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LI AUTO INC.

(LI)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-06 pm EST
25.02 USD   -0.24%
02/01North American Morning Briefing: Stock Futures -2-
DJ
02/01Li Auto Vehicle Deliveries Jumps 23% in January -- Shares Jump in Pre-Market Trading
MT
02/01Li Auto's January Vehicle Deliveries Rise by 23%
MT
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Li Auto Third-Quarter Loss Widened, Revenue Rose 20%

12/09/2022 | 04:42am EST

By Clarence Leong


Li Auto Inc. posted a wider quarterly loss despite a 20% rise in revenue, as the Chinese electric-car maker spent more on developing new car models.

Li Auto's third-quarter net loss widened to 1.65 billion yuan ($236.8 million) from CNY21.5 million a year earlier, it said Friday.

Revenue was CNY9.34 billion, as vehicle sales rose 23% on higher average selling prices, with the delivery of the Li L9 model beginning in late August, Li Auto said.

But the 73% jump in Li Auto's operating expenses more than offset stronger sales. Part of the increase was due to higher research and development expenses, which more than doubled to CNY1.80 billion on a higher staff count, it said.

Li Auto guided for fourth-quarter revenue to rise between 55% and 66% to CNY16.51 billion-CNY17.61 billion. It forecast deliveries of between 45,000 and 48,000 vehicles, representing a rise of 28%-36%.

Chief Financial Officer Tie Li said the company navigated "a challenging macro environment and cost inflation" in the quarter but he is optimistic that "with rapid production ramp-up, rigorous execution, and responsible cost management, we will realize greater economies of scale and further drive down costs."


Write to Clarence Leong at clarence.leong@wsj.com


(END) Dow Jones Newswires

12-09-22 0441ET

Stocks mentioned in the article
ChangeLast1st jan.
LI AUTO INC. -0.24% 25.02 Delayed Quote.22.65%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.13% 6.7908 Delayed Quote.-1.52%
All news about LI AUTO INC.
02/01North American Morning Briefing: Stock Futures -2-
DJ
02/01Li Auto Vehicle Deliveries Jumps 23% in January -- Shares Jump in Pre-Market Trading
MT
02/01Li Auto's January Vehicle Deliveries Rise by 23%
MT
02/01Li Auto Inc. January 2023 Delivery Update
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02/01Li Auto Inc. Reports Vehicles Deliveries for the Month and Year to Date Ended January 2..
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Analyst Recommendations on LI AUTO INC.
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Financials
Sales 2022 45 286 M 6 668 M 6 668 M
Net income 2022 -2 187 M -322 M -322 M
Net cash 2022 29 538 M 4 349 M 4 349 M
P/E ratio 2022 -104x
Yield 2022 -
Capitalization 166 B 24 442 M 24 442 M
EV / Sales 2022 3,01x
EV / Sales 2023 1,40x
Nbr of Employees 11 901
Free-Float 76,3%
Chart LI AUTO INC.
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Technical analysis trends LI AUTO INC.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Last Close Price 25,02 $
Average target price 34,37 $
Spread / Average Target 37,4%
EPS Revisions
Managers and Directors
Xiang Li Chairman & Chief Executive Officer
Ya Nan Shen President & Executive Director
Tie Li Chief Financial Officer & Executive Director
Dong Hui Ma Chief Engineer
Yan Xie Chief Technology Officer
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