LEAPMOTOR(HK:09863) Feng Huang Wang·2025-11-17 11:58Core Viewpoint - Leap Motor reported a strong financial performance for Q3 2025, with significant growth in revenue and net profit, indicating a robust market position and operational efficiency [1] Financial Performance - The net profit for Q3 reached 150 million yuan, maintaining positive growth [1] - Revenue for the quarter was 19.45 billion yuan, representing a year-on-year increase of 97.3% [1] - Gross margin improved to 14.5%, up by 6.4 percentage points compared to the same period last year [1] Delivery and Sales - Total delivery volume for Q3 was 173,852 units, marking a year-on-year growth of 101.8% [1] - In October, Leap Motor's monthly sales surpassed 70,000 units for the first time [1] Cash Flow and Reserves - As of the end of Q3, the company had cash reserves of 33.92 billion yuan [1] - The net cash generated from operating activities was 4.88 billion yuan [1] - Free cash flow amounted to 3.84 billion yuan [1] Product Development - Leap Motor has completed the layout of its four major product series: A, B, C, and D [1] - The Lafa5 sports sedan began pre-sales on November 7, with plans for domestic launch on November 27 [1] - The D19 luxury SUV made its global debut in Shanghai in October [1] - The A10, the first model in the A series, is set to be showcased at the Guangzhou Auto Show in November [1] - The company launched its new flagship D platform, which includes six major technologies such as range extension, high-voltage pure electric, and intelligent driving [1]