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Already they are facing resistance, what about TSLA? In tandem with LI's forecast for Q2?

Li Auto Dropped 12% After Profit Fell on Higher Operating Expenses

Li Auto press release : Q1 Non-GAAP EPADS of $0.17 misses by $0.03. Revenue of $3.6B misses by $200M. Total deliveries for the first quarter of 2024 were 80,400 vehicles, representing a 52.9% year-over-year increase. Net cash used in operating activities was $462.9 million in the first quarter of 2024. Free cash flow was negative $700.1 million in the first quarter of 2024. In April 2024, the company delivered 25,787 vehicles, representing an increase of 0.4% from April 2023. Cash position was $13.7 billion as of March 31, 2024. Business Outlook For the second quarter of 2024, the company expects: Deliveries of vehicles to be between 105,000 and 110,000 vehicles, representing an increase of 21.3% to 27.1% from the second quarter of 2023. Total revenues to be between RMB29.9 billion and RMB31.4 billion , representing an increase of 4.2% to 9.4% from the second quarter of 2023.

Li Auto Dropped 12% After Profit Fell on Higher Operating Expenses

# Plunge 18%! At What Price Would You Bottom LI?

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":307909648293976,"tweetId":"307909648293976","gmtCreate":1716195094319,"gmtModify":1716263290051,"author":{"id":3576157343730083,"authorId":3576157343730083,"authorIdStr":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":35,"starInvestorFlag":false},"themes":[{"themeId":"aa6ba35f03944b51864060c8be7e7d5c","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"Plunge 18%! At What Price Would You Bottom LI?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":aa6ba35f03944b51864060c8be7e7d5c}&rnconfig={\"headerBarHidden\": true}","description":"Li Auto announced its Q1 2024 results, with net profit declining quarter-on-quarter.\nThe financial report shows that in the first quarter of 2024, Li Auto's total revenue was 25.6 billion yuan, of which automotive sales revenue was 24.3 billion yuan, a year-on-year increase of 32.3% but a quarter-on-quarter decrease of 39.9%.\n-----------\nAt what price would you bottom Li Auto?\nWhat's your target price after the earnings plunge?","image":"https://community-static.tradeup.com/news/286a2823ad19ef245c031be8b0d37193"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Already they are facing resistance, what about TSLA? In tandem with LI's forecast for Q2?</p></body></html>","htmlText":"<html><head></head><body><p>Already they are facing resistance, what about TSLA? In tandem with LI's forecast for Q2?</p></body></html>","text":"Already they are facing resistance, what about TSLA? In tandem with LI's forecast for Q2?","highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/307909648293976","repostId":2436174124,"repostType":2,"repost":{"id":"2436174124","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1716212583,"share":"https://www.laohu8.com/m/news/2436174124?lang=&edition=full","pubTime":"2024-05-20 21:43","market":"hk","language":"en","title":"Li Auto Dropped 12% After Profit Fell on Higher Operating Expenses","url":"https://stock-news.laohu8.com/highlight/detail?id=2436174124","media":"Dow Jones","summary":"Li Auto press release : Q1 Non-GAAP EPADS of $0.17  misses by $0.03. Revenue of $3.6B   misses by $200M. Total deliveries for the first quarter of 2024 were 80,400 vehicles, representing a 52.9% year-over-year increase. Net cash used in operating activities was $462.9 million in the first quarter of 2024.  Free cash flow was negative $700.1 million in the first quarter of 2024. In April 2024, the company delivered 25,787 vehicles, representing an increase of 0.4% from April 2023.  Cash position was $13.7 billion as of March 31, 2024.  Business Outlook For the second quarter of 2024, the company expects:  Deliveries of vehicles to be between 105,000 and 110,000 vehicles, representing an increase of 21.3% to 27.1% from the second quarter of 2023. Total revenues to be between RMB29.9 billion  and RMB31.4 billion , representing an increase of 4.2% to 9.4% from the second quarter of 2023.","content":"<html><head></head><body><p>Li Auto dropped 12% in Monday trading after it reported earnings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/054da729844723ef6d30fa62a0a3de72\" title=\"\" tg-width=\"478\" tg-height=\"426\"/></p><p>Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.</p><p style=\"text-align: start;\">The Chinese hybrid-vehicle specialist said Monday that first-quarter net profit fell 36% from a year earlier to 592.6 million yuan ($82.0 million). That was well short of estimates for CNY1.63 billion in a FactSet poll of analysts and marked a 90% drop from the fourth quarter, when Li Auto posted a record number of vehicle deliveries.</p><p>Li Auto swung to an operating loss in the first quarter, with operating expenses up 71% from a year ago, partly due to higher staff levels and the expansion of its sales and servicing network. The bottom line was supported by higher net interest income and investment income, which more than doubled.</p><p>Revenue rose 36% to CNY25.63 billion, just above analysts’ estimates of CNY25.42 billion. Li Auto delivered 80,400 vehicles in the first quarter, up from 52,584 a year ago but down from nearly 132,000 in the fourth quarter.</p><p>Second-quarter vehicle deliveries are expected at 105,000 to 110,000 units versus the market’s expectation of some 130,692 units.</p><p>The Beijing-based company’s Nasdaq-listed ADRs, down 34% this year, fell 4.2% in premarket trading.</p><p>Li Auto has hit speed bumps in 2024 after weaker-than-expected orders for the MEGA, its first fully electric vehicle. Soon after the EV’s debut in March, Li Auto cut its first-quarter sales target, citing missteps in rollout strategy.</p><p>Still, the company maintained its status as one of the few Chinese EV makers with a gross margin above 20%. Its first-quarter gross margin was 20.6%, up from 20.4% a year earlier and down from 23.5% in the fourth quarter. Rival BYD, the world’s largest maker of EVs, recently reported a gross margin of 21.9% in the first quarter.