Leapmotor's 2024 first-half financial report released

Leapmotor released its financial report for the first half of 2024. In the first half of 2024, Leapmotor's operating income was RMB 8.85 billion, a year-on-year increase of 52.2%, ranking among the top new forces in terms of growth rate; 86,696 vehicles were delivered, a year-on-year increase of 94.8%, setting a record high for the first half of the year; in terms of gross profit margin, thanks to the scale effect brought by the increase in sales and continuous cost control, the gross profit margin in the first half of the year was 1.1%, a significant improvement year-on-year, and the gross profit margin in the second quarter improved to 2.8%, and it is expected that the gross profit margin will perform better in the second half of the year; Leapmotor's net cash generated from operating activities continued to flow in, and the net cash inflow from operating activities in 2024 reached 270 million yuan, with sufficient funds on hand reaching 16.49 billion yuan, and the asset-liability structure maintained a healthy level.