InsiderClue
Stocks · Consumer discretionary · Motor Vehicles & Passenger Car Bodies

Li Auto Inc.

LI Clue Score53
Cayman Islands Fiscal year ends December CIK 0001791706
$11.54 +5.87% Close, 9 Oct 2026
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Price $11.54 −59.11% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 30 Jul 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Operating income−1.13Net income−1.53Fiscal year 2019Revenue0.28Operating income−1.86Net income−2.44EPS, diluted−12.87Fiscal year 2020Revenue9.46 +3,225.5%Operating income−0.67Net income−0.15EPS, diluted−0.91Fiscal year 2021Revenue27.01 +185.6%Operating income−1.02Net income−0.32EPS, diluted−0.17Fiscal year 2022Revenue45.29 +67.7%Operating income−3.65Net income−2.03EPS, diluted−1.04Fiscal year 2023Revenue123.85 +173.5%Operating income7.41Net income11.81EPS, diluted5.55Fiscal year 2024Revenue144.46 +16.6%Operating income7.02Net income8.05 −31.9%EPS, diluted3.79Fiscal year 2025Revenue112.31 −22.3%Operating income−0.52Net income1.14 −85.8%EPS, diluted0.54
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a 0.28 9.46 27.01 45.29 123.85 144.46 112.31
Growth +3,225.5% +185.6% +67.7% +173.5% +16.6% −22.3%
Operating income −1.13 −1.86 −0.67 −1.02 −3.65 7.41 7.02 −0.52
Net income −1.53 −2.44 −0.15 −0.32 −2.03 11.81 8.05 1.14
Growth −31.9% −85.8%
EPS, diluted n/a −12.87 −0.91 −0.17 −1.04 5.55 3.79 0.54

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Fiscal year 2019Gross margin−0.0%Operating margin−653.6%Net margin−857.5%Free cash flow margin−965.9%Fiscal year 2020Gross margin16.4%Operating margin−7.1%Net margin−1.6%Free cash flow margin26.1%Fiscal year 2021Gross margin21.3%Operating margin−3.8%Net margin−1.2%Free cash flow margin18.1%Fiscal year 2022Gross margin19.4%Operating margin−8.1%Net margin−4.5%Free cash flow margin5.0%Fiscal year 2023Gross margin22.2%Operating margin6.0%Net margin9.5%Free cash flow margin35.7%Fiscal year 2024Gross margin20.5%Operating margin4.9%Net margin5.6%Free cash flow margin5.7%Fiscal year 2025Gross margin18.7%Operating margin−0.5%Net margin1.0%Free cash flow margin−11.4%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a −0.0% 16.4% 21.3% 19.4% 22.2% 20.5% 18.7%
Operating margin n/a −653.6% −7.1% −3.8% −8.1% 6.0% 4.9% −0.5%
Net margin n/a −857.5% −1.6% −1.2% −4.5% 9.5% 5.6% 1.0%
Free cash flow margin n/a −965.9% 26.1% 18.1% 5.0% 35.7% 5.7% −11.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−1.35Capital expenditure−0.97Free cash flow−2.32Fiscal year 2019Operating cash flow−1.79Capital expenditure−0.95Free cash flow−2.75Fiscal year 2020Operating cash flow3.14Capital expenditure−0.68Free cash flow2.46Fiscal year 2021Operating cash flow8.34Capital expenditure−3.44Free cash flow4.90 +98.6%Fiscal year 2022Operating cash flow7.38Capital expenditure−5.13Free cash flow2.25 −54.0%Fiscal year 2023Operating cash flow50.69Capital expenditure−6.51Free cash flow44.19 +1,861.8%Fiscal year 2024Operating cash flow15.93Capital expenditure−7.73Free cash flow8.20 −81.4%Fiscal year 2025Operating cash flow−8.61Capital expenditure−4.21Free cash flow−12.82 −256.2%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.35 −1.79 3.14 8.34 7.38 50.69 15.93 −8.61
Capital expenditure −0.97 −0.95 −0.68 −3.44 −5.13 −6.51 −7.73 −4.21
Free cash flow −2.32 −2.75 2.46 4.90 2.25 44.19 8.20 −12.82
Growth +98.6% −54.0% +1,861.8% −81.4% −256.2%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash0.10Shareholders’ equity−2.40Fiscal year 2019Cash1.30Shareholders’ equity−5.67Fiscal year 2020Cash8.94Total debt0.51Net cash (debt)8.43Shareholders’ equity29.80Debt to equity0.02Fiscal year 2021Cash27.85Total debt6.00Net cash (debt)21.86Shareholders’ equity41.06Debt to equity0.15Fiscal year 2022Cash38.48Total debt9.62Net cash (debt)28.86Shareholders’ equity44.86Debt to equity0.21Fiscal year 2023Cash91.33Total debt8.72Net cash (debt)82.61Shareholders’ equity60.14Debt to equity0.15Fiscal year 2024Cash65.90Total debt8.15Net cash (debt)57.75Shareholders’ equity70.87Debt to equity0.12Fiscal year 2025Cash56.69Total debt3.30Net cash (debt)53.39Shareholders’ equity72.62Debt to equity0.05
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.10 1.30 8.94 27.85 38.48 91.33 65.90 56.69
Total debt n/a n/a 0.51 6.00 9.62 8.72 8.15 3.30
Net cash (debt) n/a n/a 8.43 21.86 28.86 82.61 57.75 53.39
Shareholders’ equity −2.40 −5.67 29.80 41.06 44.86 60.14 70.87 72.62
Debt to equity n/a n/a 0.02 0.15 0.21 0.15 0.12 0.05

In billions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020† 31 Dec 2020 FY2021† 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
n/a 0.28 9.46 27.01 45.29 123.85 144.46 112.31
Growth +3,225.5% +185.6% +67.7% +173.5% +16.6% −22.3%
n/a 0.28 7.91 21.25 36.50 96.35 114.80 91.33
n/a −0.00 1.55 5.76 8.79 27.50 29.66 20.99
Growth +271.9% +52.6% +212.8% +7.9% −29.2%
0.79 1.17 1.10 3.29 6.78 10.59 11.07 11.31
0.34 0.69 1.12 3.49 5.67 9.77 12.23 10.66
−1.13 −1.86 −0.67 −1.02 −3.65 7.41 7.02 −0.52
Growth −5.2% −107.4%
−1.17 −2.42 −0.19 −0.15 −2.16 10.45 9.32 1.30
n/a n/a −0.02 0.17 −0.13 −1.36 1.27 0.16
−1.53 −2.44 −0.15 −0.32 −2.03 11.81 8.05 1.14
Growth −31.9% −85.8%
Per share
n/a −12.87 −0.91 −0.17 −1.04 5.95 4.03 0.56
n/a −12.87 −0.91 −0.17 −1.04 5.55 3.79 0.54
Growth −31.7% −85.8%
n/a 255.0 870.0 1,853 1,941 1,968 1,993 2,015
n/a 255.0 870.0 1,853 1,941 2,115 2,129 2,143
Growth +241.2% +113.0% +4.7% +9.0% +0.7% +0.6%

† The diluted share count jumps at 2020 and 2021, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Shown in CNY as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 64.0% a year over five years.
  • Operating margin is up 6.6 points on five years ago, at -0.5%.
  • A net loss in 5 of 8 years on file.