Below are the financial statements of Li Auto, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of CNY | 2024 | 2023 |
|---|---|---|
| Revenues | — | — |
| Vehicle sales | 138.54a | 120.29a |
| Other sales and services | 5.92a | 3.56a |
| Total revenues | 144.46a | 123.85a |
| Cost of sales | — | — |
| Vehicle sales | -111.12a | -94.48a |
| Other sales and services | -3.68a | -1.87a |
| Total cost of sales | -114.8a | -96.35a |
| Gross profit | 29.66a | 27.5a |
| Operating expenses | — | — |
| Research and development | -11.07a | -10.59a |
| Selling, general and administrative | -12.23a | -9.77a |
| Other operating income, net | 0.66a | 0.26a |
| Total operating expenses | -22.64a | -20.09a |
| Income from operations | 7.02a | 7.41a |
| Other (expense)/income | — | — |
| Interest expense | -0.19a | -0.09a |
| Interest income and investment income, net | 1.82a | 2.08a |
| Others, net | 0.66a | 1.05a |
| Income before income tax | 9.32a | 10.45a |
| Income tax benefit/(expense) | -1.27a | 1.36a |
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