Zhejiang Leapmotor Technology (HKG:9863) achieved a positive net profit in the fourth quarter of 2024, according to a Monday filing with the Hong Kong Bourse.

The company attributed the positive net profit to the company's sustained growth in sales volume, with a monthly average of 40,000 units, and the company's optimized product mix, with over 77% of sales from higher-priced C series models, while maintaining effective cost control.

The new energy vehicle manufacturers plan to publish its annual results in March.

The company's shares were up 13% in the recent trading.