Movement Alert|Leapmotor Auto Falls 3.04% in Regular Trading, Auto Sector Collectively Weakens Amid Annual Target and Profitability Concerns

Market Focus07-09

On July 9, Leapmotor Auto declined 3.04% in regular trading, trading at 35.76 HKD/share, with turnover of 71.73 million HKD.

The decline was driven by broad-based weakness across the automobile manufacturing sector, with BYD down 1.4%, XPeng down 3.07%, Geely down 4.11%, Li Auto down 2.23%, and NIO down 2.98%, amplifying selling pressure on individual stocks.

On the fundamental side, the company delivered approximately 356,000 vehicles in H1, completing only 35.6% of its full-year 1 million unit target. Achieving the remainder requires average monthly deliveries exceeding 107,000 units in H2. Additionally, Q1 gross margin dropped sharply from 14.5% to 9.4% with a net loss of 390 million RMB, raising concerns over earnings sustainability. These multiple headwinds continue to weigh on the near-term valuation despite the company's strong June delivery of 93,376 units and recent insider purchases totaling approximately HK$900 million over the past six months.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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