LEAPMOTOR(HK:09863) Zhong Guo Jing Ying Bao·2025-06-21 23:55Core Viewpoint - Leap Motor is accelerating its globalization strategy with the goal of achieving annual sales of one million vehicles, having recently opened its 1500th store globally and launched its products in the Hong Kong market [1][2][3] Group 1: Global Expansion - Leap Motor has reached a milestone of 1500 global stores, with the first experience center in Hong Kong officially opening on June 11 [2] - The company plans to establish two experience centers in Hong Kong by the end of 2025, enhancing its global presence and local adaptation strategy [2][3] - Leap Motor has expanded its market reach to over 24 international markets, establishing more than 600 sales and service outlets [3] Group 2: Sales Performance - In the first five months of 2025, Leap Motor exported over 17,200 vehicles, ranking first among Chinese new energy brands [3] - The company anticipates conservative overseas sales of 50,000 to 80,000 vehicles for the year, driven by its growing market presence [3][4] - Leap Motor reported revenue exceeding 10 billion yuan (approximately 1.4 billion USD) in the first quarter, a year-on-year increase of 187.1%, with a gross margin of 14.9% [4] Group 3: Profitability Goals - Leap Motor aims to achieve profitability in 2025 by controlling costs and ensuring timely product delivery [3][4] - The company is targeting annual sales of 500,000 to 600,000 vehicles to leverage economies of scale for profitability [4] - Leap Motor maintains a cash reserve of 28 billion yuan (approximately 3.9 billion USD) as of the end of the first quarter, supporting its operational and growth strategies [4]