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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 42.9B | 35.3% |
| Gross Profit | 9.22B | 49.3% |
| Cost of Revenue | 33.6B | 32% |
| Operating expense | 5.79B | 1.5% |
| Net Income | 2.81B | 155.2% |
| EBITDA | 3.48B | 184.6% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 155B | 6.7% |
| Total Liabilities | 87.8B | 7.3% |
| Total Equity | 66.6B | 5.9% |
| Shares Outstanding | 1.06B | 0% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 11B | 2667.5% |
| Cash from financing | 238M | 327.5% |
Financial Highlights for Li Auto in Q3 '24
Li Auto reported a revenue of 42.9B, which is a 35.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 9.22B, marking a 49.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 33.6B, a 32% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 5.79B, showing a 1.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.81B, showing a 155.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.48B, showing a 184.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Li Auto with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
