On June 26, Li Auto-W declined 3.08% in regular trading, trading at HKD 46.14 per share, with turnover of HKD 175 million.
The automobile manufacturing sector experienced broad-based selling pressure, with BYD Company down 4.47%, NIO down 4.30%, Leapmotor down 5.17%, and XPeng down 3.47%. Li Auto's fundamentals remain under strain after reporting a Q1 net loss of RMB 2.276 billion, swinging from a profit of RMB 647 million in the year-ago period. Vehicle gross margin plunged to 6.1%, down 13.7 percentage points year-over-year, primarily due to a shift toward lower-priced models and declining average selling prices.
Despite aggressive share repurchases — including approximately HKD 200 million spent on over 4.19 million shares on June 25 alone — market sentiment toward earnings recovery remains subdued, and the stock has continued its downward trajectory. Xingye Securities maintained its Overweight rating, expecting profitability to gradually improve as new model deliveries ramp up.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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