Chinese EV Maker Li Auto Q2 Earnings: EPS Beat, 25% Deliveries Growth, Margin Struggles And More
Chinese EV Maker Li Auto Q2 Earnings: EPS Beat, 25% Deliveries Growth, Margin Struggles And More
The vehicle Li Auto Inc (NASDAQ:LI) reported fiscal second-quarter 2024 revenue growth of 10.6% year-on-year to $4.36 billion, marinally missing the analyst consensus of $4.45 billion.
理想汽车(纳斯达克:LI)报告称，2024财年第二季度营业收入同比增长10.6%，达到了43.6亿美元，略低于分析师的预期445亿美元。
It clocked an adjusted net earnings per ADS of $0.20, which beat the analyst consensus of $0.19.
每股美国存托凭证调整后净收益为0.20美元，超过了分析师的预期0.19美元。
Vehicle sales increased 8.4% to $4.2 billion, mainly due to the increase in vehicle deliveries. Total vehicle deliveries were 108,581 units in the quarter, a 25.5% year-over-year increase.
销售额增加了8.4%，达到了42亿美元，这主要是由于车辆交付量的增加。本季度总交付量为108,581辆，同比增长了25.5%。
The vehicle margin declined by 230 bps year over year to 21.0%, mainly due to changes in product mix and pricing strategy. The gross margin decreased by 230 bps year over year to 21.8%, mainly due to reduced vehicle margin.
由于产品组合和定价策略的变化，车辆毛利率同比下降了230个基点，降至21.0%。毛利率同比下降了230个基点，降至21.8%，主要是由于车辆毛利率的减少。
Adjusted income from operations was $119.7 million, down by 57.4% Y/Y. Adjusted net income plunged 44.9% Y/Y to $206.8 million.
经调整的营业收入为119.7百万元，同比下降57.4%。经调整的净收入为2,068.0百万元，同比下降了44.9%。
Li Auto held cash and equivalents of $13.4 billion as of June 30, 2024, and used $59.1 million in operating cash flow for the quarter.
截至2024年6月30日，理想汽车持有现金及等价物134亿美元，并在本季度运营现金流中使用了591.0百万元。
As of June 30, 2024, the company had 497 retail stores covering 148 cities, 421 servicing centers, Li Auto-authorized body and paint shops operating in 220 cities, and 614 supercharging stations with 2,726 charging stalls.
截至2024年6月30日，公司在148个城市拥有497家零售商店，421个服务中心，理想汽车授权的车身维修店和喷漆店在220个城市运营，614个超级充电站有2,726个充电桩。
In July 2024, the company delivered 51,000 vehicles, representing an increase of 49.4% from April 2023.
2024年7月，该公司交付了51,000辆汽车，同比增长了49.4%。
Chair and CEO Mr. Xiang Lil said, "In June 2024, we surpassed the 800,000-vehicle milestone in cumulative deliveries, making history for Chinese premium automotive brands. In addition to our strong sales results, we made substantial progress in autonomous driving. In July, we rolled out our high-definition map-independent NOA with nationwide coverage to over 240,000 Li AD Max users and launched our next-generation autonomous driving technological architecture that integrates an E2E model and a VLM."
董事长兼首席执行官项力先生表示：“2024年6月，我们累计交付量突破80万辆，为中国高端汽车品牌创造了历史。除了强劲的销售业绩，我们在自动驾驶方面取得了实质性进展。7月份，我们推出了具有全国覆盖范围的高清无地图自动驾驶NOA，服务于超过24万辆理想汽车用户，并发布了下一代自动驾驶技术架构，集成了端到端模型和VLm技术。”
Outlook: Li Auto expects third-quarter revenue of $5.4 billion—$5.8 billion, representing an increase of 13.7%–21.6% year over year versus analyst consensus of $5.74 billion.
展望：理想汽车预计第三季度营业收入为54亿美元至58亿美元，同比增长13.7%至21.6%，而分析师预期为57.4亿美元。
LI expects third-quarter vehicle deliveries of 145,000 – 155,000, representing an increase of 38.0%–47.5% year over year.
理想汽车预计第三季度交付量为14.5万至15.5万辆，同比增长38.0%至47.5%。
Li Auto stock plunged 47% in the last 12 months as the Chinese EV industry battled lackluster domestic demand and protectionist tariffs.
由于中国新能源汽车市场需求疲软和贸易保护主义的关税，理想汽车股票在过去12个月中下跌了47%。
Price Action: LI shares traded lower by 0.80% at $21.39 in premarket at the last check on Wednesday.
最近一次查看，理想汽车股票在周三盘前交易中下跌0.80%，报价为21.39美元。
Image Via Shutterstock
图片来自shutterstock
