"Stock Market Brief" Li Auto's U.S. stock pre-market once fell 3.8%, with adjusted net profit in the first quarter down 20% year-on-year
"Stock Market Brief" Li Auto's U.S. stock pre-market once fell 3.8%, with adjusted net profit in the first quarter down 20% year-on-year
"Stock Market Brief" Li Auto's US stock pre-market once fell 3.8%, with adjusted net profit in the first quarter down 20% year-on-year
\* Chinese electric vehicle company Li Auto's US stock LI.O fell 3.8% in pre-market trading on Thursday; the company previously announced that its adjusted (Non-GAAP) net profit in the first quarter decreased by 20% year-on-year.
\* During the same period, Nio's US stock NIO.N and XPeng's US stock XPEV.N rose by 2.5% and 5.4%, respectively.
\* Li Auto's financial report shows that its adjusted net profit in the first quarter was 1.02 billion yuan, compared to 1.28 billion yuan in the same period last year, representing a year-on-year decline of 20.3%; revenue was 25.9 billion yuan, an increase of 1.1% year-on-year, but a decrease of 41.4% quarter-on-quarter.
Previously, LSEG's comprehensive analyst expectations for Li Auto's first-quarter revenue averaged 25.08 billion yuan.
\* Li Auto's Hong Kong stock 2015.HK closed down 0.6% on Thursday, with its US and Hong Kong stocks up 16.2% and 15.2%, respectively, year-to-date.
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(Reported by Wang Zhenzhen; Edited by Lin Gaoli)
(( jenny.wang@thomsonreuters.com))
