long investors are crying 😭
$NIO Inc (NIO.US)$ the Q3 report is beyond and above expectations why is it dropped?
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Dragon Fish : Are you kidding the above expectation?
QiamTrader : same xpeng..
VIVEK SURANA : The revenue was not upto expectations, on Q on Q it actually dropped, the 4th Quarter revenue expectations are also very low because of low ASP, the ONVO may be helping to increase the delivery number but its eating up the main brand sales and hence revenue guidance is very bad.
bullbearnme : Improvements in Financial Health:
Gross Profit and Margin:
Gross profit increased significantly by 31.8% YoY and 18.9% QoQ, reaching RMB2,007.4 million.
Gross margin improved to 10.7%, up from 8.0% YoY and 9.7% QoQ.
Vehicle Margin:
Vehicle margin increased to 13.1%, up from 11.0% YoY and 12.2% QoQ, driven by reduced material costs.
Delivery Growth:
Deliveries reached 61,855 units, an 11.6% YoY and 7.8% QoQ growth.
Cash Position:
Despite ongoing losses, the company maintains a solid cash and cash equivalents balance of RMB42.2 billion (US$6.0 billion), supporting its operations and future growth plans.