CICC: Maintains li auto inc - W (02015) 'Outperform' rating, target price raised to HKD 128.
CICC raised li auto inc's profit forecast for 2024 by 20% to 10.5 billion yuan.
US stocks closed: 'Big Seven' all defeated, S&P and Nasdaq hit the largest decline in nearly two months.
1. PHLX Semiconductor Index fell more than 4%; 2. The China Concepts Stock Index dropped 1.3%; 3. Apple's Greater China revenue fell short of expectations; 4. Guo Mingchi: The possibility of super micro computer suspension or delisting is increasing.
Ideal Q3 phone meeting: Production needs to be expanded by the Spring Festival in 2025 to meet demand, aiming to capture over 25% market share of high-end new energy funds.
Li Xiang said that the biggest variable in the industry in the next 3-5 years comes from AI, including smart driving, intelligent assistants, which will bring completely different experiences to consumers, and is the true beginning of qualitative change. The ideal L series will still be in its prime for the next 1-2 years, and the ideal L6 is very popular, needing to expand production during the 2025 Spring Festival to meet demand. The long-term goal is to capture more than 25% market share in the new energy autos market priced above 0.2 million RMB.
Li Auto Inc. (LI) Q3 2024 Earnings Call Transcript Summary
Full Text | Ideal Q3 Earnings Conference Record: Hoping next year's sales growth rate will be twice that of the high-end new energy autos market.
li auto inc (NASDAQ: LI; HKEX: 2015) today released the third quarter financial report for the year 2024 ending on September 30: total revenue was 42.9 billion yuan, a year-on-year increase of 23.6% and a quarter-on-quarter increase of 35.3%. Net income was 2.8 billion yuan, a year-on-year increase of 0.3% and a quarter-on-quarter increase of 56.2%. Non-GAAP net income was 3.9 billion yuan, a year-on-year increase of 11.1% and a quarter-on-quarter increase of 156.2%. After the financial report was released, the li auto inc management held a conference call, attended by li auto inc Chairman and CEO Li Xiang, CFO Li Tie, President Ma Donghui, and senior vice president.
6-K: Report of foreign private issuer (related to financial reporting)
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