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Li Auto, Inc. Class A
(2015)
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Rating:43Neutral
Price Target:
HK$46.00
▼(-4.33% Downside)
Action:Reiterated
Date:07/30/26
The score is held down primarily by weakened financial performance—losses, margin compression, and significant negative operating/free cash flow—despite a comparatively moderate-leverage balance sheet. Technicals provide only limited near-term support (above 20/50-day averages) while the longer-term trend remains bearish (below 100/200-day averages). Valuation is also penalized due to the negative P/E tied to current losses.
Positive Factors
Moderate Leverage
Moderate leverage and a sizable equity base provide financial resilience relative to debt obligations. This balance-sheet capacity can help Li Auto fund product development and network investment while reducing dependence on external financing.
Negative Factors
Profitability Reversal
The shift from profitable results to a TTM net loss, alongside lower gross margin, indicates weaker earnings economics per vehicle. Persistently lower margins could limit reinvestment capacity and make profitability more sensitive to pricing and production costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate Leverage
Moderate leverage and a sizable equity base provide financial resilience relative to debt obligations. This balance-sheet capacity can help Li Auto fund product development and network investment while reducing dependence on external financing.
Read all positive factors
Li Auto, Inc. Class A (2015) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$98.29B
Dividend YieldN/A
Average Volume (3M)16.61M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth-23.28%
EPS Growth-123.34%
CountryHK
Employees30,728
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.89
Shares Outstanding1,818,325,100
10 Day Avg. Volume14,626,907
30 Day Avg. Volume16,610,116
Financial Highlights & Ratios
PEG Ratio-1.23
Price to Book (P/B)1.62
Price to Sales (P/S)1.07
P/FCF Ratio-9.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$69.87Price Target Upside45.32% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)0.28
Revenue Forecast (FY)HK$140.78B
Li Auto, Inc. Class A Business Overview & Revenue Model
Company Description
Operating within the People's Republic of China, Li Auto Inc. and its affiliated companies specialize in the conceptualization, engineering, manufacturing, and distribution of new energy vehicles. A prominent product is the Li ONE, a sophisticated...
How the Company Makes Money
Li Auto primarily makes money by selling vehicles directly to customers, with automotive sales representing the main revenue stream. Vehicle revenue is generated from the retail price of each vehicle delivered and typically includes related compon...
Li Auto, Inc. Class A Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 108.74B | 109.41B | 144.46B | 123.85B | 45.29B | 27.01B |
| Gross Profit | 17.38B | 20.44B | 29.66B | 27.50B | 8.79B | 5.76B |
| EBITDA | -1.99B | 767.53M | 10.08B | 9.21B | -839.16M | 500.83M |
| Net Income | -1.79B | 1.10B | 8.03B | 11.70B | -2.01B | -321.45M |
Balance Sheet | ||||||
| Total Assets | 144.08B | 154.36B | 162.35B | 143.47B | 86.54B | 61.85B |
| Cash, Cash Equivalents and Short-Term Investments | 92.85B | 101.28B | 112.81B | 103.26B | 56.51B | 47.52B |
| Total Debt | 17.68B | 17.82B | 16.34B | 13.55B | 12.26B | 7.84B |
| Total Liabilities | 73.71B | 80.75B | 91.03B | 82.89B | 41.35B | 20.78B |
| Stockholders Equity | 69.84B | 72.65B | 70.87B | 60.14B | 44.86B | 41.06B |
Cash Flow | ||||||
| Free Cash Flow | -18.50B | -12.82B | 8.20B | 44.19B | 2.25B | 4.90B |
| Operating Cash Flow | -13.00B | -8.61B | 15.93B | 50.69B | 7.38B | 8.34B |
| Investing Cash Flow | 2.08B | -703.13M | -41.14B | -12.07M | -4.36B | -4.26B |
| Financing Cash Flow | 1.04B | 767.40M | -415.65M | 185.38M | 5.64B | 16.71B |
Li Auto, Inc. Class A Technical Analysis
Positive
48.08
Price Trends
49.69
Positive
58.71
Negative
64.15
Negative
Market Momentum
-0.51
Positive
53.06
Neutral
39.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2015, the sentiment is Positive. The current price of 48.08 is below the 20-day moving average (MA) of 49.95, below the 50-day MA of 49.69, and below the 200-day MA of 64.15, indicating a neutral trend. The MACD of -0.51 indicates Positive momentum. The RSI at 53.06 is Neutral, neither overbought nor oversold. The STOCH value of 39.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2015.
Li Auto, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$194.51B | 10.32 | 18.03% | 2.62% | 39.48% | -27.45% | |
63 Neutral | HK$130.27B | 14.53 | 10.49% | 4.55% | 17.13% | -18.63% | |
56 Neutral | HK$863.16B | 29.86 | 11.86% | 0.46% | -3.19% | -40.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | HK$86.06B | -7.66 | -328.93% | ― | 51.57% | 66.02% | |
50 Neutral | HK$87.86B | -35.05 | -7.56% | ― | 50.00% | 54.46% | |
43 Neutral | HK$98.29B | -48.88 | -2.49% | ― | -23.28% | -123.34% |
* General Sector Average
HK:2015
Li Auto, Inc. Class A
50.55
-40.45
-44.45%
HK:1211
BYD Co
91.80
-19.07
-17.20%
HK:0175
Geely Automobile Holdings
18.54
-0.78
-4.03%
HK:2333
Great Wall Motor Co
8.45
-8.72
-50.81%
HK:9866
NIO Inc. Class A
36.34
-4.84
-11.75%
HK:9868
XPeng, Inc. Class A
47.82
-33.08
-40.89%
Li Auto, Inc. Class A Corporate Events
Li Auto Boosts July Deliveries as Li L9 Surpasses 300,000 Units
Aug 2, 2026
Li Auto reported July 2026 deliveries of 30,468 vehicles, bringing cumulative deliveries to 1,764,155 units since launch in 2019, underscoring its scale in China’s fast-growing NEV segment. The company launched the new Li L6 SUV, saw Li L9 c...
Li Auto Boosts June Deliveries and Expands Flagship EV Lineup in China
Jul 1, 2026
Li Auto Inc., a major Chinese new energy vehicle maker focused on premium smart EVs for families, continues to expand both its extended-range and battery electric platforms. The company leverages in-house technology for range extension, EV systems...
Li Auto Posts Strong May Deliveries and Accelerates New Model Rollout
Jun 1, 2026
Li Auto reported May 2026 deliveries of 33,350 vehicles, bringing cumulative deliveries to 1,702,792 as it continues to scale in China’s competitive new energy vehicle market. Monthly deliveries of the Li i6 have surpassed 20,000 units since...
Li Auto Shareholders Approve All AGM Resolutions, Reaffirm Board Lineup
May 29, 2026
Li Auto Inc., a leading Chinese smart electric vehicle maker listed in the U.S. and Hong Kong, develops premium, technology-driven new energy vehicles aimed at the family segment of the market. The company operates with a dual-class share structur...
Li Auto Posts Unaudited Q1 2026 Results and Cautions Investors on NEV Market Risks
May 28, 2026
Li Auto has released its unaudited condensed consolidated financial results for the quarter ended March 31, 2026, prepared under U.S. Generally Accepted Accounting Principles rather than International Financial Reporting Standards. The company not...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.