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<Research>Haitong Int'l Cuts LEAPMOTOR's TP to HKD61.44, Rating Outperform
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LEAPMOTOR (09863.HK)'s 4Q25 revenue surged by 56.2% YoY to RMB21.03 billion, surpassing RMB20 billion in a single quarter for the first time, according to a Haitong International research report. The carmaker's gross profit margin jumped by 1.7 ppts YoY or 0.5 ppts QoQ to 15%, continuing the trend of improvement. Its net profit also reached a historical high of RMB360 million, meaning that it has achieved profitability for three consecutive quarters. Haitong International has lowered its target price for LEAPMOTOR from HKD73.51 to HKD61.44 but kept the Outperform rating unchanged. AAStocks Financial News |
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