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<Research>CICC Cuts LI AUTO-W (02015.HK) TP to $100 as 3Q Results Miss
Recommend 4 Positive 5 Negative 4 |
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LI AUTO-W (02015.HK) announced its 3Q25 results, with a revenue of RMB27.37 billion, and a non-GAAP net loss of RMB360 million, due to the loss from the recall of MEGA model, missing the expectations of the market/ CICC, CICC released a research report saying. CICC kept rating at Outperform for LI AUTO-W. LI AUTO-W's H-shares/ US stock are currently trading at an projected 2026 PE ratio of 15x/ 14x. While the market expected the Company's earnings to decline in 2025 and competitive pressure to increase in 2026, the broker was more focused on the reversal opportunities brought by the Company's strong product cycle and long-term AI investment. Therefore, CICC cut its target prices for LI AUTO-W's H-shares/ US stock by 7% to $100/ US$26, respectively. AASTOCKS Financial News Website: www.aastocks.com |
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