第二家盈利的新势力诞生！零跑上调全年销量目标至65万辆

Core Insights - Leap Motor has achieved its first half-year profit, marking a significant milestone in its ten-year history [2] - The company has raised its annual sales target to between 580,000 and 650,000 units, reflecting strong market performance and sales growth [3][4] Financial Performance - Leap Motor reported a revenue of 24.25 billion yuan for the first half of the year, a year-on-year increase of 174%, with electric vehicle sales contributing 23.1 billion yuan, accounting for 95.26% of total revenue [3] - The gross margin for the first half reached 14.1%, a 13 percentage point increase year-on-year, with a net profit of 30 million yuan, reversing a net loss of 2.21 billion yuan in the same period last year [6] - Operating losses narrowed to 88.63 million yuan from 2.395 billion yuan year-on-year, despite increased spending on sales, administration, and R&D [6] Sales and Delivery - Leap Motor delivered 221,700 vehicles in the first half, surpassing Li Auto to become the top new energy vehicle brand in China [3] - The introduction of new models, including the compact SUV Leap B10, has driven sales growth, with the B10 alone accounting for approximately 12.6% of total sales [3][4] Product Strategy - The company plans to expand its product lineup, with new models like the Leap C11 and B01 already launched, and the B05 set to debut at the Munich Auto Show [4] - Leap Motor's strategy includes a focus on high-value features at competitive prices, with over 70% of B10 models equipped with advanced features like laser radar [3] International Expansion - Leap Motor exported 25,000 vehicles in the first half, leading among new energy vehicle brands in exports, and aims to establish a local production base in Europe by the end of 2026 [8][9] - The company has set an overseas sales target of 50,000 to 80,000 units for this year, with a long-term goal of selling one million vehicles annually by 2026 [9]