三季度，理想汽车两款全新纯电SUV理想i8和理想i6成功上市，目前累计订单突破10万辆，目前正在联 合供应链解决产能问题。在高端市场，理想MEGA表现优异，获得三季度50万元以上纯电动和50万元以 上MPV销量双冠军。理想汽车因10月底主动召回部分2024款理想MEGA车型，免费更换冷却液、动力 电池和前电机控制器，召回成本预提在Q3季报中，因此三季度出现了经营亏损。据悉，MEGA召回导 致理想三季度毛利率为16.3%，剔除后公司整体毛利率为20.4%，利润为正，据此推测理想汽车承担理 想MEGA召回成本达到11亿元。 理想汽车2025年第三季度财报发布，季度营收274亿元，前三季度营收835亿元。季度研发费用30亿元， 全年研发投入预计120亿元。截至三季度末，理想汽车现金储备充裕，达到989亿元。 ...

Core Points - Shares have decreased by 24% year-to-date, indicating a significant decline in investor confidence [1] - The decline in sales and earnings is contributing to the negative sentiment among investors [1]

26日晚间，理想汽车发布三季度财报称，第三季度该公司营收274亿元，同比下跌36.2%；净亏损为 6.2亿元，上年同期净利润为28亿元，由盈转亏。 编辑 ｜ 钉钉 理想汽车于10月31日宣布召回11411辆MEGA，将更换冷却液、动力电池等部件，主要因冷却液防腐 性能不足可能导致动力电池热失控风险。 记者｜ 武子晔 财报称，三季度该公司毛利率16.3%，毛利为44.69亿元；若剔除MEGA召回支出影响，则毛利率为 20.4%。由此计算，MEGA召回事件导致理想汽车第三季度损失约11.13亿元。 ...

Core Insights - Li Auto reported its first quarterly net loss in three years, indicating significant sales pressure and slowing demand in the Chinese automotive market [1] Company Summary - The company faced challenges that led to a decline in sales performance, resulting in a net loss for the quarter [1] Industry Summary - The Chinese automotive industry is experiencing slowing demand, which is impacting car manufacturers like Li Auto [1]

Core Viewpoint - Li Auto reported a significant decline in revenue and a shift from profit to loss in Q3, primarily due to the impact of the MEGA recall event [2]. Financial Performance - The company generated revenue of 27.4 billion yuan in Q3, representing a year-on-year decrease of 36.2% [2]. - Net loss for the quarter was 620 million yuan, compared to a net profit of 2.8 billion yuan in the same period last year [2]. - Gross margin stood at 16.3%, with a gross profit of 4.469 billion yuan; excluding the impact of the MEGA recall, the gross margin would have been 20.4% [2]. Recall Impact - The MEGA recall event is estimated to have caused a loss of approximately 1.113 billion yuan for Li Auto in Q3 [2]. - On October 31, the company announced the recall of 11,411 MEGA vehicles to replace components such as coolant and power batteries due to insufficient corrosion resistance of the coolant, which poses a risk of thermal runaway in the power battery [2].

Li Auto’s fourth-quarter forecasts fell short of expectations, adding to investor concerns about its ability to navigate China’s electric vehicle market https://t.co/x4aj1nfqhk ...

Core Viewpoint - Li Auto reported strong revenue figures for Q3 2025, maintaining its leading position among new energy vehicle manufacturers in China, despite facing challenges due to a recall of certain models [1] Financial Performance - The company achieved a quarterly revenue of 27.4 billion yuan and a total revenue of 83.5 billion yuan for the first three quarters of the year [1] - The gross margin for the quarter was impacted by a recall, but remained healthy at 20.4% when excluding the effects of the recall [1] Product Development - Li Auto's new models, the Li Auto i8 and Li Auto i6, have accumulated over 100,000 orders [1] - The Li Auto MEGA was recognized as the sales champion in the high-end pure electric vehicle market for Q3 [1] Research and Development - The company invested 3 billion yuan in R&D for the quarter, with an expected total R&D expenditure of 12 billion yuan for the year, including over 6 billion yuan specifically allocated to AI [1]

北京商报讯（记者 刘晓梦）11月26日，理想汽车发布财报数据显示，今年三季度营收274亿元，同比下 滑36.2%；毛利率为16.3%，同比下滑5.2个百分点；净亏损为6.24亿元，由盈转亏。 ...

Ahead of Li Auto Inc.’s (NYSE:LI) third-quarter earnings call, analyst sentiment for the Tesla Inc. (NASDAQ:TSLA) rival has turned bearish.Biggest-Ever Revenue DeclineAnalysts predict that the automaker will report its biggest-ever revenue decline, with sentiments showcasing an expected 38% year-on-year dip for the automaker, Bloomberg reported on Tuesday. The decline is expected to be Li Auto's steepest since its listing on the New York Stock Exchange in 2020.Li Auto delivered over 93,211 vehicles in Q3, r ...

理想25Q3自由现金流-89.1亿，经营活动现金流-74.0亿，资本开支15.2亿，现金储备989亿。 | | 交付 | 自由现金流 | 经营活动现金流 资本开支 | | 现金储备 | | --- | --- | --- | --- | --- | --- | | 2503 | 93211 | -89.1 | -74.0 | 15.2 | 089 | | 25Q2 | 111074 | -38.4 | -30.3 | 8.1 | 1069 | | 25Q1 | 92864 | -25.3 | -17.0 | 8.3 | 1107 | | 24Q4 | 158696 | 61.0 | 86.8 | 26.2 | 1128 | | 24Q3 | 152831 | 90.5 | 110.2 | 19.7 | 1065 | | 24Q2 | 108581 | -18.5 | -4.3 | 14.2 | 973 | | 24Q1 | 80400 | -50.6 | -33.42 | 17.1 | 089 | | 23Q4 | 131805 | 146.4 | 172.9 | 26.6 | 1037 | | 23Q3 | ...