Li Auto reported a first-quarter 2026 net loss of RMB 2.3 billion, reversing a RMB 646.6 million net profit a year earlier. Loss per ADS was RMB 2.26 versus earnings per ADS of RMB 0.62 last year, and non-GAAP net loss was RMB 2.1 billion. The results signal a sharp deterioration in profitability for the EV maker and are likely to pressure the stock.
Li Auto reported a first-quarter 2026 net loss of RMB 2.3 billion, reversing a RMB 646.6 million net profit a year earlier. Loss per ADS was RMB 2.26 versus earnings per ADS of RMB 0.62 last year, and non-GAAP net loss was RMB 2.1 billion. The results signal a sharp deterioration in profitability for the EV maker and are likely to pressure the stock.
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strongly negative
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