【9863 Performance】Leapmotor Turned Profitable Last Year, Earning Over 500 Million Yuan, Exploring Diversified Cooperation in Complete Vehicles and Components with Stellantis

SocialAnxietyStaker · 2026-03-16T11:15:41+00:00

Leapmotor expects to achieve profitability in 2025 with net profits of 538 million RMB, revenue reaching 64.732 billion RMB, representing a year-over-year increase of 1.01x, and gross margin improving to 14.5%. The company plans to begin production of the B10 and B05 models in Spain in 2026 and is conducting in-depth discussions on cooperation with the Stellantis Group.

SocialAnxietyStaker

2026-03-16 11:15:41

Abstract generation in progress

Leap Motor (09863) announced that it will turn a profit in 2025 with a net profit of 538 million RMB (same below), compared to a loss of 2.82 billion RMB in the same period in 2024; basic earnings per share are 0.39 RMB, with no final dividend declared.

During the period, revenue reached 64.732 billion RMB, an increase of 1.01 times year-on-year. The gross profit margin was 14.5%, up 6.1 percentage points year-on-year, setting a new annual high.

The Spain CKD project has been approved and is scheduled to start production in October.

Last year, total deliveries reached 596,600 units, a 103.1% increase year-on-year, achieving double-digit growth for two consecutive years; exports totaled 6.7 million units. By the end of February 2026, cumulative exports exceeded 100,000 units. By the end of 2025, the sales and service network covered 295 cities, adding 31 new cities year-on-year, with a total of 950 sales stores and 526 service stores.

The company disclosed that the Spain CKD project (importing fully disassembled parts for vehicle assembly) has been approved, with plans to introduce the Leap B10 and B05 models. The B10 has already entered the OTS stage of local vehicle manufacturing, with the first prototype completed and scheduled for official production in October 2026; the B05 is expected to begin trial production in June 2026 and officially start production in 2027. The supporting battery factories for these two models have completed site selection and are currently undergoing factory renovations. The first battery pack trial production is planned to start in April 2026, with mass production officially launching in July.

Additionally, the company is actively exploring diversified cooperation with Stellantis Group in vehicle and component areas, with some projects already in advanced negotiations.

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