- Li Auto delivered 158,696 cars in the fourth quarter, below the lower end of its guidance range of 160,000 to 170,000 units.
- It had previously guided fourth-quarter revenue to be between RMB 43.2 billion ($5.94 billion) and RMB 45.9 billion, up 3.5 percent to 10.0 percent year-on-year.
Li Auto (NASDAQ: LI) announced today that it will report its unaudited financial results for the fourth quarter and full year 2024 on Friday, March 14, before the US markets open.
The company's management will host an earnings call at 8:00 am US Eastern time, or 8:00 pm Beijing time, on the same day.
Previously announced figures show that Li Auto delivered 158,696 vehicles in the fourth quarter, which was below the lower end of its guidance range of 160,000 to 170,000 vehicles.
Deliveries for the quarter were up 20.40 percent year-on-year and up 3.84 percent from the third quarter.
For the full year 2024, Li Auto delivered 500,508 vehicles, up 33.10 percent year-on-year.
When the company announced its third-quarter 2024 results on October 31 last year, it guided fourth-quarter revenue to be in the range of RMB 43.2 billion yuan ($5.94 billion) to 45.9 billion yuan, an increase of 3.5 percent to 10.0 percent from the previous year.
Li Auto reported record revenue of RMB 42.9 billion in the third quarter, up 23.6 percent from the third quarter of 2023 and up 35.3 percent from the second quarter of 2024.
It had a net income of RMB 2.82 billion for the third quarter, up 0.3 percent from the third quarter of 2023 and up 156.2 percent from the second quarter of 2024.
The company's gross margin was 21.5 percent in the third quarter, compared to 22.0 percent in the third quarter of 2023 and 19.5 percent in the second quarter of 2024.
Its 2025 product plans will be one of the focuses during the March 14 analyst call.
Li Auto announced on February 25 that its first all-electric SUV (sport utility vehicle) model is the Li i8 and shared the first 2 images to start warming up for the model.
The announcement of the Li i8 spurred investor sentiment, sending Li Auto's Hong Kong-traded shares up a cumulative total of about 20 percent over the past three trading days.
($1 = RMB 7.2717)
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