$LI AUTO-W (02015.HK)$ The stock price dropped by more than 3%. As of the time of writing, it fell by 3.06% to HKD 68, with a turnover of HKD 237 million.
In terms of news, Li Auto announced that in the fourth quarter of 2025, total revenue was RMB 28.8 billion, a year-on-year decrease of 35.0% and a quarter-on-quarter increase of 5.2%; net profit was RMB 20.2 million, compared with RMB 3.5 billion in the same period last year, representing a significant year-on-year decline of 99.4%. For the full year, the company’s total revenue was RMB 112.3 billion, down 22.3% year-on-year; net profit was RMB 1.1 billion, a year-on-year decrease of 85.8%. In terms of deliveries, the report showed that Li Auto’s total vehicle deliveries in the fourth quarter of 2025 were approximately 109,200 units, down 31.2% year-on-year; annual deliveries were approximately 406,300 units, representing an 18.82% decline from 500,500 units in 2024.
Looking ahead to 2026, Li Auto expects first-quarter vehicle deliveries to range between 85,000 and 90,000 units, a year-on-year decrease of 3.1% to 8.5%; total revenue is projected to be between RMB 20.4 billion and RMB 21.6 billion, a year-on-year decrease of 16.7% to 21.3%. Separately, during the earnings call, Li Auto addressed rumors about “Li Xiang planning to repurchase company shares.” “We recognize that share repurchases are something we should consider because they can enhance shareholder value, but currently, we have not conducted any share repurchases and have no further information to disclose,” stated Li Auto.
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