股价大涨近13%，零跑汽车一天市值大增81亿元！3月交付量超3.7万台，去年四季度净利润已转正

Core Viewpoint - The Hong Kong automotive stocks experienced a general increase, with significant gains observed in several companies, particularly in the context of their recent delivery performance and financial results [1][2][3]. Group 1: Stock Performance - Geely Automobile rose over 4%, while Li Auto and NIO saw increases of over 1% [2]. - Leap Motor surged by 12.98%, reaching a historical high, with its stock price increasing over 70% year-to-date, adding approximately 87.57 billion HKD (around 81.84 million RMB) to its market capitalization [3]. Group 2: Delivery Performance - NIO reported a delivery of 15,039 vehicles in March 2025, marking a year-on-year increase of 26.7%, with a total of 42,094 vehicles delivered in Q1 2025, up 40.1% year-on-year [6]. - XPeng Motors delivered 33,205 vehicles in March 2025, a remarkable year-on-year growth of 268%, achieving a record of over 30,000 deliveries for five consecutive months [7]. - Li Auto delivered 36,674 vehicles in March 2025, reflecting a year-on-year increase of 26.5%, with a total of 92,864 vehicles delivered in Q1 2025, up 15.5% year-on-year [7]. - Leap Motor achieved a delivery volume of 37,095 vehicles in March, representing a year-on-year growth of over 154% [7]. Group 3: Financial Results - Leap Motor reported a revenue of 32.164 billion RMB for the year, a significant increase of 92.06%, and achieved a net profit of 0.8 billion RMB in Q4, becoming the second new force in car manufacturing to achieve quarterly profitability [10]. - The CEO of Leap Motor indicated that the application of the LEAP 3.5 technology architecture has further reduced costs, contributing to the company's profitability [10]. - Jianyin International maintained a "outperform" rating for Leap Motor, raising the target price from 46.1 HKD to 73.2 HKD, while Citigroup also maintained a "buy" rating, increasing the target price from 50.1 HKD to 74.2 HKD [10].