Jin Rong Jie·2026-03-12 10:52Core Insights - Li Auto has achieved over 100 billion yuan in revenue for three consecutive years and has been profitable for the same duration [1] - In 2025, Li Auto reported a total revenue of 112.3 billion yuan and a net profit of 1.1 billion yuan, with cash reserves reaching 101.2 billion yuan by the end of the reporting period [1] - The company's R&D expenditure reached a record high of 11.3 billion yuan, with 50% allocated to AI-related investments [1] Financial Performance - In Q4 2025, Li Auto generated revenue of 28.8 billion yuan, resulting in a net profit of 20.2 million yuan [1] - For Q1 2026, the company expects vehicle deliveries to range between 85,000 to 90,000 units, translating to projected revenue of 20.4 billion to 21.6 billion yuan [1] Product Development - Li Auto announced that the new generation of the Li L9 will officially launch in Q2 2026 [1]