Sure thing, let me dive into it. So, something called ZEEKR Intelligent Technology Holding—you might have heard of it, or maybe not—just dropped their first-quarter numbers, and, honestly, it’s a bit of a mixed bag. Picture this: they pulled in 22.02 billion Chinese yuan. Sounds hefty, right? But when you flip that to dollars, we’re talking $3.03 billion, which, surprise, missed what the analysts were betting on—$3.90 billion. Oops.
Now, let’s dive into the ride numbers because that’s really where it gets interesting. Zeekr cranked out 41,403 cars, which is a 25.2% bump. Kudos to them! Lynk & Co, their sibling brand, did even better, rolling out 72,608 cars, up 18.9%. Over half of those were NEVs, which I guess is their thing now.
But here’s the kicker—despite all those cars on the road, they logged an adjusted net loss per ADS of 2.33 yuan. For the dollar peeps, that’s 32 cents. Makes you wonder what’s going on there.
Oh, and vehicle sales? 19.1 billion yuan, about $2.63 billion if you’re keeping track, which grew 16.1% year-over-year. That’s decent until you realize they had to tweak their average selling price down a bit to get those numbers. Business, huh?
Now, a tiny bit of good stuff: vehicle margins crept up to 16.5% from 13.1% thanks to some thrifty saving moves. But other sales and services tanked—down 45.2%—ouch! Something about battery packs and electric drives not catching fire. Figuratively speaking.
Gross margin’s up a smidge to 19.1% from last year’s 16.3%, and they managed to cut their net loss by 66.5%. Adjustment magic, perhaps?
As of March 31, 2025—yes, the future folks—cash on hand was 9.9 billion yuan, or $1.36 billion, if that paints a clearer picture.
Jing Yuan, the CFO over there, is all hyped about “platform synergies” and “supply chain management” boosting their vehicle margin to 16.5%, and the Zeekr brand itself to 21.2%. Impressive, though the finance talk makes my head spin.
Stock’s not faring so hot, though, down 1.04% to $28.48. Let’s see where this rollercoaster rides next.
Oh, almost left this hanging—an image by someone named aapsky via Shutterstock made it into their blurb somehow. And if trading’s your scene, Benzinga Edge has some bells and whistles to check out. Not my thing, but hey, your call.
That’s the scoop, messy and all, out of Benzinga. Catch you later!
