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Li Auto Inc. Announces Unaudited Second Quarter 2021 Financial Results

GlobeNewswire2021-08-30

BEIJING, China, Aug. 30, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (Nasdaq: LI; HKEX: 2015), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended June 30, 2021.

Operating Highlights for the Second Quarter of 2021

  • Deliveries of Li ONEs were 17,575 vehicles in the second quarter of 2021, representing a 166.1% year-over-year increase.
  • As of June 30, 2021, the Company had 97 retail stores covering 64 cities and 167 servicing centers and Li Auto-authorized body and paint shops operating in 127 cities.

Financial Highlights for the Second Quarter of 2021

  • Vehicle sales were RMB4.90 billion (US$759.4 million) in the second quarter of 2021, representing an increase of 41.6% from RMB3.46 billion in the first quarter of 2021.
  • Vehicle margin2was 18.7% in the second quarter of 2021, compared with 16.9% in the first quarter of 2021.
  • Total revenues were RMB5.04 billion (US$780.4 million) in the second quarter of 2021, representing an increase of 40.9% from RMB3.58 billion in the first quarter of 2021.
  • Gross profit was RMB952.8 million (US$147.6 million) in the second quarter of 2021, representing an increase of 54.5% from RMB616.7 million in the first quarter of 2021.
  • Gross margin was 18.9% in the second quarter of 2021, compared with 17.3% in the first quarter of 2021.
  • Loss from operations was RMB535.9 million (US$83.0 million) in the second quarter of 2021, representing an increase of 31.4% from RMB407.7 million in the first quarter of 2021.Non-GAAP loss from operations3was RMB365.5 million (US$56.6 million) in the second quarter of 2021, representing an increase of 62.6% from RMB224.8 million in the first quarter of 2021.
  • Net loss was RMB235.5 million (US$36.5 million) in the second quarter of 2021, representing a decrease of 34.6% from RMB360.0 million net loss in the first quarter of 2021.Non-GAAP net loss3was RMB65.1 million (US$10.1 million) in the second quarter of 2021, compared with RMB177.0 million net loss in the first quarter of 2021.
  • Operating cash flow was RMB1,407.6 million (US$218.0 million) in the second quarter of 2021, representing an increase of 52.0% from RMB926.3 million in the first quarter of 2021.
  • Free cash flow4 was RMB982.1 million (US$152.1 million) in the second quarter of 2021, representing an increase of 72.2% from RMB570.2 million in the first quarter of 2021.

Li shares rose more than 3% in premarket trading.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论24

  • Yinasim
    ·2021-09-01
    Looks good!  Jia you!
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  • Lestersaul
    ·2021-08-31
    [财迷]
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  • Tanyl
    ·2021-08-31
    I strongly support Li Auto
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  • FrederickL
    ·2021-08-31
     Wow!… like!
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  • brightsun
    ·2021-08-31
    Fly but how come slump... 
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  • KYHBKO
    ·2021-08-31
    losses but positive from revenue, profits increase and also improved cash flow. 
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  • Lifestyle
    ·2021-08-31
    Any EV start up needs to scale production in order to boost revenue and gross margins 🤔
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  • Eugoon
    ·2021-08-31
    Good 
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  • tkltkl
    ·2021-08-31
    Non stop
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  • SanWangtikup
    ·2021-08-31
    Good 
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    收起
    • ykang
      [强]
      2021-08-31
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  • Merlink
    ·2021-08-30
    Where is NIO?
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    • BettyT
      Big brother, Nio is not at home. only the youngest bro, Li is on duty 😝
      2021-08-30
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  • K20
    ·2021-08-30
    Like
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    • OWYONG
      like
      2021-08-30
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    • tungleh
      Done
      2021-08-31
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  • Kelowee
    ·2021-08-30
    Comment like
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    • tungleh
      Done
      2021-08-31
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  • ERIC KHOO SG
    ·2021-08-30
    Up up to the sky
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  • ERIC KHOO SG
    ·2021-08-30
    Please let your shareholders become millionaire soon. Gamxia very much 
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    • Kelowee
      Yes
      2021-08-30
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  • AndrewL
    ·2021-08-30
    Nice info 👍
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    • Jinkachu
      like and comment
      2021-08-30
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  • Slee49
    ·2021-08-30
    Good read
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  • franklinzy
    ·2021-08-30
    Good news again, but will it reflect on graphs? Or is it gonna be buy on rumours sell on news again?
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    • Syin23
      Should be no sell on news, cause HK there didn't drop much...
      2021-08-30
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    • Senasim11
      Pre market is up
      2021-08-30
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    • Cindypoonyw
      Like
      2021-08-30
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  • brightsun
    ·2021-08-30
    Fly forever support you ha
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  • pet
    ·2021-08-30
    like pls
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    • LISEE
      done
      2021-08-30
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    • EriViL
      Like
      2021-08-30
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    • Stchua
      Done
      2021-08-30
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