On September 2, NIO-SW declined 3.73% in regular trading, trading at 29.36 HKD/share, with turnover of approximately 58.71 million HKD, extending the prior session's selloff following the release of its Q2 earnings report.
On September 1, NIO reported Q2 total revenue of 32.137 billion RMB, up 69.1% year-over-year but falling short of the market consensus estimate of 33.489 billion RMB. More critically, Q3 revenue guidance of 33.285 billion to 34.051 billion RMB came in well below the Street estimate of 36.01 billion RMB. Meanwhile, August deliveries totaled 35,836 vehicles, representing only a 14.5% year-over-year increase — a marked deceleration from the 57.9% cumulative growth rate over the first eight months. Although the company achieved a positive adjusted net profit of 261 million RMB, swinging from a loss of 4.127 billion RMB a year ago, and vehicle gross margin improved to 18.5%, the revenue miss combined with soft forward guidance raised concerns about slowing growth momentum, pressuring shares across both Hong Kong and U.S. listings.
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