US Stock Market Move | Extreme Technology (ZK.US) rose nearly 3% as its net loss in the second quarter narrowed by 88.8% compared to the same period last year.

On Tuesday, ZK.US rose nearly 3% to $31.41. The second quarter financial report released by ZK shows that the company achieved a total revenue of 27.431 billion yuan, with vehicle sales revenue reaching 22.916 billion yuan. The company's financial performance in the second quarter hit multiple historical highs. The comprehensive gross profit margin reached 20.6%, an increase of 2.6 percentage points year on year. The vehicle gross profit margin was 17.3%, up 5.8 percentage points year on year. The net loss was 287 million yuan, a decrease of 88.8% year on year and 62.4% month on month. The company delivered a total of 244,877 new vehicles in the first half of the year, a year-on-year increase of 14.5%.