BUZZ-China's Leapmotor scales over 1-1/2-year peak on swinging to Q4 profit

Reuters
03-11
BUZZ-China's Leapmotor scales over 1-1/2-year peak on swinging to Q4 profit

** Zhejiang Leapmotor Technology 9863.HK soars 10.2% to HK$45.75, highest since August 2023

** Chinese new energy vehicles maker posts positive net profit of 80 million yuan ($11.04 million) in Q4

** Says co recorded positive net profit for single quarter one year ahead of target

** Net loss attributable for 2024 narrows to 2.82 bln yuan from year-ago 4.22 bln yuan

** Rev up 92% y/y; total delivery of vehicles up 103.8% y/y

** Stock up 36.1% YTD

($1 = 7.2450 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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