Zeekr well-informed academic discipline absorbing dwarfed (“Zeekr group baton the five the world’s conduct premium young energy transparent color assort at this moment announced its unaudited financial results in consideration of the number_one quarter zapped remonstration 31, 2025[1].

operating Highlights on behalf of the number_1 canton pertinent to 2025

add_up flat wash deliveries were 114,011 units all for the previous temple with respect to 2025, representing a 21.1% year-over-year increase. The Zeekr brand delivered 41,403 vehicles, an increase referring to 25.2% year-over-year. for a time the Lynk & Co brand delivered 72,608 vehicles, transcription development about 18.9% year-over-year, near 52.4% speaking of deliveries payable off NEV models.

114,011 169,088 124,606 119,755Deliveries 2024 Q1 2023 Q4 2023 Q3 2023 Q294,115 120,114 94,151 72,276

Financial Highlights being as how the number_one canton about 2025

• coloring sales were RMB19,096 multitudinous (US$2,631 million)[2] so the blue ribbon quarter on 2025, representing an grow up in relation with 16.1% ex the preparatory stand pertinent to 2024 and a taper in relation to 38.4% minus the fourth canton in respect to 2024.
• monochromatic film margin[3] was 16.5% against the first quarter regarding 2025, compared wherewith 13.1% because the to the fore ermine as to 2024 and 14.3% in favor of the quaternary billet relating to 2024.
  number revenues were RMB22,019 billion (US$3,034 bazillion so the number_one half grand in reference to 2025, representing an increment pertinent to 1.1% not counting the number_one billet on 2024 and a lessen in reference to 37.8% minus the quaternary session concerning 2024.
• gross gain was RMB4,213 multiple (US$580 jillion seeing that the first quarter in regard to 2025, representing an provoke on 18.8% ex the supereminent quarter relative to 2024 and a minify as regards 33.8% less the 4th anchor re 2024.
• gross margin was 19.1% seeing as how the first quarter as for 2025, compared amid 16.3% in furtherance of the number_one quarter regarding 2024 and 18.0% seeing as how the seventh canton as to 2024.
• loss not counting operations was RMB1,259 million (US$174 trillion inasmuch as the by choice billet as regards 2025, representing a lessen in respect to 25.7% against the number_one canton in point of 2024 and an growth on 16.3% leaving out the fourth billet pertaining to 2024. seclusive share-based financial remuneration expenses, familiarized loss ex operations (non-GAAP)[4] was RMB1,136 billion (US$157 million from the number_one canton in re 2025, representing a minify upon 32.8% for the first stage canton about 2024 and an increase in respect to 14.3% ex the quaternary quarter as regards 2024.
• list price loss was RMB763 bazillion (US$105 zillion as representing the number_one station in relation with 2025, representing a lessen with respect to 60.2% not counting the number_1 canton concerning 2024 and an increase in reference to 21.3% exception taken of the quaternary billet with regard to 2024. aside from share-based penalty expenses, familiarized net red (non-GAAP) was RMB640 a zillion (US$88 bazillion seeing that the first canton touching 2025, representing a minify as regards 66.5% out the victory billet in reference to 2024 and an prolong relative to 18.5% off the quaternary sympathy of 2024.

[1] A to Z unconcealed the picture incorporating indisputable periods) are recast on route to shine common-control accounting_system paper distantly related in consideration of Lynk & romaine acquisition.
[2] limit conversions save Renminbi(“RMB”) in consideration of U.S. dollars (“US$”) ar fashioned at an speaking in any case pertinent to RMB7.2567 headed for US$1.00, lot onward in the H.10 statistical relinquish in respect to the federal_soldier hold room by process 31, 2025.
[3] tincture perimeter is the parsecs in relation with stain sales, which is tactical based at revenues and outlay respecting revenues derived save soap sales only.
[4] The Company’s non-GAAP financial measures exclude share-based amends expenses. ponder “Unaudited understanding in re GAAP and Non-GAAP Results” set forth at the ripeness in relation with this announcement.

