The Bank expects li auto inc's third-quarter performance to be good, with an estimated auto profit margin of about 20%, and net profit expected to exceed 3 billion Chinese yuan under the general accounting principles.
According to the Wise Finance APP, UBS released research reports stating that li auto inc-W (02015) is optimistic about the performance in the fourth quarter of this year and the new outlook for pure electric vehicles next year, slightly raising the target price of li auto inc listed in Hong Kong from 109 Hong Kong dollars to 115 Hong Kong dollars with a rating of 'outperforming the market'. The Bank stated that considering sufficient orders and discounts and reduced promotional expenses brought by the mainland's 'scrappage for new' subsidy policy, li auto inc's third-quarter performance is expected to be good, with an estimated auto profit margin of about 20%, and net profit expected to exceed 3 billion Chinese yuan under the general accounting principles.
