Li Auto's third-quarter financial report released, with both revenue and profit increasing

Ideal Auto recently released its third-quarter financial report, which showed that the company's total revenue reached 42.9 billion yuan, a year-on-year increase of 23.6%. Quarterly deliveries reached 152,800 vehicles, a year-on-year increase of 45.4%. Net profit was 2.8 billion yuan, a year-on-year increase of 0.3%. The gross profit margin of automobiles was 20.9%, returning to above 20%. As of September 30, Ideal Auto's cash reserves reached approximately 106.5 billion yuan.