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Profile & Fundamentals

Li Auto Profile & Fundamentals

Name: Li Auto financial chart data preview
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Company and Market Context

Company Profile & Ownership

Li Auto Inc. operates in the energy vehicle market in the People's Republic of China. The company designs, develops, manufactures, and sells premium smart electric vehicles. Its product line comprises multi-purpose vehicles and sport utility vehicles. The company offers sales and after sales management, and technology development and corporate management services, as well as manufacturing equipment. It offers its products through online and offline channels. The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Li Auto Inc. was founded in 2015 and is headquartered in Beijing, the People's Republic of China.

Company profile record

Li Auto Inc

Common Stock · Consumer Discretionary · Automobile Manufacturers

Official website

Company

Company / asset: Li Auto Inc
Security type: Common Stock
Sector: Consumer Discretionary
Industry: Automobile Manufacturers
HQ: 🇨🇳 China
Head office: 11 Wenliang Street, Beijing, China, 101399

Leadership & scale

Chief executive: Mr. Xiang Li
CEO year born: 1981
Full-time employees: 27K
Fiscal year end: December

Fundamentals snapshot

Updated 2026-09-12

Market Cap: HKD 91.6B
P/E: --
Revenue (Q2 26): CNY 25.6B
Profit (Q2 26): CNY -1.7B
Dividend Yield: --
Revenue (FY 25): CNY 109.4B
Shares in public float: 1B
Insider ownership: 33.99%

Reporting & identifiers

Symbol: 2015.HKEX
Listing: 🇭🇰 Hong Kong | Dividend Tax: 0%
Ticker Currency: HKD
Income Statement Currency: CNY
Balance Sheet Currency: CNY
Cash Flow Currency: CNY
EPS Currency: CNY
Contract Type: SPOT
ISIN: KYG5479M1050
Asset ID: equity_7cd4c68a-b632-5182-b1d1-52e55c3a2df3

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The headline financial results show a painful cyclical contraction that masks emerging operational stabilization. Full-year 2025 revenue contracted as brutal domestic discounting took hold, culminating in substantial first-half 2026 net losses. However, second-quarter 2026 revenue rebounded sequentially by 11.7% to 25.7 billion renminbi, while quarterly net losses narrowed by 26% to 1.70 billion renminbi. Crucially, operating cash flow turned positive at 15 million renminbi, signaling that operational cash burn has halted. Strong volume growth alongside flat revenue indicates that profitability challenges stem from temporary product mix shifts and industry price cutting rather than collapsing customer demand.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Profit margins suffered severe compression from historical peaks near 20% down to a trough of 7.9% in early 2026, driven by aggressive retail discounting and promotional allowances. However, second-quarter 2026 gross margin recovered to 11.0%, with vehicle margins rising 330 basis points to 9.4%. This sequential rebound confirms that margin destruction was a cyclical product-transition event rather than permanent impairment. As proprietary silicon replaces expensive merchant processors and higher-specification refreshed models scale, vehicle are positioned to rebuild toward mid-teens levels over the medium term.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2018-12-31	0	-336,851,453.49	-222,720,639.53	Not reported	Not reported	Not reported	Not reported
2019-12-31	40,857,327.59	-394,628,017.24	-347,395,689.66	-0.03	-653.6	-850.27	-965.87
2020-12-31	1,448,179,019.91	377,429,862.17	-23,224,655.44	16.38	-7.08	-1.6	26.06
2021-12-31	4,246,820,597.48	769,781,761.01	-50,543,238.99	21.33	-3.77	-1.19	18.13
2022-12-31	6,563,306,666.67	326,430,000	-291,625,362.32	19.41	-8.07	-4.44	4.97
2023-12-31	15,858,045,070.42	6,223,426,901.41	1,498,608,578.75	22.2	5.98	9.45	39.24
2024-12-31	18,592,013,642.21	1,055,744,916.34	1,033,764,478.76	20.53	4.86	5.56	5.68
2025-12-31	15,651,750,929.9	-1,833,607,153.08	156,700,429.18	18.68	-0.89	1	-11.72

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	116.32	Trailing four quarters
2024-12-31	24.59	Trailing four quarters
2023-12-31	24.92	Trailing four quarters

Shares outstanding — chart values
Reporting date	Shares outstanding
2018-01-01	127,500,000
2019-01-01	1,809,994,100
2020-01-01	1,809,288,300
2021-01-01	2,054,717,700
2022-01-01	2,091,167,100
2023-01-01	2,129,077,000
2024-01-01	2,133,794,000
2025-01-01	2,083,857,900
2026-01-01	2,014,198,000

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Dividends & Actions
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