</p><p>Li Auto’s vehicle margin slipped to 19.3% from 19.8% a year ago and 22.7% in the fourth quarter, hurt by lower average selling prices as the company changed pricing strategy, it said.</p><p>Li Auto has been among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres, <u>Tesla</u>, BYD and <u>XPeng</u>. The company cut prices across the board last month.</p><p>Investors are hoping that sales will recover in May, supported by a government trade-in program and orders for its L6, a five-seat premium SUV launched last month.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto Dropped 12% After Profit Fell on Higher Operating Expenses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLi Auto Dropped 12% After Profit Fell on Higher Operating Expenses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-20 21:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Li Auto dropped 12% in Monday trading after it reported earnings.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/054da729844723ef6d30fa62a0a3de72\" title=\"\" tg-width=\"478\" tg-height=\"426\"/></p><p>Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.</p><p style=\"text-align: start;\">The Chinese hybrid-vehicle specialist said Monday that first-quarter net profit fell 36% from a year earlier to 592.6 million yuan ($82.0 million). That was well short of estimates for CNY1.63 billion in a FactSet poll of analysts and marked a 90% drop from the fourth quarter, when Li Auto posted a record number of vehicle deliveries.</p><p>Li Auto swung to an operating loss in the first quarter, with operating expenses up 71% from a year ago, partly due to higher staff levels and the expansion of its sales and servicing network. The bottom line was supported by higher net interest income and investment income, which more than doubled.</p><p>Revenue rose 36% to CNY25.63 billion, just above analysts’ estimates of CNY25.42 billion. Li Auto delivered 80,400 vehicles in the first quarter, up from 52,584 a year ago but down from nearly 132,000 in the fourth quarter.</p><p>Second-quarter vehicle deliveries are expected at 105,000 to 110,000 units versus the market’s expectation of some 130,692 units.</p><p>The Beijing-based company’s Nasdaq-listed ADRs, down 34% this year, fell 4.2% in premarket trading.</p><p>Li Auto has hit speed bumps in 2024 after weaker-than-expected orders for the MEGA, its first fully electric vehicle. Soon after the EV’s debut in March, Li Auto cut its first-quarter sales target, citing missteps in rollout strategy.</p><p>Still, the company maintained its status as one of the few Chinese EV makers with a gross margin above 20%. Its first-quarter gross margin was 20.6%, up from 20.4% a year earlier and down from 23.5% in the fourth quarter. Rival BYD, the world’s largest maker of EVs, recently reported a gross margin of 21.9% in the first quarter.</p><p>Li Auto’s vehicle margin slipped to 19.3% from 19.8% a year ago and 22.7% in the fourth quarter, hurt by lower average selling prices as the company changed pricing strategy, it said.</p><p>Li Auto has been among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres, <u>Tesla</u>, BYD and <u>XPeng</u>. The company cut prices across the board last month.</p><p>Investors are hoping that sales will recover in May, supported by a government trade-in program and orders for its L6, a five-seat premium SUV launched last month.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4555":"新能源车","BK4526":"热门中概股","BK4588":"碎股","02015":"理想汽车-W","BK4099":"汽车制造商","BK4503":"景林资产持仓","BK4563":"昨日强势股","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","LI":"理想汽车","BK4585":"ETF&股票定投概念"},"source_url":"https://seekingalpha.com/news/4108176-li-auto-misses-top-line-and-bottom-line-estimates-initiates-q2-outlook","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2436174124","content_text":"Li Auto dropped 12% in Monday trading after it reported earnings.Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.The Chinese hybrid-vehicle specialist said Monday that first-quarter net profit fell 36% from a year earlier to 592.6 million yuan ($82.0 million). That was well short of estimates for CNY1.63 billion in a FactSet poll of analysts and marked a 90% drop from the fourth quarter, when Li Auto posted a record number of vehicle deliveries.Li Auto swung to an operating loss in the first quarter, with operating expenses up 71% from a year ago, partly due to higher staff levels and the expansion of its sales and servicing network. The bottom line was supported by higher net interest income and investment income, which more than doubled.Revenue rose 36% to CNY25.63 billion, just above analysts’ estimates of CNY25.42 billion. Li Auto delivered 80,400 vehicles in the first quarter, up from 52,584 a year ago but down from nearly 132,000 in the fourth quarter.Second-quarter vehicle deliveries are expected at 105,000 to 110,000 units versus the market’s expectation of some 130,692 units.The Beijing-based company’s Nasdaq-listed ADRs, down 34% this year, fell 4.2% in premarket trading.Li Auto has hit speed bumps in 2024 after weaker-than-expected orders for the MEGA, its first fully electric vehicle. Soon after the EV’s debut in March, Li Auto cut its first-quarter sales target, citing missteps in rollout strategy.Still, the company maintained its status as one of the few Chinese EV makers with a gross margin above 20%. Its first-quarter gross margin was 20.6%, up from 20.4% a year earlier and down from 23.5% in the fourth quarter. Rival BYD, the world’s largest maker of EVs, recently reported a gross margin of 21.9% in the first quarter.Li Auto’s vehicle margin slipped to 19.3% from 19.8% a year ago and 22.7% in the fourth quarter, hurt by lower average selling prices as the company changed pricing strategy, it said.Li Auto has been among a handful of profitable Chinese EV makers, but it faces intense price competition from rivals including Huawei-backed Seres, Tesla, BYD and XPeng. The company cut prices across the board last month.Investors are hoping that sales will recover in May, supported by a government trade-in program and orders for its L6, a five-seat premium SUV launched last month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA","LI","02015"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":75,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}