How Li Auto (LI) Makes Money: A Visual Guide
Li Auto (LI) generated 108.98B CNY in revenue but reported a net loss of 1.80B CNY. Below is an interactive breakdown of how revenue flows through the income statement.
Li Auto (LI) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending (reported ).
Frequently asked questions
How much revenue does Li Auto (LI) generate?
Li Auto (LI) generated 108.98B CNY in total revenue for TTM through Q1 2026 with a net profit margin of -1.7%.
What is Li Auto (LI) gross profit margin?
Li Auto (LI) reported a gross profit margin of 16% for TTM through Q1 2026, equivalent to 17.42B CNY in gross profit. This means Li Auto retains 16% 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 -3.9% for TTM through Q1 2026, equivalent to −4.21B 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 -1.7% for TTM through Q1 2026, equivalent to −1.80B 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 8.50B CNY in research and development in TTM through Q1 2026 (7.8% 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 Q1 2026 (3.9% 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 Q1 2026 (-11.8% 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.
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.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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