Li Auto Inc（LI）の財務LILi Auto Inc

Li Auto Inc. (LI) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Vehicles Sales, accounting for 93.7% of total sales, equivalent to CNY 21.53B. Another important revenue stream is Other sales and services. Understanding this composition is critical for investors evaluating how LI navigates market cycles within the Auto & Truck Manufacturers industry.

Evaluating the bottom line, Li Auto Inc. maintains a gross margin of 11.05%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -8.96%, while the net margin is -6.64%. These profitability ratios, combined with a Return on Equity (ROE) of -6.66%, provide a clear picture of how effectively LI converts its operational activities into shareholder value.

In the context of the broader market, LI competes directly with industry leaders such as RACE and XPEV. With a market capitalization of $11.60B, it holds a significant position in the sector. When comparing efficiency, LI's gross margin of 11.05% stands against RACE's 52.59% and XPEV's 20.68%. Such benchmarking helps identify whether Li Auto Inc. is trading at a premium or discount relative to its financial performance.

Li Auto's recent financial performance shows declining revenues, with Q2 2026 revenues at approximately $3.8 billion, down over 15% year-over-year. The gross margin has also decreased significantly, dropping to 11.05% in Q2 2026 from 20.26% in Q4 2024, indicating challenges in maintaining profitability.