529 vehicles, with58.8% of deliveries coming from NEV models.
Deliveries | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | ||||
130,866 | 114,011 | 169,088 | 124,606 | |||||
Deliveries | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | ||||
119,755 | 94,115 | 120,114 | 94,151 |
Financial Highlights for the Second Quarter of 2025
- Vehicle sales were
RMB22,916 million (US )[2] for the second quarter of 2025, representing an increase of$3,199 million 2.2% from the second quarter of 2024 and an increase of20.0% from the first quarter of 2025. - Vehicle margin[3] was
17.3% for the second quarter of 2025, compared with11.5% for the second quarter of 2024 and16.5% for the first quarter of 2025. - Total revenues were
RMB27,431 million (US ) for the second quarter of 2025, representing a decrease of$3,829 million 0.9% from the second quarter of 2024 and an increase of24.6% from the first quarter of 2025. - Gross profit was
RMB5,656 million (US ) for the second quarter of 2025, representing an increase of$789 million 13.3% from the second quarter of 2024 and an increase of34.3% from the first quarter of 2025. - Gross margin was
20.6% for the second quarter of 2025, compared with18.0% for the second quarter of 2024 and19.1% for the first quarter of 2025. - Income from operations was
RMB285 million (US ) for the second quarter of 2025, compared with$39 million RMB2,269 million loss from operations in the second quarter of 2024 andRMB1,259 million loss from operations in the first quarter of 2025. Excluding share-based compensation expenses, adjusted income from operations (non-GAAP)[4] wasRMB315 million (US ) for the second quarter of 2025, compared with$43 million RMB1,325 million non-GAAP loss from operations in the second quarter of 2024 andRMB1,136 million non-GAAP loss from operations in the first quarter of 2025. - Net loss was
RMB287 million (US ) for the second quarter of 2025, representing a decrease of$40 million 88.8% from the second quarter of 2024 and a decrease of62.4% from the first quarter of 2025. Excluding share-based compensation expenses, adjusted net loss (non-GAAP)[4] wasRMB257 million (US ) for the second quarter of 2025, representing a decrease of$36 million 84.2% from the second quarter of 2024 and a decrease of59.8% from the first quarter of 2025.
[1] All disclosed data (including historical periods) were recast to reflect common-control accounting treatment related to Lynk & Co's acquisition. [2] All conversions from Renminbi("RMB") to [3] Vehicle margin is the margin of vehicle sales, which is calculated based on revenues and cost of revenues derived from vehicle sales only. [4] The Company's non-GAAP financial measures exclude share-based compensation expenses. See "Unaudited Reconciliation of GAAP and Non-GAAP Results" set forth at the end of this announcement. |
Key Financial Results for the Second Quarter of 2025
(in RMB millions, except for percentages)
2025 Q2 | 2025 Q1 | 2024 Q2 | % Changei | |||
YoY | QoQ | |||||
Vehicle sales | 22,916 | 19,096 | 22,433 | 2.2 % | 20.0 % | |
-Zeekr | 10,925 | 9,987 | 13,438 | (18.7) % | 9.4 % | |
- Lynk & Co | 11,991 | 9,109 | 8,995 | 33.3 % | 31.6 % | |
Vehicle margin | 17.3 % | 16.5 % | 11.5 % | 5.8pts | 0.8pts | |
-Zeekr | 21.1 % | 21.2 % | 14.2 % | 6.9pts | (0.1)pts | |
- Lynk & Co | 13.8 % | 11.4 % | 7.6 % | 6.2pts | 2.4pts | |
Total revenues | 27,431 | 22,019 | 27,671 | (0.9) % | 24.6 % | |
Gross profit | 5,656 | 4,213 | 4,994 | 13.3 % | 34.3 % | |
Gross margin | 20.6 % | 19.1 % | 18.0 % | 2.6pts | 1.5pts | |
Income/(loss) from operations | 285 | (1,259) | (2,269) | N/A | N/A | |
Non-GAAP income/(loss) from operations | 315 | (1,136) | (1,325) | N/A | N/A | |
Net loss | (287) | (763) | (2,569) | (88.8) % | (62.4) % | |
Non-GAAP net loss | (257) | (640) | (1,625) | (84.2) % | (59.8) % | |
i | Except for vehicle margin and gross margin, absolute changes instead of percentage changes are presented. |
Recent Developments
Delivery Update
In July, Zeekr Group delivered a total of 44,193 vehicles across its Zeekr and Lynk & Co brands, marking a
New Model Launches
On July 9, 2025, Zeekr debuted its revolutionary Super Hybrid Technologies in Wuzhen,
The recently unveiled Zeekr 9X is the first model in the Zeekr lineup to incorporate this technology. Boasting a 70kWh battery pack with a 380km range per CLTC (model specific), as well as an all-new, turbocharged 2.0T engine with peak power output of 205 kW (275 hp) and thermal efficiency over
