LI AUTO-W(HK:02015) Xin Lang Cai Jing·2025-08-29 07:33Core Insights - Li Auto (02015.HK) reported a 4.5% year-on-year decline in revenue for Q2 2025, totaling RMB 30.2 billion, with net profit remaining flat at approximately RMB 1.093 billion, both figures falling short of market expectations [2] - The company delivered a total of 111,074 vehicles in Q2, representing a 20% quarter-on-quarter increase and a 2.3% year-on-year growth, although the delivery volume did not meet expectations [2] - Li Auto plans to launch the family-oriented five-seat electric SUV, Li Auto i6, in September to expand its product lineup and cater to a broader customer base [2] Financial Performance - Revenue for Q2 2025 was RMB 30.2 billion, down 4.5% year-on-year [2] - Net profit for the same period was approximately RMB 1.093 billion, remaining flat compared to the previous year [2] - The company anticipates a significant decline in Q3 delivery volume, projecting a year-on-year drop of about 40% to 90,000-95,000 vehicles, with revenue expected to fall to RMB 24.8-26.2 billion, also down approximately 40% year-on-year [2] Vehicle Delivery and Model Performance - In Q2, the main models delivered included L7 with 26,391 units, L8 with 14,828 units, L9 with 14,447 units, and MEGA with 3,401 units, indicating a balanced sales performance across multiple models [2] - The upcoming launch of the Li Auto i6 is part of the strategy to enhance the company's position in the high-end electric vehicle market in China [2]