Leapmotor's 2024 annual performance report shows net profit turns positive

Leapmotor recently released its 2024 annual financial report. The company's operating income reached 32.16 billion yuan, with a gross profit margin of 8.4%. At the same time, the company achieved a double positive operating cash flow and free cash flow, and had sufficient funds on hand, reaching 20.42 billion yuan. In terms of sales, Leapmotor delivered 293,724 new vehicles throughout the year, exceeding its annual target. Especially in the fourth quarter of 2024, Leapmotor's average monthly deliveries exceeded 40,000 vehicles, and its gross profit margin reached 13.3%, setting a new high for a single quarter, and achieved the goal of turning a single-quarter net profit positive one year ahead of schedule, creating a profit of 80 million yuan, becoming the second profitable company among the new forces in domestic car manufacturing.