Financial Results for the Second Quarter of 2025
Revenues
- Total revenues were
RMB27,431 million (US ) for the second quarter of 2025, representing a decrease of$3,829 million 0.9% fromRMB27,671 million for the second quarter of 2024 and an increase of24.6% fromRMB22,019 million for the first quarter of 2025. - Revenues from vehicle sales were
RMB22,916 million (US ) for the second quarter of 2025, representing an increase of$3,199 million 2.2% fromRMB22,433 million for the second quarter of 2024, and an increase of20.0% fromRMB19,096 million for the first quarter of 2025. The year-over-year increase was mainly driven by higher sales volume of the Lynk & Co brand, partially offset by lower sales volume of the Zeekr brand. The quarter-over-quarter increase was mainly driven by sales growth resulting from the launch of new models during the second quarter of 2025. - Revenues from other sales and services were
RMB4,515 million (US ) for the second quarter of 2025, representing a decrease of$630 million 13.8% fromRMB5,238 million for the second quarter of 2024 and an increase of54.5% fromRMB2,923 million for the first quarter of 2025. The year-over-year decrease was primarily due to a decrease in R&D revenue from related parties in the second quarter of 2025. The quarter-over-quarter increase was mainly due to the increased overseas sales of battery packs and electric drives since May 2025.
Cost of Revenues and Gross Margin
- Cost of revenues was
RMB21,775 million (US ) for the second quarter of 2025, representing a decrease of$3,040 million 4.0% fromRMB22,677 million for the second quarter of 2024 and an increase of22.3% fromRMB17,806 million for the first quarter of 2025. The year-over-year decrease was primarily attributable to the ongoing vehicle cost-saving initiatives. The quarter-over-quarter increase was mainly due to the increased vehicle delivery volume. - Gross profit was
RMB5,656 million (US ) for the second quarter of 2025, representing an increase of$789 million 13.3% fromRMB4,994 million for the second quarter of 2024 and an increase of34.3% fromRMB4,213 million for the first quarter of 2025. - Gross margin was
20.6% for the second quarter of 2025, compared with18.0% for the second quarter of 2024 and19.1% for the first quarter of 2025. - Vehicle margin was
17.3% for the second quarter of 2025, compared with11.5% for the second quarter of 2024 and16.5% for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily attributed to sustained cost-saving initiatives.
Operating Expenses
- Research and development expenses were
RMB2,146 million (US ) for the second quarter of 2025, representing a decrease of$300 million 42.9% fromRMB3,760 million for the second quarter of 2024 and a decrease of26.2% fromRMB2,908 million for the first quarter of 2025. The year-over-year and quarter-over-quarter decreases were mainly driven by economies of scale resulting from business integration, partially offset by expanded technological investments for vehicle models. - Selling, general and administrative expenses were
RMB3,364 million (US ) for the second quarter of 2025, representing a decrease of$469 million 9.7% fromRMB3,725 million for the second quarter of 2024 and an increase of27.2% fromRMB2,645 million for the first quarter of 2025. The year-over-year decrease was mainly driven by economies of scale generated following the Zeekr and Lynk & Co business integration. The quarter-over-quarter increase was primarily attributable to higher marketing and advertising expenses to support new vehicle model launches and sales growth.
Income/(Loss) from Operations
- Income from operations was
RMB285 million (US ) for the second quarter of 2025, compared with$39 million RMB2,269 million loss from operations in the second quarter of 2024 andRMB1,259 million loss from operations in the first quarter of 2025. - Non-GAAP income from operations, which excludes share-based compensation expenses from income/(loss) from operations, was
RMB315 million (US ) for the second quarter of 2025, compared with$43 million RMB1,325 million non-GAAP loss from operations in the second quarter of 2024 andRM1,136 million non-GAAP loss from operations in the first quarter of 2025.
