$LI · Li Auto Inc.
Li Auto filed three Next Day Disclosure Returns with the Hong Kong Stock Exchange covering share repurchases on September 8, 10, and 11, 2026. The September 8 filing details a repurchase of 539,100 WVR ordinary shares at a volume-weighted average price of HKD 49.4037, for a total outlay of HKD 26.63 million. Shares were retained as treasury shares rather than cancelled.
- Repurchased 539,100 WVR ordinary shares on September 8, 2026, at a volume-weighted average of HKD 49.4037 per share.
- Total aggregate price paid for the day was HKD 26,633,534.67, with shares held as treasury shares, not cancelled.
- Cumulative repurchases under the May 29, 2026 mandate now total 76,168,812 shares, or 3.555% of issued shares (ex-treasury).
- The repurchase mandate authorizes up to 214,280,424 shares; 35.5% of the authorization has been used.
- A 30-day moratorium on new share issuance or treasury share sales applies through October 8, 2026.
Extended-hours trading shows LI at $12.03, +1.86% vs the regular close of $11.81. Routine buyback disclosures typically see muted reactions; the modest after-hours uptick is consistent with a neutral-to-slightly-positive signal from ongoing capital return.
Li Auto has deployed 35.5% of its 214M-share buyback authorization in just over three months, signaling aggressive capital return at depressed valuations.
Chinese EV peers including NIO and XPeng have also conducted buyback programs amid sector-wide valuation pressure; Li Auto's pace of ~76M shares repurchased signals aggressive capital return relative to its ~$12B market cap.
The repurchase reduces shares outstanding but adds to treasury stock rather than cancelling, meaning shares could be reissued later, diluting the buyback's EPS benefit.
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