NIO
NIO Inc
Q3 2024 Report
NIO Inc (NIO) Q3 2024 Financial Results: Navigating Growth amidst Challenges...
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Executive Summary
In Q3 2023, NIO Inc reported remarkable financial strides juxtaposed with evident challenges in profitability and operational efficiency. The company generated revenue of RMB 19.07 billion, marking a robust 46.6% increase year-over-year and a staggering 117.4% surge quarter-over-quarter. However, NIO continues to grapple with net losses, reporting a net loss of RMB 4.63 billion. Management emphasized the increase in vehicle deliveries, particularly with the launch of the All-New EC6, which solidified NIO's position as a leader in the Chinese EV segment with a market share of over 45%. Executive commentary projected a continued focus on operational efficiencies amidst intensifying competition, underscoring NIO's commitment to stabilizing vehicle margins while navigating price wars in the pulsating EV market.
Key Performance Indicators
Revenue
19.07B
QoQ: 117.36% | YoY:46.64%
Gross Profit
1.52B
8.00% margin
QoQ: 1 651.83% | YoY:-12.21%
Operating Income
-4.84B
QoQ: 20.25% | YoY:-25.16%
Net Income
-4.63B
QoQ: 24.39% | YoY:-12.60%
EPS
-2.67
QoQ: 27.84% | YoY:-6.37%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: RMB 19.07 billion (YoY: +46.6%, QoQ: +117.4%)
- **Vehicle Sales**: RMB 17.4 billion (YoY: +45.9%, QoQ: +142.3%)
- **Gross Profit**: RMB 1.52 billion (Gross Profit Margin: 8%)
- **Operating Loss**: RMB 4.84 billion (YoY: -25.2%, QoQ: +23.3%)
- **Net Loss**: RMB 4.63 billion (YoY: -12.6%, QoQ: +24.4%)