LI AUTO INC. (SP.ADR)/2 (L87A) - Net Assets
Based on the latest financial reports, LI AUTO INC. (SP.ADR)/2 (L87A) has net assets worth €73.14 Billion EUR (≈ $85.51 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€154.30 Billion ≈ $180.39 Billion USD) and total liabilities (€81.16 Billion ≈ $94.88 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LI AUTO INC. (SP.ADR)/2 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €73.14 Billion |
| % of Total Assets | 47.4% |
| Annual Growth Rate | 15.52% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 11.68 |
LI AUTO INC. (SP.ADR)/2 - Net Assets Trend (2021–2025)
This chart illustrates how LI AUTO INC. (SP.ADR)/2's net assets have evolved over time, based on quarterly financial data. See how many days can LI AUTO INC. (SP.ADR)/2 fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for LI AUTO INC. (SP.ADR)/2 (2021–2025)
The table below shows the annual net assets of LI AUTO INC. (SP.ADR)/2 from 2021 to 2025. For live valuation and market cap data, see L87A market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €73.14 Billion ≈ $85.51 Billion |
+2.55% |
| 2024-12-31 | €71.32 Billion ≈ $83.38 Billion |
+17.74% |
| 2023-12-31 | €60.58 Billion ≈ $70.82 Billion |
+34.06% |
| 2022-12-31 | €45.19 Billion ≈ $52.83 Billion |
+10.04% |
| 2021-12-31 | €41.06 Billion ≈ $48.01 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to LI AUTO INC. (SP.ADR)/2's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1798199200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €11.18 Billion | 15.39% |
| Other Components | €61.44 Billion | 84.61% |
| Total Equity | €72.62 Billion | 100.00% |
LI AUTO INC. (SP.ADR)/2 Competitors by Market Cap
The table below lists competitors of LI AUTO INC. (SP.ADR)/2 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Tuopu Group Co Ltd
SHG:601689
|
$15.29 Billion |
|
Mueller Industries Inc
NYSE:MLI
|
$15.30 Billion |
|
Cholamandalam Investment and Finance Company Limited
NSE:CHOLAFIN
|
$15.32 Billion |
|
Banco Santander Chile
SN:BSANTANDER
|
$15.32 Billion |
|
Phison Electronics
TWO:8299
|
$15.28 Billion |
|
VODACOM GROUP LTD. SP.ADR
F:5VD0
|
$15.26 Billion |
|
Fiberhome Telecommunication Technologies Co Ltd
SHG:600498
|
$15.24 Billion |
|
Shenzhen Megmeet Electrical Co Ltd
SHE:002851
|
$15.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LI AUTO INC. (SP.ADR)/2's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 70,874,884,000 to 72,619,255,000, a change of 1,744,371,000 (2.5%).
- Net income of 1,124,438,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.12 Billion | +1.55% |
| Other Changes | €619.93 Million | +0.85% |
| Total Change | €- | 2.46% |
Book Value vs Market Value Analysis
This analysis compares LI AUTO INC. (SP.ADR)/2's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.74x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €21.28 | €15.65 | x |
| 2022-12-31 | €22.95 | €15.65 | x |
| 2023-12-31 | €30.29 | €15.65 | x |
| 2024-12-31 | €35.30 | €15.65 | x |
| 2025-12-31 | €35.83 | €15.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LI AUTO INC. (SP.ADR)/2 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.00%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.12x
- Recent ROE (1.55%) is below the historical average (5.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.78% | -1.19% | 0.44x | 1.51x | €-4.43 Billion |
| 2022 | -4.49% | -4.44% | 0.52x | 1.93x | €-6.50 Billion |
| 2023 | 19.46% | 9.45% | 0.86x | 2.39x | €5.69 Billion |
| 2024 | 11.33% | 5.56% | 0.89x | 2.29x | €944.86 Million |
| 2025 | 1.55% | 1.00% | 0.73x | 2.12x | €-6.14 Billion |
Industry Comparison
This section compares LI AUTO INC. (SP.ADR)/2's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $43,782,335,307
- Average return on equity (ROE) among peers: -1.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LI AUTO INC. (SP.ADR)/2 (L87A) | €73.14 Billion | -0.78% | 1.11x | $15.28 Billion |
| Guangzhou Automobile Group Co. Ltd (02G) | $77.92 Billion | 13.99% | 0.70x | $836.75 Million |
| Niu Technologies (0O9) | $931.28 Million | -20.75% | 1.81x | $153.60 Million |
| BAIC Motor Corp Ltd (2B5) | $59.64 Billion | 3.78% | 1.81x | $311.20 Million |
| XPENG INC. CL.A DL-00001 (8XP) | $30.37 Billion | -3.75% | 2.40x | $10.71 Billion |
| XPENG INC. SP.ADS/2 CL.A (8XPA) | $36.91 Billion | -24.76% | 0.94x | $11.47 Billion |
| ASTON MART.LA.UADR LS-001 (A5S0) | $611.40 Million | -31.34% | 3.65x | $390.66 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BMW) | $42.76 Billion | 14.89% | 3.03x | $40.46 Billion |
| Bayerische Motoren Werke Aktiengesellschaft (BMW3) | $75.13 Billion | 16.48% | 2.05x | $3.87 Billion |
| China Yuchai International Limited (CYD) | $9.99 Billion | 5.16% | 0.86x | $1.39 Billion |
| Dongfeng Motor Group Company Limited (D4D) | $103.56 Billion | 12.90% | 0.79x | $3.00 Billion |
About LI AUTO INC. (SP.ADR)/2
Li Auto Inc. operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises multi-purpose vehicles and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as manufacturing equipment. The … Read more