Zheng Quan Ri Bao·2025-05-30 02:10Core Viewpoint - In the context of increasing competition in the electric vehicle market, Li Auto reported a solid performance in Q1 2025, with significant growth in delivery volume, revenue, and net profit, indicating strong market positioning and growth potential [2][4]. Group 1: Sales Performance - Li Auto delivered 92,900 vehicles in Q1 2025, representing a year-on-year increase of 15.5%, particularly impressive during the traditional off-peak sales season [3]. - The company maintained its leading position in the market for vehicles priced above 200,000 RMB, achieving the highest sales in the SUV segment for three consecutive quarters [3]. - The cumulative delivery of the L series surpassed 1 million units, marking it as the first range-extended product series to reach this milestone globally [3]. Group 2: Financial Performance - Revenue for Q1 2025 reached 25.9 billion RMB, reflecting a year-on-year growth of 1.1%, despite a quarter-on-quarter decline [4]. - Net profit was reported at 647 million RMB, a year-on-year increase of 9.4%, setting a record for ten consecutive quarters of profitability among new energy vehicle companies [4]. - The gross margin for Q1 2025 was maintained at a healthy level of 20.5%, showcasing the company's effective cost management and scale efficiency [4]. Group 3: Future Outlook - For Q2 2025, Li Auto anticipates delivery volumes between 123,000 and 128,000 vehicles, representing a year-on-year growth of 13.3% to 17.9% [4]. - Projected revenue for Q2 2025 is expected to be between 32.5 billion and 33.8 billion RMB, indicating a year-on-year growth of 2.5% to 6.7% [4]. Group 4: R&D and Technological Advancements - Li Auto invested 2.5 billion RMB in R&D in Q1 2025, focusing on enhancing artificial intelligence applications in various domains [6]. - The company introduced its next-generation advanced driver assistance system, VLA, which integrates spatial, language, and behavioral intelligence [6]. - The new intelligent assistant, "Li Xiang Classmate," has evolved to autonomously execute complex commands, significantly improving user experience [6]. Group 5: Product and Network Expansion - Li Auto's product lineup is undergoing a comprehensive upgrade, with the L series and MEGA models featuring enhanced safety and comfort technologies [7]. - The company operates 500 retail centers and 500 after-sales service centers across 151 cities as of April 30, 2025, and is expanding its network further [5]. - Li Auto has established 2,350 supercharging stations with over 12,700 supercharging piles, aiming to enhance user charging experience [8].