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.
理想汽車(納斯達克:LI)報告稱，2024財年第二季度營業收入同比增長10.6%，達到了43.6億美元，略低於分析師的預期445億美元。
It clocked an adjusted net earnings per ADS of $0.20, which beat the analyst consensus of $0.19.
每股美國存託憑證調整後淨收益爲0.20美元，超過了分析師的預期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.
銷售額增加了8.4%，達到了42億美元，這主要是由於車輛交付量的增加。本季度總交付量爲108,581輛，同比增長了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.
由於產品組合和定價策略的變化，車輛毛利率同比下降了230個點子，降至21.0%。毛利率同比下降了230個點子，降至21.8%，主要是由於車輛毛利率的減少。
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.
經調整的營業收入爲119.7百萬元，同比下降57.4%。經調整的淨收入爲2,068.0百萬元，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，理想汽車持有現金及等價物134億美元，並在本季度運營現金流中使用了591.0百萬元。
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個城市擁有497家零售商店，421個服務中心，理想汽車授權的車身維修店和噴漆店在220個城市運營，614個超級充電站有2,726個充電樁。
In July 2024, the company delivered 51,000 vehicles, representing an increase of 49.4% from April 2023.
2024年7月，該公司交付了51,000輛汽車，同比增長了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."
董事長兼首席執行官項力先生表示：「2024年6月，我們累計交付量突破80萬輛，爲中國高端汽車品牌創造了歷史。除了強勁的銷售業績，我們在自動駕駛方面取得了實質性進展。7月份，我們推出了具有全國覆蓋範圍的高清無地圖自動駕駛NOA，服務於超過24萬輛理想汽車用戶，併發布了下一代自動駕駛技術架構，集成了端到端模型和VLm技術。」
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：理想汽車預計第三季度營業收入爲54億美元至58億美元，同比增長13.7%至21.6%，而分析師預期爲57.4億美元。
LI expects third-quarter vehicle deliveries of 145,000 – 155,000, representing an increase of 38.0%–47.5% year over year.
理想汽車預計第三季度交付量爲14.5萬至15.5萬輛，同比增長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.
由於中國新能源汽車市場需求疲軟和貿易保護主義的關稅，理想汽車股票在過去12個月中下跌了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，理想汽車股票在週三盤前交易中下跌0.80%，報價爲21.39美元。
Image Via Shutterstock
圖片來自shutterstock
