Leapmotor Financial Report: In 2024, Leapmotor will deliver 144,155 vehicles in the whole year, an increase of nearly 30% year-on-year

Leapmotor released its "2023 Annual Financial Report", the following is the core content. The financial report pointed out that Leapmotor's annual revenue and delivery volume in 2023 hit new highs: 144,155 vehicles were delivered throughout the year, a year-on-year increase of nearly 30% ; the annual revenue was 16.75 billion yuan, a year-on-year increase of 35.2%; Leapmotor C series accounted for more than 73%, among which Leapmotor C11 once had monthly sales of more than 10,000.

In 2023, 105,701 C-series models (C11, C01) will be delivered in 2023, accounting for more than 73% of the total annual deliveries, compared with 44.3% in 2022. The product structure continues to improve.

In terms of gross profit margin, in addition to achieving the goal of turning gross profit margin positive ahead of schedule in the third quarter of 2023, this is due to unique technological cost reduction capabilities, continuous improvement in product structure and continuous cost reduction and efficiency improvement.

In 2023, Leapmotor achieved a positive full-year gross profit margin of 0.5% for the first time . If the same caliber is used as for new forces, rebates to dealer channels need to be added back. The adjusted full-year gross profit has reached 11.6%.

In terms of cash flow, in 2023, Leapmotor's net cash generated from operating activities continued to flow in, with net cash from operating activities reaching 1.08 billion yuan, and ample cash on hand reaching 19.39 billion yuan , maintaining its asset-liability structure at a healthy level.

Zikuai Technology