Zhejiang Leapmotor Technology Co., Ltd. (09863.HK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	64.7B	64.7B	32.2B	16.7B	12.4B
Cost of Revenue	55.3B	55.3B	29.5B	16.7B	16.8B
Gross Profit	9.4B	9.4B	2.7B	80.5M	(2.4B)
Operating Expenses
R&D Expense	4.3B	4.2B	2.9B	1.9B	1.4B
SG&A Expense	5.6B	5.6B	3.3B	2.7B	2.0B
General & Admin Expense	1.9B	1.9B	1.1B	857.5M	842.1M
Selling & Marketing Expense	3.7B	3.7B	2.1B	1.8B	1.1B
Other Expenses	(679.6M)	(453.6M)	(306.2M)	(114.6M)	(50.8M)
Total Operating Expenses	9.2B	9.3B	5.9B	4.5B	3.3B
Cost and Expenses	64.6B	64.6B	35.3B	21.1B	17.6B
Operating Income (EBIT)	177.4M	88.9M	(3.2B)	(4.4B)	(5.2B)
Non-Operating
Interest Income	110.4M	389.3M	348.2M	229.4M	143.3M
Interest Expense	—	103.2M	39.5M	72.2M	37.0M
Net Interest Income	293.7M	286.1M	308.7M	157.1M	106.3M
Other Non-Op Income/Expense	361.0M	449.5M	350.4M	161.2M	118.0M
Non-Operating Income (excl Interest)	92.7M	—	139.3M	(233.4M)	(29.3M)
EBT (Pre-Tax Income)	538.4M	538.4M	(2.8B)	(4.2B)	(5.1B)
Income Tax Expense	14.0K	—	80.0K	76.0K	48.0K
Bottom Line
Net Income	538.4M	524.5M	(2.8B)	(4.2B)	(5.1B)
Earnings from Cont. Ops	538.4M	524.5M	(2.8B)	(4.2B)	(5.1B)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	538.4M	524.5M	(2.8B)	(4.2B)	(5.1B)
Per Share
Basic EPS	HK$0.38	HK$0.38	(HK$2.11)	(HK$3.62)	(HK$4.89)
Diluted EPS	HK$0.38	HK$0.38	(HK$2.11)	(HK$3.62)	(HK$4.89)
Revenue Per Share	HK$45.31	HK$46.58	HK$24.06	HK$14.38	HK$10.84
Shares
Basic Shares Outstanding	1.4B	1.4B	1.3B	1.2B	1.1B
Diluted Shares Outstanding	1.4B	1.4B	1.3B	1.2B	1.1B
Profitability Metrics
EBITDA	1.1B	655.4M	(2.6B)	(3.5B)	(4.9B)
D&A	1.0B	1.1B	670.7M	601.2M	263.3M
EBIT	84.7M	(489.0M)	(3.3B)	(4.1B)	(5.2B)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2025