** Hong Kong shares of Li Auto 2015.HK fall 3.9% to HK$67.4, on course for the biggest one-day pct drop since February 26

** Stock touches its lowest since March 9, on track to snap five straight sessions of gain

** U.S.-listed stock LI.O fell 2.5% on Thursday

** China new energy vehicle maker's Q4 revenue fell 35% y/y on lower deliveries and adjusted net income dropped sharply y/y

** Nomura keeps "neutral" rating, noting marginal breakeven in 4Q25 for Li Auto with bumpy 1H26F

** YTD, Hong Kong stock up 5.2%, U.S.-listed shares up 5.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))