<blockquote>
<ul>
<li>零跑汽車週五報告稱，其第一季度淨虧損擴大至 3.9 億元（5730 萬美元），而去年同期淨虧損為 1.3 億元。</li>
<li>其第一季度毛利率從去年同期的 14.9% 顯著下降至 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>（資料圖顯示一輛零跑 T03。圖片來源：CnEVPost）</p><p>週一，零跑汽車（HKEX: 9863）在香港交易的股價大幅下挫，主要原因是該公司第一季度淨虧損顯著擴大。</p><p>截至發稿時，該股在早盤交易中暴跌 11.15%，至每股 40.18 港元，觸及兩個多月來的最低水平。</p><p>這家由 Stellantis NV 支持的中國電動汽車製造商週五報告稱，其第一季度淨虧損擴大至 3.9 億元（5730 萬美元），而去年同期淨虧損為 1.3 億元。</p><p>加入我們的 Telegram 或 Google News</p><p>虧損同比增加主要是由於毛利潤總額下降以及費用增加所致。其第一季度毛利率從去年同期的 14.9% 顯著下降至 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>儘管面臨利潤率壓力，零跑汽車第一季度營收仍實現增長。期內營收達到 108.2 億元，創下該公司有史以來最佳的第一季度業績。</p><p>強勁的汽車銷售交付量推動了營收增長，該公司第一季度共交付車輛 110,155 輛。</p><p>海外市場正成為這家初創企業關鍵的業務增長引擎。零跑汽車第一季度海外出口量達到創紀錄的 40,901 輛，佔其總銷量的 37.1%。</p><p>這一銷售勢頭延續至第二季度。零跑汽車 4 月份交付了創紀錄的 71,387 輛汽車，其中海外銷量達到 14,225 輛。</p><p>在主品牌實現強勁增長後，零跑汽車確認計劃推出第二個品牌。一位公司高管在電話會議上表示，新品牌的產品預計最早將於今年年底亮相，並可能在明年年中或下半年正式上市。</p><p>上月有報道指出，這個新的獨立品牌將專注於售價超過 30 萬元的車型。目前，零跑汽車的產品線主要由面向大眾市場的平價車型組成。</p><p>隨着零跑汽車業績的出爐，投資者也將密切關注其本土競爭對手的財務表現。蔚來（NYSE: NIO）定於 5 月 21 日公佈財報。</p><p>隨後，其他中國電動汽車製造商也將陸續發佈最新財報。小鵬汽車（NYSE: XPEV）和理想汽車（NASDAQ: LI）均定於 5 月 28 日發佈第一季度財務報告。</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>儘管銷售增長，零跑汽車一季度淨虧損仍擴大</p><p>零跑汽車第一季度營收達到 108.2 億元，創下有史以來最佳第一季度業績，但毛利率顯著下降。</p><p>（1 美元 = 6.8099 元人民幣）</p>

華夏中證港股通汽車產業主題ETF

華寶智能電動汽車ETF

華夏中證新能源汽車ETF

<p>零跑汽車公佈一季度淨虧損 3.9 億元，較去年同期的 1.3 億元有所增加，隨後其股價下跌 11.15% 至 40.18 港元。儘管在強勁的汽車交付量推動下，營收創下 108.2 億元的歷史新高，但毛利率從 14.9% 降至 9.4%。該公司計劃於明年年中推出專注於高價車型的第二品牌</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>零跑汽車週五報告稱，其第一季度淨虧損擴大至 3.9 億元（5730 萬美元），而去年同期淨虧損為 1.3 億元。</li>
<li>其第一季度毛利率從去年同期的 14.9% 顯著下降至 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>（資料圖顯示一輛零跑 T03。圖片來源：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>週一，零跑汽車（HKEX: 9863）在香港交易的股價大幅下挫，主要原因是該公司第一季度淨虧損顯著擴大。</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>截至發稿時，該股在早盤交易中暴跌 11.15%，至每股 40.18 港元，觸及兩個多月來的最低水平。</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>這家由 Stellantis NV 支持的中國電動汽車製造商週五報告稱，其第一季度淨虧損擴大至 3.9 億元（5730 萬美元），而去年同期淨虧損為 1.3 億元。</p></div><p>Join us on  Telegram  or  Google News</p>
<div class="lb-trans"><p>加入我們的 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>虧損同比增加主要是由於毛利潤總額下降以及費用增加所致。其第一季度毛利率從去年同期的 14.9% 顯著下降至 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>儘管面臨利潤率壓力，零跑汽車第一季度營收仍實現增長。期內營收達到 108.2 億元，創下該公司有史以來最佳的第一季度業績。</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>強勁的汽車銷售交付量推動了營收增長，該公司第一季度共交付車輛 110,155 輛。</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>海外市場正成為這家初創企業關鍵的業務增長引擎。零跑汽車第一季度海外出口量達到創紀錄的 40,901 輛，佔其總銷量的 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>這一銷售勢頭延續至第二季度。零跑汽車 4 月份交付了創紀錄的 71,387 輛汽車，其中海外銷量達到 14,225 輛。</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>在主品牌實現強勁增長後，零跑汽車確認計劃推出第二個品牌。一位公司高管在電話會議上表示，新品牌的產品預計最早將於今年年底亮相，並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>上月有報道指出，這個新的獨立品牌將專注於售價超過 30 萬元的車型。目前，零跑汽車的產品線主要由面向大眾市場的平價車型組成。</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>隨着零跑汽車業績的出爐，投資者也將密切關注其本土競爭對手的財務表現。蔚來（NYSE: NIO）定於 5 月 21 日公佈財報。</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>隨後，其他中國電動汽車製造商也將陸續發佈最新財報。小鵬汽車（NYSE: XPEV）和理想汽車（NASDAQ: LI）均定於 5 月 28 日發佈第一季度財務報告。</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>儘管銷售增長，零跑汽車一季度淨虧損仍擴大</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>零跑汽車第一季度營收達到 108.2 億元，創下有史以來最佳第一季度業績，但毛利率顯著下降。</p></div><p>($1 = 6.8099 yuan)</p>
<div class="lb-trans"><p>（1 美元 = 6.8099 元人民幣）</p></div>

零跑汽車港股跌至兩個月低點，因一季度虧損擴大