Li Auto delivered 31,716 vehicles in the first quarter, which is near the upper end of the guidance range of 30,000-32,000 vehicles.
Li Auto (NASDAQ: LI, HKG: 2015) will report unaudited first-quarter earnings on Tuesday, May 10, before the US stock market opens, the company said today.
Li Auto has already released figures showing it delivered 31,716 vehicles in the first quarter, up 152 percent year-on-year and down 10 percent from the fourth quarter last year.
The company’s delivery guidance for the first quarter of 2022 was 30,000-32,000 vehicles when it reported last year’s fourth-quarter results in late February, the same as its previous guidance for last year’s fourth quarter.
The company’s deliveries in the first quarter were near the upper end of that guidance range.
Li Auto‘s revenue guidance for the first quarter was RMB 8.84 billion – RMB 9.43 billion, implying year-on-year growth of 147.2 percent – 163.7 percent.
The company’s management will hold an earnings conference call at 8:00 am US Eastern Time or 8:00 pm Beijing/Hong Kong Time on the same day.
It’s worth noting that Li Auto was added to the list of Chinese companies facing possible delisting as announced by the US Securities and Exchange Commission (SEC) last week. The company will likely be asked about this topic in particular.
Being on the list is not the same as being delisted from the US. A company can only be restricted from trading in the US stock markets if it has failed to open its audit filings to the US for three consecutive years, Li Auto said in an April 22 statement.
“We have been actively seeking a solution as a responsible company to our investors, and are actively cooperating with audit paper-related efforts in accordance with domestic and international regulatory requirements,” the company said.
In addition, the company has completed its primary listing in Hong Kong last year, and shares in the two places are fungible, allowing US investors to convert their holdings to be held in Hong Kong at any time, Li Auto said.
For participants who wish to join the conference call, they need to complete online registration using the link provided below at least 20 minutes prior to the scheduled call start time.
Upon registration, participants will receive the conference call access information, including dial-in numbers, Direct Event passcode, a unique registrant ID and an e-mail with detailed instructions to join the conference call.
Participant Online Registration: http://apac.directeventreg.com/registration/event/4179921
A replay of the conference call will be accessible through May 18, 2022, by dialing the following numbers:
United States Toll Free: +1-855-452-5696
Chinese mainland: +86-400-820-9703
Hong Kong, China: +852-3051-2780
International: +61-2-8199-0299
Conference ID: 4179921
A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.lixiang.com.
17 firms, including Li Auto, added to SEC list for possible delisting
