Ju Chao Zi Xun·2025-09-09 07:17Core Viewpoint - Li Auto reported a revenue of 56.172 billion RMB for the first half of 2025, a decrease of 2% year-on-year, while net profit increased by 3% to 1.744 billion RMB [2][3]. Financial Performance - Revenue for the first half of 2025 was 56.172 billion RMB, down from 57.312 billion RMB in 2024, reflecting a 2% decline [3]. - Gross profit slightly decreased by 0.7% to 11.385 billion RMB [3]. - Operating profit turned positive at 1.099 billion RMB compared to an operating loss in the previous year [3]. - Pre-tax profit increased by 11.3% to 2.063 billion RMB [3]. - Net profit rose by 3% to 1.744 billion RMB, while net profit attributable to ordinary shareholders decreased by 9% to 1.499 billion RMB [3]. Vehicle Sales and Market Position - Vehicle sales revenue was 53.6 billion RMB, a decrease of 1.8% year-on-year, primarily due to a lower average selling price influenced by product mix and increased sales incentives [2][3]. - The company achieved a delivery volume of 203,938 vehicles, marking a 7.9% increase year-on-year, with a cumulative delivery of 1,337,810 vehicles as of June 30, 2025 [3][4]. - Li Auto maintained a market share of 13.6% in the 200,000 RMB and above new energy vehicle segment, continuing to lead in sales among Chinese automotive brands [3]. Product Development and Future Plans - The company launched the Li MEGA Ultra Smart Refresh and the Li L Series Smart Refresh, enhancing user experience through product upgrades [4]. - A new family-oriented five-seat pure electric SUV, the Li i6, is set to be released in September to cater to the growing demand for electric vehicles [4]. - Li Auto aims to expand its product matrix and enhance its sales and service network, with a goal of establishing 4,000 charging stations by the end of the year [4].