RMB RMB RMB US$
Cost of sales (27,034,971) (25,501,454) (33,649,545) (4,795,022)
Share-based
compensation
expenses 10,662 7,652 8,213 1,170
------------- ------------- ------------- -------------
Non-GAAP cost of
sales (27,024,309) (25,493,802) (33,641,332) (4,793,852)
============= ============= ============= =============
Research and
development
expenses (2,817,206) (3,027,581) (2,586,534) (368,578)
Share-based
compensation
expenses 431,294 224,332 296,778 42,291
------------- ------------- ------------- -------------
Non-GAAP research
and development
expenses (2,385,912) (2,803,249) (2,289,756) (326,287)
============= ============= ============= =============
Selling, general
and
administrative
expenses (2,543,770) (2,815,105) (3,359,640) (478,745)
Share-based
compensation
expenses 212,443 170,129 725,500 103,383
------------- ------------- ------------- -------------
Non-GAAP selling,
general and
administrative
expenses (2,331,327) (2,644,976) (2,634,140) (375,362)
============= ============= ============= =============
Income from
operations 2,339,378 468,029 3,432,673 489,152
Share-based
compensation
expenses 654,399 402,113 1,030,491 146,844
------------- ------------- ------------- -------------
Non-GAAP income
from operations 2,993,777 870,142 4,463,164 635,996
============= ============= ============= =============
Net income 2,812,874 1,100,940 2,820,490 401,917
Share-based
compensation
expenses 654,399 402,113 1,030,491 146,844
Non-GAAP net
income 3,467,273 1,503,053 3,850,981 548,761
============= ============= ============= =============
Net income
attributable to
ordinary
shareholders of
Li Auto Inc. 2,823,231 1,102,593 2,814,262 401,030
Share-based
compensation
expenses 654,399 402,113 1,030,491 146,844
Non-GAAP net
income
attributable to
ordinary
shareholders of
Li Auto Inc. 3,477,630 1,504,706 3,844,753 547,874
============= ============= ============= =============
Weighted average
number of ADSs
Basic 985,819,450 994,833,579 997,934,606 997,934,606
Diluted 1,059,821,062 1,062,428,185 1,062,727,888 1,062,727,888
Non-GAAP net
earnings per ADS
attributable to
ordinary
shareholders
Basic 3.53 1.51 3.85 0.55
Diluted 3.29 1.42 3.63 0.52
Weighted average
number of
ordinary shares
Basic 1,971,638,899 1,989,667,158 1,995,869,212 1,995,869,212
Diluted 2,119,642,125 2,124,856,370 2,125,455,776 2,125,455,776
Non-GAAP net
earnings per
share
attributable to
ordinary
shareholders(8)
Basic 1.76 0.76 1.93 0.27
Diluted 1.64 0.71 1.81 0.26
___________________________
(1) All translations from Renminbi ("RMB") to U.S. dollars ("US$") are made at a rate of RMB7.0176 to US$1.00, the exchange rate on September 30, 2024 as set forth in the H.10 statistical release of the Federal Reserve Board.
(2) Vehicle margin is the margin of vehicle sales, which is calculated based on revenues and cost of sales derived from vehicle sales only.
(3) The Company's non-GAAP financial measures exclude share-based compensation expenses and release of valuation allowance on deferred tax assets. See "Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results" set forth at the end of this press release.
(4) Each ADS represents two Class A ordinary shares.
(5) Free cash flow represents operating cash flow less capital expenditures, which is considered a non-GAAP financial measure.
(6) Except for vehicle margin, gross margin, and operating margin, where absolute changes instead of percentage changes are presented.
(7) Cash position includes cash and cash equivalents, restricted cash, time deposits and short-term investments, and long-term time deposits and financial instruments included in long-term investments.
(8) Non-GAAP basic net earnings per share attributable to ordinary shareholders is calculated by dividing non-GAAP net income attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the periods. Non-GAAP diluted net earnings per share attributable to ordinary shareholders is calculated by dividing non-GAAP net income attributable to ordinary shareholders by the weighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the periods, including the dilutive effects of convertible senior notes as determined under the if-converted method and the dilutive effect of share-based awards as determined under the treasury stock method.
(END) Dow Jones Newswires
October 31, 2024 04:30 ET (08:30 GMT)
