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 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Revenue	112,313	144,460	123,851	45,287	9,457
Revenue Growth (YoY)	-22.25%	16.64%	173.48%	378.89%	3225.49%
Cost of Revenue	91,328	114,804	96,355	36,496	7,907
Gross Profit	20,985	29,656	27,497	8,790	1,549
Selling, General & Admin	10,665	12,229	9,768	5,665	1,119
Research & Development	11,315	11,071	10,586	6,780	1,100
Other Operating Expenses	-473.63	-663.66	-264.21	-	-
Total Operating Expenses	21,506	22,637	20,090	12,445	2,219
Operating Income	-521.12	7,019	7,407	-3,655	-669.34
Interest Income	1,919	1,820	2,083	976.23	254.92
Interest Expense	-168.08	-187.76	-86.25	-106.34	-66.92
Other Non-Operating Income (Expense)	67.45	664.3	1,048	625.63	292.46
Total Non-Operating Income (Expense)	1,818	2,297	3,045	1,496	480.46
Pretax Income	1,297	9,316	10,452	-2,159	-188.88
Provision for Income Taxes	157.71	1,270	-1,357	-127.01	-
Net Income	1,124	8,032	11,704	-2,012	-151.66
Minority Interest in Earnings	14.99	12.9	104.99	-20.13	-
Net Income to Common	1,124	8,032	11,704	-2,012	-151.66
Net Income Growth	-86.00%	-31.37%	-	-	-
Shares Outstanding (Basic)	1,008	997	984	971	905
Shares Outstanding (Diluted)	1,071	1,065	1,058	971	905
Shares Change (YoY)	0.63%	0.66%	8.97%	7.29%	-
EPS (Basic)	1.12	8.06	11.90	-2.08	-0.17
EPS (Diluted)	1.08	7.58	11.10	-2.08	-0.17
EPS Growth	-85.75%	-31.71%	-	-	-
Shares Outstanding	1,014	1,004	992.83	977.18	904.64
Free Cash Flow	-12,817	8,203	44,186	2,252	3,140
Free Cash Flow Growth	-	-81.44%	1861.77%	-28.26%	-
Free Cash Flow Per Share	-11.96	7.71	41.78	2.32	3.47
Gross Margin	18.68%	20.53%	22.20%	19.41%	16.38%
Operating Margin	-0.46%	4.86%	5.98%	-8.07%	-7.08%
Profit Margin	1.01%	5.57%	9.53%	-4.49%	-1.60%
FCF Margin	-11.41%	5.68%	35.68%	4.97%	33.20%
EBITDA	4,114	10,077	9,212	-2,441	-669.34
EBITDA Margin	3.66%	6.98%	7.44%	-5.39%	-7.08%
EBIT	-521.12	7,019	7,407	-3,655	-669.34
EBIT Margin	-0.46%	4.86%	5.98%	-8.07%	-7.08%
Effective Tax Rate	12.16%	13.64%	-12.99%	5.88%	0.00%

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

SEC Filings: 10-K · 10-Q