[UpcomingLive] Li Auto Q4 & Full-year Earnings Conference Call

$Li Auto (LI.US)$ , an innovator in China’s new energy vehicle market, will report its unaudited financial results for the fourth quarter and full-year 2020 before the U.S. market opens on Thursday, February 25, 2021. The Company’s management will hold an earnings conference call the same day at 7:30 AM EST or 4:30 AM PST. Our platform @moo_Live will broadcast the earnings conference call in sync for $Li Auto (LI.US)$ shareholders to get the latest information.

Li Auto is one of a handful of electric vehicle makers that absolutely blistered the markets last year. On February 18, Li Auto announced that its cumulative deliveries had exceeded 40,000 units, setting a record for the fastest delivery of EV market. Analysts expect the company to post a loss per share of $0.04 on sales of $564.8 million in the fourth quarter. For the full 2020 fiscal year, analysts are projecting a net loss per share of $0.14 on sales of $1.4 billion. The China-based carmaker is expected to lose $0.02 per share in 2022 on sales of almost $3 billion.

The company reported revenue of $369.8 million in the third quarter of 2020, up 28.9% from $301.5 million in the second quarter. The growth in revenue was mainly due to the rapid growth in new vehicle deliveries. Of that, $363 million was from vehicle sales, up 28.4% from $297.3 million in the second quarter. According to Li Auto, the increase in gross profit margin is mainly due to the decrease in the purchase price of some parts, as well as the manufacturing cost of a single vehicle brought about by the increase in production. Scale effect begins to appear.

If you are interested, come follow @moo_Live and stay tuned! We look forward to seeing you online!