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Zhejiang Leapmotor Technology Co Ltd

SEHK:9863

China / Consumer Discretionary / Automobiles

Overview

5Y Historical Financials

Stock Price

57.00 HKD


Key Metrics	Latest
Total Revenue	32.164 B
Adjusted EBITDA	-2.64 B
EBITDA Margin	-8.2%
Net Profit Margin	-9.1%
Total Assets	37.647 B
Total Debt	2.707 B

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Revenue	631.30	3,132.06	12,384.63	16,746.69	32,164.18	32,164.18	16,746.69	32,164.18
% Growth		3.96	2.95	0.35	0.92			0.92

Adjusted EBITDA	(729.67)	(2,709.66)	(4,934.25)	(3,966.78)	(2,639.66)	(2,639.66)	(3,966.78)	(2,639.66)
% Margin	(1.16)	(0.87)	(0.40)	(0.24)	(0.08)	(0.08)	(0.24)	(0.08)

Adjusted EBIT	(881.52)	(2,889.83)	(5,197.55)	(4,402.47)	(3,310.36)	(3,310.36)	(4,402.47)	(3,310.36)
% Margin	(1.40)	(0.92)	(0.42)	(0.26)	(0.10)	(0.10)	(0.26)	(0.10)

Adjusted Net Income	(1,109.05)	(2,861.73)	(5,126.49)	(4,248.16)	(2,926.57)	(2,926.57)	(4,248.16)	(2,926.57)
% Margin	(1.76)	(0.91)	(0.41)	(0.25)	(0.09)	(0.09)	(0.25)	(0.09)

Adjusted Basic EPS	(3.02)	(3.04)	(4.90)	(3.65)	(2.19)	(2.19)	(3.65)	(2.19)

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Press Release
CNY	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	631	3,132	12,385	16,747	32,164	32,164	16,747	32,164
% Growth	NA	396.1%	295.4%	35.2%	92.1%			92.1%

Cost of Revenue	(951)	(4,520)	(14,296)	(16,666)	(29,470)	(29,470)	(16,666)	(29,470)
Gross Profit	(320)	(1,388)	(1,911)	80	2,694	2,694	80	2,694
% Revenue	-50.6%	-44.3%	-15.4%	0.5%	8.4%	8.4%	0.5%	8.4%

Research and Development	(289)	(740)	(1,411)	(1,920)	(2,896)	(2,896)	(1,920)	(2,896)
Selling and Marketing	(155)	(428)	(1,114)	(1,795)	(2,138)	(2,138)	(1,795)	(2,138)
General and Admin	(184)	(399)	(843)	(858)	(1,137)	(1,137)	(858)	(1,137)
Other Inc / (Exp)	77	86	64	119	348	348	119	348
Total Operating Exp	(551)	(1,480)	(3,304)	(4,454)	(5,824)	(5,824)	(4,454)	(5,824)

Operating Income	(871)	(2,868)	(5,215)	(4,373)	(3,129)	(3,129)	(4,373)	(3,129)
% Revenue	-138.0%	-91.6%	-42.1%	-26.1%	-9.7%	-9.7%	-26.1%	-9.7%

Interest Expense	(229)	22	106	157	309	309	157	309
Pre-tax Income	(1,100)	(2,846)	(5,109)	(4,216)	(2,821)	(2,821)	(4,216)	(2,821)
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	0	0	(0)	(0)	(0)	(0)	(0)	(0)
Net Income to Company	(1,100)	(2,846)	(5,109)	(4,216)	(2,821)	(2,821)	(4,216)	(2,821)
% Margin	-174.3%	-90.9%	-41.3%	-25.2%	-8.8%	-8.8%	-25.2%	-8.8%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	(1,100)	(2,846)	(5,109)	(4,216)	(2,821)	(2,821)	(4,216)	(2,821)

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	(1,100)	(2,846)	(5,109)	(4,216)	(2,821)	(2,821)	(4,216)	(2,821)
% Margin	-174.3%	-90.9%	-41.3%	-25.2%	-8.8%	-8.8%	-25.2%	-8.8%

As Reported
Basic EPS (Continuing Ops)	(2.99)	(3.03)	(4.89)	(3.62)	(2.11)	(2.11)	(3.62)	(2.11)
Diluted EPS (Continuing Ops)	(2.99)	(3.03)	(4.89)	(3.62)	(2.11)	(2.11)	(3.62)	(2.11)

WA Basic Shares Out.	367.67	940.09	1,045.22	1,164.53	1,336.97	1,336.97	1,164.53	1,336.97
WA Diluted Shares Out.	367.67	940.09	1,045.22	1,164.53	1,336.97	1,336.97	1,164.53	1,336.97

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	(1,100)	(2,846)	(5,109)	(4,216)	(2,821)	(2,821)	(4,216)	(2,821)
Addback: Net Interest Expense	229	(22)	(106)	(157)	(309)	(309)	(157)	(309)
Addback: Other Non Operating Expenses, Total	2	(0)	41	14	(38)	(38)	14	(38)
Addback: Depreciation & Amortization	152	180	263	436	671	671	436	671
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	(2)	(22)	(22)	(44)	(187)	(187)	(44)	(187)
Addback: Gain (Loss) On Sale Of Assets	(10)	1	(2)	1	44	44	1	44
Addback: Asset Writedown	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	0
Adjusted EBITDA	(730)	(2,710)	(4,934)	(3,967)	(2,640)	(2,640)	(3,967)	(2,640)
% Margin	-115.6%	-86.5%	-39.8%	-23.7%	-8.2%	-8.2%	-23.7%	-8.2%

Adjusted EBIT	(882)	(2,890)	(5,198)	(4,402)	(3,310)	(3,310)	(4,402)	(3,310)
% Margin	-139.6%	-92.3%	-42.0%	-26.3%	-10.3%	-10.3%	-26.3%	-10.3%

Adjusted Net Income Reconciliation
Net Income to Company	(1,100)	(2,846)	(5,109)	(4,216)	(2,821)	(2,821)	(4,216)	(2,821)
Addback: Unusual Items	(12)	(22)	(24)	(43)	(143)	(143)	(43)	(143)
Less: Tax Benefit of Unusual Items (26%)	3	6	6	11	37	37	11	37
Adjusted Net Income	(1,109)	(2,862)	(5,126)	(4,248)	(2,927)	(2,927)	(4,248)	(2,927)
% Margin	-175.7%	-91.4%	-41.4%	-25.4%	-9.1%	-9.1%	-25.4%	-9.1%

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Zhejiang Leapmotor Technology Co Ltd

SEHK:9863

China / Consumer Discretionary / Automobiles

5Y Historical Financials