How Li Auto (LI) Makes Money: A Visual Guide
Li Auto (LI) generated 112.12B CNY in revenue (TTM through Q4 2025), earning 1.13B CNY in net profit (1% margin). Below is an interactive breakdown of how revenue flows through the income statement.
Li Auto (LI) Income Statement Flow
Frequently asked questions
How much revenue does Li Auto (LI) generate?
- Li Auto (LI) generated 112.12B CNY in total revenue for TTM through Q4 2025 with a net profit margin of 1%.
What is Li Auto (LI) gross profit margin?
- Li Auto (LI) reported a gross profit margin of 18.7% for TTM through Q4 2025, equivalent to 20.95B CNY in gross profit. This means Li Auto retains 18.7% of each revenue unit after direct costs of production.
What is Li Auto (LI) operating profit margin?
- Li Auto (LI) reported an operating profit margin of -0.9% for TTM through Q4 2025, equivalent to −986.71M CNY in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Li Auto (LI) net profit margin?
- Li Auto (LI) reported a net profit margin of 1% for TTM through Q4 2025, equivalent to 1.13B CNY in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Li Auto (LI) invest in R&D?
- Li Auto (LI) invested 8.32B CNY in research and development in TTM through Q4 2025 (7.4% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Li Auto (LI) spend on capital expenditures?
- Li Auto (LI) spent 4.21B CNY on capital expenditures in TTM through Q4 2025 (3.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Li Auto (LI) free cash flow?
- Li Auto (LI) generated −12.82B CNY in free cash flow for TTM through Q4 2025 (-11.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Li Auto (LI) effective tax rate?
- Li Auto (LI) had an effective tax rate of 12.2% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
Data & methodology
What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
- Based on company filings through TTM through Q4 2025.
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