Li Auto: Earnings Drop 36.2%, Sales Down

Li Auto's quarterly earnings fell 36.2% to $3.80B, missing expectations. Lorry sales declined 37.4%. The company reported a net operating cash outflow of $1.0B. Adjusted bottom line also decreased.

Quarterly earnings dropped 36.2% year over year to 27.4 billion Chinese yuan ($3.80 billion), though it can be found in slightly ahead of the expert consensus quote of $3.76 billion. Changed net earnings per ADS showed a loss of 0.36 yuan (5 cents), missing the Street’s expectation of a 4-cent gain.

Earnings and Sales Overview

Lorry sales went down 37.4% to $3.6 billion, driven largely by weaker delivery volumes. Li Auto delivered 93,211 cars throughout the period, down 39.0% from 152,831 units a year previously and listed below the 111,074 units delivered in the 2nd quarter of 2025.

Li Car finished the quarter with $13.9 billion in cash money and matchings. The company reported a net operating cash money outflow of 7.4 billion yuan ($1.0 billion) in the 3rd quarter of 2025, turning around from 11.0 billion yuan in net operating cash money inflow a year previously and broadening from the 3.0 billion yuan outflow videotaped in the second quarter of 2025.

Cash Flow and Operating Loss

The Tesla Inc.(NASDAQ: TSLA) competing posted an adjusted operating loss of 912.5 million yuan ($128.2 million), compared with modified operating revenue of 4.5 billion yuan in the previous year. Adjusted bottom line can be found in at 360.3 million yuan ($50.6 million), down sharply from adjusted earnings of 3.84 billion yuan a year earlier.