Lates News

Krypton Technology (NYSE: ZK) released its financial report for the first quarter of 2025. According to the report, Krypton Technology's total revenue in the first quarter reached 22 billion yuan. Among them, automobile sales revenue reached 19.1 billion yuan, an increase of 16.1% year-on-year; the gross profit margin of automobile sales in the first quarter was 16.5%, a year-on-year increase of 3.4 percentage points; the comprehensive gross profit margin rose to 19.1%, reaching a historical high; both brands achieved their best financial performance in history. In the first quarter, Krypton Technology's net loss narrowed significantly year-on-year, decreasing by over 60%, and achieved a profit of 510 million yuan under Hong Kong accounting standards, making a profit for three consecutive quarters. From January to April, Krypton and Lynk & Co. sold 155,327 vehicles, ranking first in high-end luxury sales among Chinese new energy vehicles.