Li Auto Inc-W (02015) rose more than 4%, as of press time, up 4.06%, at HK$82.1, with a turnover of HK$865 million.
According to the Intelligent Financial APP, Li Auto Inc-W (02015) rose more than 4%, as of press time, up 4.06%, at HK$82.1, with a turnover of HK$865 million.
On the news front, Li Auto Inc announced today that the cumulative delivery of the Li ONE model has exceeded 0.1 million units in the 5 months since its launch. Tianfeng Securities pointed out that the company's fundamentals in the 3rd and 4th quarters are expected to gradually improve. In addition to the acceleration of subsidies and preferential policies in various regions, it is expected to enhance overall demand dynamics. The bank expects the gross margin of the automobile industry to be further released and determines that Li Auto Inc is expected to release elasticity from gross profit and net income in the second half of the year. The bank gave Li Auto Inc a "buy" rating, with an estimated adjusted net income of RMB 10.5/14.8 billion for the company in 2024/2025 (compared to RMB 13.9 billion in 2023).