Li Auto (2015 HK) Q4 (CNY): Revenue 28.8bln (exp. 28.8bln), Adj. Net Income 274.4mln, Deliveries 109,194 vehicles, sees Q1 revenue between 20.4-21.6bln (exp. 24.0bln) and deliveries between 89-90k

Li Auto's Q4 results match expectations on revenue but underperform on the guidance for Q1, indicating potential challenges ahead. The discrepancy between actual deliveries and forecasts suggests cautious sentiment about demand going forward, which may weigh on investor sentiment and influence the share price in the near term.