Understanding the Market | LI AUTO-W Surges Over 4%, L6 Cumulative Deliveries Exceed 100,000 Vehicles, Automotive Gross Margin Expected to Further Unleash
LI AUTO-W rose more than 4%, as of the deadline for submission, it rose by 4.06% to HKD 82.1, with a turnover of HKD 8.65 billion. On the news front, LI AUTO announced today that LI ONE has been listed for 5 months, with cumulative deliveries exceeding 100,000 vehicles. TF Securities pointed out that the company's fundamentals in Q3-Q4 are expected to gradually improve. In addition, with the accelerated introduction of subsidies and preferential policies in various regions, the overall demand side momentum is expected to increase. The bank expects the automobile gross profit margin to further release, judging that LI AUTO is expected to release elasticity from gross profit and net profit in the second half of the year. The bank gives LI AUTO a "buy" rating, expecting the company's adjusted net profit for 2024/2025 to be RMB 10.5 billion/14.8 billion (previous value for 2024 was RMB 13.9 billion)
According to the information from Zhitong Finance APP, LI AUTO-W (02015) rose by more than 4%, as of the time of publication, it increased by 4.06% to HKD 82.1, with a turnover of HKD 865 million.
On the news front, LI AUTO announced today that LI ONE has been listed for 5 months, with cumulative deliveries exceeding 100,000 units. TF Securities pointed out that the company's fundamentals in Q3-Q4 are expected to gradually improve. In addition, with the accelerated introduction of subsidies and preferential policies in various regions, the overall demand side momentum is expected to increase. The bank expects the automobile gross profit margin to further release, judging that LI AUTO is expected to release elasticity in gross profit and net profit in the second half of the year. The bank gives LI AUTO a "buy" rating, expecting the company's adjusted net profit for 2024/2025 to be RMB 10.5 billion/14.8 billion (previous value for 2024 was RMB 13.9 billion)