EH vs LI
EHang Holdings Ltd. and Li Auto Inc., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | EH | LI |
|---|---|---|
| Revenue | CNY 418.0M | CNY 112.3B |
| Net income | CNY -276.0M | CNY 1.1B |
| Gross margin | 61.5% | 18.7% |
| Net margin | −66.1% | 1.0% |
| Return on equity | −27.3% | 1.6% |
| Diluted EPS | −CNY 1.88 | CNY 0.54 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | CNY -327.4M | CNY -12.8B |
| Equity | CNY 1.1B | CNY 72.6B |
| Net debt / equity | −0.16× | −0.65× |
| Current ratio | 2.07× | 1.81× |
| Revenue CAGR 5y | 18.3% | 64.0% |
| Profit CAGR 5y | — | — |
LI bills 268.7× the revenue of EH, and EH closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
7 years side by side
| Fiscal year | EH | LI |
|---|---|---|
| FY2025 | CNY 418.0M | CNY 112.3B |
| FY2024 | CNY 456.2M | CNY 144.5B |
| FY2023 | CNY 117.4M | CNY 123.9B |
| FY2022 | CNY 44.3M | CNY 45.3B |
| FY2021 | CNY 56.8M | CNY 27.0B |
| FY2020 | CNY 180.1M | CNY 9.5B |
| FY2019 | CNY 121.8M | CNY 284.4M |
Net income by year
Bottom line
| Fiscal year | EH | LI |
|---|---|---|
| FY2025 | CNY -276.0M | CNY 1.1B |
| FY2024 | CNY -229.8M | CNY 8.0B |
| FY2023 | CNY -301.7M | CNY 11.8B |
| FY2022 | CNY -328.2M | CNY -2.0B |
| FY2021 | CNY -314.0M | CNY -321.5M |
| FY2020 | CNY -87.6M | CNY -151.7M |
| FY2019 | CNY -48.5M | CNY -2.4B |