Net Loss and Net Loss Per Share
- Net loss was
RMB287 million (US ) for the second quarter of 2025, representing a decrease of$40 million 88.8% fromRMB2,569 million for the second quarter of 2024 and a decrease of62.4% fromRMB763 million for the first quarter of 2025. - Non-GAAP net loss, which excludes share-based compensation expenses from net loss, was
RMB257 million (US ) for the second quarter of 2025, representing a decrease of$36 million 84.2% fromRMB1,625 million for the second quarter of 2024 and a decrease of59.8% fromRMB640 million for the first quarter of 2025. - Net loss attributable to ordinary shareholders of Zeekr Group was
RMB394 million (US ) for the second quarter of 2025, representing a decrease of$55 million 86.3% fromRMB2,876 million for the second quarter of 2024 and a decrease of45.1% fromRMB718 million for the first quarter of 2025. - Non-GAAP net loss attributable to ordinary shareholders of Zeekr Group, which excludes share-based compensation expenses from net loss attributable to ordinary shareholders, was
RMB364 million (US ) for the second quarter of 2025, representing a decrease of$51 million 81.2% fromRMB1,932 million for the second quarter of 2024 and a decrease of38.8% fromRMB595 million for the first quarter of 2025. - Basic and diluted net loss per share attributed to ordinary shareholders were both
RMB0.15 (US ) for the second quarter of 2025, compared with$0.02 RMB1.25 each for the second quarter of 2024 andRMB0.28 each for the first quarter of 2025. - Non-GAAP basic and diluted net loss per share attributed to ordinary shareholders were both
RMB0.14 (US ) for the second quarter of 2025, compared with$0.02 RMB0.84 each for the second quarter of 2024 andRMB0.23 each for the first quarter of 2025. - Basic and diluted net loss per American Depositary Share[5] ("ADS") attributed to ordinary shareholders were both
RMB1.54 (US ) for the second quarter of 2025, compared with$0.21 RMB12.49 each for the second quarter of 2024 andRMB2.81 each for the first quarter of 2025. - Non-GAAP basic and diluted net loss per ADS attributed to ordinary shareholders were both
RMB1.42 (US ) for the second quarter of 2025, compared with$0.20 RMB8.39 each for the second quarter of 2024 andRMB2.33 each for the first quarter of 2025.
[5] Each ADS represents ten ordinary shares. |
Balance Sheets
Cash and cash equivalents and restricted cash was
About Zeekr Group
Zeekr Group, headquartered in
For more information, please visit https://ir.zeekrgroup.com.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, such as non-GAAP income/(loss) from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic and diluted net loss per ordinary share attributed to ordinary shareholders, non-GAAP basic and diluted net loss per ADS attributed to ordinary shareholders, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company's past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with
For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of GAAP and non-GAAP Results" set forth in this announcement.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
Investor Relations Contact
In
ZEEKR Intelligent Technology Holding Limited
Investor Relations
Email: ir@zeekrlife.com
Piacente Financial Communications
Tel: +86-10-6508-0677
Email: Zeekr@thepiacentegroup.com
In
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Zeekr@thepiacentegroup.com
Media Contact
Email: Globalcomms@zeekrgroup.com
ZEEKR INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in millions) | ||||||
As of | ||||||
December 31 | June 30 | June 30 | ||||
2024 | 2025 | 2025 | ||||
RMB | RMB | US$ | ||||
ASSETS | ||||||
Current assets: | ||||||
Cash and cash equivalents | 9,897 | 8,088 | 1,129 | |||
Restricted cash | 1,491 | 2,122 | 296 | |||
Notes receivable | 12,268 | 6,618 | 924 | |||
Accounts receivable | 2,344 | 2,873 | 401 | |||
