<blockquote>
<ul>
<li>零跑汽车周五报告称，其第一季度净亏损扩大至 3.9 亿元（5730 万美元），而去年同期净亏损为 1.3 亿元。</li>
<li>其第一季度毛利率从去年同期的 14.9% 显著下降至 9.4%。</li>
</ul>
</blockquote><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051803141219.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051803141219.jpg"/></p><p>（资料图显示一辆零跑 T03。图片来源：CnEVPost）</p><p>周一，零跑汽车（HKEX: 9863）在香港交易的股价大幅下挫，主要原因是该公司第一季度净亏损显著扩大。</p><p>截至发稿时，该股在早盘交易中暴跌 11.15%，至每股 40.18 港元，触及两个多月来的最低水平。</p><p>这家由 Stellantis NV 支持的中国电动汽车制造商周五报告称，其第一季度净亏损扩大至 3.9 亿元（5730 万美元），而去年同期净亏损为 1.3 亿元。</p><p>加入我们的 Telegram 或 Google News</p><p>亏损同比增加主要是由于毛利润总额下降以及费用增加所致。其第一季度毛利率从去年同期的 14.9% 显著下降至 9.4%。</p><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051803141813.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051803141813.jpg"/></p><p>尽管面临利润率压力，零跑汽车第一季度营收仍实现增长。期内营收达到 108.2 亿元，创下该公司有史以来最佳的第一季度业绩。</p><p>强劲的汽车销售交付量推动了营收增长，该公司第一季度共交付车辆 110,155 辆。</p><p>海外市场正成为这家初创企业关键的业务增长引擎。零跑汽车第一季度海外出口量达到创纪录的 40,901 辆，占其总销量的 37.1%。</p><p>这一销售势头延续至第二季度。零跑汽车 4 月份交付了创纪录的 71,387 辆汽车，其中海外销量达到 14,225 辆。</p><p>在主品牌实现强劲增长后，零跑汽车确认计划推出第二个品牌。一位公司高管在电话会议上表示，新品牌的产品预计最早将于今年年底亮相，并可能在明年年中或下半年正式上市。</p><p>上月有报道指出，这个新的独立品牌将专注于售价超过 30 万元的车型。目前，零跑汽车的产品线主要由面向大众市场的平价车型组成。</p><p>随着零跑汽车业绩的出炉，投资者也将密切关注其本土竞争对手的财务表现。蔚来（NYSE: NIO）定于 5 月 21 日公布财报。</p><p>随后，其他中国电动汽车制造商也将陆续发布最新财报。小鹏汽车（NYSE: XPEV）和理想汽车（NASDAQ: LI）均定于 5 月 28 日发布第一季度财务报告。</p><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051510430796-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051510430796-768x432.jpg"/></p><p>尽管销售增长，零跑汽车一季度净亏损仍扩大</p><p>零跑汽车第一季度营收达到 108.2 亿元，创下有史以来最佳第一季度业绩，但毛利率显著下降。</p><p>（1 美元 = 6.8099 元人民币）</p>

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华宝智能电动汽车ETF

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<p>零跑汽车公布一季度净亏损 3.9 亿元，较去年同期的 1.3 亿元有所增加，随后其股价下跌 11.15% 至 40.18 港元。尽管在强劲的汽车交付量推动下，营收创下 108.2 亿元的历史新高，但毛利率从 14.9% 降至 9.4%。该公司计划于明年年中推出专注于高价车型的第二品牌</p>

