LI AUTO Reports Record-Breaking Earnings for Q2 of FY2023
August 20, 2023
🌥️Earnings Overview
On June 30, 2023, LI AUTO ($NASDAQ:LI) announced their financial results for the second quarter of FY2023. Total revenue for the quarter was CNY 28652.7 million, a dramatic increase from the CNY 8732.6 million reported in Q2 of the prior year. Net income also experienced a significant rise, jumping to CNY 2293.2 million from a net loss of CNY 618.0 million in the same quarter of the previous year.
Share Price
On Tuesday, LI AUTO reported record-breaking earnings for the second quarter of FY2023. This news sent their stock soaring in the market, with the opening price of $42.7.
However, the stock closed at $42.6, a drop of 8.6% from its previous closing price of 46.6. Despite this setback, the company is confident that their success will continue in the long term as they are well-positioned to capitalize on the growing demand for electric vehicles and autonomous driving technologies in China. The company is dedicated to leading the industry with innovative solutions and technologies that will benefit consumers. Their continued investments and efforts in developing top-notch products will ensure their success for many years to come. 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 |
| 74.43k | 1.84k | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Li Auto. More…
| Operations | Investing | Financing |
| 23.31k | -307.21 | 1.66k |
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 |
| 103.12k | 53.88k | 49.72 |
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 |
| 442.0% | – | 2.6% |
| FCF Margin | ROE | ROA |
| 23.6% | 2.5% | 1.2% |
Analysis
GoodWhale has analyzed the financials of LI AUTO and our star chart has classified it as a ‘cheetah’. From our analysis, we can see that LI AUTO is strong in terms of assets and growth, but weak in dividend and profitability. Despite this, LI AUTO still has a high health score of 8/10 with regards to its cashflows and debt, meaning that it is capable of sustaining future operations in times of crisis. Given the company’s profile, we believe that investors who are willing to take on higher levels of risk may be more interested in investing in LI AUTO. Those looking for quick returns, or a reliable long-term dividend income may be less keen on such an investment. More…
Summary
Investors in LI AUTO have had a positive outlook on the company’s performance following its second quarter FY2023 earnings announcement. Total revenue for the quarter was CNY 28652.7 million, a significant increase from the CNY 8732.6 million reported in the same quarter of the previous year, while net income rose to CNY 2293.2 million, compared to a net loss of CNY 618.0 million in the same quarter of the previous year. Despite this positive news, stock prices took a dip on the same day, possibly due to investor apprehension over the sustainability of these impressive figures. Nonetheless, with a strong line of core products and services and a track record of sound financial performance, LI AUTO is likely to remain a reliable investment option in the long-term.
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