05:34 AM EDT, 05/20/2024 (MT Newswires) -- Li Auto ( LI ) reported Q1 adjusted earnings Monday of 1.21 Chinese renminbi ($0.17) per diluted American depositary share, down from 1.35 renminbi per ADS a year earlier.

Three analysts surveyed by Capital IQ expected 1.46 renminbi.

Revenue for the quarter ended March 31 was 25.63 billion renminbi, up from 18.79 billion renminbi a year earlier.

Analysts polled by Capital IQ expected 27.41 billion renminbi.

For Q2, revenue is expected to be between 29.9 billion renminbi to 31.4 billion renminbi. Analysts polled by Capital IQ are expecting 36.22 billion renminbi.

The company expects to deliver 105,000 to 110,000 vehicles in Q2.

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