LI AUTO-W opens nearly 9% lower, third-quarter delivery guidance falls short of expectations.
LI AUTO-W opened nearly 9% lower in early trading. As of the time of writing, it has fallen by 8.73% to HKD 162, with a turnover of HKD 38,171.6 million.
According to the information obtained from the Zhitong Finance APP, LI AUTO-W (02015) opened nearly 9% lower in early trading. As of the time of writing, it has fallen by 8.73% to HKD 162, with a turnover of HKD 38,171.6 million.
In terms of news, Li Auto announced its second-quarter performance. LI AUTO-W's revenue in the second quarter was CNY 28.65 billion, a year-on-year increase of 228.1% and a quarter-on-quarter increase of 52.5%. The net profit in the second quarter was CNY 2.31 billion, reaching the highest profit level in history, compared to a loss of CNY 641 million in the same period last year. The cumulative number of cars delivered in this quarter reached 86,533, setting a new historical record.
Looking ahead to the third quarter, LI AUTO-W expects the number of vehicle deliveries to reach 100,000 to 103,000. However, some analysts believe that LI AUTO-W has already achieved a delivery volume of 34,100 vehicles in July. In the next two months, Li Auto only needs to achieve sales of 33,000 to 34,500 vehicles to meet its sales target. However, this average monthly expected delivery volume is even lower than that of July. It is worth noting that Li Auto previously stated that it aims to exceed a monthly delivery volume of 40,000 vehicles in the fourth quarter. Li Auto CEO Li Xiang frankly stated, "The delivery expectations currently proposed are our production capacity limit."