Zero Motor (09863) announced that its earnings in the third quarter of 2023 were 5.656 billion yuan (the same as below), up 31.9 percent from 4.288 billion yuan in the same period in 2022 and 29.4 percent from 4.371 billion yuan in the second quarter of 2023, Zhitong Financial and Economic APP reported. The year-on-year increase was mainly due to the increase in sales volume and the improvement in the structure of sales models, while the month-on-month increase was mainly due to an increase in sales.
The loss attributable to corporate equity holders in the third quarter of 2023 was 986 million yuan, compared with 1.34 billion yuan in the same period in 2022 and 1.143 billion yuan in the second quarter of 2023. Excluding share-based payments as part of employee benefit expenses, the adjusted net loss (non-IFRS) was $789 million in the third quarter of 2023, $1.155 billion in the same period in 2022 and $972 million in the second quarter of 2023.
Total vehicle delivery in the third quarter of 2023 was 44300, an increase of 24.5 per cent from 35600 in the same period in 2022.
T03 deliveries in the third quarter of 2023 were 8622, down 51.5 per cent from 17790 in the same period in 2022.
C11 deliveries in the third quarter of 2023 were 27400 (including add-on electric vehicles (add-on)), an increase of 58.6 per cent from 17300 in the same period in 2022.
Delivery of C01 in the third quarter of 2023 was 8325 vehicles (including the growth program), an increase of 1384.0% compared with 561 vehicles in the same period in 2022.
Mr. Zhu Jiangming, founder, Chairman and Chief Executive Officer of the company, sent a message:
In the past third quarter, we have achieved encouraging results, whether in research and development, innovation or manufacturing, which have demonstrated the value and capability of zero-running cars. We maintained a good momentum this quarter, delivering a total of 44300 new energy passenger vehicles (new energy vehicles), an increase of 24.5% over the same period last year, setting a new record for the delivery of zero-running cars in a single quarter. At the same time, in the third quarter of 2023, we achieved our goal of turning a positive gross profit margin ahead of schedule, with a quarterly gross profit margin of 1.2%, which means we are one step closer to the company's goal of profitability.
In July, we released the industry's first centrally integrated electronic and electrical architecture, "four-leaf clover", which is the first to realize the integration of cockpit domain, intelligent driving domain, power domain and body domain, bringing users the often new non-inductive over-the-air download technology (OTA) and a higher-level smart electric vehicle experience. Subsequent mass-produced new models will be equipped with this latest technology.
In early September, with the latest achievements of global research and development, the LEAP3.0 technology architecture and the first global model C10 based on this architecture were unveiled at the IAA MOBILITY 2023 Munich International Auto Show, opening up an innovative road from product globalization to technology globalization. Starting with the C10, we will launch five new models within 2 years with global standards. We believe that more cutting-edge technology and smarter products will show the world the brand value of zero-running cars, and we look forward to sharing the technological future with our partners.
In a highly competitive market environment, Zero cars delivered an excellent answer in the third quarter of 2023 through continuous innovation and improvement of product quality. Based on the current order volume, our delivery is expected to hit a new high in the fourth quarter. It is believed that our healthy profit level will support the company to continue to deepen its own research technology, accelerate the pace of innovation and development, and provide users with better products and services.