Li Auto Sales Profit Analysis & Comparison
Recently, Li Auto announced its financial results for the fourth quarter of fiscal year 2023.
This figure indicates that the company generated revenue of 417300 million yuan, an increase of 136% over the same period of last year, reaching a record high. Fourth-quarter revenue was 45900 million yuan, an increase of 374 over the same period last year2%, also a record high.
In 2023, Li Auto's revenue reached 1238500 million yuan, an increase of 173 compared to 20225 percentage points.
In the past, people ranked the new forces as "Wei Xiaoli", and the ideal was not liked by everyone, so it was ranked at the end, and now, its strength has far surpassed that of Weilai and Xiaopeng. In terms of sales, revenue, and market value, neither NIO nor Xpeng can win.
Taking the market value of Li Auto as an example, it is 11.8 billion and 8.9 billion respectively with NIO and Xpeng, which together are less than 50% of Li Auto.
Revenue for the fourth quarter was 417300 million yuan, with a profit of 45900 million yuan, delivery of 1318,000 units, that's a base number.
In the fourth quarter of this year, the average price of an ideal car reached 31660,000 yuan, and the sales amount also exceeded 130,000 yuan, becoming one of the best-selling cars in China.
In terms of profits, a car can earn 35,000 yuan, and it is also the most profitable among domestic new energy vehicles.
If you look at the sales of BYD and Tesla, you can imagine their level of profitability.
BYD's financial report for the fourth quarter of this year is not clear, so it can only be counted, its revenue in the first three months was 422.3 billion, and in the first quarter, it was 2.08 million vehicles, that is, the ** of each car was 203000 bucks.
In the third quarter of last year, the company's profit was 21.4 billion, that is, the net profit was only 10,000 yuan, which was still far from his goal.
Tesla, for example, had revenue of 25.2 billion yuan in the fourth quarter of 2022; Total sales volume was 484,500 units, with a total sales volume of 395.3 billion yuan.
Equivalent to ** yuan, the average price of this car is 37Around 20,000 yuan, slightly higher than the ideal price. The average net profit is 58,800 yuan, a figure that has exceeded his expectations.
Li Auto, Tesla Motors Quarterly Report, BYD Auto Auto Third Quarterly Report.
It can be seen that even if BYD's sales are better than Tesla's, compared with Tesla, it is still a big difference, and it still needs to work hard.
Tesla's revenue does not come entirely from vehicles, but from other industries, so revenue and profit do not fully represent sales volume, and can only be used as a general reference.