LEAPMOTOR (09863.HK): 2026 interim results — profit attributable to shareholders of RMB 208 million, up 530.97% year-on-year

NewTimeSpace News: On 24 August 2026, LEAPMOTOR (09863.HK) announced its 2026 interim results, with total revenue of RMB 38.107 billion, up 57.14% year-on-year; net profit of RMB 208 million, up 530.97% year-on-year; profit attributable to shareholders of RMB 208 million, up 530.97% year-on-year; and earnings per share of RMB 0.15.

In terms of profitability, gross profit changed from RMB 3.426 billion in the corresponding period of last year to RMB 4.445 billion in the current period, an increase of RMB 1.02 billion; gross margin changed from 14.13% to 11.67%, down 2.46 percentage points; net profit changed from RMB 33.03 million to RMB 208 million, an increase of RMB 175 million; net margin changed from 0.14% to 0.55%, up 0.41 percentage points.

In terms of earnings quality, operating profit changed from a loss of RMB 88.63 million to a profit of RMB 128 million, an increase of RMB 217 million; operating margin changed from -0.37% to 0.34%, up 0.7 percentage points; net cash generated from operating activities changed from an inflow of RMB 2.858 billion to an inflow of RMB 2.17 billion, a decrease of RMB 688 million; the ratio of operating cash flow to total revenue changed from 11.79% to 5.7%, down 6.09 percentage points.

In terms of financial soundness, the debt-to-asset ratio changed from 71.9% to 81.63%, up 9.73 percentage points; total equity changed from RMB 13.008 billion to RMB 14.357 billion, an increase of RMB 1.349 billion; cash and cash equivalents changed from RMB 6.465 billion to RMB 11.925 billion, an increase of RMB 5.46 billion; current liabilities changed from RMB 30.159 billion to RMB 58.302 billion, an increase of RMB 28.143 billion; the quick ratio changed from 0.83 to 0.71, down 0.12.

In terms of R&D investment, R&D expenses changed from RMB 1.894 billion to RMB 2.317 billion, an increase of RMB 422 million; R&D as a percentage of total revenue changed from 7.81% to 6.08%, down 1.73 percentage points.

As of the close of 24 August 2026, LEAPMOTOR shares rose 0.05% to HKD 42.76, with a full-day turnover of HKD 324 million on noticeably higher volume, and a latest market capitalization of HKD 48.364 billion.