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Li Auto | 6-K: Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

SEC announcement ·  Feb 26 08:25
Summary by Moomoo AI
Li Auto Inc., a leader in China's new energy vehicle market, reported its unaudited financial results for the fourth quarter and full year of 2023. The company, listed on Nasdaq and HKEX under the ticker LI, saw a significant increase in vehicle deliveries, with 131,805 vehicles in Q4 2023, marking a 184.6% year-over-year increase, and a total of 376,030 vehicles for the full year, up 182.2% from 2022. Total revenues for Q4 reached RMB41.73 billion (US$5.88 billion), a 136.4% increase from the same period in 2022, while full-year revenues hit RMB123.85 billion (US$17.44 billion), up 173.5% from the previous year. The company's gross profit for Q4 was RMB9.79 billion (US$1.38 billion), and its net income skyrocketed to RMB5.75 billion (US$810.2 million), a 2,068.2% increase from Q4 2022. Li Auto also reported a strong cash position...Show More
Li Auto Inc., a leader in China's new energy vehicle market, reported its unaudited financial results for the fourth quarter and full year of 2023. The company, listed on Nasdaq and HKEX under the ticker LI, saw a significant increase in vehicle deliveries, with 131,805 vehicles in Q4 2023, marking a 184.6% year-over-year increase, and a total of 376,030 vehicles for the full year, up 182.2% from 2022. Total revenues for Q4 reached RMB41.73 billion (US$5.88 billion), a 136.4% increase from the same period in 2022, while full-year revenues hit RMB123.85 billion (US$17.44 billion), up 173.5% from the previous year. The company's gross profit for Q4 was RMB9.79 billion (US$1.38 billion), and its net income skyrocketed to RMB5.75 billion (US$810.2 million), a 2,068.2% increase from Q4 2022. Li Auto also reported a strong cash position of RMB103.67 billion (US$14.60 billion) as of December 31, 2023. The company's performance was bolstered by the release of OTA version 5.0 for the Li L series, enhancing autonomous driving and smart space, and its inclusion in the Hang Seng Index from December 4, 2023. Looking ahead to Q1 2024, Li Auto forecasts vehicle deliveries between 100,000 and 103,000 and total revenues between RMB31.25 billion (US$4.40 billion) and RMB32.19 billion (US$4.53 billion).

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