In This Article:
Li Auto (NASDAQ:LI) Full Year 2024 Results
Key Financial Results
-
Revenue: CN¥144.5b (up 17% from FY 2023).
-
Net income: CN¥8.03b (down 31% from FY 2023).
-
Profit margin: 5.6% (down from 9.5% in FY 2023). The decrease in margin was driven by higher expenses.
-
EPS: CN¥8.06 (down from CN¥11.90 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Li Auto EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%.
In the last 12 months, the only revenue segment was Auto Manufacturers contributing CN¥144.5b. Notably, cost of sales worth CN¥114.8b amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥12.2b (54% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥1.01b. Explore how LI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Li Auto you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.