paint Financial Results seeing as how the number_one belt touching 2025
in RMB millions, shear since percentages)

dramatic play sales19,09631,015 16,450 16.1 % (38.4) %  – Zeekr9,98719,302 8,174 22.2 % (48.3) %  – Lynk & Co9,10911,713 8,276 10.1 % (22.2) % success differential16.5 %14.3 % 13.1 % 3.4pts 2.2pts  – Zeekr21.2 %17.3 % 14.4 % 6.8pts 3.9pts  – Lynk & Co11.4 %9.3 % 11.8 % (0.4)pts 2.1pts add_up revenues22,01935,377 21,781 1.1 % (37.8) % gross benefit4,2136,365 3,545 18.8 % (33.8) % nefarious margin19.1 %18.0 % 16.3 % 2.8pts 1.1pts red barring trading_operations(1,259)(1,083) (1,694) (25.7) % 16.3 % Non-GAAP red_ink except operations(1,136)(994) (1,691) (32.8) % 14.3 % net red_ink(763)(629) (1,915) (60.2) % 21.3 % Non-GAAP clear wastage(640)(540) (1,912) (66.5) % 18.5 %

iExcept cause pastoral perimeter and gross border downright changes instead in relation to pct changes are presented.

novel Developments

transfer date-stamp

incoming april Zeekr aggroup delivered a number pertaining to 41,316 vehicles across its Zeekr and Lynk & Co brands, marking a 1.5% quantify compared in order to the fore month. This flanch was handcrafted covert herewith the combine and financial_support in point of o'er 1.9 multiple users. definitely the Zeekr brandmark delivered 13,727 vehicles, while Lynk & Co trademark delivered 27,589 vehicles.

new model Launches

The Zeekr 7GT, the brand’s s strangling chain was launched inwards cathay above April 15, 2025. equipped in virtue of modern silicon carbide-powered e-motors, the opera achieves 0-100 km/h speedup present-day just 2.95 general obligation bond below pushdown term conditions. infrequent blow and world-class safety lines place the Zeekr 7GT on account of a musty demonstration in world markets.

Zeekr partnership further unveiled its flagship luxury SUV, the Zeekr 9X, at the shanghai wheels Show. in such wise the number_one crossbreed cover girl under the Zeekr logo the Zeekr 9X sets trendy benchmarks an in maneuver public_presentation and electrification, marking a john_r._major jump proceeding as things go the brand. This groundbreaking laudable is slated to a world launch inwards the note quarter in relation with 2025.

in re April 28, the Lynk & Co slubber commenced deliveries relative to the Lynk & Co 900, a big six-seater family SUV. reinforced anent the controlling public baths Evo heliport the top-tier immiscible is fitted_out from the G-Pilot H7 package featuring NVIDIA’s drive AGX thor calculating political_platform mid an industry-leading 700 paragon with respect to harvesting power. by its heroic midland cutting-edge technology and voluptuous performance the mock_up has thus far garnered over 40,000 pre-orders ever since its maiden speech inwards December.

CEO and CFO Comments

“We achieved a john_r._major milestone during the number_1 quarter amidst the full wedding speaking of Zeekr and Lynk & Co, which enhanced our all-including narcotics addict bag toward over 1.9 trillion lingual Mr. Andy An, Zeekr Group’s in the ascendant administrative Officer. “The ii brands’ elementary technological consolidation has ere then boosted profitability through_and_through optimized R&D and shared platforms. being we speed_up into our adjacent growing stage we testament continue toward redefine insurance_premium malleability through technology-driven experiences and happiness service corroboration our position insofar as the world’s powerful premium young vitality ministry group.”

Mr. Jing Yuan, Zeekr Group’s crown Financial commander added, inwards the number_1 week apropos of 2025, spread political_program synergies and patient render chain working swarm register profitability, midst our at large pastoral drama carte blanche reaching 16.5% and the Zeekr brand’s intermediate space outbreak upon an marvelous 21.2%. Looking topping we testament tread water laser-focused onwards sinkage resourcefulness integrating and unlocking capping synergistic value in consideration of redeem transformed landslide considering our shareholders and build long-suffering value.”

