On July 14, Leapmotor fell 3.08% in regular trading, trading at 35.62 HKD/share, with turnover of 54.30 million HKD.

On the news front, peer SERES recently disclosed an expected H1 net loss of 1.5 to 1.8 billion yuan, reversing from profit to loss, intensifying market concerns over the volume-up-but-margin-down dilemma plaguing NEV manufacturers. Leapmotor itself reported Q1 comprehensive gross margin dropping sharply to 9.4% from 14.9% a year earlier, with net loss attributable to shareholders reaching 390 million yuan, reflecting significant profitability pressure.

Additionally, national passenger vehicle retail sales declined over 20% year-over-year in H1, highlighting intensified competition in the saturated domestic market. Within the Automobile Manufacturers sector, divergence remains evident: BYD Company up 0.77%, NIO-SW up 5.40%, while XPENG-W down 0.39% and Geely Auto down 0.33%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)