Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging Vehicle Sales, Stock Tanks
Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging Vehicle Sales, Stock Tanks
Li Auto Inc (NASDAQ:LI) reported fiscal first-quarter 2024 revenue growth of 36.4% year-on-year to $3.55 billion, missing the analyst consensus estimate of $3.84 billion.
理想汽車公司（納斯達克股票代碼：LI）報告稱，2024財年第一季度收入同比增長36.4％，至35.5億美元，未達到分析師共識估計的38.4億美元。
Adjusted net earnings per ADS was $0.17 missed the analyst consensus estimate of $0.35. The stock price dropped after the results.
調整後的每股ADS淨收益爲0.17美元，未達到分析師共識估計的0.35美元。業績公佈後，股價下跌。
Vehicle sales increased 32.3% to $3.4 billion, mainly attributable to the increase in vehicle deliveries. Total vehicle deliveries were 80,400 units in the quarter, an 52.9% Y/Y increase.
汽車銷售額增長了32.3％，達到34億美元，這主要歸因於汽車交付量的增加。本季度汽車總交付量爲80,400輛，同比增長52.9％。
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The vehicle margin declined by 50 bps year over year to 19.3%, while the gross margin expanded by 20 bps year over year to 20.6%.
汽車利潤率同比下降50個點子至19.3％，而毛利率同比增長20個點子至20.6％。
Adjusted income from operations was $13.9 million, down by 88.7% Y/Y.
調整後的運營收入爲1,390萬美元，同比下降88.7％。
Li Auto held cash and equivalents of $13.7 billion as of March 31, 2024. Cash provided by operating activities was $462.9 million for the quarter.
截至2024年3月31日，理想汽車持有137億美元的現金及等價物。本季度經營活動提供的現金爲4.629億美元。
As of March 31, 2024, the company had 474 retail stores covering 142 cities, 356 servicing centers, and Li Auto-authorized body and paint shops operating in 209 cities, and 357 super charging stations in operation equipped with 1,544 charging stalls.
截至2024年3月31日，該公司擁有覆蓋142個城市的474家零售門店，356個服務中心，以及在209個城市運營的李汽車授權的車身和噴漆車間，以及357個配備1,544個充電攤位的超級充電站在運營。
In April 2024, the company delivered 25,787 vehicles, representing an increase of 0.4% from April 2023.
2024年4月，該公司交付了25,787輛汽車，比2023年4月增長了0.4％。
Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, "In March, we launched and commenced delivery of our high-tech flagship family MPV, Li MEGA, which is also our first high-power charging BEV. Meanwhile, we accelerated our efforts to deploy super charging stations nationwide, adding charging resources for Li Auto users to expedite the 0-to-1 development phase of our high-power charging BEVs."
理想汽車董事長兼首席執行官李向先生評論說：“3月，我們推出並開始交付高科技旗艦系列MPV——Li MEGA，這也是我們首款大功率充電電動汽車。同時，我們加大了在全國範圍內部署超級充電站的力度，爲理想汽車用戶增加了充電資源，以加快我們大功率充電電動汽車的0比1開發階段。”
"In April, we launched and commenced delivery of Li L6, a five-seat premium family SUV, to satisfy the mobility needs of more young families, making all-wheel-drive range extension system and intelligent features available on vehicles priced below RMB300,000."
“4月，我們推出並開始交付五座豪華家用SUV——Li L6，以滿足更多年輕家庭的出行需求，爲價格低於30萬元人民幣的車輛提供全輪驅動續航里程擴展系統和智能功能。”
Outlook: Li Auto sees second-quarter fiscal 2024 revenue of $4.1 billion – $4.3 billion, representing an increase of 4.2% – 9.4% Y/Y.
展望：理想汽車預計2024財年第二季度收入爲41億美元至43億美元，同比增長4.2％至9.4％。
LI expects first-quarter vehicle deliveries of 105,000 – 110,000, representing an increase of 21.3%—27.1% year over year.
李預計，第一季度的汽車交付量爲10.5萬至11萬輛，同比增長21.3％至27.1％。
Li Auto stock lost over 15% in the last 12 months. Investors can gain exposure to the stock via VanEck Low Carbon Energy ETF (NYSE:SMOG) and First Trust Long/Short Equity (NYSE:FTLS).
在過去的12個月中，理想汽車的股票下跌了15％以上。投資者可以通過VanEck低碳能源ETF（紐約證券交易所代碼：SMOG）和第一信託多頭/空頭股票（紐約證券交易所代碼：FTLS）獲得股票敞口。
Price Action: LI shares traded lower by 4.26% at $23.83 in premarket at the last check Monday.
價格走勢：在週一的最後一次盤前盤中，LI股價下跌4.26％，至23.83美元。
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照片來自 Shutterstock
譯文內容由第三人軟體翻譯。