CORRECTED-China's NIO estimates first quarterly adjusted profit in Q4

Overview

• China EV maker's preliminary Q4 adjusted operating profit expected, first time achieving this

• Company attributes profit to sales growth, margin optimization, and cost reduction

• Preliminary results unaudited; final figures may differ

Outlook

• Company expects Q4 2025 adjusted profit from operations between RMB700 mln and RMB1,200 mln

• NIO attributes profit forecast to sales growth, margin optimization, and cost reduction

Result Drivers

• SALES GROWTH - NIO attributed its expected Q4 adjusted profit to sustained growth in sales volume

• MARGIN OPTIMIZATION - Improved vehicle margin driven by a favorable product mix contributed to results

• COST REDUCTION - Comprehensive cost reduction efforts and improved operational efficiency supported profitability

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the auto & truck manufacturers peer group is "buy"

• Wall Street's median 12-month price target for NIO Inc is $6.95, about 56.5% above its February 4 closing price of $4.44

Press Release: ID:nGNX3Sv63v

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.