Li Auto Inc.

LI · XNAS

CIK 1791706fmd_16HM2PHRDEAB5J4JKFSCB6XB53Manufacturing · Motor Vehicles & Passenger Car BodiesTemplate: Standard

Coverage: Jan 01, 2018 to Dec 31, 2025, 10 periods

Income Statement · Annual · Millions · CNY
Line item	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	–	284	9,457	27,010	45,287	123,851	144,460	112,313
Cost of revenue	–	284	7,907	21,248	36,496	96,355	114,804	91,327
Gross profit	–	(0)	1,549	5,761	8,790	27,497	29,656	20,985
Research and development	794	1,169	1,100	3,286	6,780	10,586	11,071	11,315
Selling, general and administrative	337	689	1,119	3,492	5,665	9,768	12,229	10,665
Total operating expenses	1,131	1,859	2,219	6,779	12,445	20,090	22,637	21,506
Operating income	(1,131)	(1,859)	(669)	(1,017)	(3,655)	7,407	7,019	(521)
Interest expense	63	84	67	63	106	86	188	168
Other non-operating income (expense)	(3)	(129)	20	187	626	1,048	664	67
Income before taxes	(1,165)	(2,418)	(189)	(153)	(2,159)	10,452	9,316	1,297
Income tax expense	–	–	(23)	169	(127)	(1,357)	1,270	158
Net income from continuing operations	(1,165)	(2,418)	(166)	(321)	(2,032)	11,809	8,045	1,139
Net income	(1,532)	(2,439)	(152)	(321)	(2,032)	11,809	8,045	1,139
Net income to common shareholders	(1,850)	(3,282)	(792)	(321)	(2,012)	11,704	8,032	1,124