German Delegation in China: BMW Chairman Meets with LEAPMOTOR Chairman

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: Feb 26 2026

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09863-2.77%

Should l Buy 09863?

Source: aastocks

Chancellor's Visit: German Chancellor Friedrich Merz visited Hangzhou, engaging with Chinese companies like Yushu Technology and LEAPMOTOR.
LEAPMOTOR's Expansion: LEAPMOTOR has established a significant international presence, exporting over 67,000 vehicles last year and operating in 35 countries with more than 800 outlets.

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Analyst Views on 09863

Wall Street analysts forecast 09863 stock price to rise

0 Analyst Rating

0 Buy

0 Hold

0 Sell

Current: 48.360

Low

Averages

High

Current: 48.360

Low

Averages

High

Haitong International

Outperform

NULL

downgrade

2026-03-19

Reason

Haitong International

Price Target

AI Analysis

2026-03-19

downgrade

Outperform

NULL

Reason

The analyst rating for LEAPMOTOR remains at "Outperform" despite a lowered target price from HKD73.51 to HKD61.44 due to the company's strong financial performance. The reasons for this rating include a significant 56.2% year-over-year revenue increase to RMB21.03 billion, a gross profit margin improvement to 15%, and a historical net profit of RMB360 million, indicating sustained profitability over three consecutive quarters. These positive financial indicators suggest continued growth potential for the company.

Citi

Outperform

Buy

downgrade

2026-03-18

Reason

Citi

Price Target

2026-03-18

downgrade

Outperform

Buy

Reason

The analyst rating for LEAPMOTOR (09863.HK) is influenced by several factors outlined in the article. The company is projected to achieve significant revenue growth, with a forecast of RMB64.732 billion for 2025, representing a year-over-year increase of 101.3%. Additionally, LEAPMOTOR is expected to turn a profit of RMB538 million, indicating a positive turnaround from previous losses. However, the rating was tempered by concerns over intensified competition in the passenger vehicle sector, leading the broker to reduce its 2026 net profit forecast by 19% to RMB3.94 billion and to introduce a new forecast for 2027 of RMB6.15 billion. Despite these adjustments, the broker maintained an "Outperform" rating, although the target price was lowered by 22.1% to HKD60.8. This suggests that while there are growth prospects, the competitive landscape is a significant concern impacting the overall outlook.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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