On the evening of June 11, Jikrypton (NYSE: ZK) released its first financial report after listing.
Data shows that in the first quarter of 2024, total revenue of polar krypton was 14.
737 billion yuan, an increase of 71.
0% from the first quarter of 2023 and a decrease of 9.
9% from the fourth quarter of 2023.
Source: Jikrypton.
Among the revenue composition, Jikrypton delivered a total of 33,059 units in the first quarter, a year-on-year increase of 117%.
The corresponding automobile sales were 8.
1714 billion yuan (US$1.
1321 billion), an increase of 73.
0% from the first quarter of 2023.
In addition, the three power companies ‘business, research and development and other services earned revenue of 6.
563 billion yuan, a year-on-year increase of 68%.
In terms of gross profit margin of the whole vehicle, the gross profit margin of Gekrypton in the first quarter of 2024 reached 14%, a year-on-year increase of 3.
9 percentage points, but it dropped slightly from the gross profit margin of 15% in 2023.
Source: Gekrypton, in the first quarter of 2024, Gekrypton’s adjusted operating loss (non-GAAP) was 2.
084 billion yuan (US$288.
7 million), down 10.
0% from the first quarter of 2023 and 28.
5% from the fourth quarter of 2023.
, An Conghui, President of Geely Holding Group, Chairman of Geely Automobile Group, and CEO of Gekrypton Intelligent Technology, once said: He is confident in Gekrypton’s delivery target of 230,000 units for the whole year of 2024.
On the premise of increasing sales and increasing gross profit, Gekrypton strives to achieve the goal of turning losses into profits under Hong Kong Financial Reporting Standards in 2024.
In the first five months of this year, a total of 67,764 units were delivered, a year-on-year increase of 112%.
Among them, 18,616 units were delivered in May, a year-on-year increase of 115%, setting a record high for delivery in a single month.
As of the end of May, the cumulative delivery of Gekrypton exceeded 260,000 units.
In addition to the domestic market, Gekrypton is also accelerating its overseas deployment.
As of the end of May, Gekrypton has entered more than 20 countries and regions including the Netherlands, Sweden, Thailand, United Arab Emirates, and Saudi Arabia.
Gekrypton 001 and Gekrypton X are the first to start delivery in Europe, and the right-hand version of Gekrypton X will start delivery in the third quarter.
It is expected that by the end of this year, Gekrypton will enter the luxury markets of eight European countries, as well as more than 50 countries and regions around the world such as Southeast Asia, the Middle East, Latin America, and Oceania.
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