LEAPMOTOR (09863.HK) +1.750 (+3.415%) Short selling $299.35M; Ratio 86.513% held its tenth-anniversary press conference in December 2025, officially announcing FAW's premium stake acquisition of approx. RMB3.74 billion, with a long-term strategic aim at becoming a world-class car company, according to Huatai Securities' research report. Over the past decade, the Group has completed a fully self-developed platform system construction, with 2025 sales nearing 600,000 units, marking the first time annual profitability is within reach, and establishing a fundamental turning point. Related News CLSA: BYD, Geely Exports Further Increase; Domestic Auto Sales Momentum ReboundsLooking ahead to the next decade, the Company aims for sales of 1 million units this year and a long-term target of 4 million units. From 2025 to 2027, the Company entered a new global car cycle, with strategic cooperation gradually contributing increment, and it is expected that the Group's revenue will grow rapidly and reach a profit turning point.Huatai Securities also granted the Company a 30% valuation premium, considering the Company's strong new car cycle this year, accelerated overseas localization production layout, expansion of strategic partnership circle and release of profit flexibility, corresponding to a target PE ratio of 21x this year, and a target price of $83.69 (previously $89.4), with rating kept at Buy.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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