<blockquote>
<ul>
<li>Leapmotor reported Friday its first-quarter net loss widened to 390 million yuan ($57.3 million), compared with a net loss of 130 million yuan a year earlier.</li>
<li>Its first-quarter gross margin dropped significantly to 9.4% from 14.9% in the same period last year.</li>
</ul>
</blockquote>
<div class="lb-trans"><blockquote>
<ul>
<li>零跑汽车周五报告称，其第一季度净亏损扩大至 3.9 亿元（5730 万美元），而去年同期净亏损为 1.3 亿元。</li>
<li>其第一季度毛利率从去年同期的 14.9% 显著下降至 9.4%。</li>
</ul>
</blockquote></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051803141219.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051803141219.jpg"/></p>
<p>(File photo shows a Leapmotor T03. Image credit: CnEVPost)</p>
<div class="lb-trans"><p>（资料图显示一辆零跑 T03。图片来源：CnEVPost）</p></div><p>Leapmotor's (HKEX: 9863) shares traded in Hong Kong tumbled on Monday, largely driven by a significant widening of the company's first-quarter net loss.</p>
<div class="lb-trans"><p>周一，零跑汽车（HKEX: 9863）在香港交易的股价大幅下挫，主要原因是该公司第一季度净亏损显著扩大。</p></div><p>As of press time, the stock plunged 11.15% in early trading to HK$40.18 per share, touching its lowest level in more than two months.</p>
<div class="lb-trans"><p>截至发稿时，该股在早盘交易中暴跌 11.15%，至每股 40.18 港元，触及两个多月来的最低水平。</p></div><p>The Stellantis NV-backed Chinese EV maker reported on Friday that its first-quarter net loss widened to 390 million yuan ($57.3 million), compared with a net loss of 130 million yuan a year earlier.</p>
<div class="lb-trans"><p>这家由 Stellantis NV 支持的中国电动汽车制造商周五报告称，其第一季度净亏损扩大至 3.9 亿元（5730 万美元），而去年同期净亏损为 1.3 亿元。</p></div><p>Join us on  Telegram  or  Google News</p>
<div class="lb-trans"><p>加入我们的 Telegram 或 Google News</p></div><p>The year-on-year increase in loss was primarily due to a decline in total gross profit and an increase in expenses. Its first-quarter gross margin dropped significantly to 9.4% from 14.9% in the same period last year.</p>
<div class="lb-trans"><p>亏损同比增加主要是由于毛利润总额下降以及费用增加所致。其第一季度毛利率从去年同期的 14.9% 显著下降至 9.4%。</p></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051803141813.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051803141813.jpg"/></p>
<p>Despite margin pressures, Leapmotor still saw revenue growth in the first quarter. Its revenue for the period reached 10.82 billion yuan, marking the company's best-ever first-quarter performance.</p>
<div class="lb-trans"><p>尽管面临利润率压力，零跑汽车第一季度营收仍实现增长。期内营收达到 108.2 亿元，创下该公司有史以来最佳的第一季度业绩。</p></div><p>The revenue growth was driven by robust vehicle deliveries, with the company handing over 110,155 vehicles in the first quarter.</p>
<div class="lb-trans"><p>强劲的汽车销售交付量推动了营收增长，该公司第一季度共交付车辆 110,155 辆。</p></div><p>Overseas markets are emerging as a key business growth engine for the startup. Leapmotor's overseas exports reached a record 40,901 units in the first quarter, accounting for 37.1% of its total sales.</p>
<div class="lb-trans"><p>海外市场正成为这家初创企业关键的业务增长引擎。零跑汽车第一季度海外出口量达到创纪录的 40,901 辆，占其总销量的 37.1%。</p></div><p>This sales momentum continued into the second quarter. Leapmotor delivered a record 71,387 vehicles in April, with overseas sales reaching 14,225 units.</p>
<div class="lb-trans"><p>这一销售势头延续至第二季度。零跑汽车 4 月份交付了创纪录的 71,387 辆汽车，其中海外销量达到 14,225 辆。</p></div><p>After seeing strong growth in its main brand, Leapmotor confirmed it is planning to launch a second brand. A company executive said on a call that products from the new brand are expected to debut as early as the end of this year, and could officially hit the market in the middle or second half of next year.</p>
<div class="lb-trans"><p>在主品牌实现强劲增长后，零跑汽车确认计划推出第二个品牌。一位公司高管在电话会议上表示，新品牌的产品预计最早将于今年年底亮相，并可能在明年年中或下半年正式上市。</p></div><p>Reports last month suggested the new independent brand will focus on models priced above 300,000 yuan. Currently, Leapmotor's lineup primarily consists of affordable mass-market models.</p>
<div class="lb-trans"><p>上月有报道指出，这个新的独立品牌将专注于售价超过 30 万元的车型。目前，零跑汽车的产品线主要由面向大众市场的平价车型组成。</p></div><p>With Leapmotor's results out, investors will also be closely watching the financial performance of its local rivals. Nio Inc (NYSE: NIO) is scheduled to post its earnings on May 21.</p>
<div class="lb-trans"><p>随着零跑汽车业绩的出炉，投资者也将密切关注其本土竞争对手的财务表现。蔚来（NYSE: NIO）定于 5 月 21 日公布财报。</p></div><p>Subsequently, other Chinese EV makers will roll out their latest earnings to the market. Xpeng (NYSE: XPEV) and Li Auto (NASDAQ: LI) are both slated to release their first-quarter financial reports on May 28.</p>
<div class="lb-trans"><p>随后，其他中国电动汽车制造商也将陆续发布最新财报。小鹏汽车（NYSE: XPEV）和理想汽车（NASDAQ: LI）均定于 5 月 28 日发布第一季度财务报告。</p></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051510430796-768x432.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051510430796-768x432.jpg"/></p>
<p>Leapmotor sees Q1 net loss widen despite sales growth</p>
<div class="lb-trans"><p>尽管销售增长，零跑汽车一季度净亏损仍扩大</p></div><p>Leapmotor's first-quarter revenue reached 10.82 billion yuan, its best first quarter on record, but gross margin dropped significantly.</p>
<div class="lb-trans"><p>零跑汽车第一季度营收达到 108.2 亿元，创下有史以来最佳第一季度业绩，但毛利率显著下降。</p></div><p>($1 = 6.8099 yuan)</p>
<div class="lb-trans"><p>（1 美元 = 6.8099 元人民币）</p></div>

零跑汽车港股跌至两个月低点，因一季度亏损扩大