M N 21 May 2024 CMB International Global Markets | Equity Research | Company Update Li Auto Inc. (LI US) Is the Mega lesson worthwhile? Target Price US$26.00 We are of the view that Li Auto has lowered priority for its FY24E profitability (Previous TP US$48.00) and the sell-off after the 1Q24 earnings call has largely priced in such Up/Downside 19.8% management mentality. We believe the key lies in its new BEV strategy, EREV Current Price US$21.71 sales recovery in 2H24 and FY25 sales growth with BEVs being ...

2024 年 5 月 21 日 CMB 国际全球市场 | 股票研究 | 公司更新 Li Auto Inc. (LI US) 大教训值得吗 ？ 目标价 26.00 美元 我们认为 ， 在第 1 季度的收益电话会议在很大程度上反映了这种管理层的心态之后 ， Li (先前 TP 为 48.00 美元) Auto 降低了 FY24E 盈利能力和抛售的优先级。我们认为 ， 关键在于其新的 BEV 战略 ， 涨 / 跌 19.8% EREV 在 2H24 的销售复苏以及 BEV 被推迟的 FY25 销售增长。  第 24 季度 GP 上线 ； 研发和 SG & A 拖累 NP 。Li Auto 的 1Q24 收入比我们先前的预 现价 21.71 美元中国汽车 测高出约 3 ％ ， 这主要是由于其其他销售和服务。 GP 比我们的预期高出 1 ％ 。另一 Ji Shi, CFA 方面 ， 研发和 SG ＆ A 合计超出了我们的预期 16 亿元人民币。因此 ， 1Q24 NP 比我 (852) 3761 8728 们的预期低约 14 亿元人民币。  2Q24 和 FY24E 展望。管理层预计第二季度将面临挑战，并将车辆毛利 ...

Li Auto Inc. (NASDAQ:LI) Q1 2024 Results Conference Call May 20, 2024 8:00 AM ET Company Participants Janet Chang - Director of Investor Relations Xiang Li - Chairman and CEO Johnny Tie Li - CFO Donghui Ma - President James Liangjun Zou - Senior Vice President Conference Call Participants Bin Wang - Deutsche Bank Tim Hsiao - Morgan Stanley Tina Hou - Goldman Sachs Yingbo Xu - CITIC Paul Gong - UBS Yuqian Ding - HSBC Ming Hsun Lee - Bank of America Operator Hello, ladies and gentlemen. Thank you for standing ...

At less than 5 times trailing free cash flow, Li Auto stock looks like a buy.Three months ago, Chinese electric-vehicle (EV) company Li Auto (LI -14.66%) announced powerful fourth-quarter earnings, but with a caveat: Management warned that a sales slump was coming in the 2024 first quarter.Now it's time for that first-quarter report, and the news is not good. Earnings came in at just $0.17 per share, half of what Wall Street expected. Quarterly sales of $3.55 billion similarly missed consensus targets of $3 ...

KEY TAKEAWAYSChinese EV manufacturer Li Auto posted a 36% year-over-year drop in first-quarter profit as it lowered car prices.The company said its profit attributable to shareholders was 592.6 million yuan ($82.0 million, well below analysts' forecasts.However, revenue was up by 36% at CNY25.63 billion, including a 32% jump in vehicle sales to CNY24.3 billion. American depositary receipts (ADRs) of Li Auto (LI) are down 14% in intraday trading Monday after the Chinese electric vehicle (EV) manufacturer pos ...

The shares of Chinese plug-in hybrid and electric vehicle (EV) maker Li Auto (NASDAQ:LI) are tumbling today after the company reported weaker-than-expected first-quarter results. LI stock is sinking over 10% in early trading. The firm’s Q2 revenue guidance also came in well below analysts’ average estimate.Li’s Q1 Miss and Guidance ShortfallLi reported Q1 earnings per share of 17 cents versus analysts’ average estimate of 20 cents. On the top line, its revenue came in at $3.6 billion, missing the mean outlo ...

Li Auto Inc (NASDAQ: LI) is committed to “enhancing operational efficiency” and create persistent “incremental value” for its users, says Xiang Li – chief executive of the EV company.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Li Auto saw a sequential decline in its first quarterCopy link to sectionCEO Li took a positive tone in the earnings report this morning even though his electric vehicles firm saw a sequential decline in revenue and net inco ...

Exhibit 99.1 Li Auto Inc. Announces Unaudited First Quarter 2024 Financial Results Quarterly total revenues reached RMB25.6 billion (US$3.6 billion) Quarterly deliveries reached 80,400 vehicles BEIJING, China, May 20, 2024 — Li Auto Inc. ("Li Auto" or the "Company") (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 · Total deliveries for the first qu ...

Quarterly total revenues reached RMB25.6 billion (US$3.6 billion)1Quarterly deliveries reached 80,400 vehicles BEIJING, China, May 20, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 Total deliveries for the first quarter of 2024 were 80,400 vehicles, representing a 52.9% year-ove ...

Quarterly total revenues reached RMB25.6 billion (US$3.6 billion)1Quarterly deliveries reached 80,400 vehicles BEIJING, China, May 20, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 Total deliveries for the first quarter of 2024 were 80,400 vehicles, representing a 52.9% year-over ...