Globenewswireยท2025-08-28 08:30Core Viewpoint - Li Auto Inc. reported its unaudited financial results for the second quarter of 2025, highlighting a mixed performance with increased vehicle deliveries but decreased revenues and net income compared to the previous year. Operating Highlights - Total deliveries for Q2 2025 were 111,074 vehicles, a 2.3% year-over-year increase [2] - The company operated 530 retail stores in 151 cities and had 2,851 supercharging stations with 15,655 charging stalls as of June 30, 2025 [2] Financial Highlights - Vehicle sales amounted to RMB 28.9 billion (US$ 4.0 billion), down 4.7% from RMB 30.3 billion in Q2 2024 but up 17.0% from RMB 24.7 billion in Q1 2025 [3][12] - Total revenues were RMB 30.2 billion (US$ 4.2 billion), a decrease of 4.5% from RMB 31.7 billion in Q2 2024 but an increase of 16.7% from RMB 25.9 billion in Q1 2025 [3][12] - Gross profit was RMB 6.1 billion (US$ 846.9 million), down 1.8% from RMB 6.2 billion in Q2 2024 but up 14.1% from RMB 5.3 billion in Q1 2025 [3][12] - Net income was RMB 1.1 billion (US$ 153.1 million), a slight decrease of 0.4% from RMB 1.1 billion in Q2 2024 but an increase of 69.6% from RMB 646.6 million in Q1 2025 [3][23] Key Financial Results - Vehicle margin was 19.4% in Q2 2025, compared to 18.7% in Q2 2024 and 19.8% in Q1 2025 [5] - Operating expenses were RMB 5.2 billion (US$ 731.5 million), down 8.2% from RMB 5.7 billion in Q2 2024 [3][12] - Operating income increased to RMB 827.0 million (US$ 115.4 million), up 76.7% from RMB 468.0 million in Q2 2024 [3][18] Recent Developments - In July 2025, the company launched the Li i8, a six-seat battery electric family SUV, which features advanced technology and a competitive price of RMB 339,800 [10][11] - The company received the highest MSCI ESG rating of "AAA" for the third consecutive year, indicating strong performance in environmental, social, and governance aspects [9] Business Outlook - For Q3 2025, the company expects vehicle deliveries to be between 90,000 and 95,000, representing a year-over-year decrease of 41.1% to 37.8% [21] - Total revenues are projected to be between RMB 24.8 billion (US$ 3.5 billion) and RMB 26.2 billion (US$ 3.7 billion), reflecting a year-over-year decrease of 42.1% to 38.8% [21]