Li Auto Inc. (LI) — Financial statements
Income statement, balance sheet, and cash flow for Li Auto Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 109,253↓24.4% | 144,523↑16.7% | 123,835↑168.7% | 46,082↑72.9% | 26,660 | |
| Cost of Revenue | 88,839↓22.6% | 114,854↑19.2% | 96,342↑158.5% | 37,277↑76.6% | 21,108 | |
| Gross Profit | 20,413↓31.2% | 29,669↑7.9% | 27,493↑212.2% | 8,806↑58.6% | 5,552 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 11,076↑4.6% | 10,585↑54.7% | 6,844↑114.5% | 3,190 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 10,374↓15.2% | 12,235↑25.3% | 9,767↑71.9% | 5,681↑68.8% | 3,365 | |
| Other Expenses | 11,007 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 21,381↓8.3% | 23,311↑14.5% | 20,351↑62.5% | 12,525↑91.0% | 6,556 | |
| Total Costs & Expenses | 110,220↓20.2% | 138,164↑18.4% | 116,693↑134.3% | 49,801↑80.0% | 27,664 | |
| Operating Results | ||||||
| Operating Income | -968↓115.2% | 6,358↓11.0% | 7,142↑292.0% | -3,719↓270.4% | -1,004 | |
| Depreciation & Amortization | 0.00↓100.0% | 3,059↑71.6% | 1,782↑44.3% | 1,235↑112.0% | 583 | |
| EBITDA | -968↓107.7% | 12,567↑2.0% | 12,319↑1542.7% | -854↓272.7% | 494 | |
| EBIT | -968↓110.2% | 9,507↓9.8% | 10,537↑604.4% | -2,089↓2263.0% | -88 | |
| Interest & Other Income | ||||||
| Net Interest Income | -163↓110.0% | 1,633↓18.2% | 1,996↑104.2% | 978↑46.3% | 668 | |
| Interest Income | 0.00↓100.0% | 1,821↓12.6% | 2,083↑91.8% | 1,086↑48.6% | 731 | |
| Interest Expense | 163↓13.0% | 188↑117.8% | 86↓20.3% | 108↑73.3% | 62 | |
| Non-Operating Income | 0.00↑100.0% | -3,149↑7.2% | -3,395↓108.3% | -1,630↓78.0% | -916 | |
| Other Income / Expenses | 2,229↓24.7% | 2,961↓10.5% | 3,309↑117.4% | 1,522↑78.3% | 853 | |
| Income Before Tax | 1,262↓86.5% | 9,320↓10.8% | 10,450↑575.6% | -2,197↓1356.8% | -151 | |
| Income Tax Expense | 153↓87.9% | 1,271↑193.6% | -1,357↓950.1% | -129↓177.6% | 166 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,108↓86.2% | 8,049↓31.8% | 11,808↑671.0% | -2,068↓551.8% | -317 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,094↓86.4% | 8,036↓31.3% | 11,703↑671.5% | -2,048↓545.3% | -317 | |
| Bottom-Line Net Income | 1,094↓86.4% | 8,036↓31.3% | 11,703↑671.5% | -2,048↓545.3% | -317 | |
| EPS (Basic) | 1.12↓86.1% | 8.06↓32.3% | 11.90↑666.7% | -2.10↓517.6% | -0.34 | |
| EPS (Diluted) | 1.04↓86.2% | 7.54↓31.8% | 11.06↑626.7% | -2.10↓517.6% | -0.34 | |
| Weighted Average Shares | 1,008↑1.1% | 997↑1.3% | 984↑1.4% | 971↑4.7% | 927 | |
| Weighted Average Diluted Shares | 1,071↑0.6% | 1,065↑0.7% | 1,058↑9.0% | 971↑4.7% | 927 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.