Zhejiang Leapmotor Technology Co., Ltd. logo

Zhejiang Leapmotor Technology Co., Ltd.

9863.HK

HKSEConsumer CyclicalAuto - Manufacturers

Latest quote

HK$42.28

−HK$0.46 · -1.08%

Aug 24, 1:48 PM HKT

9863.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Zhejiang Leapmotor Technology Co., Ltd., a company primarily operating within the People's Republic of China, focuses on the innovation, production, and distribution of new energy vehicles. Its diverse lineup of intelligent electric vehicles features the C01 sedan, the C11 mid-size SUV, the compact T03, and the S01 coupe. Beyond manufacturing automobiles, Leapmotor also provides electronic components for smart EVs, operates electric vehicle charging services, runs car rental activities, and offers comprehensive technical and after-sales support. The enterprise was founded in 2015 and is headquartered in Hangzhou, China.

Industry
Auto - Manufacturers
Sector
Consumer Cyclical
Headquarters
CN
CEO
Jiangming Zhu
Listed since
Sep 29, 2022
Employees
28,785

Market position

Day range

Current HK$42.28

52-week range

Current HK$42.28

Open
HK$42.74
Previous close
HK$42.74
Volume
4.13M
0.42× average
Average volume
9.76M
Average daily volume
Market cap
58.75B HKD
Beta
0.52
Market reference 1
50-day average
HK$37.6576
+12.27% above average
200-day average
HK$44.6709
-5.35% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
50.99B CNY
P/E (TTM)
94.43×
P/B (TTM)
3.68×
P/S (TTM)
0.78×
EV / EBITDA
77.79×
Earnings yield
0.86%
Free cash flow yield
12.67%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
14.54%
Operating margin
0.27%
Net margin
0.83%
Return on equity
3.71%
Return on assets
0.83%
Return on invested capital
0.43%

Financial health

Debt / equity
0.31×
Current ratio
0.93×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends25%-17%-60%-102%Gross margin, FY2021: -56.22%Gross margin, FY2022: -19.15%Gross margin, FY2023: 0.48%Gross margin, FY2024: 8.38%Gross margin, FY2025: 14.54%Operating margin, FY2021: -91.58%Operating margin, FY2022: -42.20%Operating margin, FY2023: -26.14%Operating margin, FY2024: -9.86%Operating margin, FY2025: 0.14%Net margin, FY2021: -90.86%Net margin, FY2022: -41.25%Net margin, FY2023: -25.18%Net margin, FY2024: -8.77%Net margin, FY2025: 0.81%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -56.22%. Gross margin FY2022 -19.15%. Gross margin FY2023 0.48%. Gross margin FY2024 8.38%. Gross margin FY2025 14.54%. Operating margin FY2021 -91.58%. Operating margin FY2022 -42.20%. Operating margin FY2023 -26.14%. Operating margin FY2024 -9.86%. Operating margin FY2025 0.14%. Net margin FY2021 -90.86%. Net margin FY2022 -41.25%. Net margin FY2023 -25.18%. Net margin FY2024 -8.77%. Net margin FY2025 0.81%.

Income trends

Revenue

64.73B CNY+101.25%

Operating income

88.89M CNY+3.26B CNY

Net income

524.46M CNY+3.35B CNY
Income trends across reported periods71.73B CNY43.74B CNY15.76B CNY−12.22B CNYRevenue, FY2021: 3.13B CNYRevenue, FY2022: 12.38B CNYRevenue, FY2023: 16.75B CNYRevenue, FY2024: 32.16B CNYRevenue, FY2025: 64.73B CNYOperating income, FY2021: −2.87B CNYOperating income, FY2022: −5.23B CNYOperating income, FY2023: −4.38B CNYOperating income, FY2024: −3.17B CNYOperating income, FY2025: 88.89M CNYNet income, FY2021: −2.85B CNYNet income, FY2022: −5.11B CNYNet income, FY2023: −4.22B CNYNet income, FY2024: −2.82B CNYNet income, FY2025: 524.46M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.13B CNY. Revenue FY2022 12.38B CNY. Revenue FY2023 16.75B CNY. Revenue FY2024 32.16B CNY. Revenue FY2025 64.73B CNY. Operating income FY2021 −2.87B CNY. Operating income FY2022 −5.23B CNY. Operating income FY2023 −4.38B CNY. Operating income FY2024 −3.17B CNY. Operating income FY2025 88.89M CNY. Net income FY2021 −2.85B CNY. Net income FY2022 −5.11B CNY. Net income FY2023 −4.22B CNY. Net income FY2024 −2.82B CNY. Net income FY2025 524.46M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue64.73B CNY32.16B CNY16.75B CNY12.38B CNY3.13B CNY
Cost of goods sold55.32B CNY29.47B CNY16.67B CNY16.77B CNY5.54B CNY
Gross profit9.41B CNY2.69B CNY80.47M CNY−2.37B CNY−1.76B CNY
Research and development4.18B CNY2.9B CNY1.92B CNY1.41B CNY740.02M CNY
Selling, general, and administrative5.6B CNY3.28B CNY2.65B CNY1.96B CNY826.17M CNY
Operating expenses9.32B CNY5.87B CNY4.46B CNY3.32B CNY1.48B CNY
Interest income389.31M CNY348.18M CNY229.36M CNY143.27M CNY84.01M CNY
Interest expense103.19M CNY39.53M CNY72.22M CNY37.01M CNY61.66M CNY
Depreciation and amortization1.14B CNY670.7M CNY601.21M CNY263.3M CNY180.18M CNY
Operating income88.89M CNY−3.17B CNY−4.38B CNY−5.23B CNY−2.87B CNY
Net income524.46M CNY−2.82B CNY−4.22B CNY−5.11B CNY−2.85B CNY

Company facts updated Aug 24, 2026.

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