In the third quarter of 2023, Li Auto achieved outstanding performance, with revenue hitting a new high of 34.68 billion yuan.

Li Auto announced on November 9 that it achieved gratifying performance in the third quarter of 2023, achieving revenue of 34.68 billion yuan, a year-on-year increase of 271.2%, exceeding market expectations of 33.641 billion yuan. In addition, the company predicts that fourth-quarter revenue will fall between 38.46 billion yuan and 39.38 billion yuan

According to the editor’s understanding, Li Auto’s third-quarter delivery volume and financial Performance hit all-time highs. The delivery volume reached 105,108 units, a year-on-year increase of 296.3%, making it the sales champion of SUV models with a price of more than 300,000 yuan and new energy vehicles with a price of more than 300,000 yuan this quarter. Strong market demand for high-end models drove significant growth in revenue, achieving revenue of 34.68 billion yuan, a year-on-year increase of 271.2%. At the same time, operating profit and net profit reached 2.34 billion yuan and 2.81 billion yuan respectively, achieving profitability for four consecutive quarters.

The gross profit margin in the third quarter was 22.0%, maintaining a healthy level. Free cash flow reached 13.22 billion yuan, and the cash reserve at the end of the quarter reached 88.52 billion yuan.

Deliveries in the fourth quarter are expected to reach 125,000 to 128,000 vehicles, with the market estimate of 112,264 vehicles. Li Auto looks forward to the future and continues to maintain strong market performance

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