Leapmotor's losses in four years reached 9.576 billion yuan

According to data, from 2019 to 2022, Leapmotor's operating losses were 730 million yuan, 869 million yuan, 2.868 billion yuan and 5.109 billion yuan respectively, with a total loss of 9.576 billion yuan in four years. However, the third quarter financial report of 2023 showed that Leapmotor's sales revenue increased by 31.9% year-on-year, its net loss narrowed both year-on-year and quarter-on-quarter, and its gross profit margin turned positive for the first time, reaching 1.2%.