It is learned on December 20 from Sina Finance, Lyon issued a research report saying that it reiterated the “buy” rating of Li Auto-W (02015), and the profit forecast for the fiscal year 2022-24 remains unchanged. Due to different factors, the target price is lowered from HK$190 to HK$125.

The company’s revenue in the third quarter rose 20.2% year-on-year to 9.3 billion yuan, and its net loss expanded from 21.5 million yuan in the same period last year to 1.7 billion yuan, mainly due to non-recurring losses from the inventory impairment and discounted sales of Ideal ONE.