Schedule of consolidated financial information of the Group's VIEs and VIEs' subsidiaries |
| | | | | | | As of December 31, | | | 2023 | | 2024 | | | RMB | | RMB | Current assets: | | | | | Cash and cash equivalents | | 27,730,141 | | 3,746,663 | Restricted cash | | — | | 3,386 | Time deposits and short-term investments | | 10,207,873 | | 2,507,701 | Trade receivable | | 3,476 | | 4,258 | Amounts due from the Group companies(1) | | 30,567,860 | | 3,271,021 | Inventories | | 254 | | — | Prepayments and other current assets | | 172,090 | | 155,002 | Total current assets | | 68,681,694 | | 9,688,031 | Non‑current assets: | | | | | Long‑term investments | | 362,773 | | 171,538 | Property, plant and equipment, net | | 112,586 | | 124,775 | Operating lease right‑of‑use assets, net | | 653,620 | | 612,329 | Intangible assets, net | | 669,495 | | 666,853 | Deferred tax assets | | — | | 3,127 | Other non‑current assets | | 463,659 | | 297,716 | Total non-current assets | | 2,262,133 | | 1,876,338 | Total assets | | 70,943,827 | | 11,564,369 | Current liabilities: | | | | | Trade and notes payable | | 4,466,778 | | 1,343,590 | Amounts due to the Group companies(1) | | 57,988,379 | | 897,615 | Amounts due to related parties | | 23 | | 23 | Operating lease liabilities, current | | 45,011 | | 50,213 | Accruals and other current liabilities | | 590,927 | | 324,410 | Total current liabilities | | 63,091,118 | | 2,615,851 | Non‑current liabilities: | | | | | Operating lease liabilities, non‑current | | 705,635 | | 667,776 | Deferred tax liabilities | | — | | 4,637 | Other non‑current liabilities | | 25,321 | | 31,488 | Total non-current liabilities | | 730,956 | | 703,901 | Total liabilities | | 63,822,074 | | 3,319,752 | Total shareholders’ equity | | 7,121,753 | | 8,244,617 | Total liabilities and shareholders’ equity | | 70,943,827 | | 11,564,369 |
| | | | | | | | | For the Year Ended December 31, | | | 2022 | | 2023 | | 2024 | | | | | | | | | | | | | | | Third-party revenues | | — | | 3,376 | | 23,605 | Inter-company revenues(2) | | 7,211,082 | | 2,643,402 | | 1,733,503 | | | | | | | | Third-party cost | | (4,534,351) | | (11,530) | | (7,720) | Inter-company cost | | (8,290) | | — | | (202) | | | | | | | | Third-party expenses | | (1,638,834) | | (1,275,066) | | (1,611,040) | Inter-company expenses | | (302) | | (68,874) | | (4,721) | | | | | | | | Other (expense)/income | | (358,394) | | 1,099,921 | | 307,888 | Income before income tax | | 670,911 | | 2,391,229 | | 441,313 | Income tax benefit/(expense) | | 8,701 | | (244,363) | | (148,040) | Net income | | 679,612 | | 2,146,866 | | 293,273 | Net income attributable to ordinary shareholders of Li Auto Inc. | | 679,612 | | 2,146,866 | | 293,273 |
| | | | | | | | | For the Year Ended December 31, | | | 2022 | | 2023 | | 2024 | Net cash provided by inter-company transactions(3) | | 2,834,408 | | 2,643,402 | | 1,733,503 | Net cash used in transactions with external entities | | (10,922,189) | | (7,593,022) | | (692,505) | Net cash (used in)/provided by operating activities | | (8,087,781) | | (4,949,620) | | 1,040,998 | | | | | | | | Net cash (used in)/provided by transactions with external entities | | (2,149,494) | | (2,087,758) | | 7,658,640 | Net cash (used in)/provided by investing activities | | (2,149,494) | | (2,087,758) | | 7,658,640 | | | | | | | | Net cash provided by/(used in) inter-company transactions | | 20,417,626 | | 15,279,213 | | (32,677,074) | Other financing activities with external entities | | 1,598,877 | | (500,000) | | — | Net cash provided by/(used in) financing activities | | 22,016,503 | | 14,779,213 | | (32,677,074) | Effects of exchange rate changes on cash, cash equivalents and restricted cash | | 32 | | 481,305 | | (2,656) | Net change in cash, cash equivalents and restricted cash | | 11,779,260 | | 8,223,140 | | (23,980,092) | Cash, cash equivalents and restricted cash at beginning of the year | | 7,727,741 | | 19,507,001 | | 27,730,141 | Cash, cash equivalents and restricted cash at end of the year | | 19,507,001 | | 27,730,141 | | 3,750,049 |
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