Li Auto Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	112,313	144,460	123,851	45,287	27,010
Revenue Growth (YoY)	-22.25%	16.64%	173.48%	67.67%	185.62%
Cost of Revenue	91,327	114,804	96,355	36,496	21,248
Gross Profit	20,985	29,656	27,497	8,790	5,761
Selling, General & Admin	10,665	12,229	9,768	5,665	3,492
Research & Development	11,315	11,071	10,586	6,780	3,286
Other Operating Expenses	-473.63	-663.66	-264.21	-	-
Total Operating Expenses	21,506	22,637	20,090	12,445	6,779
Operating Income	-521.12	7,019	7,407	-3,655	-1,017
Interest Income	1,919	1,820	2,083	976.23	740.43
Interest Expense	-168.08	-187.76	-86.25	-106.34	-63.24
Other Non-Operating Income (Expense)	67.45	664.3	1,048	625.63	187.32
Total Non-Operating Income (Expense)	1,818	2,297	3,045	1,496	864.51
Pretax Income	1,297	9,316	10,452	-2,159	-152.81
Provision for Income Taxes	-157.71	-1,270	1,357	127.01	-168.64
Net Income	1,124	8,032	11,704	-2,012	-321.46
Minority Interest in Earnings	14.99	12.9	104.99	-20.13	-
Net Income to Common	1,124	8,032	11,704	-2,012	-321.46
Net Income Growth	-86.00%	-31.37%	-	-	-
Shares Outstanding (Basic)	1,008	997	984	971	927
Shares Outstanding (Diluted)	1,071	1,065	1,058	971	927
Shares Change (YoY)	0.63%	0.66%	8.97%	4.74%	130.51%
EPS (Basic)	1.12	8.06	11.90	-2.08	-0.34
EPS (Diluted)	1.08	7.58	11.10	-2.08	-0.34
EPS Growth	-85.75%	-31.71%	-	-	-
Free Cash Flow	-12,817	8,203	44,186	2,252	4,896
Free Cash Flow Growth	-	-81.44%	1861.77%	-53.99%	98.64%
Free Cash Flow Per Share	-11.96	7.71	41.78	2.32	5.28
Gross Margin	18.68%	20.53%	22.20%	19.41%	21.33%
Operating Margin	-0.46%	4.86%	5.98%	-8.07%	-3.77%
Profit Margin	1.01%	5.57%	9.53%	-4.49%	-1.19%
FCF Margin	-11.41%	5.68%	35.68%	4.97%	18.13%
EBITDA	-521.12	10,077	9,212	-2,441	-426.92
EBITDA Margin	-0.46%	6.98%	7.44%	-5.39%	-1.58%
EBIT	-521.12	7,019	7,407	-3,655	-1,017
EBIT Margin	-0.46%	4.86%	5.98%	-8.07%	-3.77%
Effective Tax Rate	-12.16%	-13.64%	12.99%	-5.88%	110.36%

Updated Mar 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q