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Monday, December 30, 2019

Nio Inc.(NIO) reported earnings on Mon 30 Dec 19 (b/o)

** charts after earnings **


NIO beats by $0.25, beats on revs; guides Q4 revs above consensus; delivered 4799 vehicles in Q3 vs 3533 in Q2

  • Reports Q3 (Sep) loss of RMB 2.38 per share, excluding non-recurring items, RMB 0.25 better than the S&P Capital IQ Consensus of (RMB 2.63); revenues rose 21.8% year/year to RMB 1.84 bln vs the RMB 1.65 bln S&P Capital IQ Consensus.
  • Deliveries of vehicles were 4,799 in the third quarter of 2019 including 4,196 ES6s and 603 ES8s, compared with 3,553 vehicles delivered in the second quarter of 2019.
  • Gross margin in the third quarter of 2019 was negative 12.1%, compared with negative 33.4% in the second quarter of 2019 and negative 7.9% in the same quarter of 2018.
  • Co issues upside guidance for Q4, sees Q4 revs of RMB 2.8 bln vs. RMB 2.19 bln S&P Capital IQ Consensus. Deliveries of vehicles to be over 8,000 units, representing an increase of over 66.7% from the third quarter of 2019.
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