Globenewswire·2026-03-12 08:30Core Viewpoint - Li Auto Inc. reported a significant decline in both quarterly and full-year financial results for 2025, with total revenues and vehicle sales decreasing year-over-year, reflecting challenges in the new energy vehicle market and operational adjustments made during the year [2][7]. Financial Highlights for Q4 2025 - Total revenues reached RMB28.8 billion (US$4.1 billion), a decrease of 35.0% from RMB44.3 billion in Q4 2024, but an increase of 5.2% from RMB27.4 billion in Q3 2025 [4][20]. - Vehicle sales amounted to RMB27.3 billion (US$3.9 billion), down 36.1% from RMB42.6 billion in Q4 2024, but up 5.4% from RMB25.9 billion in Q3 2025 [4][20]. - Gross profit was RMB5.1 billion (US$733.7 million), a decrease of 42.8% from RMB9.0 billion in Q4 2024, but an increase of 14.8% from RMB4.5 billion in Q3 2025 [4][20]. - Net income was RMB20.2 million (US$2.9 million), compared to RMB3.5 billion in Q4 2024 and a net loss of RMB624.4 million in Q3 2025 [4][27]. Financial Highlights for Full Year 2025 - Total revenues for the year were RMB112.3 billion (US$16.1 billion), down 22.3% from RMB144.5 billion in 2024 [7][9]. - Vehicle sales totaled RMB106.7 billion (US$15.3 billion), a decrease of 23.0% from RMB138.5 billion in 2024 [7][9]. - Gross profit for the year was RMB21.0 billion (US$3.0 billion), down 29.2% from RMB29.7 billion in 2024 [7][9]. - Net income for 2025 was RMB1.1 billion (US$162.9 million), an 85.8% decrease from RMB8.0 billion in 2024 [7][9]. Operational Highlights - As of December 31, 2025, Li Auto operated 548 retail stores in 159 cities and had 3,907 supercharging stations with 21,651 charging stalls [3]. - The company launched its AI glasses, Livis, in December 2025, enhancing its product offerings beyond vehicles [11]. - Li Auto expanded its market presence by entering Egypt, Kazakhstan, and Azerbaijan in December 2025 [12]. Management Comments - The CEO highlighted improvements in organizational efficiency and sales systems, indicating a positive outlook for 2026 with the launch of new models [16]. - The CFO noted the company's strong cash position of RMB101.2 billion (US$14.5 billion) as of year-end 2025, which supports future growth initiatives [16][27].