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Zhejiang Leapmotor Technology Co., Ltd. Class H
(9863)
Zhejiang Leapmotor Technology Co., Ltd. Class H (9863) vs. iShares MSCI Hong Kong ETF (EWH)
Zhejiang Leapmotor Technology Co., Ltd. Class H Business Overview & Revenue Model
Zhejiang Leapmotor Technology Co., Ltd. Class H Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.57B | 32.16B | 16.75B | 12.38B | 3.13B | 631.30M |
| Gross Profit | 6.02B | 2.69B | 80.47M | -2.37B | -1.76B | -413.43M |
| EBITDA | -299.18M | -2.64B | -3.54B | -4.93B | -2.71B | -729.67M |
| Net Income | -576.03M | -2.82B | -4.22B | -5.11B | -2.85B | -1.10B |
Balance Sheet | ||||||
| Total Assets | 46.29B | 37.65B | 28.45B | 19.27B | 12.53B | 3.27B |
| Cash, Cash Equivalents and Short-Term Investments | 18.64B | 20.72B | 15.47B | 7.96B | 5.60B | 176.85M |
| Total Debt | 3.04B | 2.71B | 2.75B | 2.21B | 915.11M | 2.43B |
| Total Liabilities | 33.28B | 27.58B | 15.96B | 11.01B | 5.30B | 3.83B |
| Stockholders Equity | 13.01B | 10.07B | 12.50B | 8.26B | 7.23B | -667.75M |
Cash Flow | ||||||
| Free Cash Flow | 7.73B | 6.37B | -312.89M | -3.93B | -2.70B | -844.25M |
| Operating Cash Flow | 11.06B | 8.47B | 1.08B | -2.28B | -862.12M | -481.98M |
| Investing Cash Flow | -16.34B | -13.32B | -4.86B | -1.29B | -3.00B | -296.73M |
| Financing Cash Flow | 2.55B | -503.45M | 8.55B | 6.36B | 8.26B | 923.83M |
Zhejiang Leapmotor Technology Co., Ltd. Class H Technical Analysis
Zhejiang Leapmotor Technology Co., Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$188.34B | 10.47 | 13.04% | 3.41% | 7.93% | -12.94% | |
72 Outperform | HK$190.83B | 9.73 | 17.60% | 1.95% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$134.84B | 28.39 | 7.01% | ― | -10.21% | -54.95% | |
53 Neutral | HK$148.91B | -48.74 | -9.03% | ― | 86.21% | 51.50% | |
49 Neutral | HK$70.29B | -104.01 | -4.91% | ― | 139.96% | 86.04% | |
39 Underperform | HK$84.35B | -3.32 | -297.21% | ― | 14.73% | 2.81% |
Zhejiang Leapmotor Technology Co., Ltd. Class H Corporate Events
Zhejiang Leapmotor Technology announced that Ningbo Jinghang Enterprise Management L.P., the company’s employee incentive plan platform, has had 4,138,950 H shares released from lock-up and these shares may be sold in the secondary market at appropriate times at the request of participating employees. After this reduction, founder Zhu Jiangming, major shareholder Fu Liquan and their shareholder group will together hold 204,961,588 H shares and 128,517,839 domestic shares, representing 23.45% of the company’s issued share capital, and the company stressed that these sales are personal actions that do not affect the founder group’s previously pledged 10‑year voluntary lock-up, signaling continued long-term commitment while potentially increasing free float and liquidity for investors.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$53.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology has agreed to issue 74,832,245 new domestic shares to FAW Equity at RMB50.03 per share under its existing general mandate, representing about 20.47% of its enlarged domestic share capital and 5.00% of its enlarged total share capital. The subscription is priced at a premium to recent H‑share market prices and is expected to raise gross proceeds of approximately RMB3.74 billion, which will be allocated mainly to research and development, with the remainder earmarked for working capital, general corporate purposes, and expansion of the sales and service network to bolster brand awareness. In connection with the new issuance, the company plans to amend its Articles of Association to reflect the increased share capital and updated registered capital, subject to shareholder approval and completion of the subscription, signalling a capital-raising move aimed at funding growth and reinforcing its position in China’s competitive EV industry.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$53.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology has signed a 2026 Components Procurement Framework Agreement with connected party Hirige Technology, under which it will continue to source various camera and radar assemblies on a subscription basis throughout 2026, with pricing set via fixed unit prices determined on an arm’s-length basis and benchmarked against quotations from at least two independent suppliers. Separately, its wholly owned subsidiary ZLPSS has entered into a Brand Development & Market Insights Service Agreement with LPMIB, a subsidiary of another connected entity, to support the internationalisation of the Leapmotor brand; both transactions are classified as connected transactions under Hong Kong listing rules, triggering reporting, announcement and annual review requirements but remaining exempt from independent shareholder approval due to their relatively small size, signalling ongoing efforts to secure critical components and build brand strength overseas while maintaining regulatory compliance.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$53.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. announced an increase in shareholding by key shareholders, including the chairperson and CEO, Mr. Zhu Jiangming, and shareholder Mr. Fu Liquan. They purchased a total of 2,150,600 H shares, reflecting strong confidence in the company’s future development and commitment to its sustainable growth. This move consolidates their position within the company, with the Single Largest Shareholders Group now holding 23.75% of the total issued shares. The transaction aligns with relevant laws and regulations, underscoring the company’s stable market positioning and potential for future growth.