NIO's 1Q Margin, Cost Control Remain Disappointing -- Market Talk

Dow Jones

2025/06/05

0656 GMT - NIO's 1Q margins and cost control were disappointing, says Morningstar senior equity analyst Vincent Sun in a note. Revenue rose 21% on year but missed the low end of guidance due to heightened competition, inventory clearance and changes in model mix. The company cited weak sales as a drag on margins, and its 10% vehicle margin came in below Morningstar's expectations. While there's significant upside if management delivers on guidance, the brokerage remains cautious about NIO's ability to grow sales and narrow losses. Morningstar cuts its fair value estimate to $5 from $5.60. The ADRs last closed at $3.75. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 05, 2025 02:56 ET (06:56 GMT)

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Revenue rose 21% on year but missed the low end of guidance due to heightened competition, inventory clearance and changes in model mix. The company cited weak sales as a drag on margins, and its 10% vehicle margin came in below Morningstar's expectations. While there's significant upside if management delivers on guidance, the brokerage remains cautious about NIO's ability to grow sales and narrow losses. Morningstar cuts its fair value estimate to $5 from $5.60. The ADRs last closed at $3.75. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 05, 2025 02:56 ET (06:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO's 1Q Margin, Cost Control Remain Disappointing -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO's 1Q Margin, Cost Control Remain Disappointing -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-06-05 14:56</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0656 GMT - NIO's 1Q margins and cost control were disappointing, says Morningstar senior equity analyst Vincent Sun in a note. 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Revenue rose 21% on year but missed the low end of guidance due to heightened competition, inventory clearance and changes in model mix. The company cited weak sales as a drag on margins, and its 10% vehicle margin came in below Morningstar's expectations. While there's significant upside if management delivers on guidance, the brokerage remains cautious about NIO's ability to grow sales and narrow losses. Morningstar cuts its fair value estimate to $5 from $5.60. The ADRs last closed at $3.75. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","BK6125":"汽车制造商"},"translate_title":"蔚来第一季度利润率和成本控制仍然令人失望——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":1,"NIO.SI":1},"content_text":"0656 GMT - NIO's 1Q margins and cost control were disappointing, says Morningstar senior equity analyst Vincent Sun in a note. Revenue rose 21% on year but missed the low end of guidance due to heightened competition, inventory clearance and changes in model mix. The company cited weak sales as a drag on margins, and its 10% vehicle margin came in below Morningstar's expectations. While there's significant upside if management delivers on guidance, the brokerage remains cautious about NIO's ability to grow sales and narrow losses. Morningstar cuts its fair value estimate to $5 from $5.60. The ADRs last closed at $3.75. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 05, 2025 02:56 ET (06:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}