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Zhejiang Leapmotor Technology Co., Ltd. Class H (9863) AI Stock Analysis
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Zhejiang Leapmotor Technology Co., Ltd. Class H
(HKEX:9863)
The score is primarily supported by improving fundamentals and strong operating/free cash flow, alongside manageable leverage. Offsetting this, technical signals remain bearish with the stock below key moving averages and a negative MACD, and valuation appears stretched due to a very high P/E, increasing sensitivity to any margin or growth disappointments.
Zhejiang Leapmotor Technology Co., Ltd. Class H (9863) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 44.39B
- Dividend Yield
- ―
- Average Volume (3M)
- 6.06M
- Price to Earnings (P/E)
- 52.2
- Beta (1Y)
- 1.15
- Revenue Growth
- 70.92%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 31,388
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Auto - Manufacturers
Zhejiang Leapmotor Technology Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Zhejiang Leapmotor Technology Co., Ltd., a company primarily operating within the People's Republic of China, focuses on the innovation, production, and distribution of new energy vehicles. Its diverse lineup of intelligent electric vehicles features...
How the Company Makes Money
Leapmotor primarily makes money by selling vehicles to end customers through its sales channels, generating revenue from the delivery of Leapmotor-branded new energy passenger vehicles (primarily BEVs). In addition to vehicle sales, the company can e...
Zhejiang Leapmotor Technology Co., Ltd. Class H Financial Statement Overview
Summary
Financials show a clear turnaround: TTM results moved into modest profitability with revenue up 9.7% and gross margin stabilizing in the mid-teens. Cash generation is a key strength with positive TTM operating cash flow (~11.9B) and free cash flow (~7.2B), though TTM FCF growth is slightly negative. Balance sheet leverage appears manageable (debt-to-equity ~0.31), but returns remain modest (TTM ROE ~4%) and operating profitability is still thin for a cyclical auto manufacturer.
Income Statement
66PositiveBalance Sheet
63PositiveCash Flow
74Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.59B | 64.73B | 32.16B | 16.75B | 12.38B | 3.13B |
| Gross Profit | 10.43B | 9.41B | 2.69B | 80.47M | -1.91B | -1.39B |
| EBITDA | 1.98B | 687.17M | -2.64B | -3.54B | -4.80B | -2.67B |
| Net Income | 713.77M | 524.46M | -2.82B | -4.22B | -5.11B | -2.85B |
Balance Sheet | ||||||
| Total Assets | 78.17B | 62.85B | 37.65B | 28.45B | 19.27B | 12.53B |
| Cash, Cash Equivalents and Short-Term Investments | 25.84B | 28.19B | 20.72B | 15.47B | 7.96B | 5.60B |
| Total Debt | 4.01B | 4.45B | 2.71B | 2.75B | 2.21B | 915.11M |
| Total Liabilities | 63.81B | 48.72B | 27.58B | 15.96B | 11.01B | 5.30B |
| Stockholders Equity | 14.36B | 14.12B | 10.07B | 12.50B | 8.26B | 7.23B |
Cash Flow | ||||||
| Free Cash Flow | 7.19B | 7.69B | 6.37B | -312.89M | -3.93B | -2.70B |
| Operating Cash Flow | 11.94B | 12.31B | 8.47B | 1.08B | -2.28B | -1.02B |
| Investing Cash Flow | -6.25B | -10.92B | -13.32B | -4.86B | -1.29B | -3.00B |
| Financing Cash Flow | -143.71M | 3.13B | -503.45M | 8.55B | 6.36B | 8.26B |
Zhejiang Leapmotor Technology Co., Ltd. Class H Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9863, the sentiment is Negative. The current price of 31.22 is below the 20-day moving average (MA) of 34.19, below the 50-day MA of 35.91, and below the 200-day MA of 41.04, indicating a bearish trend. The MACD of -1.08 indicates Positive momentum. The RSI at 30.93 is Neutral, neither overbought nor oversold. The STOCH value of 7.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9863.
Zhejiang Leapmotor Technology Co., Ltd. Class H Peers Comparison
Overall Rating
HK:017570Outperform- HK:986356Neutral
HK:986853Neutral
HK:121151Neutral
HK:986650Neutral
HK:201538Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0175 | 70Outperform | HKD 150.15B | 7.63 | 17.21% | 3.61% | 27.19% | 3.59% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:9863 | 56Neutral | HKD 44.39B | 52.19 | 5.01% | ― | 70.92% | ― |
| HK:9868 | 53Neutral | HKD 68.22B | -18.76 | -10.72% | ― | 29.34% | 23.96% |
| HK:1211 | 51Neutral | HKD 719.87B | 23.53 | 13.09% | 0.60% | 0.29% | -15.06% |
| HK:9866 | 50Neutral | HKD 63.32B | -10.29 | -108.58% | ― | 70.16% | 82.65% |
| HK:2015 | 38Underperform | HKD 87.94B | -16.04 | -6.52% | ― | -24.50% | -159.09% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:9863 | Zhejiang Leapmotor Technology Co., Ltd. Class H | 31.22 | -27.38 | -46.72% | |
| HK:1211 | BYD (BYDDF) | 68.25 | -30.38 | -30.80% | |
| HK:0175 | Geely Automobile | 13.84 | -3.47 | -20.05% | |
| HK:2015 | Li Auto, Inc. Class A | 42.86 | -38.04 | -47.02% | |
| HK:9866 | NIO Inc. Class A | 25.26 | -31.64 | -55.61% | |
| HK:9868 | XPeng, Inc. Class A | 35.60 | -55.60 | -60.96% |
Zhejiang Leapmotor Technology Co., Ltd. Class H Corporate Events
Leapmotor Sets RMB250 Million Cap on New Connected Vehicle Sales Deal
ZLPSS, a subsidiary of Zhejiang Leapmotor Technology, has entered into a Vehicle Sales and Services Framework Agreement with connected person Fu Yiqin, under which it will supply Leapmotor-branded vehicles, after-sales spare parts and related service...
Leapmotor Wins CSRC Nod for New Domestic Share Issue to FAW Equity and Jinyi High-tech
Zhejiang Leapmotor Technology has received formal approval from the China Securities Regulatory Commission for the registration of a planned issuance of new domestic shares to specific subscribers. The approved subscription, to be executed under a ge...
Leapmotor Delivers Profit and Record EV Sales as Exports Surge in First Half 2026
Leapmotor reported strong interim results for the six months ended 30 June 2026, with net profit reaching RMB210 million and achieving consecutive half-year profitability. Vehicle deliveries surged 60.8% year-on-year to 356,487 units, making it the t...
Leapmotor Sets August Board Meeting and Investor Call for 2026 Interim Results
Zhejiang Leapmotor Technology Co., Ltd. has scheduled a board meeting for August 24, 2026 to approve and publish its interim results for the six months ended June 30, 2026, and to consider the payment of an interim dividend. The company’s manag...
Leapmotor details new H-share option scheme and caps for 2025
Zhejiang Leapmotor Technology has issued a supplemental announcement to its 2025 annual report detailing a new share option scheme adopted on 8 December 2025 for its H shares. The scheme is designed to recognize and incentivize directors and employee...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 24, 2026