On March 12, the Chinese new energy car company “Li Xiang Auto” released its 2025 announcement, showing a double decline in revenue and net profit for the year. In particular, the net profit attributable to common shareholders plummeted by 85.8% compared to the previous year.
According to the 2025 fourth-quarter financial report and annual report released by Li Xiang Auto on the 12th, the company achieved a revenue of 112.312 billion yuan, a decrease of 22.3% year-on-year. The net profit attributable to common shareholders was 1.139 billion yuan, down 85.8% year-on-year, with a vehicle gross profit margin of 17.9%, lower than the 19.8% in the same period of 2024.
In the specific fourth quarter of 2025, Li Xiang Auto achieved a revenue of 28.775 billion yuan, a 35% decrease year-on-year, with a net profit attributable to common shareholders of 20.2 million yuan, down 99.4% year-on-year.
The financial report indicates that Li Xiang Auto experienced a significant year-on-year decline in sales volume, with 406,343 vehicles sold in 2025 compared to 500,508 vehicles in the same period of 2024. Analysts believe that the drop in sales volume is the main reason for the decline in Li Xiang Auto’s profitability, and price competition leading to a decrease in unit price has also squeezed profit margins.
Li Xiang Auto is a Chinese new energy car company specializing in electric vehicles, involved in the design, research and development, manufacturing, and sales of smart electric cars. It was founded in July 2015 and listed on the NASDAQ stock market in the United States on July 30, 2020.
Li Xiang Auto’s American stocks were reported at $17.830 per share on March 13, a decrease of 2.52%.