On November 17, Leapmotor (09863.HK) disclosed that for the third quarter of 2025, it posted a net profit of 150 million yuan. Over the first three quarters of the year, the cumulative net profit stood at 180 million yuan.

The company's revenue for this quarter soared to 19.45 billion yuan, marking a substantial 97.3% jump compared to the corresponding period in 2024. When it comes to the gross margin, the third quarter of 2025 recorded a rate of 14.5%, which is 0.9 percentage points higher than that in the second quarter.

In terms of vehicle delivery volume, Leapmotor delivered a total of 173,900 vehicles in the third quarter of 2025. In October alone, it achieved a remarkable new record, with 70,289 vehicles delivered. This outstanding performance enabled Leapmotor to claim the top position on China's new energy vehicle brand sales list for eight consecutive months. Moreover, it became the sole Chinese new energy vehicle brand to surpass 70,000 monthly deliveries.