Leapmotor丨Turned Profitable Last Year with Adjusted Net Profit of 1.08 Billion Yuan

SighingCashier · 2026-03-16T10:47:48+00:00

Leapmotor turned profitable last year, with a net profit of 538 million yuan and earnings per share of 0.39 yuan, but no dividends were distributed. Revenue reached 64.732 billion yuan, an increase of 1.01 times, with the gross profit margin rising to 14.5%. In 2024, the company expects a loss of 2.821 billion yuan, with approximately 596,500 vehicles delivered, representing a growth of 1.03 times.

SighingCashier

2026-03-16 10:47:48

Abstract generation in progress

Leap Motor (09863) announced that last year it turned a profit, with a net profit of 538 million yuan (RMB), earnings per share of 0.39 yuan, and no final dividend. It became the second domestic automaker to achieve profitability. The projected loss for 2024 is 2.821 billion yuan. According to non-IFRS standards, adjusted net profit was 1.08 billion yuan, and the adjusted net loss for 2024 is 2.35 billion yuan.

During the period, revenue reached 64.732 billion yuan, an increase of 1.01 times year-on-year. Gross profit margin was 14.5%, up 6.1 percentage points, reaching a new high. The total vehicle deliveries for the year were approximately 596,500 units, a year-on-year increase of 1.03 times.

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