Inventories | 10,388 | 8,007 | 1,118 | |||
Amounts due from related parties | 9,821 | 11,036 | 1,541 | |||
Prepayments and other current assets | 4,654 | 5,870 | 819 | |||
Total current assets | 50,863 | 44,614 | 6,228 | |||
Property, plant and equipment, net | 10,984 | 10,502 | 1,466 | |||
Intangible assets, net | 1,346 | 1,426 | 199 | |||
Land use rights, net | 506 | 500 | 70 | |||
Operating lease right-of-use assets | 3,008 | 2,817 | 393 | |||
Deferred tax assets | 340 | 513 | 72 | |||
Long-term investments | 688 | 967 | 135 | |||
Other non-current assets | 477 | 492 | 69 | |||
Total non-current assets | 17,349 | 17,217 | 2,404 | |||
TOTAL ASSETS | 68,212 | 61,831 | 8,632 | |||
ZEEKR INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (Amounts in millions) | ||||||
As of | ||||||
December 31 | June 30 | June 30 | ||||
2024 | 2025 | 2025 | ||||
RMB | RMB | US$ | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||
Current liabilities: | ||||||
Short-term borrowings | 1,353 | 9,129 | 1,274 | |||
Accounts payable | 15,899 | 14,832 | 2,070 | |||
Notes payable and others | 23,391 | 18,056 | 2,520 | |||
Amounts due to related parties | 19,099 | 19,523 | 2,725 | |||
Income tax payable | 98 | 316 | 44 | |||
Accruals and other current liabilities | 15,455 | 13,570 | 1,896 | |||
Total current liabilities | 75,295 | 75,426 | 10,529 | |||
Long-term borrowings | 2,727 | 7,278 | 1,016 | |||
Operating lease liabilities, non-current | 2,137 | 1,946 | 272 | |||
Other non-current liabilities | 2,191 | 2,380 | 333 | |||
Deferred tax liability | 57 | 58 | 8 | |||
Total non-current liabilities | 7,112 | 11,662 | 1,629 | |||
TOTAL LIABILITIES | 82,407 | 87,088 | 12,158 | |||
SHAREHOLDERS' EQUITY | ||||||
Ordinary shares | 3 | 3 | 0 | |||
Paid-in capital in combined companies | 7,669 | 0 | 0 | |||
Additional paid-in capital | 15,763 | 10,542 | 1,472 | |||
Treasury stock | (187) | (193) | (27) | |||
Accumulated deficits | (38,894) | (34,346) | (4,795) | |||
Accumulated other comprehensive income | (142) | (63) | (9) | |||
Total Zeekr Group shareholders' deficit | (15,788) | (24,057) | (3,359) | |||
Non-controlling interest | 1,593 | (1,200) | (167) | |||
TOTAL SHAREHOLDERS' DEFICIT | (14,195) | (25,257) | (3,526) | |||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 68,212 | 61,831 | 8,632 | |||
ZEEKR INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (Amounts in millions, except share/ADS and per share/ADS data and otherwise noted) | ||||||||
Three Months Ended | ||||||||
June 30 | March 31 | June 30 | June 30 | |||||
2024 | 2025 | 2025 | 2025 | |||||
RMB | RMB | RMB | US$ | |||||
Revenues: | ||||||||
Vehicle sales | 22,433 | 19,096 | 22,916 | 3,199 | ||||
Other sales and services | 5,238 | 2,923 | 4,515 | 630 | ||||
Total revenues | 27,671 | 22,019 | 27,431 | 3,829 | ||||
Cost of revenues: | ||||||||
Vehicle sales | (19,847) | (15,948) | (18,953) | (2,646) | ||||
Other sales and services | (2,830) | (1,858) | (2,822) | (394) | ||||
Total cost of revenues | (22,677) | (17,806) | (21,775) | (3,040) | ||||
Gross profit | 4,994 | 4,213 | 5,656 | 789 | ||||
Operating expenses: | ||||||||
Research and development expenses | (3,760) | (2,908) | (2,146) | (300) | ||||
Selling, general and administrative expenses | (3,725) | (2,645) | (3,364) | (469) | ||||
Other operating income, net | 222 | 81 | 139 | 19 | ||||
Total operating expenses | (7,263) | (5,472) | (5,371) | (750) | ||||
(Loss)/income from operations | (2,269) | (1,259) | 285 | 39 | ||||
Interest expense | (139) | (116) | (108) | (15) | ||||
Interest income | 103 | 45 | 37 | 5 | ||||
Other (expense)/income, net | (97) | 593 | (292) | (40) | ||||
Loss before income tax expense and share of losses in equity method investments | (2,402) | (737) | (78) | (11) | ||||
Share of income in equity method investments | 86 | 128 | 151 | 21 | ||||
