Zeekr's stock price plummeted by 20%, and its third-quarter financial report showed a decline in revenue

On November 14, Zeekr (stock code: ZK) saw its share price plummet by 20% after the U.S. stock market opened. According to its third-quarter financial report, the company achieved revenue of 18.358 billion yuan in the quarter, down 8.4% from the previous quarter, and a net loss of 1.1391 billion yuan. In addition, the company's gross profit margin also declined, down 1.2 percentage points from the previous quarter and 0.3 percentage points from the previous year, to 16%. In terms of vehicle gross profit margin, the vehicle profit margin was 15.7% in the third quarter, compared with 18.1% in the same period last year and 14.2% in the second quarter of this year.