Haitong International maintains an Outperform rating for LEAPMOTOR despite short-term profit pressures due to strong overseas growth and sales performance. The company's revenue in 1Q26 showed an 8% year-on-year increase, with significant growth in overseas sales. Although there are challenges related to profitability, the overall operating trends are positive, and the company has a solid cash reserve to support future growth. The broker has revised revenue forecasts upward for 2026 and 2027, indicating confidence in LEAPMOTOR's long-term potential.
