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Li Auto Inc.

LAAOF
Exchange
OTC
Industry
Motor Vehicles & Passenger Car Bodies
SEC CIK
0001791706

No open-market purchases or sales by Li Auto Inc. insiders were filed in the last 90 days; no institution reported holding it in 13F filings for Q2 2026; no superinvestor holds it.

Other share classesLI

Currency
CNY
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 8, 2026, 2:19 PM ET

Amounts are in CNY, the currency Li Auto Inc. reports in. Lines marked ≈ US$ convert key figures to US dollars.

Income statement

Each column is one fiscal year, newest first.

Income statement of Li Auto Inc., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
RevenueCNY 112.3B≈ US$15.6BCNY 144.5B≈ US$20.1BCNY 123.9B≈ US$17.5BCNY 45.3B≈ US$6.74BCNY 27.0B≈ US$4.19B
Cost of revenueCNY 91.3BCNY 114.8BCNY 96.4BCNY 36.5BCNY 21.2B
Gross profitCNY 21.0BCNY 29.7BCNY 27.5BCNY 8.79BCNY 5.76B
Operating expensesCNY 21.5BCNY 22.6BCNY 20.1BCNY 12.4BCNY 6.78B
Research and developmentCNY 11.3BCNY 11.1BCNY 10.6BCNY 6.78BCNY 3.29B
Selling, general and administrativeCNY 10.7BCNY 12.2BCNY 9.77BCNY 5.67BCNY 3.49B
Operating incomeCNY -521.1MCNY 7.02BCNY 7.41BCNY -3.65BCNY -1.02B
Interest expense––CNY 86.3MCNY 106.3MCNY 63.2M
Income taxCNY 157.7MCNY 1.27BCNY -1.36BCNY -127.0MCNY 168.6M
Net incomeCNY 1.14B≈ US$158.5MCNY 8.05B≈ US$1.12BCNY 11.8B≈ US$1.67BCNY -2.03B≈ US-$302.6MCNY -321.5M≈ US-$49.8M
EPS, basicCNY 0.56CNY 4.03CNY 5.95CNY -1.04CNY -0.17
EPS, dilutedCNY 0.54CNY 3.79CNY 5.55CNY -1.04CNY -0.17
Weighted shares, basic2.02B1.99B1.97B1.94B1.85B
Weighted shares, diluted2.14B2.13B2.12B1.94B1.85B
Margins and growth
Gross margin18.7%20.5%22.2%19.4%21.3%
Operating margin-0.5%4.9%6.0%-8.1%-3.8%
Net margin1.0%5.6%9.5%-4.5%-1.2%
Revenue growth, year over year−22.3%+16.6%+173.5%+67.7%+185.6%
Net income growth, year over year−85.8%−31.9%–––

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of Li Auto Inc., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Cash and equivalentsCNY 56.7BCNY 65.9BCNY 91.3BCNY 38.5BCNY 27.9B
Short-term investmentsCNY 6.16BCNY 6.08BCNY 1.68B––
Accounts receivableCNY 119.8MCNY 135.1MCNY 143.5MCNY 48.4MCNY 120.5M
InventoryCNY 8.75BCNY 8.19BCNY 6.87BCNY 6.80BCNY 1.62B
Total current assetsCNY 115.3BCNY 126.3BCNY 114.5BCNY 67.0BCNY 52.4B
GoodwillCNY 5.48MCNY 5.48MCNY 5.48MCNY 5.48M–
Intangible assetsCNY 1.19BCNY 915.0MCNY 864.2MCNY 832.6MCNY 751.5M
Total assetsCNY 154.3B≈ US$22.1BCNY 162.3B≈ US$22.2BCNY 143.5B≈ US$20.2BCNY 86.5B≈ US$12.5BCNY 61.8B≈ US$9.71B
Short-term debtCNY 6.22BCNY 281.1MCNY 6.98BCNY 390.8MCNY 37.0M
Total current liabilitiesCNY 63.5BCNY 69.2BCNY 72.7BCNY 27.4BCNY 12.1B
Long-term debtCNY 3.30BCNY 8.15BCNY 1.75BCNY 9.23BCNY 5.96B
Total liabilitiesCNY 81.2BCNY 91.0BCNY 82.9BCNY 41.4BCNY 20.8B
Shareholders' equityCNY 73.1BCNY 71.3BCNY 60.6BCNY 45.2BCNY 41.1B

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of Li Auto Inc., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Operating cash flowCNY -8.61B≈ US-$1.20BCNY 15.9B≈ US$2.21BCNY 50.7B≈ US$7.16BCNY 7.38B≈ US$1.10BCNY 8.34B≈ US$1.29B
Capital expendituresCNY 4.21BCNY 7.73BCNY 6.51BCNY 5.13BCNY 3.44B
Free cash flowCNY -12.8B≈ US-$1.78BCNY 8.20B≈ US$1.14BCNY 44.2B≈ US$6.24BCNY 2.25B≈ US$335.4MCNY 4.90B≈ US$759.0M
Depreciation and amortizationCNY 4.64BCNY 3.06BCNY 1.81BCNY 1.21BCNY 590.4M
Stock-based compensationCNY 1.26BCNY 2.63BCNY 2.38BCNY 2.05BCNY 1.10B
Investing cash flowCNY -703.1MCNY -41.1BCNY -12.1MCNY -4.36BCNY -4.26B
Financing cash flowCNY 767.4MCNY -415.6MCNY 185.4MCNY 5.64BCNY 16.7B
Net change in cashCNY -9.00BCNY -25.4BCNY 50.9BCNY 9.93BCNY 20.3B
Ratio
Stock-based compensation, % of revenue1.1%1.8%1.9%4.5%4.1%

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Li Auto Inc. reports no single share count on its 10-K and 10-Q covers. Companies with several share classes report one count per class, which this data doesn't include.

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
  • ≈ US$ figures convert CNY at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.