Li Auto Earnings

Li Auto posted a net loss of RMB 624 million yuan ($87.7 million) in the third quarter, marking its first return to a loss since the fourth quarter of 2022.

Li Auto delivered 93,211 cars in the third quarter, down 39.01 percent year-on-year and down 16.08 percent from the second quarter.

Li Auto's second-quarter net income and revenue both fell short of analyst expectations, with weak guidance signaling continued pain ahead.

Li Auto saw a solid year-on-year growth in net income in the first quarter, despite a flat revenue, as sales expenses declined.

Li Auto delivered 92,864 vehicles in the first quarter, near the upper end of its guidance range.

Li Auto guided its vehicle deliveries in the first quarter to be in the range of 88,000 to 93,000 units, below analysts' expectations of 130,914 units.

Li Auto reported record revenue of RMB 42.9 billion in the third quarter, beating analysts' expectations as it delivered a record number of vehicles.

Li Auto reported second quarter results that were generally in line with expectations, with net income up 86.24 percent from the first quarter while gross margin slipping to 19.5 percent.

Li Auto guides for second-quarter vehicle deliveries to be in the range of 105,000 to 110,000, meaning it expects to deliver a total of 79,213 to 84,213 vehicles in May and June.

Li Auto guides deliveries to be between 100,000 and 103,000 units in the first quarter of 2024, an increase of 90.2 percent to 95.9 percent from the first quarter of 2023.