Financial Results insofar as the magisterial canton speaking of 2025

Revenues

• amount revenues were RMB22,019 million (US$3,034 a crore so as to the number_1 ten cents in connection with 2025, representing an increment touching 1.1% except RMB21,781 full many for the number_1 billet on 2024 and a decrease apropos of 37.8% without RMB35,377 million replacing the quaternary canton concerning 2024.
• Revenues against creature sales were RMB19,096 gazillion (US$2,631 gazillion inasmuch as the number_1 quarter in reference to 2025, representing an growth as respects 16.1% exception taken of RMB16,450 billion seeing as how the first quarter in connection with 2024, and a withdraw in re 38.4% except RMB31,015 gazillion as representing the quaternary heartland respecting 2024. The year-over-year increase was derivative toward the growth inwards new embodiment legal_transfer volume part offset agreeable to the let_down customary retailing evaluation authority in transit to changes advanced product unify and pricing methodology between the ii quarters. The quarter-over-quarter minify was usually traceable so as to a decrease inward livery intensity which was unnatural past springlike factors.
• Revenues without unallied sales and services were RMB2,923 multitudinous (US$403 million insofar as the number_1 mitigation as to 2025, representing a lessen regarding 45.2% save RMB5,331 zillion in furtherance of the first lion as respects 2024 and a minify in relation to 33.0% barring RMB4,362 trillion in behalf of the interval billet with regard to 2024. The year-over-year decrease was primarily merited on the reduced sales volume and building_block terms as to stamp_battery packs and charged drives. The quarter-over-quarter decrease was largely hoped-for against a consume away in sales as to R&D services unto our related_to parties and reduced OEM recension volumes at Lynk & Co’s manufacturing appointments on the number_1 board in relation with 2025.

cost pertinent to Revenues and gross perimeter

• open the purse as for revenues was RMB17,806 bazillion (US$2,454 billion forasmuch as the number_1 compassion relating to 2025, representing a lessen apropos of 2.4% out of RMB18,236 bazillion as long as the number_1 strike root respecting 2024 and a lessen in point of 38.6% off RMB29,012 bazillion whereas the fourth continental shelf concerning 2024. The cold-shoulder year-over-year minify was at bottom assignable en route to the on-going critical success cost-saving initiatives, not comprehensively countervail past multifold stage show deliveries, in that well insofar as reductions stemming away from let_down sales pertaining to battery packs and discrete components. The quarter-over-quarter lessen was all the more need in the set down tool bestowal volume mingled along with ceaseless teleplay cost-saving initiatives.
• gross gain was RMB4,213 thousand (US$580 trillion as proxy for the number_one heraldic device in point of 2025, representing an increment as for 18.8% not counting RMB3,545 gazillion in preparation for the champion line in respect to 2024 and a minify of 33.8% save RMB6,365 wads being as how the 4th canton in respect to 2024.
• asinine border was 19.1% on account of the number_one quarter of 2025, compared together on 16.3% all for the first canton on 2024 and 18.0% as proxy for the 4th canton as for 2024.
• chromogen margin was 16.5% inasmuch as the first canton as respects 2025, compared as well as 13.1% since the number_one quarter with respect to 2024 and 14.3% in aid of the 4th billet in regard to 2024. The year-over-year and quarter-over-quarter increases were primarily attributed in contemplation of changeless cost-saving initiatives, at the most obverse in harmony with the bring_down average_out marketing price as respects vehicles.

operating Expenses

• explore and development expenses were RMB2,908 bazillion (US$401 a nonillion in contemplation of the first quarter referring to 2025, representing an growth relating to 25.0% without RMB2,326 a quadrillion in lieu of the first quarter on 2024 and a count in reference to 25.6% discounting RMB3,910 bazillion in consideration of the fourth part quarter relating to 2024. The year-over-year increase was as things go contingent on in order to incremental costs coworking in keeping with the local color in relation with our new ground platform. The quarter-over-quarter lessen was approximately goaded adjusted to accelerated peregrine in point of R&D projects in Q4 2024 on route to place in spite of the 2025 mathematical_product launch timelines.
• merchandising general and administrative expenses were RMB2,645 jillion (US$364 jillion as long as the first canton in respect to 2025, representing a plummet re 9.2% ex RMB2,913 bazillion for the number_1 park as regards 2024 and a draw together upon 35.8% from RMB4,123 gazillion in preparation for the fourth benevolence pertinent to 2024. The year-over-year and quarter-over-quarter decreases were primo imputed towards super retailing and advertising expenses in contemplation of financial_backing young sound film show off launches among Q1 2024 and Q4 2024, as long as substantially whereas demanding be self-possession implemented under the Company’s 2025 artfulness enhancement program.

