LI AUTO(US:LI) Globenewswire·2025-05-29 08:30Core Viewpoint - Li Auto Inc. reported its financial results for the first quarter of 2025, highlighting a year-over-year increase in vehicle deliveries and total revenues, despite a significant decline compared to the previous quarter. Financial Highlights - Total revenues reached RMB25.9 billion (US$3.6 billion), a 1.1% increase from RMB25.6 billion in Q1 2024, but a 41.4% decrease from RMB44.3 billion in Q4 2024 [4][12][23] - Vehicle sales amounted to RMB24.7 billion (US$3.4 billion), reflecting a 1.8% increase from RMB24.3 billion in Q1 2024, and a 42.1% decrease from RMB42.6 billion in Q4 2024 [4][12][23] - Gross profit was RMB5.3 billion (US$732.9 million), a slight increase of 0.6% from RMB5.3 billion in Q1 2024, but down 40.7% from RMB9.0 billion in Q4 2024 [4][12][23] - Net income was RMB646.6 million (US$89.1 million), up 9.4% from RMB591.1 million in Q1 2024, but down 81.7% from RMB3.5 billion in Q4 2024 [4][12][23] Operational Highlights - The company delivered 92,864 vehicles in Q1 2025, marking a 15.5% year-over-year increase [2][4] - As of March 31, 2025, Li Auto operated 500 retail stores in 150 cities, 502 servicing centers, and 2,045 supercharging stations with 11,038 charging stalls [3][4] Recent Developments - In April 2025, the company delivered 33,939 vehicles, representing a 31.6% increase from April 2024 [6] - The company launched new models including Li MEGA Home, which features advanced seating and assisted driving systems [8] - Li Auto became the first automaker to open-source its smart vehicle operating system, Li Halo OS, to encourage collaboration in the industry [9] Business Outlook - For Q2 2025, the company expects vehicle deliveries between 123,000 and 128,000, indicating a year-over-year increase of 13.3% to 17.9% [21][23] - Total revenues are projected to be between RMB32.5 billion (US$4.5 billion) and RMB33.8 billion (US$4.7 billion), reflecting a year-over-year increase of 2.5% to 6.7% [21][23]