Q1营收破百亿、毛利14.9%，朱江明：零跑和我都很好

Core Insights - The founder and CEO of Leap Motor, Zhu Jiangming, addressed rumors about his death and highlighted the company's positive development, stating that both he and Leap Motor are thriving [1] - Leap Motor reported a revenue of 10.02 billion yuan for Q1 2025, marking a year-on-year increase of 187.1% and achieving a historical high gross margin of 14.9% [3] - Despite the revenue growth, Leap Motor recorded a loss of 130 million yuan for Q1, although this was an improvement compared to a profit of 80 million yuan in the previous quarter and a loss of 1.01 billion yuan in the same period last year [5] Financial Performance - Leap Motor's Q1 revenue surpassed 10 billion yuan, with a significant year-on-year growth of 187.1% [3] - The gross margin improved to 14.9%, addressing previous concerns about the company's profitability [3] - The company reported a loss of 130 million yuan for Q1, a reduction from the previous year's loss of 1.01 billion yuan [5] Market Position - Leap Motor achieved a sales volume of 87,552 vehicles in Q1, representing a year-on-year increase of 162% [5] - The company ranked first in sales among new car manufacturers in March and maintained this position in April [5] - Leap Motor exported 13,632 vehicles from January to April, making it the leading exporter among new car manufacturers [5] Stock Performance and Future Outlook - Following positive financial results, Leap Motor's stock price exceeded 60 HKD, doubling since the beginning of the year [6] - The company launched several strategic models, including the B10 and B01 in April, and the 2026 C10 in May, aiming for an annual sales target of 500,000 to 600,000 vehicles [6]