On July 22, LEAPMOTOR fell 5.21% in regular trading, trading at HKD 33.54/share, with turnover of HKD 232 million. The decline led peers in the Hong Kong-listed automobile sector, which saw broad-based selling pressure.
On the news front, the HK auto sector declined collectively, with Geely Auto down over 3% and Li Auto down over 2%. LEAPMOTOR's steeper loss relative to peers appears linked to the recent establishment of Hangzhou Leapmotor Property Co., a wholly-owned subsidiary with RMB 100 million in registered capital. The subsidiary's business scope includes real estate development, AI public data platforms, and energy storage technology services. The market expressed concern over capital allocation efficiency as the EV maker diversifies into property development.
For context, Chairman Zhu Jiangming and shareholder Fu Liquan have collectively increased their stake by approximately HKD 900 million over the past six months, signaling management confidence in the company's long-term trajectory.
(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.)