LEAPMOTOR's Interim Profit Surges 531% as Deliveries Hit Record High

Stock News08-24 18:08

LEAPMOTOR (09863) has announced its interim results for the six months ended June 30, 2026, reporting a significant surge in profitability. The company recorded revenue of RMB 38.107 billion, representing a year-on-year increase of 57.14%, while profit attributable to equity holders of the company reached RMB 208 million, up 530.97% compared to the same period last year. Earnings per share stood at RMB 0.15.

During the first half of 2026, the company's total vehicle deliveries reached 356,487 units, marking a 60.8% increase from the 221,664 units delivered in the corresponding period of 2025. This performance positioned LEAPMOTOR at the top of China's new energy vehicle startup brands in terms of sales volume.

In July 2026, the company's sales momentum continued to accelerate, with monthly deliveries soaring to a record 101,267 units, a 102.0% year-on-year increase. This achievement marked the first time the company's monthly deliveries surpassed the 100,000-unit milestone, making it the first new energy vehicle startup brand in China to reach this significant threshold. Notably, this information was repeated in the original announcement, highlighting its importance to the company's narrative.

Based on comparable terminal registration data for the first five months of the year, LEAPMOTOR ranked fourth globally among new energy passenger vehicle brands. The company's export volume for the first half of 2026 totaled 96,294 units, a substantial 372.6% increase year-on-year, already surpassing its total export volume for the entire year of 2025. Exports accounted for 27.0% of total sales during the period.

In July 2026, the company exported 17,569 units, underscoring that overseas markets have become a crucial second growth engine for the business. As of the end of July 2026, LEAPMOTOR's cumulative global deliveries have surpassed 1.6 million vehicles.

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