Income tax expense | (253) | (154) | (360) | (50) | ||||
Net loss | (2,569) | (763) | (287) | (40) | ||||
Less: income/(loss) attributable to non- controlling interest | 307 | (45) | 107 | 15 | ||||
Net loss attributable to shareholders of Zeekr Group | (2,876) | (718) | (394) | (55) | ||||
ZEEKR INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (CONTINUED) (Amounts in millions, except share/ADS and per share/ADS data and otherwise noted) | ||||||||
Three Months Ended | ||||||||
June 30 | March 31 | June 30 | June 30 | |||||
2024 | 2025 | 2025 | 2025 | |||||
RMB | RMB | RMB | US$ | |||||
Net loss per share attributed to ordinary shareholders: | ||||||||
Basic and diluted | (1.25) | (0.28) | (0.15) | (0.02) | ||||
Weighted average shares used in calculating net loss per share: | ||||||||
Basic and diluted | 2,301,866,887 | 2,552,901,668 | 2,561,060,669 | 2,561,060,669 | ||||
Net loss per ADS attributed to ordinary shareholders: | ||||||||
Basic and diluted | (12.49) | (2.81) | (1.54) | (0.21) | ||||
Weighted average ADS used in calculating net loss per ADS: | ||||||||
Basic and diluted | 230,186,689 | 255,290,167 | 256,106,067 | 256,106,067 | ||||
Net loss | (2,569) | (763) | (287) | (40) | ||||
Other comprehensive income/(loss), net of tax of nil: | ||||||||
Foreign currency translation adjustments | 109 | 19 | (22) | (3) | ||||
Comprehensive loss | (2,460) | (744) | (309) | (43) | ||||
Less: comprehensive income/(loss) attributable to non-controlling interest | 218 | (68) | 107 | 15 | ||||
Comprehensive loss attributable to shareholders of Zeekr Group | (2,678) | (676) | (416) | (58) | ||||
ZEEKR INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (Amounts in millions, except share/ADS and per share/ADS data and otherwise noted) | ||||||
Six Months Ended | ||||||
June 30 | June 30 | June 30 | ||||
2024 | 2025 | 2025 | ||||
RMB | RMB | US$ | ||||
Revenues: | ||||||
Vehicle sales | 38,883 | 42,012 | 5,865 | |||
Other sales and services | 10,569 | 7,438 | 1,039 | |||
Total revenues | 49,452 | 49,450 | 6,904 | |||
Cost of revenues: | ||||||
Vehicle sales | (34,144) | (34,901) | (4,872) | |||
Other sales and services | (6,769) | (4,680) | (654) | |||
Total cost of revenues | (40,913) | (39,581) | (5,526) | |||
Gross profit | 8,539 | 9,869 | 1,378 | |||
Operating expenses: | ||||||
Research and development expenses | (6,086) | (5,054) | (705) | |||
Selling, general and administrative expenses | (6,638) | (6,009) | (839) | |||
Other operating income, net | 222 | 220 | 31 | |||
Total operating expenses | (12,502) | (10,843) | (1,513) | |||
Loss from operations | (3,963) | (974) | (135) | |||
Interest expense | (287) | (224) | (31) | |||
Interest income | 181 | 82 | 11 | |||
Other (expense)/income, net | (237) | 301 | 42 | |||
Loss before income tax expense and share of losses in equity method investments | (4,306) | (815) | (113) | |||
Share of income in equity method investments | 177 | 279 | 39 | |||
Income tax expense | (355) | (514) | (72) | |||
Net loss | (4,484) | (1,050) | (146) | |||
Less: income attributable to non-controlling interest | 374 | 62 | 9 | |||
Net loss attributable to shareholders of Zeekr Group | (4,858) | (1,112) | (155) | |||
ZEEKR INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (CONTINUED) (Amounts in millions, except share/ADS and per share/ADS data and otherwise noted) | ||||||
Six Months Ended | ||||||
June 30 | June 30 | June 30 | ||||
2024 | 2025 | 2025 | ||||
RMB | RMB | US$ | ||||
Net loss per share attributed to ordinary shareholders: | ||||||
Basic and diluted | (2.26) | (0.43) | (0.06) | |||
Weighted average shares used in calculating net loss per share: | ||||||
Basic and diluted | 2,150,933,444 | 2,557,003,707 | 2,557,003,707 | |||
Net loss per ADS attributed to ordinary shareholders: | ||||||
