Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 189

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 189
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         (1,958,752)         (923,886)         (126,570)
Net cash provided by/(used in) financing activities                                   5,373,325             (2,683)         2,623,078           359,360
Net (decrease)/increase in cash, cash equivalents and restricted cash                 (157,219)             313,898         4,898,448           671,086
Cash, cash equivalents and restricted cash at beginning of year                       3,897,966           3,754,904         4,104,749           562,348
Effect of exchange rate changes on cash, cash equivalents and restricted cash            14,157              35,947          (41,545)           (5,693)
Cash, cash equivalents and restricted cash at end of year                             3,754,904           4,104,749         8,961,652         1,227,741
​
Operating Activities
Net cash provided by operating activities was RMB3,199.3 million (US$438.3 million) in 2024, primarily due to net loss of RMB5,790.6 million (US$793.3 million), adjusted for non-cash operating activities of (i) depreciation and amortization of RMB945.0 million (US$129.5 million), (ii) share-based compensation of RMB1,076.6 million (US$147.5 million), and adjusted for (iii) investment income of RMB727.0 million (US$99.6 million) and (iv) return on long-term investments of RMB90.8 million (US$12.4 million). The amount was further adjusted by changes in operating assets and liabilities that had a positive effect on cash flow, including primarily (i) an increase in accruals and other current liabilities of RMB2,339.8 million (US$320.6 million), (ii) a decrease in amounts due to related parties of RMB1,872.2 million (US$ 256.5 million) and (iii) an increase in notes payable and others of RMB7,485.7 million (US$1,025.5 million), primarily including the notes payable to related-party suppliers of vehicles and third-party suppliers of battery cells and modules, reflecting the growth of Zeekr’s and Ningbo Viridi’s business, respectively