by winston » Tue May 30, 2023 7:11 am
not vested
LI AUTO(2015)
Analysis:
Li Auto (2015) achieved satisfactory results in the first quarter of 2023, with high growth and increased profitability.
Total vehicle deliveries were 52,584 units in the first quarter of 2023, representing a 65.8% year-over-year increase.
Total revenues were RMB18.79 billion, representing an yoy increase of 96.5%.
Vehicle sales were RMB18.33 billion, representing an yoy increase of 96.9%, mainly attributable to the increase in vehicle deliveries, as well as the higher average selling price contributed by the Li L series.
Net income was RMB933.8 million in the first quarter of 2023, compared with RMB10.9 million net loss in the first quarter of 2022.
Besides turning around, the Group also attained record-high adjusted operating margin and free cash flow.
Free cash flow was RMB6.7 billion in the first quarter of 2023, representing an yoy increase of 1234.6% and a qoq increase of 105.8%.
The Group announced a dual roadmap of autonomous driving and BEV on April 18, which marked the 3.0 era of autonomous driving epitomized by city NOA and a new chapter in paralleled development of EREVs and HPC BEVs.
The Group believes that electrification and autonomy will drive continuous business expansion and greater economies of scale, which, combined with its ever-strengthening operational capability, will enable it to generate profits while creating additional value for users.
Its healthy profitability and cash flow, in turn, will allow continued capital deployment to fund research and development and enhance its business capabilities. (I do not hold the above stock)
Strategy:
Buy-in Price: $105, Target ! Price: $116, Cut Loss Price: $100
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"