Basic and diluted | (22.59) | (4.35) | (0.61) | |||
Weighted average ADS used in calculating net loss per ADS: | ||||||
Basic and diluted | 215,093,344 | 255,700,371 | 255,700,371 | |||
Net loss | (4,484) | (1,050) | (146) | |||
Other comprehensive income, net of tax of nil: | ||||||
Foreign currency translation adjustments | 247 | (3) | 0 | |||
Comprehensive loss | (4,237) | (1,053) | (146) | |||
Less: comprehensive income attributable to non-controlling interest | 374 | 39 | 5 | |||
Comprehensive loss attributable to shareholders of Zeekr Group | (4,611) | (1,092) | (151) | |||
ZEEKR INC. UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (Amounts in millions, except share/ADS and per share/ADS data and otherwise noted) | |||||||||
Three Months Ended | |||||||||
June 30 | March 31 | June 30 | June 30 | ||||||
2024 | 2025 | 2025 | 2025 | ||||||
RMB | RMB | RMB | US$ | ||||||
(Loss)/income from operations | (2,269) | (1,259) | 285 | 39 | |||||
Share-based compensation expenses | 944 | 123 | 30 | 4 | |||||
Non-GAAP (loss)/income from operations | (1,325) | (1,136) | 315 | 43 | |||||
Net loss | (2,569) | (763) | (287) | (40) | |||||
Share-based compensation expenses | 944 | 123 | 30 | 4 | |||||
Non-GAAP net loss | (1,625) | (640) | (257) | (36) | |||||
Net loss attributable to ordinary shareholders | (2,876) | (718) | (394) | (55) | |||||
Share-based compensation expenses | 944 | 123 | 30 | 4 | |||||
Non-GAAP net loss attributable to ordinary shareholders of Zeekr Group | (1,932) | (595) | (364) | (51) | |||||
Weighted average number of ordinary shares used in calculating Non-GAAP net loss per share | |||||||||
Basic and diluted | 2,301,866,887 | 2,552,901,668 | 2,561,060,669 | 2,561,060,669 | |||||
Non-GAAP net loss per ordinary share attributed to ordinary shareholders | |||||||||
Basic and diluted | (0.84) | (0.23) | (0.14) | (0.02) | |||||
Weighted average number of ADS used in calculating Non-GAAP net loss per ADS | |||||||||
Basic and diluted | 230,186,689 | 255,290,167 | 256,106,067 | 256,106,067 | |||||
Non-GAAP net loss per ADS attributed to ordinary shareholders | |||||||||
Basic and diluted | (8.39) | (2.33) | (1.42) | (0.20) | |||||
ZEEKR INC. UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (Amounts in millions, except share and per share data and otherwise noted) | ||||||
Six Months Ended | ||||||
June 30 | June 30 | June 30 | ||||
2024 | 2025 | 2025 | ||||
RMB | RMB | US$ | ||||
Loss from operations | (3,963) | (974) | (135) | |||
Share-based compensation expenses | 947 | 153 | 21 | |||
Non-GAAP loss from operations | (3,016) | (821) | (114) | |||
Net loss | (4,484) | (1,050) | (146) | |||
Share-based compensation expenses | 947 | 153 | 21 | |||
Non-GAAP net loss | (3,537) | (897) | (125) | |||
Net loss attributable to ordinary shareholders | (4,858) | (1,112) | (155) | |||
Share-based compensation expenses | 947 | 153 | 21 | |||
Non-GAAP net loss attributable to ordinary shareholders of Zeekr Group | (3,911) | (959) | (134) | |||
Weighted average number of ordinary shares used in calculating Non-GAAP net loss per share | ||||||
Basic and diluted | 2,150,933,444 | 2,557,003,707 | 2,557,003,707 | |||
Non-GAAP net loss per ordinary share attributed to ordinary shareholders | ||||||
Basic and diluted | (1.82) | (0.38) | (0.05) | |||
Weighted average number of ADS used in calculating Non-GAAP net loss per ADS | ||||||
Basic and diluted | 215,093,344 | 255,700,371 | 255,700,371 | |||
Non-GAAP net loss per ADS attributed to ordinary shareholders | ||||||
Basic and diluted | (18.18) | (3.75) | (0.52) | |||
View original content:https://www.prnewswire.com/news-releases/zeekr-group-reports-second-quarter-2025-unaudited-financial-results-302529640.html
SOURCE ZEEKR Intelligent Technology Holding Limited
FAQ
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