13 slides from Li Auto, Inc. Class A's earnings presentation, Aug 26, 2026
Slide 1: Announces Unaudited Second Quarter 2026 Financial Results
Li Auto Inc. Announces Unaudited Second Quarter 2026 Financial Results Quarterly total revenues reached RMB25.7 billion (US$3.8 billion)1 Quarterly deliveries were 98,330 vehicles BEIJING, China, August 26, 2026 — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’
Slide 2: Loss from Operations and Net Loss
• Loss from operations was RMB2.3 billion (US$339.1 million) in the second quarter of 2026, compared with RMB827.0 million income from operations in the second quarter of 2025 and RMB3.0 billion loss from operations in the first quarter of 2026. • Operating margin was negative 9.0% in the second qua
Slide 3: Key Financial Results
Key Financial Results (in millions, except for percentages and per ADS data) For the Three Months Ended % Change6 June 30, March 31, June 30, YoY QoQ 2025 2026 2026 RMB RMB RMB Vehicle sales 28,885.1 21,533.2 24,066.5 (16.7)% 11.8% Vehicle margin 19.4% 6.1% 9.4% (10.0)pts 3.3pts Total revenues 30,24
Slide 4: Recent Developments
Recent Developments Delivery Update • In July 2026, the Company delivered 30,468 vehicles. As of July 31, 2026, in China, the Company had 490 retail stores in 159 cities, 536 servicing centers and Li Auto-authorized servicing shops operating in 219 cities, and 4,141 super charging stations in operat
Slide 5: Financial Results for the Second Quarter of 2026
Financial Results for the Second Quarter of 2026 Revenues • Total revenues were RMB25.7 billion (US$3.8 billion) in the second quarter of 2026, representing a decrease of 15.1% from RMB30.2 billion in the second quarter of 2025 and an increase of 11.7% from RMB23.0 billion in the first quarter of 20
Slide 6: Income/(Loss) from Operations
Income/(Loss) from Operations • Loss from operations was RMB2.3 billion (US$339.1 million) in the second quarter of 2026, compared with RMB827.0 million income from operations in the second quarter of 2025 and RMB3.0 billion loss from operations in the first quarter of 2026. Operating margin was neg
Slide 7: Business Outlook
Business Outlook For the third quarter of 2026, the Company expects: • Deliveries of vehicles to be between 95,000 and 100,000 vehicles, representing a year-over-year increase of 1.9% to 7.3%. • Total revenues to be between RMB26.6 billion (US$3.9 billion) and RMB28.0 billion (US$4.1 billion), repre
Slide 8: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company uses non-GAAP financial measures, such as non-GAAP cost of sales, non-GAAP research and development expenses, non-GAAP selling, general and administrative expenses, non-GAAP income/(loss) from operations, non-GAAP net income/(loss), non-GAAP net income/(loss)
Slide 9: Safe Harbor Statement
Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expe
Slide 10: Unaudited Condensed Consolidated Statements of Comprehensive Income/(Loss)
Li Auto Inc. Unaudited Condensed Consolidated Statements of Comprehensive Income/(Loss) (All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) For the Three Months Ended June 30, 2025 March 31, 2026 June 30, 2026 June 30, 2026 RMB RMB RMB US$ Revenues: Vehicle sale
Slide 11: Unaudited Condensed Consolidated Balance Sheets
Li Auto Inc. Unaudited Condensed Consolidated Balance Sheets (All amounts in thousands) As of December 31, 2025 June 30, 2026 June 30, 2026 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 56,691,765 40,117,782 5,912,629 Restricted cash 216,314 14,782 2,179 Time deposits and short-term i
Slide 12: Unaudited Condensed Consolidated Statements of Cash Flows
Li Auto Inc. Unaudited Condensed Consolidated Statements of Cash Flows (All amounts in thousands) For the Three Months Ended June 30, March 31, June 30, June 30, 2025 2026 2026 2026 RMB RMB RMB US$ Net cash (used in)/provided by operating activities (3,036,219) (6,090,994) 15,025 2,214 Net cash (use
Slide 13: Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results
Li Auto Inc. Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results (All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) For the Three Months Ended June 30, March 31, June 30, June 30, 2025 2026 2026 2026 RMB RMB RMB US$ Cost of sales (24,178,644) (21,174,866