Leapmotor Achieves Full-Year Profitability for the First Time in 2025

[Financial Performance] Leapmotor reported a net profit of RMB 540 million in 2025, achieving full-year profitability for the first time and becoming the second new EV maker to turn a profit, following Li Auto.

Key Metrics: Deliveries and Revenue Both Doubled

Total revenue reached RMB 64.73 billion in 2025, up 101.3% year-over-year; total deliveries hit 596,555 units, an increase of 103.1% year-over-year, marking two consecutive years of doubled sales volume and solidifying its position as the top-selling new EV brand. Gross margin improved to a record high of 14.5%, and cash on hand stood at RMB 37.88 billion, with both operating cash flow and free cash flow turning positive.

Strategic Foundation: Comprehensive Product Portfolio Drives Profitability

The company’s four major platforms—A, B, C, and D—have been fully rolled out. The Lafa5, launched just three months ago, has already surpassed 20,000 units in sales. Additionally, the B01, B10, and updated SUV models based on the C platform have been rapidly introduced, enabling economies of scale to effectively translate into profitability.