Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 182

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 182
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41.6% from RMB44,822.1 million to RMB63,465.2 million (US$8,694.7 million), respectively. This was primarily due to:

(i)   We had an increase in the cost of revenues associated with vehicle sales in Zeekr Segment from RMB28,831.6 million in 2023 to RMB46,665.1 million (US$6,393.1 million) in 2024, which is in line with more vehicles delivered in 2024 partially offset by the declining average costs in auto parts and other materials.
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(ii)   We had an increase in the cost of revenues associated with sales of batteries and other components in Viridi Segment from RMB13,808.1 million in 2023 to RMB14,481.1 million (US$1,983.9 million) in 2024, as Ningbo Viridi delivered more battery packs as well as electric drives.
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(iii)   During the same periods, the cost of revenues associated with our research and development service and other services mainly from Zeekr Segment and ZTE Segment increased from RMB2,182.4 million to RMB2,319.1 million (US$317.7 million), which was consistent with the growth trend of vehicle spare parts.
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99

Gross profit, gross profit margin
Our gross profit increased by 81.7% from RMB6,850.5 million in 2023 to RMB12,447.5 million (US$1,705.3 million) in 2024, which was primarily due to (i) an increase in gross profit from vehicle sales from RMB5,080.2 million in 2023 to RMB8,650.3 million (US$1,185.1 million) in 2024; (ii) an increase in gross profit from sales of batteries and other components from RMB884.5 million in 2023 to RMB2,312.7 million (US$316.8 million) in 2024; and (iii) an increase in gross profit from research and development services from RMB885.8 million in 2023 to RMB1,484.5 million (US$203.4 million) in 2024.
Our gross profit margin increased from 13.3% in 2023 to