NIO shares jumped 5% intraday ahead of quarterly earnings release tomorrow.

Market attention has shifted from "survival" to "when real profitability will be achieved." This earnings report will serve as a critical inflection point, determining the trajectory of the company's full-year performance and whether the capital market will reprice the stock.

According to Bloomberg consensus estimates, the company’s Q2 revenue is expected to reach 19.96 billion RMB, marking a year-over-year growth of 14.4%. Adjusted EPS loss is projected at 2.17 RMB.

In its earlier guidance, NIO forecasted Q2 deliveries to range between 72,000 and 75,000 vehicles, representing year-over-year growth of 25.5% to 30.7% and quarter-over-quarter growth of 71% to 78%. Revenue guidance was set between 19.51 billion and 20.07 billion RMB, reflecting year-over-year growth of 11.8% to 15.0%.