US Stock Market Move | Cumulative revenue in the first three quarters increased by more than 50% year-on-year, and ZK.US stock surged over 7%.

On Wednesday, ZK.US saw a significant increase in its stock price, rising by 7.5% to $22.51. Financial data shows that as of September 30, 2024, ZK.US's revenue for the first three quarters of the year has increased by over 50% to 53.13 billion yuan, with total revenue from vehicle sales exceeding 36 billion yuan. In the third quarter, the revenue from vehicle sales exceeded 14.4 billion yuan, up 42% year-on-year and 7% month-on-month, with a gross profit margin of 15.7%, reaching a new high for the year. The company's profitability continued to improve, achieving breakeven in the third quarter under Hong Kong Financial Reporting Standards. In the first three quarters of 2024, ZK.US delivered nearly 143,000 new vehicles. The delivery volume in the third quarter was particularly outstanding, reaching 55,000 vehicles, a 51% year-on-year increase. In October, ZK.US's delivery volume continued to rise, with deliveries exceeding 25,000 vehicles in a single month, up 92% year-on-year and 17% month-on-month.