Cai Jing Wang·2025-11-26 23:15Core Insights - Li Auto reported a significant decline in revenue and net loss for Q3 2025, with revenue at 27.4 billion yuan, down 36.2% year-over-year and 9.5% quarter-over-quarter [1] - The company delivered 93,211 vehicles in Q3 2025, representing a 39.0% decrease compared to the same period last year [1] Financial Performance - Q3 2025 revenue was 27.4 billion yuan, a year-over-year decline of 36.2% and a quarter-over-quarter decline of 9.5% [1] - Net loss for Q3 2025 was 624.4 million yuan, compared to a net profit of 2.8 billion yuan in the same quarter last year and a net profit of 1.1 billion yuan in the previous quarter [1] - Adjusted net loss, not in accordance with US GAAP, was 359.7 million yuan, down from a net profit of 3.9 billion yuan year-over-year and a net profit of 1.5 billion yuan quarter-over-quarter [1] Operational Metrics - As of October 31, 2025, the company operated 551 retail centers across 157 cities and 554 after-sales service centers in 225 cities [1] - Li Auto has established 3,508 charging stations equipped with 19,400 charging piles [1]