Shulou(Shulou.com)11/24 Report--

CTOnews.com, Oct. 16, according to the Hong Kong Stock Exchange, zero-running cars announced their results for the third quarter of 2023 this afternoon.

The main data summarized by CTOnews.com are as follows:

The total delivery volume of Q3 vehicles was 44325, an increase of 24.5% compared with 35608 in the same period last year.

The total income for the quarter was 5.6555 billion yuan, an increase of 31.9% over the same period last year, and a quarter-on-quarter increase of 29.4%.

The gross profit margin became 1.2% for the first time, achieving the target of gross profit ahead of schedule, and the delivery and revenue of mass entrepreneurship and innovation reached a new quarterly high.

In terms of operating loss, the operating loss in the quarter was 1.0254 billion yuan, compared with 1.3614 billion yuan in the same period last year and 1.174 billion yuan in the previous quarter.

Zhu Jiangming, founder, chairman and CEO of Zero Motor, said in the financial report that the gross profit margin for the quarter reached 1.2%, which means the company is one step closer to its profit target. Based on its current orders, Zero is expected to hit a record high in the fourth quarter.

According to the first-half report released by Zero Motor, its revenue in the first half was 5.813 billion yuan, up 14% from a year earlier, with a gross profit margin of 5.9%.

In addition, zero running car's new SUV model C10 has also been declared in the Ministry of Industry and Information Technology today. The car adopts the latest design language of the family, and it is worth looking forward to in intelligent driving, intelligent cockpit and so on.

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