新势力第二家，零跑汽车首次实现半年度净利润转正

Core Insights - The company achieved a net profit of RMB 30 million in the first half of 2025, marking its first positive half-year profit and becoming the second Chinese new car-making force to achieve this milestone [1] - Revenue for the first half of 2025 reached RMB 24.25 billion, a 174% increase compared to RMB 8.85 billion in the same period of 2024, driven by increased vehicle deliveries, strategic partnerships, and carbon credit trading [3] - The gross margin for the first half of 2025 was 14.1%, the highest since the company's inception [4] Delivery Performance - The total vehicle delivery for the first half of 2025 was 221,664 units, a 155.7% increase from the same period in 2024, making the company the top-selling brand among Chinese new car-making forces [6] - In July 2025, the company achieved a new delivery record of 50,129 units, maintaining its position as the top-selling brand for five consecutive months and becoming the only new car-making force to exceed 50,000 monthly deliveries in 2025 [4][6] - As of June 18, 2025, the company reached a cumulative delivery milestone of over 800,000 units [6] Model Performance - The C10 model, launched 13 months ago, surpassed 100,000 global deliveries, with a peak monthly delivery exceeding 14,000 units, and has been the top-selling medium SUV among new car-making forces for three consecutive months as of August 12, 2025 [6] - The C11 model crossed the cumulative sales milestone of 250,000 units in June 2025 [6] - The C16 model has been the top-selling large SUV within the 200,000 range for eight consecutive weeks as of August 13, 2025 [6] - The B10 model achieved over 10,000 deliveries in its second month, showcasing the company's enhanced sales capabilities and brand influence [6] - The B01 model, launched on July 24, 2025, received over 10,000 orders within 72 hours of its launch, indicating strong sales potential [6]