Express News | li auto inc Q3 revenue year-on-year growth of 23.6%, expected Q4 delivery volume to be 160,000 to 170,000 vehicles
A comprehensive bank report on li auto inc (02015.HK) latest target price and views after the quarterly results announcement.
Li Auto Inc (02015.HK) early market stock price fell 7.1% to 99.8 yuan, losing the 'red bottom stock' status. A Citigroup report indicates that Li Auto Inc's fourth-quarter sales guidance fell short of expectations, with sales of extended-range electric vehicles (EREV) declining 2% month-on-month from October to the end of the month, lagging behind internal combustion engine vehicles, hybrid electric vehicles, and pure electric vehicles growth. The bank also noted that Li Auto Inc's order sales ratio is 1.25 times, lower than the average of 1.48 times, with the prime beneficiaries under the trade-in policy being mid to low-priced vehicles, more so than mid to high-end automobiles. The company's vehicle lineup will continue to age in the first half of next year, facing competition from Geely (02333.HK), Jidong Auto.
Li Auto Shares Fall in Hong Kong on Soft Fourth-Quarter Guidance
UBS Group: LI.US's third-quarter core operating performance exceeds expectations in 'Dahang'.
UBS Group released a report stating that LI.US' third-quarter core operational performance exceeded expectations, with an operating surplus increasing by 47% year-on-year to 3.433 billion RMB, surpassing both market consensus and the bank's forecast of 37% and 25%. GAAP net profit was 2.814 billion RMB, exceeding the market consensus of 2.621 billion RMB, but lower than the bank's forecast of 3.364 billion RMB, mainly due to non-operating investment losses and higher income tax expenses. UBS Group mentioned that LI.US achieved a 20.9% gross margin for automobiles in the third quarter, which was pleasantly surprising; research and development expenses decreased by 15% per quarter, demonstrating cost optimization.
Express News | Zhang Yongwei, chairman of the China Electric Vehicle Hundred People's Association: Emerging new energy vehicle companies are crossing the profitability turning point.
Goldman Sachs: li auto inc (LI.US) third quarter performance exceeds expectations, rated 'buy'.
Goldman Sachs has released research reports indicating that Li Auto Inc (LI.US)(02015.HK) outperformed expectations in the third quarter of this year. Among them, revenue, gross margin, operating profit, and non-GAAP net profit increased by 2%, 10%, 42%, and 16% respectively, compared to the bank's forecasts of 0%, 8%, 37%, and 18% increases. Goldman Sachs explains that the better-than-expected net profit in the third quarter is mainly due to the higher-than-expected automobile gross margin. They believe that profit margin growth is benefiting from the company's improved autonomous driving functionality, driving an increase in sales mix of 'Max' models, higher average selling prices, and higher profit margins. In addition, li auto inc management anticipates