Li Auto Inc.

NASDAQ•LI

執行長: Mr. Xiang Li

板塊: Consumer Cyclical

行業: Auto - Manufacturers

上市日期: 2020-07-30

Li Auto Inc. operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment. The company 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.

聯絡資訊

11 Wenliang Street, Shunyi District, Beijing, 101399, China

86-10-8742-7209

www.lixiang.com

市值

$18.66B

本益比 (TTM)

111.6

227.5

股息率

52周最高

$32.03

52周最低

$15.71

52周範圍

17%

排名41Top 44.9%

4.0

F-Score

改良版 Piotroski 分析

基於 7 年期基本面

一般 • 4 / 9 分

評分區間 (0-9)

8-9: 價值優異

6-7: 基本面強勁

4-5: 整體穩健

0-3: 表現疲弱

資料區間: 2019-2025

財務儀表板

Q4 2025 數據

營業收入

$4.00B+0.00%

近4季度走勢

每股收益

$0.00+0.00%

近4季度走勢

自由現金流

$134.16M+0.00%

近4季度走勢

2024 Annual 財報亮點

核心亮點

Revenue and Delivery Scale Total revenues reached 144.5B RMB in 2024, up 16.6% from 2023; cumulative deliveries surpassed 1.13M units.

Gross Profit Increased Gross profit grew to 29.7B RMB in 2024, an increase from 27.5B RMB reported in the prior year.

BEV Market Entry Achieved Launched Li MEGA BEV in March 2024, marking entry into the BEV segment alongside established EREV line.

關注風險

Net Income and Margin Pressure Net income decreased to 8.0B RMB in 2024 from 11.8B RMB in 2023; operating margin fell to 4.9%.

Cash Flow and Capital Spending Operating cash flow dropped to 15.9B RMB in 2024; investing activities used 41.1B RMB for expansion.

Reliance on Limited Models Business substantially depends on current limited vehicle models; future sales risk if variety/design fails to meet consumer expectations.

PRC Regulatory Structure Risk Reliance on VIE structure faces uncertainty as PRC laws evolve; adverse government action could force relinquishing interests.

未來展望

Continued Technology Investment Expect R&D expenses to remain significant, reaching 11.1B RMB in 2024, focusing on EV and intelligent platform capabilities.

Expanding Product Lineup Launched Li L6 model in April 2024, targeting younger families, continuing product lineup expansion strategy.

Advancing Charging Infrastructure Building HPC network, aiming for 500 km range with 12-minute charge capability using 800-volt electric drive system.

Open Source Operating System Launched proprietary Li Halo OS in March 2025, committing to open-sourcing the operating system for smart vehicles.

同行對比

營業收入 (TTM)

STLA

$343.12B

-15.8%

HMC

$143.35B

-1.5%

PHM

$17.31B

-3.5%

毛利率 (最新季度)

69.9%

+1.0pp

QSR

47.5%

+13.6pp

WSM

46.9%

-0.7pp

關鍵指標

股票代碼	市值	本益比 (TTM)	股東權益報酬率 (TTM)	負債率
HMC	$31.96B	10.3	4.1%	41.2%
QSR	$25.53B	33.4	23.1%	68.6%
ULTA	$23.93B	21.0	44.1%	31.2%

長期趨勢

近4季度

營業收入

淨利

營運現金流

4季度營業收入複合增長率

3.9%

溫和增長

4季度淨利複合增長率

-78.4%

盈利能力下滑

現金流穩定性

25%

現金流需要關注

深度研究

下次財報:2026年5月26日

每股收益:-$0.23

營業收入:$3.57B

財務數據

電話會議

財務報告

新聞

損益表

資產負債表

現金流量表

財務比率

變化率

損益表	過去12個月

無資料