3Wk·

$$LI (+2.01%) Auto Q2'24 Earnings Highlights:


🔹 Non-GAAP Diluted EPS: ¥1.42 (vs. ¥2.58 YoY)

🔹 Revenue: ¥31.7B (Est. ¥31.4B) 🟢; Up +10.6% YoY

🔹 Vehicle Sales: ¥30.3B; Up +8.4% YoY

🔹 Free Cash Flow: -¥1.85B (vs. ¥9.62B YoY) 


Q3'24 Guidance:

🔹 Revenue: ¥39.4B - ¥42.2B (Est. ¥39.7B) 🟢

🔹 Vehicle Deliveries: 145,000 - 155,000 units


Operating Highlights:

🔹 Vehicle Deliveries: 108,581 units; Up +25.5% YoY

🔹 Vehicle Margin: 18.7% (vs. 21.0% YoY) 

🔹 Gross Margin: 19.5% (vs. 21.8% YoY) 


CEO Commentary:

🔸 "Li Auto achieved solid Q2 results with strong vehicle deliveries and significant progress in autonomous driving technologies, reinforcing our position in the premium NEV market."

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