Zhejiang Leapmotor slips to near 7-month low after quarterly results

Zhejiang Leapmotor Technology Co

18/11/2025 03:37

** Shares of Chinese electric vehicle maker Zhejiang Leapmotor Technology 9863.HK fall 6.7% to HK$51.15, their lowest level since April 28

** Stock on course for a fifth consecutive session of declines, if losses hold

** Stock marks its biggest intraday pct drop since May 26, and is sixth-biggest pct loser in the Hang Seng Automobile Index .HSAMI, which is down 3.4%

** Leapmotor says its third-quarter net profit attributable to the equity holders amounts to 150 million yuan ($21.1 million), from a net loss of 690 million yuan last year, with revenue up 97.3% y/y

** UBS, with "neutral" rating on the stock, says Leapmotor's quarterly results are below expectation with net profit miss, and 9-month net profit reached only 23%-25% of full-year consensus and UBS estimate, which may trigger downward consensus forecast revisions

** YTD, stock up 62.2, Hang Seng Tech Index .HSTECH up 27.3%

($1 = 7.1082 Chinese yuan)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))