LEAPMOTOR(HK:09863) 第一财经·2025-09-26 12:13Core Viewpoint - Zhejiang Leapmotor Technology Co., Ltd. (Leapmotor) and its wholly-owned subsidiary, Lingpao Automobile Trading Co., Ltd., have been listed as dishonest executors by the Guangzhou Baiyun District People's Court due to failure to fulfill a legal obligation to pay a total of 3.618 million yuan to Guangzhou Shouqi Automobile Service Co., Ltd. [2][3][4] Group 1: Legal Issues - Leapmotor and Lingpao Automobile Trading owe a total of 3.618 million yuan, which includes 416,000 yuan in rent, 2.7157 million yuan in vehicle purchase payments, 446,385.25 yuan in overdue payment penalties, and 4,000 yuan in legal fees [4][5] - The court has confirmed that Leapmotor is jointly liable for the debt of Lingpao Automobile Trading, and both companies must assist in transferring the registration of 73 vehicles to Lingpao within three months after payment [5][6] - The execution case was filed on June 17, 2025, and the companies have not fulfilled their obligations, leading to their designation as dishonest executors [3][5] Group 2: Financial Performance - In the first half of 2025, Leapmotor achieved revenue of 24.25 billion yuan, a year-on-year increase of 174%, and reported a net profit of 30 million yuan, marking a turnaround from a net loss of 2.21 billion yuan in the same period last year [7] - Leapmotor has adjusted its annual sales guidance from 500,000-600,000 units to 580,000-650,000 units, with a target of reaching 1 million units in sales by 2026 [7]