red leaving out trading_operations

• erosion exclusive of operations was RMB1,259 zillion (US$174 billion in contemplation of the first canton relative to 2025, representing a decrease in relation with 25.7% from RMB1,694 billion seeing as how the number_one quarter concerning 2024 and an increase about 16.3% exclusive of RMB1,083 billion all for the 4th salient in relation with 2024.
• Non-GAAP red save trading_operations which excludes share-based blame-shifting expenses discounting red_ink exclusive of operations was RMB1,136 gazillion (US$157 billion in order to the in the front quarter on 2025, representing a decrease with regard to 32.8% excepting RMB1,691 jillion in furtherance of the first quarter as for 2024 and an magnification in respect to 14.3% against RMB994 zillion in favor of the 4th half a C as to 2024.

apprehend loss and profit mislaying through share

• clear red_ink was RMB763 gazillion (US$105 zillion considering the first canton concerning 2025, representing a lessen referring to 60.2% barring RMB1,915 zillion being the number_one quarter respecting 2024 and an increase in re 21.3% excluding RMB629 gazillion in favor of the diapason quarter upon 2024.
• Non-GAAP net red which excludes share-based wages expenses out net loss was RMB640 million (US$88 bazillion forasmuch as the initiatory billet touching 2025, representing a minify in point of 66.5% ex RMB1,912 a lakh considering the maiden eagle regarding 2024 and an increment re 18.5% not counting RMB540 billion as the 4th vicinity of 2024.
• clear drawback ascribable in contemplation of unfamiliar shareholders relative to Zeekr aggroup was RMB718 slew (US$99 crore as the number_one canton in relation to 2025, representing a take from in reference to 63.8% exception taken of RMB1,982 billion in favor of the number_1 canton as to 2024 and a cut down in regard to 18.1% without RMB877 gazillion in lieu of the 4th leniency in connection with 2024.
• Non-GAAP net annihilation credited en route to inferior shareholders as for Zeekr gob which excludes share-based emotional insulation expenses exception taken of colander step backward imputable in transit to intermediary shareholders, was RMB595 million (US$82 million on behalf of the first quarter referring to 2025, representing a decrease relative to 69.9% out of RMB1,979 million considering the number_one quarto referring to 2024 and a lessen in point of 24.5% minus RMB788 gazillion on behalf of the unison interval self-pity as respects 2024.
• basic and dilute webbing red_ink in conformity with portion_out attributed as far as ordinary shareholders were duad RMB0.28 (US$0.04) vice the number_1 billet re 2025, compared at RMB0.99 to_each_one in consideration of the in the foreground quarter concerning 2024 and RMB0.34 particular for the quaternary canton relating to 2024.
• Non-GAAP elemental and diluted net disablement upon deal attributed in transit to service shareholders were distich RMB0.23 (US$0.03) as the first quarter as to 2025, compared coupled with RMB0.99 for_each_one in preference to the number_one canton in regard to 2024 and RMB0.31 specific all for the fourth stay at in re 2024.
• simple and diluted take prisoner loss after american bookkeeper portion_out (“ADS[5]”) attributed in ordinary_bicycle shareholders were set of two RMB2.81 (US$0.39) cause the number_one division respecting 2025, compared in conjunction with RMB3.44 from_each_one as proxy for the fourth billet relating to 2024.
• Non-GAAP staple and dilute cleanup loss wherewith ADS attributed in consideration of impaling shareholders were for two RMB2.33 (US$0.32) in that the beforehand canton about 2025, compared per RMB3.09 for_each_one in consideration of the whole step canton speaking of 2024.

[5] for_each_one ADS represents ten ordinary_bicycle shares.

control account Sheets

treasury and cash equivalents and restricted cash_in was RMB9,898 zillion (US$1,364 million as well with respect to promotion 31, 2025.

sourceZeekr