Summary by Futu AI
li auto inc announced its unaudited financial performance for the three months ended September 30, 2024 on October 31, 2024. The quarterly revenue reached RMB 42.9 billion, a year-on-year increase of 23.6%. The total automobile deliveries were 152,831 vehicles, a year-on-year increase of 45.4%. The gross margin was 21.5%, slightly lower than the same period last year. Net profit was RMB 2.8 billion, flat compared to the same period last year, while the non-usa GAAP net profit was RMB 3.9 billion, a year-on-year increase of 11.1%. In addition, the company announced that Professor Xiao Xing will succeed Zhao Hongqiang as the chairman of the audit committee starting from October 31, 2024. li auto inc emphasized that investors should not overly rely on the financial performance of a single quarter and should act prudently.