LEAPMOTOR (09863) has released its unaudited financial results for the first quarter of 2026. Revenue for Q1 2026 reached RMB 10.82 billion, representing a year-on-year increase of 8.0%. This revenue growth was primarily driven by an increase in vehicle and spare parts deliveries, partially offset by a decrease in average selling price due to changes in the vehicle product mix.

The company's operating activities generated a net cash outflow of RMB 6.61 billion for Q1 2026, with free cash flow at a negative RMB 7.40 billion.

The company maintains ample liquidity. As of March 31, 2026, the combined balance of cash and cash equivalents, restricted cash, financial assets at fair value through profit or loss, and bank time deposits amounted to RMB 30.63 billion.

Vehicle deliveries for Q1 2026 totaled 110,200 units, a year-on-year increase of 25.8%. Notably, overseas deliveries for the quarter reached a record high of 40,900 units, accounting for 37.1% of total Q1 deliveries. With the synergistic efforts of its full ABCD model lineup, the company achieved a new monthly delivery record for new energy vehicle brands in April, with 71,400 units delivered, securing the top spot among new energy vehicle brands. This represents a year-on-year increase of 73.9% for April. Overseas deliveries in April were 14,200 units, accounting for 19.9% of the month's total.