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HSBC Research Axes TP of LI AUTO-W (02015.HK) to HKD67, Expects 1Q to Remain Subdued
2026-03-24 14:34:27
HSBC Global Investment Research released a report on LI AUTO-W (02015.HK), which delivered weak 4Q25 results, with a net profit of RMB6.5 million, roughly in line. Looking ahead to 1Q26, the broker forecast sustained pressure, projecting a loss of RMB1.9 billion, with sales sinking by 20% QoQ to approximately 87,000 units, given seasonality in the industry.

HSBC Global Investment Research revised down its revenue forecasts for LI AUTO for 2026 and 2027 by 19% and 16%, respectively, with corresponding profit forecasts axed by 70% and 26%.

The Hold rating was maintained, with the TP for LI AUTO's Hong Kong shares reduced from HKD72 to HKD67, and the TP for LI AUTO (LI.US) US shares dropped from USD18.6 to USD17.2.
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