Li Auto, Inc. Class A (HK:2015) has released an update.
Li Auto Inc. has reported a significant 20.8% revenue increase in their unaudited interim financial results for the first half of 2024, achieving a gross profit of 13.9% over the same period in 2023. However, the company faced a downturn in income before tax and net income, witnessing a decline of 44.2% and 47.8% respectively, reflecting challenges in operational profitability. These results highlight the evolving financial landscape of the electric vehicle sector, with comprehensive income for ordinary shareholders also decreasing by 47.4%.
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