人民财讯8月28日电，理想汽车8月28日晚间在港交所公告，2025年第二季度的收入总额为人民币302亿 元（42亿美元），同比减少4.5%，环比增加16.7%。2025年第二季度的车辆销售收入为人民币289亿元 （40亿美元），同比减少4.7%，环比增加17.0%。2025年第二季度的净利润为人民币11亿元（153.1百万 美元），同比减少0.4%，环比增加69.6%。 转自：证券时报 ...

Core Viewpoint - Li Auto reported a decline in vehicle sales revenue and total revenue for the quarter ending June 30, 2025, but maintained a strong market position in the high-end electric vehicle segment [1][2]. Financial Performance - Vehicle sales revenue reached RMB 28.885 billion, a year-on-year decrease of 4.7% [1]. - Total revenue was RMB 30.246 billion, down 4.5% year-on-year [1]. - Net profit attributable to shareholders was RMB 1.093 billion, a decrease of 0.91% year-on-year [1]. - Basic earnings per share stood at RMB 0.54 [1]. - Gross margin remained healthy at 20.1% [2]. - Quarterly net profit increased by 69.6% quarter-on-quarter to RMB 1.1 billion [2]. Market Position and Product Development - Li Auto continues to hold the top position in the Chinese automotive brand sales for new energy vehicles priced above RMB 200,000 [2]. - The Li MEGA Home version has received a strong market response, leading the sales chart for MPVs priced above RMB 500,000 since May [2]. - The company launched the Li i8, a six-seat pure electric SUV, and introduced self-developed technologies like the VLA driver model and Li Xiang intelligent assistant [2]. - A brand upgrade was announced to cater to a broader range of consumers, including families [2]. - The upcoming launch of the Li i6 in September is expected to further expand the product matrix and enhance the company's position in the high-end pure electric vehicle market [2].

Core Insights - Li Auto reported a strong financial performance for Q2 2025, with vehicle sales revenue reaching RMB 28.9 billion (USD 4 billion), a quarter-on-quarter increase of 17.0% [1] - The total revenue for the quarter was RMB 30.2 billion (USD 4.2 billion), reflecting a 16.7% increase from the previous quarter [1] - The company achieved a gross profit of RMB 6.1 billion (USD 846.9 million), up 14.1% quarter-on-quarter, and a net profit of RMB 1.1 billion (USD 153.1 million), which is a significant increase of 69.6% [1] - Non-GAAP net profit was RMB 1.5 billion (USD 204.9 million), marking a 44.7% increase from the previous quarter [1] Company Strategy and Market Position - The CEO of Li Auto emphasized the company's commitment to user-centered technology and product innovation, solidifying its position as the top-selling Chinese automotive brand in the RMB 200,000 and above new energy vehicle market [2] - The Li MEGA Home version has received a strong market response, leading to its top position in the RMB 500,000 and above MPV sales since May [2] - The company continues to advance its initiatives in electric vehicles and smart technology, with the recent launch of the Li i8, a six-seat pure electric SUV, and the self-developed VLA driver model [2] - Li Auto announced a brand upgrade aimed at providing high-quality homes and private spaces for a broader range of consumers, including families [2] Financial Performance and Future Outlook - The CFO highlighted the focus on cost optimization and operational efficiency, which contributed to a robust financial performance despite a changing market environment [2] - The revenue for the quarter reached RMB 30.2 billion, with a healthy gross margin of 20.1%, and a significant quarter-on-quarter net profit growth of 69.6% to RMB 1.1 billion [2] - The company aims to accelerate growth driven by innovation while reinforcing its leading position in the industry and advancing breakthroughs in the automotive and smart ecosystem [2]

Core Insights - Li Auto reported its Q2 2025 financial results, showing a decrease in total revenue and vehicle sales revenue compared to the same period in 2024, but an increase compared to Q1 2025 [1][2]. Financial Performance - Total revenue for Q2 2025 was RMB 30.2 billion (USD 4.2 billion), a decrease of 4.5% year-over-year but an increase of 16.7% quarter-over-quarter [2]. - Vehicle sales revenue for Q2 2025 was RMB 28.9 billion (USD 4.0 billion), down 4.7% year-over-year but up 17.0% from Q1 2025 [2]. - Gross profit for Q2 2025 was RMB 6.1 billion (USD 846.9 million), a decrease of 1.8% year-over-year and an increase of 14.1% from Q1 2025 [2]. - Operating profit for Q2 2025 was RMB 827 million (USD 115.4 million), up 76.7% year-over-year and 204.4% quarter-over-quarter [2]. Profitability Metrics - Gross margin for Q2 2025 was 20.1%, compared to 19.5% in Q2 2024 and 20.5% in Q1 2025 [2]. - Net profit for Q2 2025 was RMB 1.1 billion (USD 153.1 million), a slight decrease of 0.4% year-over-year but an increase of 69.6% from Q1 2025 [2]. - Non-GAAP net profit for Q2 2025 was RMB 1.5 billion (USD 204.9 million), down 2.3% year-over-year but up 44.7% from Q1 2025 [2]. Delivery and Future Outlook - Vehicle deliveries for Q2 2025 reached 111,074 units, an increase from 92,864 units in Q1 2025 [1]. - For Q3 2025, the company expects vehicle deliveries to be between 90,000 and 95,000 units, representing a year-over-year decrease of 37.8% to 41.1% [3]. - Projected total revenue for Q3 2025 is estimated to be between RMB 24.8 billion (USD 3.5 billion) and RMB 26.2 billion (USD 3.7 billion), indicating a year-over-year decrease of 38.8% to 42.1% [3].

Core Viewpoint - Li Auto reported a revenue of 30.246 billion yuan for the second quarter of 2025, representing a year-on-year decline of 4.5% [1] - The net profit attributable to ordinary shareholders was 1.097 billion yuan, showing a slight decrease of 0.4% year-on-year [1] - The non-GAAP net profit was 1.468 billion yuan, reflecting a year-on-year decline of 2.3% [1] Financial Performance - Revenue for Q2 2025: 30.246 billion yuan, down 4.5% year-on-year [1] - Net profit attributable to ordinary shareholders: 1.097 billion yuan, down 0.4% year-on-year [1] - Non-GAAP net profit: 1.468 billion yuan, down 2.3% year-on-year [1]

Group 1 - The core point of the article is that Li Auto announced a revenue of 30.2 billion yuan for the second quarter of 2025, representing a year-on-year decline of 4.5% [2]

理想汽车第二季度营收302亿元人民币，预估324.7亿元人民币。 来源：滚动播报 ...

来源：滚动播报 理想汽车美股盘前跳水，现跌超2%，第二季度营收低于市场预估。 ...

专题：聚焦2025年第二季度美股财报 责任编辑：刘明亮 8月28日下午消息，理想汽车（NASDAQ：LI；HKEX： 2015）今日发布了截至6月30日的2025年第二 季度财报：总营收为302亿元，同比下滑4.5%，环比增长16.7%。净利润为11亿元，同比下滑0.4%，环 比增长69.6%。不按美国通用会计准则，调整后的净利润为15亿元，同比下滑2.3%，环比增长44.7%。 ...

理想汽车第二季度归属股东的调整后净利润14.6亿元人民币。理想汽车预计第三季度营收248亿元人民 币至262亿元人民币；理想汽车预计第三季度交付量90000至95000辆。理想汽车美股盘前跌约3%。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 ...