连续季度盈利、销量翻倍增长，零跑汽车明年冲刺百万台销量新目标

Core Insights - Leap Motor (9863.HK) reported a net profit of 150 million yuan for Q3 2025, marking its continuous quarterly profitability [1] - The company delivered 173,852 new vehicles, leading the sales among new energy vehicle brands in China, representing a 101.8% increase compared to the same period in 2024 [1] - Revenue reached 19.45 billion yuan, a 97.3% year-on-year growth, with a gross margin of 14.5%, showing significant improvement [1] - Leap Motor's cash reserves stood at 33.92 billion yuan, maintaining positive operating and free cash flow [1] - Since March, Leap Motor has been the monthly sales champion among new energy vehicle brands in China for eight consecutive months, breaking sales records with over 60,000 units in September and over 70,000 units in October [1] - The founder and CEO, Zhu Jiangming, announced on November 15 that the company achieved its 2025 target of 500,000 vehicles sold 45 days ahead of schedule, with plans to target 1 million units in 2026 [1]