Weibo-SW (09866) continued to rise in early trading, with a 4.93% increase in stock price, currently at 37.25 Hong Kong dollars, with a turnover of 65.6833 million Hong Kong dollars.
Guolian previously pointed out that looking ahead to the fourth quarter, the company guides fourth quarter sales to be 72,000 to 75,000 autos, and indicates that the production of the Leidao brand can ramp up to 10,000 units in December. Currently, there are ample orders on hand, and it is expected that production capacity can be fully converted into sales. Therefore, the NIO brand may experience relatively weak sales in the fourth quarter, while the Leidao brand will become the main source of sales growth. In terms of revenue, the company guides fourth quarter revenue to be approximately 19.676 to 20.383 billion yuan, a year-on-year growth of 15% to 19.2%.
