Zhitong Finance APP learned that Pacific Securities issued a research report stating that it maintains a 'buy' rating on li auto inc-W (02015), with projected revenues of 147.1/192.9/246.3 billion yuan in 2024-2026 and net income of 8.5/13.2/19.5 billion yuan.

The company released its 2024 semi-annual report, with operating income of 57.3 billion yuan in the first half of the year, a year-on-year increase of +20.8%; net income attributable to the parent company was 1.6 billion yuan, down 47.4% year-on-year; non-GAAP net income was 2.8 billion yuan, down 32.9% year-on-year. Among them, Q2 achieved revenue of 31.7 billion yuan in a single quarter, up 10.6% year-on-year and up 23.6% quarter-on-quarter; net income attributable to the parent company was 1.1 billion yuan, down 52.3% year-on-year and up 86.2% quarter-on-quarter; non-GAAP net income was 1.5 billion yuan, down 44.9% year-on-year and up 17.8% quarter-on-quarter.

The report states that li auto inc has led the way in breakthrough configuration for large five-seater and family six-seater SUVs, achieving tremendous commercial success. Since March of this year, through large-scale organizational upgrades, it has withstood attacks from competitors, and under the siege of 'half-price li auto inc' with prices around 0.2 million, the commercial performance of the li auto inc L6, as a representative work of the organizational upgrade, has been an instant hit. The fully self-developed new autonomous driving technology architecture - end-to-end + VLM, with intelligent driving training computing power reaching 5.39EFLOPS, E2E + VLM + ample R&D services + a large number of advanced intelligent driving vehicles will gradually form li auto inc's intelligent driving moat.