Li Auto Misses Revenue Mark but Exceeds Earnings Expectations in Q4 2024

Published 3 days agoLI

Li Auto Misses Revenue Mark but Exceeds Earnings Expectations in Q4 2024

Li Auto Inc. recently shared its financial results for the fourth quarter of 2024, revealing a revenue of 44.3 billion Chinese yuan (about $6.07 billion). This figure marked a 6.1% increase from the previous year but fell short of analysts' expectations of 44.6 billion yuan. However, the company reported adjusted net earnings per ADS of 3.79 yuan ($0.52), which were ahead of forecasts of 2.87 yuan. Vehicle deliveries also saw a significant boost, reaching 158,696 units, a 20.4% rise from the prior year, as reported by Benzinga.

Li Auto's gross margin dropped by 320 basis points compared to last year, down to 20.3%, affected by a decrease in vehicle margin to 19.7%. Despite this, the company's adjusted income from operations grew by 9.1% to $577.6 million. Adjusted net income faced a 12.0% decline, landing at $553.4 million, although the company maintained a hefty cash position of $15.5 billion at the end of 2024.

For the first quarter of 2025, Li Auto projects vehicle deliveries between 88,000 and 93,000 units, suggesting a potential year-over-year increase of 9.5% to 15.7%. The anticipated total revenue is expected to range from 23.4 billion to 24.7 billion yuan ($3.2 billion to $3.4 billion), implying a slight decrease compared to the same period last year. This cautious forecast reflects the company's ongoing strategic efforts to widen its product range and advance its autonomous driving technology, according to reporting from Nasdaq.

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