连续季度盈利销量翻倍增长 零跑汽车三季度交出高质量发展答卷

Core Insights - Zhejiang Leapmotor Technology Co., Ltd. (Leapmotor) reported a net profit of 150 million yuan for Q3 2025, marking continuous quarterly profitability [1] - The company delivered 173,852 new vehicles, achieving a 101.8% increase compared to the same period in 2024, and generated revenue of 19.45 billion yuan, up 97.3% year-on-year [1] - Leapmotor's gross margin improved significantly to 14.5%, and the company has a strong cash position of 33.92 billion yuan, maintaining positive operating and free cash flow [1] Product Development - Leapmotor has launched multiple new models to enhance its product matrix, including the C11, B01, Lafa5, and D19, catering to diverse consumer needs [2][3] - The C11 has sold approximately 300,000 units since its launch in 2021, while the B01 has consistently sold over 10,000 units monthly since its release [2] - The D19, positioned as a flagship model, aims to redefine the value standards for full-size SUVs priced around 300,000 yuan [2] Global Expansion - In Q3 2025, Leapmotor exported 17,397 vehicles, leading the new energy vehicle sector in overseas sales, with a total of 37,772 units exported from January to September [4] - The company has established over 700 sales and service points across approximately 30 international markets, with significant presence in Europe and the Asia-Pacific region [4] - Leapmotor's B10 model debuted in Europe, with over 1,000 orders received in October, and the company is expanding into the South American market with new launches in Brazil [4][5] Service Network and Customer Experience - As of September 30, 2025, Leapmotor's sales and service network covers 292 cities with 866 sales outlets and 493 service centers [6] - The company has implemented a "fast response" service model, improving repair efficiency and parts delivery, with a 30.26% increase in single-store efficiency [6] - Leapmotor has launched a circular manufacturing center to promote resource reuse and reduce carbon emissions, aligning with national carbon neutrality goals [7]