极氪汽车第四季度及全年业绩报告

HANGZHOU, China, March 20, 2025--ZEEKR Intelligent Technology Holding Limited ("ZeekrGroup" or the "Company") (NYSE: ZK), the world's leadingpremium new energy vehicle group, todayannounced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. OperatingHighlights for theFourthQuarterand Full Yearof2024 Total vehicle deliveries were79,250unitsforthefourthquarter of 2024, representing a99.8%year-over-year increase.Total vehicle deliveries were222,123unitsin2024,representing an87.2%year-over-yearincrease. Financial Highlights for theFourthQuarter of 2024 Vehicle saleswere RMB19,301.6million (US$2,644.3million)1 forthefourth quarterof 2024,representing anincreaseof82.2%from thefourth quarterof 2023and anincrease of34.0%fromthethird quarterof 2024. Vehicle margin2was17.3%forthefourthquarterof 2024, compared with15.3%forthefourthquarterof 2023and15.7%forthethird quarterof 2024. Total revenueswere RMB22,777.8million (US$3,120.6million)forthefourth quarterof 2024,representing an increase of39.2% from thefourth quarterof 2023andanincrease of24.1% fromthethird quarterof 2024. Gross profitwas RMB4,316.5 million (US$591.4 million)for the fourth quarter of 2024,representing anincreaseof85.4% from thefourth quarterof 2023and anincrease of46.7%fromthethird quarterof 2024. Gross marginwas19.0%forthefourth quarterof 2024, compared with14.2%forthefourthquarterof 2023and16.0%forthethird quarterof 2024. Loss fromoperationswas RMB1,436.1million (US$196.7million)forthefourth quarterof 2024,representing adecreaseof51.3% from thefourth quarterof 2023and anincrease of18.1% fromthethird quarterof 2024.Excluding share-based compensation expenses, adjusted loss from operations (non-GAAP)3was RMB1,352.8million (US$185.3million)forthefourth quarterof2024, representing adecrease of53.6% from thefourth quarterof 2023and anincrease of15.6%fromthethird quarterof 2024. Net losswas RMB820.6million (US$112.4million)forthefourth quarterof 2024, representing adecreaseof72.1% from thefourth quarterof 2023and a decrease of28.0% fromthethird quarterof 2024. Excluding share-based compensation expenses, adjusted net loss (non-GAAP) wasRMB737.2million (US$101.0million)forthefourth quarterof 2024, representing adecreaseof74.6% from thefourth quarterof 2023and adecrease of32.5% fromthethird quarterof 2024. Key Financial Resultsfor theFourthQuarter of 2024 (in RMBmillions, except for percentages) Financial Highlights for theFull Yearof 2024 Vehicle saleswere RMB55,315.3 million (US$7,578.2 million)for the full year of 2024,representing anincreaseof63.1%from theprior year.Vehicle marginwas15.6%forthefull year of 2024, compared with15.0%fortheprior year.Total revenueswere RMB75,912.7million (US$10,400.0million)forthefull year of 2024,representing an increase of46.9% from theprior year.Gross profitwas RMB12,447.5million (US$1,705.3million) forthefull yearof 2024, representingan increase of81.7% from theprior year.Gross marginwas16.4%forthefull year of 2024, compared with13.3%fortheprior year.Loss from operationswas RMB6,460.4million (US$885.1million)forthefull year of 2024,representing adecrease of 21.0% from the prior year.Excluding share-based compensationexpenses, adjusted loss from operations (non-GAAP)was RMB5,383.8million (US$737.6million)forthefullyear of 2024, representing adecrease of33.1% from theprior year.Net losswas RMB5,790.6million (US$793.3million) for thefull yearof 2024, representing adecrease of29.9% fromtheprior year. Excluding share-based compensation expenses,adjusted netloss (non-GAAP) was RMB4,714.1 million (US$645.8 million) for the full year of 2024,representing a decrease of42.0% from theprior year. Key Financial Resultsfor theFull Yearof 2024 (in RMBmillions, except for percentages) Recent Developments Delivery Update In January 2025, the Zeekr brand delivered 11,942 vehicles. Following the completion of the Lynk &Co acquisition, Zeekr Group achieved total deliveries of 31,277 vehicles in February 2025. Thisincluded 14,039 Zeekr brand vehicles and 17,238 Lynk & Co brand vehicles. Key Events In January 2025,theCompanymade a significantappearanceat CES 2025 in Las Vegas, unveiling aseries of strategic initiativesandtechnological advancementsin intelligent mobility. The eventhighlightedthe Company’scutting-edge innovations in smart cockpit technology, autonomous driving,global charging infrastructure, and next-generation mobility solutions, reinforcing the Company’scommitment toredefiningthe future of sustainable and intelligent transportation. On February 14, 2025, Zeekr Group announced the closing oftheStrategic Integration Transactionswith Geely entities thatwerepreviously announced on November 14, 2024. Following the completionof such transactions, Lynk & Co has become the Company’s indirect non-wholly-owned subsidiary. Product Roadmap TheZeekr brand introduced the Zeekr007GT in January 2025, an enhanced shooting-brake modelderived from theZeekr Ups