Li Auto's Profit Drops Slightly in Q3

MT Newswires Live10-31

Li Auto (HKG:2015) recorded a slight decline in attributable net income for the three months ended Sept. 30 to 2.81 billion yuan from 2.82 billion yuan a year prior, a Thursday bourse filing said.

Earnings per share were 1.33 yuan in the quarter, down from 1.34 yuan in the corresponding period of 2023.

The automaker's total revenue rose by 24% to 42.9 billion yuan in the three months ended Sept. 30 from 34.7 billion yuan in the year-ago period.

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Comments

  • HRHRHRHR
    10-31
    HRHRHRHR
    Wrong information posted.  Accurate from Li Auto website as below Net Income and Net Earnings Per Share Net income was RMB2.8 billion (US$401.9 million) in the third quarter of 2024, representing an increase of 0.3% from RMB2.8 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.1 billion in the second quarter of 2024. Non-GAAP net income was RMB3.9 billion (US$548.8 million) in the third quarter of 2024, representing an increase of 11.1% from RMB3.5 billion in the third quarter of 2023 and an increase of 156.2% from RMB1.5 billion in the second quarter of 2024. Basic and diluted net earnings per ADS attributable to ordinary shareholders were RMB2.82 (US$0.40) and RMB2.66 (US$0.38) in the third quarter of 2024, respectively, compared with RMB2.86 and RMB2.67 in th
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