LEAPMOTOR(09863)2022-11-14 08:30Financial Performance - Total revenue for Q3 2022 reached RMB 4,287.8 million, an increase of 398.5% compared to RMB 860.1 million in Q3 2021[3] - The gross margin for Q3 2022 improved to (8.9%), up from (44.5%) in Q3 2021 and (25.6%) in Q2 2022[3] - The company reported a net loss attributable to equity holders of RMB 1,339.9 million in Q3 2022, compared to RMB 719.1 million in Q3 2021[3] - The company's loss attributable to equity holders for Q3 2022 was RMB 1,339.9 million, compared to RMB 719.1 million in the same period of 2021 and RMB 1,401.7 million in Q2 2022[9] - The net cash used in operating activities for Q3 2022 was RMB 169.1 million, an improvement of 54.2% compared to RMB 369.1 million in Q3 2021 and an improvement of 13.7% compared to RMB 195.9 million in Q2 2022[9] - The free cash flow for Q3 2022 was RMB (507.1) million, an improvement of 17.7% compared to RMB (616.5) million in Q3 2021 and a slight improvement of 0.6% compared to RMB (510.4) million in Q2 2022[9] Vehicle Deliveries - Total vehicle deliveries in Q3 2022 were 35,608 units, a 186% increase from 12,471 units in the same period last year[2] - The T03 model delivered 17,790 units in Q3 2022, a 48% increase from 12,002 units in the same period last year[2] - The C11 model delivered 17,257 units in Q3 2022, a significant increase from just 253 units in Q3 2021[2] Research and Development - R&D expenses for Q3 2022 were RMB 404.0 million, a 138.9% increase from RMB 169.1 million in Q3 2021[7] Sales and Expansion - The company expanded its sales network to 490 stores covering 156 cities as of September 30, 2022[2] Future Plans - The company plans to launch the C11 upgraded model in Q4 2022 to enrich its product matrix[4] IPO Information - The company successfully completed its IPO on the Hong Kong Stock Exchange on September 29, 2022[4] Cash and Financial Position - As of September 30, 2022, the company's cash and cash equivalents, restricted cash, financial assets at fair value, and long-term bank deposits totaled RMB 11,778.8 million[9]