India, May 29 -- Chinese electric vehicle manufacturer Li Auto Inc. (LI) reported Thursday higher profit and revenues in its first quarter, with strong growth in vehicle deliveries. Further, the company projects higher revenues in its second quarter, but below the market estimates.
In the pre-market activity on the Nasdaq, Li Auto shares were losing around 2.08 percent to trade at $27.32.
In the first quarter, net income was RMB646.6 million or $89.1 million, an increase of 9.4 percent from RMB591.1 million a year ago. Net earnings per ADS attributable to ordinary shareholders was RMB0.62 or $0.08, compared with RMB0.56 in the prior year.
Adjusted net income was RMB1.0 billion or $139.8 million, compared to RMB1.3 billion last year. Adju...