According to Futu News on August 12, NIO Inc. released its financial results for the second quarter of 2021 after the US stock market opened on Wednesday. The phone call will be held at 9: 00 a.m. on August 12, Beijing time.
Data show that NIO Inc. in the second quarter:
21896 vehicles were delivered in a single quarter, up 111.9% from the same period last year and 9.2% from the previous quarter.
The total revenue reached 8.448 billion yuan, up 127.2% from the same period last year and 5.8% from the previous month, of which the revenue from automobile sales was 7.912 billion yuan, up 127% from the same period last year and 6.8% from the previous month.
The gross profit margin of vehicle sales is 20.3% and the comprehensive gross margin is 18.6%.
Expenditure on R & D was 880 million yuan, an increase of 28.7% over the previous month; cash reserves were 48.32 billion yuan
The net loss attributable to shareholders was 659 million yuan (US $102 million), which was 45.4% lower than the same period last year and 86.5% lower than the previous year.
The adjusted net loss (non-GAAP) was 336 million yuan ($52 million), down 70.3% from a year earlier and 5.3% from a month earlier.
The adjusted loss per ADS was 0.21 yuan, compared with 1.08 yuan in the same period last year, a sharp reduction of 80 per cent.
According to Bloomberg's consensus forecast, 2021Q2 NIO Inc. 's revenue was about 8.292 billion yuan, a year-on-year + 123% non-GAAP 2021Q2 net loss of 684 million yuan.
The company expects delivery of 23000 to 25000 vehicles in the third quarter, up 5.0% to 14.2% from the second quarter. Revenue is expected to range from 8.913 billion to 9.631 billion yuan in the third quarter, up 5.5 to 14.0 per cent from the second quarter.
Li Bin, founder, chairman and CEO of NIO Inc., said that the company's delivery volume reached a record high in the second quarter, and the cumulative car delivery volume as of July 31 this year increased to 125528:
At a time when the global supply chain is still facing uncertainty, we have been working closely with our partners to increase the overall supply chain capacity. Encouraged by growing user demand, we will remain committed to further expanding our power exchange network, increasing service and sales coverage and, more importantly, accelerating the development of our products and technologies.
With regard to new products, Li Bin said that the goal is to launch three new products based on NIO Inc. technology platform 2.0 by 2022, including the flagship advanced smart electric car ET7.
Currently, 23 analysts have a "buy" rating on NIO Inc., and five analysts suggest holding it, with a consistent target price of $64.43, closing at $43.97 on Aug. 12.
After the announcement of the results, the company's share price was repeated, falling more than 1% after trading and now rising.
Edit / Viola
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