Chinese EV Maker Li Auto Reports Profit Beat on Cost Controls [Financial Post (Toronto, Ontario, Canada)]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Li Auto Inc. reported better-than-expected third-quarter results, as the company's production costs started to stabilize and efficiency measures came into effect. Founded in 2015, the automaker was the third new-energy vehicle manufacturer to achieve profitability after only Tesla Inc. and BYD Co. In the three months ended Sept. 30, Li Auto posted an adjusted net income of 3.9 billion yuan ($541 million), while analysts were expecting 3 billion yuan on average, data compiled by Bloomberg showed. Revenue jumped 24% to 42.9 billion yuan from the same period a year ago, as the company shipped 152,831 vehicles to its customers, marking a year-on-year growth of 45.4%, according to a statement filed Thursday. It also beat the analysts' forecast of 41.4 billion yuan. Gross margin in the period dropped to 21.5%. It now looks to deliver as many as 170,00
Show less
Read more
Impact Snapshot
Event Time:
LI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LI alerts
High impacting Li Auto Inc. - American Depositary Shares news events
Weekly update
A roundup of the hottest topics
LI
News
- Li Auto Inc. Announces Unaudited Third Quarter 2024 Financial ResultsGlobeNewswire
- Ex-Baidu AI Scientist Becomes A Billionaire After Shares Of His Self-Driving Tech Startup Jumps 16% [Forbes]Forbes
- China Market Update: Reuters' RMB 10 Trillion Stimulus Article Lifts US-Listed China Stocks Pre-Market [Forbes]Forbes
- Gen AI and 500 Sensors: I Tested a Car That Just Wants to Get to Know Me Better [CNET News]CNET News
- Li Auto Inc. Sponsored ADR (LI) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
LI
Sec Filings
- 10/31/24 - Form 6-K
- 10/21/24 - Form 6-K
- 10/7/24 - Form 6-K
- LI's page on the SEC website