Li Auto Grants Restricted Shares to Employees

TapTechNews June 17th news, Li Auto announced on June 16th, under the 2019 plan, a total of 2,595,050 restricted share units (the grant of restricted share units) were granted to 195 employees, representing the same number of Class A common shares, accounting for approximately 0.12% of the total number of issued shares of the company as of the date of this announcement (on a one-share-one-vote basis).

According to the market price of Class A common shares on the grant date, HK$73.75 per share (TapTechNews note: currently about 69 RMB), Li Auto granted restricted shares worth about 179 million RMB to 195 employees, with an average of about 918,000 RMB per person.

Li Auto's revenue in the first quarter of 2024 was 25.6 billion RMB, the market expected 25.58 billion RMB, and the revenue in the same period last year was 18.79 billion RMB, an increase of 36.4% year-on-year and a decrease of 38.6% quarter-on-quarter.

The net profit of Li Auto in this quarter was 591.1 million RMB, a decrease of 36.7% year-on-year and a decrease of 89.7% quarter-on-quarter. Excluding US generally accepted accounting principles, the net profit was 1.3 billion RMB, a decrease of 9.7% year-on-year and a decrease of 72.2% quarter-on-quarter.

Li Auto expects that the revenue in the second quarter will be 29.9 billion to 31.4 billion RMB; the delivery volume will be 105,000 to 110,000 vehicles, and the market estimates 130,692 vehicles.