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
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
Dah Sing: Ideal (LI.US) third-quarter performance meets expectations, with gross margin slightly exceeding expectations to offset the increase in stock-based incentive costs.
Morgan Stanley's research report states that Ideal (LI.US) achieved a 155% quarterly increase in net profit in the third quarter of this year, staying flat at 2.8 billion RMB compared to the same period last year, in line with the bank's expectation of 2.7 billion to 2.9 billion RMB. This means a profit of 0.0185 million RMB per vehicle, compared to 9,000 RMB in the first half of this year. In addition, third-quarter revenue increased by 35% quarter-on-quarter; sales volume increased by 41% quarter-on-quarter, indicating an average price decrease of 4%, with a gross margin of 20.9%, slightly exceeding the bank's expected 20%, enough to offset the increase in stock-based incentive costs. The improved performance may be due to lower input costs and increased economies of scale, enough to offset.
Stock market update: li auto inc dropped more than 11%, third quarter net profit increased by 0.3% year-on-year, fourth quarter revenue guidance below expectations.
li auto inc fell more than 11%, li auto's US stocks fell over 13% overnight, as of the time of writing, dropped by 11.27%, closing at HK$95.3, with a turnover of 1.133 billion Hong Kong dollars.
CICC: Maintains li auto inc - W (02015) 'outperform' rating. Target price raised to HK$128.
CICC raised li auto inc's profit forecast for 2024 by 20% to 10.5 billion yuan.