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<US>Zeekr Trims 2Q Non-GAAP Loss to RMB364M; Geely Expects Most Shareholders to Opt for Shr Swap
Recommend 22 Positive 40 Negative 19 |
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In 2Q25, Zeekr (ZK.US) under the umbrella of GEELY AUTO (00175.HK) delivered 130,900 vehicles, up 9.3% YoY or 14.8% QoQ. Specifically, the Zeekr brand delivered 49,300 vehicles, while the Lynk & Co brand delivered 81,500 vehicles. The quarterly vehicle profit margin reached 17.3%, up 0.8 ppts QoQ or 5.8 ppts YoY. The company's total quarterly revenue amounted to RMB27.431 billion, down 0.9% YoY but up 24.6% QoQ, while its GPM expanded by 2.6 ppts YoY or 1.5 ppts QoQ to 20.6%. On a non-GAAP basis, the adjusted quarterly loss narrowed to RMB364 million, compared to an adjusted loss of RMB1.932 billion in the previous fiscal year. The loss per ADS stood at RMB1.42, compared to a loss of RMB8.39 per ADS in the same period last fiscal year. Geely Auto CEO Gui Shengyue said yesterday (14th) that each Zeekr ADS will be acquired for USD26.87 under the merger agreement signed between Geely and Zeekr. Based on preliminary calculations, a full cash acquisition would require around USD2.4 billion. However, it is currently understood that most investors will opt for a share swap, so the cash outlay will likely not exceed 30%. AAStocks Financial News |
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