Core Viewpoint - Li Auto (2015.HK) reported strong Q2 performance with significant revenue and profit growth, indicating a robust business model and effective cost management [1] Financial Performance - Revenue for Q2 reached 30.2 billion, representing a quarter-on-quarter increase of 16.7% [1] - Net profit was 1.1 billion, showing a substantial quarter-on-quarter increase of 69.6%, marking the 11th consecutive quarter of profitability [1] - Gross margin remained healthy at 20.1% [1] Research and Development - R&D expenses for Q2 amounted to 2.8 billion, with an expectation to exceed 10 billion for the entire year, averaging an investment of 1 billion every three days [1] Cash Reserves - As of the end of Q2, the company had cash reserves of 106.9 billion, providing strong support for new product cycles and high-intensity R&D [1] Product Development - The Li Auto i8 commenced deliveries in August, with expectations to exceed 8,000 cumulative deliveries by the end of September [1] - The Li Auto i6 is set to launch and deliver within September [1] - The world's first VLA driver model has been fully pushed to the vehicle end [1]

Financial Performance - Total revenue for Q2 2025 was 30.2 billion, a year-over-year decline of 4.5% but a quarter-over-quarter increase of 16.7% [2] - Net profit for Q2 2025 was 1.1 billion, showing a year-over-year decline of 0.4% and a quarter-over-quarter increase of 69.6% [2] - Adjusted net profit, not in accordance with US GAAP, was 1.5 billion, reflecting a year-over-year decline of 2.3% and a quarter-over-quarter increase of 44.7% [2] Operational Metrics - Total vehicle deliveries in Q2 2025 reached 111,074 units, representing a year-over-year increase of 2.3% [3] - As of June 30, 2025, the company operated 530 retail stores across 151 cities, with 511 service centers and authorized body and paint shops in 222 cities [3] - The company had 2,851 supercharging stations in operation, equipped with 15,655 charging piles [3] Recent Developments - In July 2025, the company delivered 30,731 vehicles [4] - As of July 31, 2025, the company had increased its retail stores to 535, covering 153 cities, and operated 527 service centers in 222 cities [4] - The number of supercharging stations increased to 3,028, with 16,671 charging piles available [4]

Core Insights - Li Auto (理想汽车) reported unaudited financial results for the quarter ending June 30, 2025, showing a vehicle sales revenue of RMB 28.885 billion, a year-on-year decrease of 4.7% [1] - Total revenue reached RMB 30.246 billion, down 4.5% year-on-year, with a net profit attributable to shareholders of RMB 1.093 billion, a slight decrease of 0.91% [1] - The company maintains its position as the top-selling Chinese automotive brand in the RMB 200,000 and above new energy vehicle market [1] Financial Performance - The gross margin for the quarter was reported at a healthy 20.1%, with quarterly net profit increasing by 69.6% to RMB 1.1 billion [1] - The basic earnings per share were RMB 0.54 [1] Product and Market Strategy - The CEO highlighted the strong market response to the Li MEGA Home version, which has topped the sales chart for MPVs priced above RMB 500,000 since May [1] - The company continues to innovate in electric vehicles and smart technology, with the launch of the Li i8, a six-seat pure electric SUV, and the self-developed VLA driver model [1] - A brand upgrade was announced to cater to a broader range of consumers, including families, aiming to enhance product quality and private space [1] Future Outlook - The company is set to launch the Li i6 in September, which is expected to further expand its product matrix and strengthen its position in the high-end pure electric vehicle market in China [1]

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].

格隆汇8月28日丨理想汽车-W(02015.HK)发布公告，2025年第二季度，车辆销售收入为人民币289亿元 (40亿美元)，环比增加17.0%；收入总额为人民币302亿元(42亿美元)，环比增加16.7%；毛利为人民币61 亿元(8.469亿美元)，环比增加14.1%；净利润为人民币11亿元(1.531亿美元)，环比增加69.6%；非美国公 认会计准则净利润为人民币15亿元(2.049亿美元)，环比增加44.7%。 理想汽车董事长兼首席执行官李想先生表示："我们坚持以用户为中心的技术与产品创新，巩固了理想 汽车在人民币20万元及以上新能源汽车市场的中国汽车品牌销量冠军地位。凭藉理想MEGA Home版热 烈的市场反响，理想MEGA自5月起登顶人民币50万元以上MPV销量榜首。我们亦继续推进在纯电车与 智能领域的举措。7月，我们发布家庭六座纯电SUV理想i8、自研的VLA司机大模型和理想同学智能 体，将研发成果转化为更优质的产品体验。理想i8融合了越野车的全能、轿车级操控和MPV的舒适，作 为新时代的SUV，它以全新驾乘体验获得用户高度认可。近期，我们宣布了品牌升级，旨在为包括家庭 用户在内的更多不同消费者 ...

IT之家 8 月 28 日消息，理想汽车今日发布 2025 年第二季度业绩： | | | 截至以下日期止三個月 | | 百分比變動。 | | | --- | --- | --- | --- | --- | --- | | | 2024 年 | 2025年 | 2025年 | 同比 | 環比 | | | 6月30日 | 3月31日 | 6月 30 日 | | | | | 人民幣 | 人民幣 | 人民幣 | | | | 車輛銷售收入 | 30.319.7 | 24,678.6 | 28.885.1 | (4.7)% | 17.0% | | 車輛毛利率 | 18.7% | 19.8% | | 19.4% 0.7個百分點(0.4)個百分點 | | | 收入總額 | 31.678.4 | 25.926.8 | 30.245.6 | (4.5)% | 16.7% | | 毛利 | 6.176.9 | 5,318.5 | 6.067.0 | (1.8)% | 14.1% | | 毛利率 | 19.5% | 20.5% | | 20.1% 0.6 個自分點(0.4)個自分點 | | | 答美营用 | (5.708.9) | ...

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 ...