Li Auto, Inc. (NASDAQ:LI) Q4 2023 Earnings Conference Call February 26, 2024 7:00 AM ET

Company Participants

Kobe Wang - Head of Capital Markets

Xiang Li - Chairman and CEO

Johnny Tie Li - Chief Financial Officer

Donghui Ma - President

James Liangjun Zou - Senior Vice President

Conference Call Participants

Tim Hsiao - Morgan Stanley

Yingbo Xu - CITIC Securities

Tina Hou - Goldman Sachs

Ming Hsun Lee - Bank of America

Yuqian Ding - HSBC

Operator

Hello, ladies and gentlemen. Thank you for standing by for Li Auto's Fourth Quarter and Full-Year 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. Today's call is being recorded.

I will now turn the call over to your host, Kobe Wang, the Head of Capital Markets of Li Auto. Please go ahead, Kobe.

Kobe Wang

Thank you, operator. Good evening, and good morning everyone. Welcome to the Li Auto's fourth quarter and full-year 2023 earnings conference call. The company's financial and operating results were published in a press release earlier today and were posted on the company's IR website.

On today's call, we will have our Chairman and CEO, Mr. Xiang Li; and our CFO, Mr. Johnny Tie Li. To begin with prepared remarks, our present, Mr. Donghui Ma; and the Senior VP, Mr. James Liangjun Zou will join for the Q&A discussion.

Before we continue, please be reminded that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements informed inherent risk and uncertainties. As such, the company's actual results may be materially different from the views expressed today. Further information regarding risks and uncertainties is included in certain company filings with the U.S. SEC and the Hong Kong Stock Exchange. The company does not assume any obligation to update any forward-looking statements except as required under applicable law.

Please also note that Li Auto's earnings press release and this conference call include discussion of unaudited GAAP financial information as well as unaudited non-GAAP financial measures. Please refer to Li Auto's disclosure document on our IR website which contains a reconciliation of unaudited non-GAAP measures to comparable GAAP measures. Our CEO will start his remarks in Chinese. There will be English translation after he finished all his remarks.

With that, I will now turn the call over to our CEO, Mr. Xiang Li. Please go ahead.