李想考虑回购部分港股股份

Core Viewpoint - The recent performance of Li Auto has been disappointing, with significant executive departures and a decline in vehicle deliveries, leading to a historical low in stock price, prompting discussions of a potential share buyback to restore confidence in the company's future [5][6]. Group 1: Executive Departures and Market Performance - Li Auto has experienced a wave of executive departures, including key figures such as the former head of the second product line and the head of intelligent driving, indicating potential internal challenges [5]. - In 2025, Li Auto delivered 406,300 vehicles, a year-on-year decline of approximately 19%, failing to meet the company's sales targets [5]. - The company's stock price has been on a downward trend since July 2025, reaching a historical low of HKD 61.15 per share on January 20, 2026, down from a previous low of HKD 66.85 [5]. Group 2: Share Buyback Considerations - CEO Li Xiang is reportedly considering a share buyback of Li Auto's shares in the Hong Kong market, with details still under discussion [6]. - Market interpretation of share buybacks generally signals management's belief that the current stock price is undervalued, which could lead to a price increase following such actions [6]. - Li Auto has not previously engaged in share buybacks since its listing, making this potential buyback a significant move to bolster confidence in the company's future [7].