零跑汽车(09863) - 2024 Q1 - 季度业绩

Financial Performance - Total revenue for Q1 2024 reached RMB 3,486.2 million, an increase of 141.7% compared to RMB 1,442.5 million in Q1 2023[3] - The gross margin for Q1 2024 was (1.4%), an improvement from (7.8%) in Q1 2023[4] - Operating loss for Q1 2024 was RMB 1,126.4 million, compared to RMB 1,159.6 million in Q1 2023[5] - R&D expenses for Q1 2024 were RMB 520.0 million, a 26.1% increase from RMB 412.4 million in Q1 2023[5] - Cash and cash equivalents as of March 31, 2024, totaled RMB 17,583.8 million[6] Vehicle Deliveries - Total vehicle deliveries in Q1 2024 were 33,410 units, a 217.9% increase from 10,509 units in the same period of 2023[1] - The delivery volume for the T03 model in Q1 2024 was 9,433 units, up 140.3% from 3,925 units in Q1 2023[2] - The C11 model delivered 12,122 units in Q1 2024, a 129.1% increase from 5,292 units in Q1 2023[2] Product Launches and Developments - The company launched the C10 model on March 2, 2024, which will serve as its first global SUV flagship model[9] - Leapmotor's C16, a large six-seat SUV, is set to launch in June 2024, featuring a new design that combines MPV space and SUV style[10] - The company has initiated a dual-power strategy with the production of four pure electric models and three extended-range models, including the new C16[12] - Leapmotor's electric vehicle offerings include the T03, C11, C01, and the upcoming C10, with a focus on user-centric design and performance[12] International Expansion - Leapmotor International, a joint venture with Stellantis, has been established with Stellantis holding 51% and Leapmotor 49%[11] - The headquarters of Leapmotor International is located in Amsterdam, and it plans to launch T03 and C10 electric models in Europe starting in Q4 2024[11] - Leapmotor International aims to expand its sales network to 200 outlets by the end of this year and to 500 by 2026 across nine European countries[11] - The company is preparing to enter markets in India, Asia-Pacific, the Middle East, Africa, and South America by the end of 2024[11] Strategic Plans - The company plans to raise up to RMB 600 million through share subscriptions to fund R&D, marketing, and production capacity improvements[8] - Leapmotor is focused on maximizing user value and providing exceptional experiences through continuous technological innovation[12] Cautionary Statements - The announcement includes forward-looking statements regarding future financial conditions and market strategies, highlighting potential risks and uncertainties[13] - Leapmotor emphasizes the importance of caution for shareholders and potential investors when trading its shares[13]