| | | For the Three Months Ended | | % Change6 | | | --- | --- | --- | --- | --- | --- | | | March 31. | December 31. | March 31. | YoY | QoQ | | | 2024 | 2024 | 2025 | | | | | RMB | RMB | RMB | | | | Vehicle sales | 24,251.6 | 42,643.0 | 24,678.6 | 1.8% | (42.1)% | | Vehicle margin | 19.3% | 19.7% | 19.8% | 0.5pts | 0.1pts | | Total revenues | 25.633.7 | 44.273.7 | 25.926.8 | 1.1% | (41.4)% | | Gross profit | 5,284.3 | 8,970.2 | 5,318.2 | 0.6% | (40.7)% | | Gross margin | 20.6% | 20.3% | 20.5% | (0.1)pts | ...

| | | For the Three M | | --- | --- | --- | | | March 31, | Decembe | | | 2024 | 2024 | | | RMB | RMB | | Vehicle sales | 24,251.6 | 42, | | Vehicle margin | 19.3% | 1 | | Total revenues | 25,633.7 | 44.: | | Gross profit | 5,284.3 | 8,1 | | Gross margin | 20.6% | 2 | | Operating expenses | (5,869.2) | (5,2 | | (Loss)/Income from operations | (584.9) | 3,1 | | Operating margin | (2.3)% | | | Net income | 591.1 | 3,: | | Non-GAAP net income | 1,276.4 | 4.1 | | Diluted net earnings per ADS attributable to | | ...