LI AUTO Reports Significant Increase in Revenue for Q2 of FY2023 with CNY 28652.7 Million
August 19, 2023
☀️Earnings Overview
On June 30, 2023, LI AUTO ($NASDAQ:LI) reported its financial results for the second quarter of FY2023, with total revenue of CNY 28652.7 million, which is an impressive surge from the CNY 8732.6 million reported during the same period last year. Additionally, their net income for the quarter was CNY 2293.2 million, a significant improvement compared to the CNY -618.0 million reported in the same period of the previous year.
Stock Price
On Tuesday, LI AUTO reported a significant increase in revenue for the second quarter of fiscal year 2023 with a total of CNY 28652.7 million. Despite this impressive news, the public reaction was not as positive as expected, with LI AUTO stock opening at $42.7 and closing at $42.6, a drop of 8.6% from the prior closing price of $46.6. However, despite this slight dip in stock prices, many analysts remain bullish about LI AUTO’s long-term prospects. Furthermore, LI AUTO is planning to expand into new markets as well as increase its production capabilities, both of which could result in a surge in their stock prices 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 |
| 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
At GoodWhale, we conducted an analysis of LI AUTO‘s financials and found it to be a medium risk investment in terms of financial and business aspects. We determined this risk rating based on a thorough examination of their balance sheet and cashflow statement. We even detected 2 specific risk warnings – if you register with us, you can check them out. Ultimately, our analysis shows that LI AUTO is a mid-level risk investment, but with some potential reward. More…
Summary
Investors should take a closer look at LI AUTO‘s second quarter results for FY2023, which reported total revenue of CNY 28652.7 million, a remarkable increase from the CNY 8732.6 million reported in the same period a year prior. Net income was also notably higher at CNY 2293.2 million, compared to CNY -618.0 million in the same period in the previous year. Despite this impressive financial performance, the stock price has moved down the same day. While this unexpected movement may warrant further investigation, the underlying financial numbers suggest that LI AUTO is continuing to grow and should be viewed as a promising investment opportunity.
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