LEAPMOTOR (09863) saw its shares rise more than 4% before the midday break. At the time of writing, the stock was up 4.39%, trading at HKD 42.80, with a turnover of HKD 224 million.

Recently, LEAPMOTOR announced its delivery figures for February 2026. The company sold 28,067 vehicles in February, representing a year-on-year increase of 11.0% but a month-on-month decrease of 12.5%. In cumulative terms, LEAPMOTOR delivered 60,000 vehicles from January to February, a year-on-year growth of 19.2%.

Changjiang Securities noted that looking ahead, the company's current end-market demand remains strong. With a rich pipeline of new vehicle models planned for 2026 and the launch of purchase benefits in March—offering discounts of up to RMB 46,000 for immediate vehicle pickup—the company's near-term sales are expected to improve. Furthermore, as LEAPMOTOR enters a strong new product cycle, coupled with the commencement of overseas sales and the continuous expansion of its domestic model lineup, the company's sales and revenue are projected to sustain rapid growth, driving further profitability improvements.