BUZZ-HK-listed Leapmotor jumps most since September 2024 on robust rev outlook

Reuters

01-14

** Zhejiang Leapmotor Technology soars 10.5% to HK$33.15; set for biggest one-day pct gain since Sept. 30, 2024

** Stock snaps two straight sessions of decline; second biggest pct gainer on Hang Seng Composite Index , which is up 0.5%

** Chinese EV maker expects its 2024 revenue to rise 80% y/y to 30.5 bln yuan ($4.16 bln), driven by a 104% y/y rise in sales volume in 2024

** Says it logged positive net profit in Q4 of 2024 and positive net profit for a single quarter one year ahead of target on sustained sales volume growth

** Stock shed 8.8% last year

($1 = 7.3300 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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