LEAPMOTOR(HK:09863) Zhi Tong Cai Jing·2026-01-06 07:02Core Viewpoint - Leap Motor (09863) has seen a significant stock increase of over 5%, currently trading at HKD 50.45, with a transaction volume of HKD 494 million [1] Group 1: Store Expansion - Leap Motor has opened 85 new stores recently, bringing the total number of stores to 1,068 as of January 4, 2026, establishing a broad and synergistic sales service network [1] Group 2: Strategic Partnerships - In December 2025, Leap Motor entered a strategic partnership with China FAW Group, with FAW investing HKD 3.744 billion at a premium [1] Group 3: Financial Performance - Huatai Securities reported that Leap Motor has completed a comprehensive self-research and platform construction over the past decade, achieving nearly 600,000 vehicle sales last year and is on track for its first annual profit [1] - The company aims for a sales target of 1 million vehicles this year and a long-term goal of 4 million vehicles [1] Group 4: Future Outlook - From 2025 to 2027, Leap Motor is expected to enter a new global vehicle cycle, with strategic partnerships contributing to incremental growth, leading to rapid revenue growth and a profitability turning point [1]