零跑汽车(09863) - 2023 Q1 - 季度业绩

Financial Performance - Total revenue for Q1 2023 reached RMB 1,442.5 million, a decrease of 28% compared to RMB 1,991.8 million in Q1 2022 and a 52% decrease from RMB 3,015.3 million in Q4 2022[5] - Total vehicle deliveries in Q1 2023 were 10,509 units, a decline of 51.3% from 21,579 units in the same period of 2022[2] - The gross margin for Q1 2023 was (7.8)%, an improvement from (26.6)% in Q1 2022, but a slight decrease from (6.9)% in Q4 2022[3] - The net loss attributable to equity holders for Q1 2023 was RMB 1,133.0 million, compared to RMB 1,042.2 million in Q1 2022 and RMB 1,325.0 million in Q4 2022[3] - The operating loss for Q1 2023 was RMB 1,159.6 million, compared to RMB 1,072.0 million in Q1 2022 and RMB 1,371.9 million in Q4 2022[8] - The loss attributable to equity holders for Q1 2023 was RMB 1,133.0 million, up from RMB 1,042.2 million in Q1 2022 and RMB 1,325.0 million in Q4 2022[8] - Free cash flow for Q1 2023 was RMB (2,951.4) million, compared to RMB (823.4) million in Q1 2022 and RMB (1,977.0) million in Q4 2022[8] Expenses - R&D expenses for Q1 2023 were RMB 412.4 million, a 70% increase from RMB 242.5 million in Q1 2022[7] - Sales expenses for Q1 2023 were RMB 393.2 million, a 142% increase from RMB 162.4 million in Q1 2022[7] - Cash used in operating activities for Q1 2023 was RMB 2,610.7 million, significantly higher than RMB 385.2 million in Q1 2022[3] - Net cash used in operating activities for Q1 2023 was RMB 2,610.7 million, significantly higher than RMB 385.2 million in Q1 2022 and RMB 1,649.6 million in Q4 2022[8] Product Development - The C11 extended-range SUV was launched in March 2023, priced between RMB 149,800 and RMB 185,800, featuring advanced driver assistance capabilities[5] - The company has launched the extended-range SUV C11, which features an ultra-long pure electric range, and plans to introduce more electric and extended-range models in the coming years[12] - The company aims to optimize the order structure for C-platform models, which now account for over 80% of total orders[5] Corporate Structure and Governance - The company has formed a joint venture with Faurecia (China) Investment Co., Ltd., with the company holding a 49% stake[10] - The board of directors includes executive directors and independent non-executive directors, indicating a diverse governance structure[13] Employee Diversity - The gender diversity ratio among employees is 81.5% male and 18.5% female as of December 31, 2022[9] Cautionary Statements - The company emphasizes that all forward-looking statements are based on current and future business strategies and assumptions about the business environment[13] - The company warns shareholders and potential investors to act cautiously when trading its shares, highlighting the importance of informed decision-making[13] Sales Network Expansion - The company expanded its sales network to 592 stores covering 180 cities as of March 31, 2023[2]