2024-06-28 08:30Sales Performance - In Q1 2024, Geely Automobile Holdings achieved a sales volume of 475,700 units, representing a 49% increase year-over-year[2] - The company reported a significant increase in vehicle sales, achieving a total of 1.5 million units sold in the last fiscal year, representing a 12% year-over-year growth[9] - ZEEKR Intelligent Technology, a subsidiary, reported total deliveries of approximately 33,000 units, a 117% increase year-over-year[7] Revenue Growth - Revenue for Q1 2024 reached RMB 52.315 billion, a 56% increase compared to RMB 33.506 billion in Q1 2023[2] - ZEEKR's revenue for Q1 2024 was RMB 14.717 billion, up 71% from RMB 8.620 billion in Q1 2023[7] - The revenue for the last quarter reached $5.2 billion, marking a 15% increase compared to the previous quarter[9] - Future guidance suggests a revenue target of $6 billion for the next quarter, reflecting a 10% growth outlook[9] Profitability - Profit attributable to equity holders of the company surged 119% to RMB 1.561 billion from RMB 714 million in the same period last year[2] - Gross profit increased to RMB 7.147 billion, up 51% from RMB 4.747 billion year-over-year[3] - ZEEKR's gross profit reached RMB 1.8 billion, a 137% increase compared to the previous year, with a gross margin of 12.3%[7] - The company aims to achieve a net profit margin of 8% by the end of the next fiscal year, up from 6%[9] Asset and Equity Position - Total assets as of March 31, 2024, were RMB 189.229 billion, a slight decrease of 2% from RMB 192.598 billion at the end of 2023[2] - Equity attributable to equity holders of the company rose to RMB 82.710 billion, reflecting a 3% increase from RMB 80.509 billion[2] Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[9] - New electric vehicle models are set to launch in Q3 2024, with an expected contribution of $1 billion in revenue within the first year[9] - A strategic partnership with a tech firm was announced to enhance digital services, projected to increase customer engagement by 25%[9] - The company is exploring potential acquisitions in the electric vehicle sector to bolster its product offerings and market position[9] Research and Development - Research and development expenses increased by 10% to $300 million, focusing on advanced battery technology and autonomous driving features[9] Customer Satisfaction - User data indicates a 30% increase in customer satisfaction ratings, attributed to improved service and product quality[9] Product Optimization - The company continues to optimize its product structure, contributing to the significant growth in both sales and profitability[3]