0958 GMT - Li Auto's weaker-than-expected sales order may weigh on its earnings and revenue this year, Deutsche Bank Bin Wang writes in a note. The company's June deliveries fell 24% on year to 36,279 units, lower than its original guidance of between 482,000 to 532,000 units, Wang says. The company attributed the sales volume decline to its sales system upgrade, Wang adds. The organization restructuring negatively affected Li Auto's near-term sales performance, although this might positively benefit its sales in the medium and long term, DB says. The brokerage cut its 2025 revenue and net profit estimates by 7.1% and 18.9%, respectively. DB maintains a buy rating for the stock but lowers the target price to HK$145.00 from HK$148.00. Shares last closed at HK$103.60.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
July 02, 2025 05:58 ET (09:58 GMT)
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