Zhejiang Leapmotor Technology (9863) swung to a net profit of 538.4 million yuan (HK$611.3 million) in 2025, compared with the 2.82 billion yuan loss the year before, becoming the second Chinese emerging auto company to achieve full-year profitability after Li Auto.
Its revenue surged 101.3 percent year-on-year to 64.73 billion yuan.
It delivered 596,555 units in 2025, surging 103.1 percent, achieving a doubling of sales for two consecutive years.
Leapmotor's export volume reached 67,052 units last year, while its cumulative exports exceeded 100,000 units for the first two months in 2026.