LEAPMOTOR (09863) releases its annual performance results with a revenue of 32.164 billion yuan, a year-on-year increase of 92.06%.

LEAPMOTOR (09863) released its annual performance for the year ended December 31, 2024. The group achieved revenue of 32.164 billion RMB (in the same units), an increase of 92.06% compared to the previous year. The net loss attributable to equity holders of the company was 2.821 billion RMB, a decrease of 33.1% compared to the previous year, with a loss per share of 2.11 RMB. The announcement stated that the revenue growth was mainly due to an increase in vehicle and spare parts deliveries, as well as an increase in value-added service revenue related to the increase in market share of vehicles. The total vehicle delivery volume in 2024 was 293,700 units, an increase of 103.8% compared to the same period in 2023, ranking among the top three in sales of new energy vehicle brands for the year. The company achieved a net profit of 0.8 billion RMB in the fourth quarter of 2024, turning profitable earlier than expected and becoming the second profitable company among new energy vehicle manufacturers. The gross profit margin for the fourth quarter of 2024 was 13.3%, the highest since the establishment of the company.