- Leapmotor reported a net loss of 2.82 billion yuan for the fiscal year, which is an improvement compared to the estimated loss of 3.18 billion yuan.
- The company’s net loss decreased by 33% year-over-year.
- Revenue reached 32.16 billion yuan, which is a significant increase of 92% from the previous year, surpassing the estimated revenue of 31.53 billion yuan.
- Operating loss was recorded at 3.17 billion yuan, a decrease of 28% year-over-year, and better than the forecasted loss of 3.43 billion yuan.
- Research and Development (R&D) expenses rose by 51% year-over-year to 2.90 billion yuan, exceeding the estimated 2.58 billion yuan.
- Selling expenses increased by 19% year-over-year, totaling 2.14 billion yuan, slightly higher than the estimate of 2 billion yuan.
- Administrative expenses were 1.14 billion yuan, up 33% from the previous year and close to the estimate of 1.11 billion yuan.
- The company’s stock has seen positive market sentiment with 25 buy ratings, no holds, and 1 sell rating.
A look at Zhejiang Leapmotor Technologie Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Zhejiang Leapmotor Technologies Ltd., an electric vehicles manufacturer, presents a mixed picture for its long-term outlook based on Smartkarma Smart Scores. While the company excels in resilience and momentum aspects, scoring 5 out of 5 in both categories, it falls short in terms of value and dividend, with scores of 2 and 1 respectively. This indicates that Zhejiang Leapmotor Technologies is showing strong resilience and positive momentum in the market, but investors may need to evaluate its value proposition and dividend potential more closely to make informed decisions.
Overall, Zhejiang Leapmotor Technologies Ltd. appears to be a company with high resilience and momentum, which could bode well for its future growth and stability. However, its lower scores in value and dividend factors suggest that investors should carefully weigh these aspects before making investment decisions. With a focus on developing and selling electric vehicles in the Chinese market, Zhejiang Leapmotor Technologies is positioning itself within the rapidly growing electric vehicles industry, emphasizing innovation and market presence to drive its performance in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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