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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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment24

  • Yinasim
    ·2021-09-01
    Looks good!  Jia you!
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  • Lestersaul
    ·2021-08-31
    [財迷]
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  • Tanyl
    ·2021-08-31
    I strongly support Li Auto
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  • FrickL
    ·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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  • All in Tesla
    ·2021-08-31
    Any EV start up needs to scale production in order to boost revenue and gross margins ?
    Reply
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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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    • 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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    • tungleh
      Done
      2021-08-31
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    • OWYONG
      like
      2021-08-30
      Reply
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  • Kelowee
    ·2021-08-30
    Comment like
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    • tungleh
      Done
      2021-08-31
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  • erickhoosg
    ·2021-08-30
    Up up to the sky
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  • erickhoosg
    ·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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    • Cindypoonyw
      Like
      2021-08-30
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    • Sena11
      Pre market is up
      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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