Li Auto Inc-W (02015) fell more than 3% in the afternoon, as of the press release, it fell 2.93% to HKD 71.25, with a turnover of HKD 579 million.
Zhongtong Financial APP learned that Li Auto Inc-W (02015) fell more than 3% in the afternoon, as of the press release, it fell 2.93% to HKD 71.25, with a turnover of HKD 579 million.
JPmorgan states that Li Auto Inc's current stock price reflects potential upward momentum in the next 6-9 months and unfavorable factors for sales and profit margins. It is given a neutral rating for the first time, with a target price of HKD 82. The bank believes that Li Auto Inc's bullish factors are decreasing, while bearish factors are increasing. Due to the inherent intense competition in the pure electric vehicle market, Li Auto Inc has recently expanded its product portfolio to include pure electric vehicles, bringing challenges. However, it is expected that extended-range electric vehicles + plug-in hybrid electric vehicles will continue to achieve faster growth.
According to Li Auto's Q1 2024 financial report released earlier, the company's Q1 revenue was RMB 25.6 billion, a year-on-year increase of 36.4%, a decrease of 38.6% from the previous quarter; Q1 deliveries were 80,400, a year-on-year increase of 52.9%, and a decrease of 39% from the previous quarter. In addition, in early June, some Li Auto employees stated that after a month of large-scale layoffs, Li Auto is recalling some of the laid-off employees in key positions.