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Moo Earnings 發表了動態 · 2023/08/30 23:01

NIO Q2 2023 Earnings Note

[Rewards] NIO Q2 margins contracted continually, and revamped models began shipping
Claim your Earnings Season offer by winning Rewards Points and discovering Investment Opportunities!
NIO Q2 2023 Earnings Note
NIO Q2 2023 Earnings Note
KEY Figures:
● Q2 total revenues were US$1,209.7 million, representing a decrease of 14.8% YoY (year-on-year) and a decrease of 17.8% from the first quarter of 2023. Specifically, vehicle sales were US$990.9 million in this quarter.
● Vehicle deliveries were 23,520 in Q2 2023, consisting of 10,492 electric SUVs and 13,028 electric sedans, representing a decrease of 6.1% YoY and a decrease of 24.2% QoQ (quarter-on-quarter).
● Vehicle margin was 6.2% in Q2 2023, compared with 16.7% YoY and 5.1% in the first quarter of 2023.
● Net loss was US$835.1 million this quarter, representing an increase of 119.6% YoY and an increase of 27.8% QoQ. Excluding share-based compensation expenses, adjusted net loss (non-GAAP) was US$751 million in Q2 2023.
● For the Q3 FY23 Outlook, deliveries of vehicles are between 55,000 and 57,000, representing an increase of 74% to 80.3% YoY approximately.
● For the Q3 FY23 Outlook, total revenues are between US$2,606 million and US$2,692 million, representing an increase of 45.3% to 50.1% YoY approximately.
KEY Points:
● "Attributed to the product transition based on NT2.0 Platform, coupled with the expansion of our power network and the strengthening of our sales capabilities, we expect a solid growth in vehicle deliveries in H2 2023," said William Bin Li, the CEO of NIO.
● In July 2023, NIO closed the US$738.5 million strategic equity investment from CYVN Entities, demonstrating the company's value and strengthening its balance sheet.
● In June 2023, NIO launched the ET5T, an electric tourer, and started its deliveries the next day. With the volume ramp-up of new models, there might be beneficial changes in the future.
● NIO plans to launch its first self-developed smartphone in September, aiming to improve the appeal of its cars with better software and connectivity.
● The Chinese EV makers as a whole are experiencing pressure on margins, which could delay their break-even years.
More statistics:
NIO Q2 2023 Earnings Note
The KEY in your hands:
By August 30, 2023, NIO shares had increased more than 9% since the beginning of 2023, falling behind the S&P 500 (.SPX), which was up about 18% during the same period (Source: moomoo APP).
How do you see NIO currently? What's your opinion or analysis about it? Speak out with mooers and get inspired by sharing!
Rewards:
1) Inspiration Reward: Based on comment originality, quality and engagement, one mooer has the chance to win 1000 points! The other two mooers will win 600 points each!
2) Participation Reward: We will provide 60 points for everyone who comments here with relevant posts over 15 words. For sure, any comment is welcome!
*You can exchange abundant gifts at the Rewards Club. Comments before September 14 ET will be counted. The above rewards are mutually exclusive.
For more information:
Disclaimer
Comments above are made available for informational purposes only. Before investing, please consult a licensed professional. *Source of data: https://news.moomoo.com/notice/150149647; NIO's earnings conference call*  This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Before investing, please consult a licensed professional. See this link for more information.
免責聲明：此内容由Moomoo Technologies Inc.提供，僅用於信息交流和教育目的。 更多信息
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