Geely Auto (00175.HK) announced that its subsidiary ZEEKR (ZK.US) reported first-quarter results, with total revenue of RMB 22.019 billion, an annual increase of 1.1%, but a quarterly decrease of 37.8%. Among them, automotive sales revenue was RMB 19.096 billion, an annual increase of 16.1%, but affected by seasonal factors, it decreased by 38.4% quarter-on-quarter. The net loss narrowed from RMB 1.915 billion in the same period last year to RMB 763 million.
During the quarter, total vehicle deliveries reached 114,011 units, an increase of 21.1%; ZEEKR brand delivered 41,403 vehicles, an increase of 25.2%

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Geely Auto announced its subsidiary ZEEKR's first-quarter performance, with total revenue of 22.019 billion RMB, a year-on-year increase of 1.1%, but a quarter-on-quarter decrease of 37.8%. Automotive sales revenue was 19.096 billion RMB, a year-on-year increase of 16.1%, but a quarter-on-quarter decrease of 38.4%. The net loss narrowed from 1.915 billion RMB in the same period last year to 763 million RMB. The total vehicle delivery volume during the quarter was 114,011 units, a year-on-year increase of 21.1%; ZEEKR brand delivered 41,403 units, a year-on-year increase of 25.2%

Geely's subsidiary ZEEKR narrowed its net loss in the first quarter to 763 million RMB