LI AUTO Exceeds Q1 Expectations and Provides Positive Outlook for Q2 FY23
May 12, 2023
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LI AUTO ($NASDAQ:LI) is a leading Chinese electric vehicle manufacturer and provider of electric mobility solutions. The company has recently announced that it has exceeded its Q1 revenue and profit forecasts, providing a positive outlook for Q2 of FY23. These results have easily surpassed the expectations of analysts, and indicate that the company is well-positioned for future success. In addition to its strong financial performance, Li Auto has provided its outlook for Q2 of FY 23.
Looking ahead, Li Auto is confident that its performance will continue to be strong in the quarters to come. The company has already secured a large number of orders for its vehicles, and is continuing to expand its customer base. This gives Li Auto an excellent foundation for continued success in the future.
Stock Price
On Wednesday, LI AUTO stock opened at $26.3 and closed at $28.2, soar by 13.9% from its previous closing price of 24.8. This was due to the company’s exceeding expectations for the first quarter of FY23. The strong performance in Q1 FY23 was supported by the increasing number of new car sales and the growing demand for services across China. Thanks to their continuous efforts and innovation, they have improved their user experience and delivered a better customer experience.
Going forward, the company is confident in the outlook for Q2 FY23. They remain committed to developing intelligent driving products and services, as well as actively expanding their market share in the new energy vehicle sector. With the continued promoting of their new products and services, they are expecting to achieve more positive results in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Li Auto. More…
| Total Revenues | Net Income | Net Margin |
| 54.51k | -1.07k | -2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Li Auto. More…
| Operations | Investing | Financing |
| 13.33k | -8.62k | 4.54k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Li Auto. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 94.01k | 47.38k | 47.25 |
Key Ratios Snapshot
Some of the financial key ratios for Li Auto are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 263.4% | – | -2.0% |
| FCF Margin | ROE | ROA |
| 15.5% | -1.5% | -0.7% |
Analysis
At GoodWhale, we specialize in analyzing fundamentals of stocks to provide comprehensive financial analysis and risk ratings. We recently analyzed LI AUTO‘s fundamentals and found that it has a medium risk rating, meaning it can be a good investment if you’re looking for moderate-risk investments. We’ve also detected two risk warnings in the balance sheet and cash flow statement of LI AUTO. With GoodWhale, you can quickly view LI AUTO’s financial statements, analyze their data, and get an overview of the company’s financial health. Register with us now to get a detailed report on LI AUTO’s financial performance. More…
Summary
The stock price reacted positively to the news and moved up on the same day.
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