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LI AUTO-W Opens 4%+ Lower as 2024 Profit Falls 31%
Recommend 3 Positive 9 Negative 1 |
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LI AUTO-W (02015.HK)(LI.US) faced pressure following its earnings release, with its U.S. ADR closing down 4.39% at USD27.46 last Friday (14th). Today (17th), its Hong Kong shares also opened 4.24% lower at HKD108.4. Li Auto reported a YoY profit decline of 31.4% to RMB8.032 billion last year, while revenue grew 16.6% to RMB144.46 billion. The vehicle gross margin stood at 19.8%, down 1.7ppts YoY. For 1Q25, Li Auto targets vehicle deliveries between 88,000 and 93,000 units, representing a YoY increase of 9.5%-15.7%. Total revenue guidance is set at RMB23.4-24.7 billion, reflecting a YoY decrease of 3.5%-8.7%. AAStocks Financial News |
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