Information | Zeekr officially goes public on the NYSE, with a first-day stock price increase of 34.57%.
1. **Listing Time and Stock Code**: Zeekr officially went public on the New York Stock Exchange on the evening of May 10th, Beijing time, with the stock code "ZK".
2. **Issuance and Fundraising Situation**: Zeekr issued 21 million American Depositary Shares (ADS) at a price of $21 per share, raising a total of approximately $441 million.
3. **First Day Stock Price Performance**: On the first day of listing, Zeekr's stock closed at $28.26, with a first-day increase of 34.57%.
4. **Brand Development Speed**: Since the launch of the Zeekr brand on April 15, 2021, it has successfully gone public in just 37 months.
5. **Product and Delivery Situation**: To date, Zeekr has launched a total of 5 car models. As of the end of April 2024, the cumulative delivery of vehicles exceeded 240,000. From January to April 2024, the delivery volume was close to 50,000.
6. **Financial Performance**: In 2023, Zeekr's total revenue was about 51.7 billion yuan, a year-on-year increase of 62%, and the net cash flow from operating activities was 2.28 billion yuan. The gross profit margin of the whole vehicle in the first year of the brand launch (2021) was positive, reaching 15% in 2023, an increase of 10.3 percentage points from 2022.
7. **R&D Investment**: Over the past three years, Zeekr has invested nearly 17 billion yuan in the field of new energy vehicles.
8. **Capital Dynamics after IPO**: After the IPO, industrial capitals and institutions such as CATL and Intel continue to subscribe to Zeekr's stocks.
9. **Use of Funds Raised**: About 45% of the funds raised from the IPO will be used for the research and development of more advanced pure electric vehicle technology and the expansion of the product portfolio; about 45% will be used for sales, marketing, and the expansion of services and charging networks; about 10% will be used for general corporate purposes, including working capital needs to support business operations.
