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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。