LEAPMOTOR(HK:09863) Xin Lang Cai Jing·2025-10-20 17:26Core Viewpoint - Leap Motor demonstrates strong confidence in its future development by increasing shareholdings, which is expected to stabilize and promote healthy growth for the company [1][5]. Shareholder Actions - Recently, Chairman and CEO Zhu Jiangming and shareholder Fu Liqian purchased a total of 3.2435 million H-shares at an average price of approximately 63.19 HKD per share, increasing their combined holdings to 206,949,938 H-shares and 128,517,839 domestic shares, representing 23.59% of the total shares issued [1][5]. - Zhu Jiangming and Fu Liqian had previously committed not to transfer or reduce their shareholdings for the next ten years, reinforcing investor confidence [5]. - In April 2024, they plan to increase their holdings of H-shares by up to 300 million RMB within six months [5]. Company Performance - Leap Motor, established in December 2015, has a diverse product line including models such as the C11, T03, C16, C10, C01, B10, and B01, covering various segments like sedans, SUVs, and MPVs [7]. - The B and C series models are priced between 100,000 to 200,000 RMB, with new models launched in 2023 expected to drive sales growth [7]. Sales Growth - Leap Motor's sales have surged, with a total of 293,700 vehicles sold last year, marking a 103.8% year-on-year increase, exceeding the target of 250,000 units [9]. - In September, sales reached 66,700 units, a year-on-year increase of over 97%, with cumulative deliveries from January to September totaling 396,000 units, up 129% [9]. - The sales target for this year has been raised from 500,000-600,000 units to 580,000-650,000 units, with a goal to challenge 1 million units in 2024 [10]. Market Reaction - The announcement of share purchases led to a positive market reaction, with Leap Motor's stock price rising over 5% in early trading and closing up 6.19% at 59.15 HKD per share, resulting in a total market capitalization of 84.1 billion HKD [12].