On August 25, LI AUTO-W declined 3.03% in regular trading, trading at HKD 47.98/share, with turnover of HKD 399 million.

The decline was driven by a combination of weak industry fundamentals and cautious institutional sentiment ahead of the company's Q2 earnings release scheduled for August 26. Industry data showed national NEV retail sales of 399,000 units from August 1-16, representing a 15% year-over-year decline, dampening broader sector sentiment.

Market consensus expects Q2 revenue of approximately RMB 25.08 billion, down 17.31% year-over-year, with EBIT estimated at negative RMB 2.004 billion. Institutions have generally indicated they prefer to observe delivery data and gross margin recovery evidence before adjusting earnings forecasts, maintaining a cautious near-term stance on share price upside. Additionally, July deliveries of approximately 30,700 units made LI AUTO-W the only leading NEV brand to register a year-over-year decline, highlighting competitive pressure.

Within the Automobile Manufacturers sector, XPENG-W fell 9.02%, LEAPMOTOR fell 4.96%, NIO-SW fell 3.39%, while BYD COMPANY rose 1.29% and GEELY AUTO rose 2.76%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)