LI Earnings Prediction
The chart below shows how LI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LI sees a +0.87% change in stock price 10 days leading up to the earnings, and a -1.90% change 10 days following the report. On the earnings day itself, the stock moves by -3.94%. This data can give you a slight idea of what to expect for the next quarter's release.
LI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
42.87B
23.63%
35.34%
Gross Margin
21.52%
-2.36%
10.36%
Operating Margin
8.01%
18.67%
441.22%
Net Margin
6.58%
-18.87%
89.08%
EPS
1.32
-0.75%
153.85%
No Data Available
LI Earnings Analysis
Li Auto Inc. American Depositary Shares Corporation (LI.O) Earnings Conference Call
Positive
Vehicle Delivery Growth: Li Auto delivered over 152,000 vehicles in Q3, up 45.4% year-over-year, increasing market share to 17.3%.
Record Revenue Achievement: Total revenues reached a record high of RMB42.9 billion, up 23.6% year-over-year and 35.3% quarter-over-quarter.
Gross Profit Surge: Gross profit in Q3 was RMB9.2 billion, up 20.7% year-over-year and 49.3% quarter-over-quarter, with a gross margin of 21.5%.
Operating Income Surge: Operating income hit RMB3.4 billion, up 46.7% year-over-year and 633.4% quarter-over-quarter, with an operating margin of 8%.
Milestone Vehicle Deliveries: Li Auto achieved a milestone of 1 million cumulative vehicle deliveries in just 58 months, the fastest among emerging NEV brands in China.
Negative
Gross Margin Decline: 1. Declining Gross Margin: Gross margin decreased to 21.5% in Q3 2024 from 22% in Q3 2023, indicating a decline in profitability despite increased revenues.
Rising Operating Expenses: 2. Increased Operating Expenses: Operating expenses rose by 9.2% year-over-year to RMB5.8 billion, driven by a 32.1% increase in SG&A expenses due to higher employee compensation costs.
Free Cash Flow Drop: 3. Free Cash Flow Decline: Free cash flow fell to RMB9.1 billion in Q3 2024, down from RMB13.2 billion in the same period last year, reflecting a significant decrease in cash generation.
Decreased Average Selling Price: 4. Lower Average Selling Price: The average selling price of vehicles decreased due to a different product mix, negatively impacting revenue despite higher vehicle deliveries.
Q4 Vehicle Delivery Outlook: 5. Conservative Q4 Guidance: The company expects Q4 vehicle deliveries to be between 160,000 and 170,000 units, which represents a modest year-over-year increase of only 21.4% to 29%, indicating potential market saturation.
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LI Earning Call Sentiment
Li Auto Inc. (LI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LI.O
1.72%Positive
The earnings call summary reveals strong financial performance with revenue and net income growth, improved operating margins, and a robust cash position. Despite a slight decline in gross margin, the company is expanding its market share and charging network. The Q&A section highlights optimistic future growth, especially in the high-end market, and strategic overseas expansion. The management's cautious approach to new product announcements suggests confidence in future launches. The positive outlook on sales and operational efficiency, along with a strong share repurchase program, indicates a likely positive stock price reaction.