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$53.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement underscores the company’s commitment to strong governance and strategic leadership, which is crucial for its continued growth and competitive positioning in the electric vehicle industry.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$53.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. held an extraordinary general meeting on December 8, 2025, where all proposed resolutions were approved. Key decisions included the removal and election of non-executive directors, an increase in the company’s credit line, and the approval of a share option scheme. These resolutions are expected to enhance the company’s governance and financial flexibility, potentially strengthening its market position and offering new opportunities for stakeholders.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$53.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. announced its inclusion as a constituent stock of the Hang Seng TECH Index, effective December 8, 2025. This inclusion is seen as a significant recognition of the company’s technological innovation and market performance, expected to broaden its investor base and enhance trading liquidity, thereby strengthening its brand influence.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$48.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. has announced an extraordinary general meeting to discuss several key resolutions, including changes in its board of directors and financial strategies. The meeting will address the removal of Mr. Douglas Ostermann and the election of Mr. Davide Mele as non-executive directors, an increase in the company’s credit line, and the adoption of a new 2025 Share Option Scheme. These decisions are expected to impact the company’s governance and financial flexibility, potentially enhancing its strategic positioning in the market.
The most recent analyst rating on (HK:9863) stock is a Buy with a HK$73.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. has announced revisions to its annual caps for the New Product Purchase and Sale Framework Agreement with Hyxi Technology, effective for 2025 and 2026. Additionally, the company has entered into a new framework agreement with Hangzhou Poer for the purchase of supporting products like charging piles and guns. These agreements are part of the company’s ongoing connected transactions, which are subject to certain reporting and review requirements under the Hong Kong Listing Rules, reflecting the company’s strategic efforts to enhance its product offerings and operational capabilities.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$57.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. has announced a proposed change in its board of directors, with Stellantis nominating Mr. Davide Mele to replace Mr. Douglas Ostermann as a non-executive director. This change is subject to shareholder approval and reflects Stellantis’ influence as a shareholder. Additionally, the company plans to amend its Articles of Association following an increase in registered capital due to the exercise of options under its pre-IPO share option scheme, aligning with recent regulatory updates in China.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$57.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. announced its unaudited financial results for Q3 2025, showcasing a significant turnaround with a net profit of RMB150 million compared to a net loss in the same period last year. The company achieved a remarkable year-on-year revenue increase of 97.3%, driven by a surge in vehicle deliveries and improved profitability. With sales volume reaching 173,852 units in Q3 and surpassing 70,000 units in October, Leapmotor has maintained its position as the top emerging auto brand in China. The company’s strategic optimization of its product portfolio and effective cost management have contributed to a higher gross margin and robust cash flow, positioning it strongly in the competitive electric vehicle market.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$57.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. has announced a board meeting scheduled for November 17, 2025, to approve and publish its third-quarter results for the period ending September 30, 2025. The company will also host a conference call on the same day to discuss these results, providing investors an opportunity to engage and ask questions, reflecting its commitment to transparency and investor relations.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$57.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
Zhejiang Leapmotor Technology Co., Ltd. announced an increase in shareholding by key shareholders, including Mr. Zhu Jiangming and Mr. Fu Liquan, who collectively purchased 3,243,500 H Shares at an average price of HK$63.19 per share. This move signifies strong confidence in the company’s future development and aims to safeguard public investors’ interests. The shareholders now hold a significant portion of the company’s shares, representing 23.59% of the total issued shares, which could impact the company’s market positioning and investor confidence.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$66.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.