On February 24, 2026, at the "Technology Innovation Leading New Quality Productive Forces Development Conference" held in Hefei, NIO-SW (09866) was recognized as an "Outstanding Enterprise for Comprehensive Local Tax Contribution." Founder, Chairman, and CEO William Li attended as a representative and delivered a speech. Li stated that the company expects to achieve an adjusted operating profit of 700 million to 1.2 billion yuan in the fourth quarter of 2025. This would mark NIO's first quarterly profit since its establishment 11 years ago, signaling the company's entry into a new phase of sustainable development. The 2025 operating results are attributed to persistent and determined investments in technological innovation, with long-term strategic investments now yielding returns. This has led to continuous optimization of gross margins, improved operating efficiency, and steady enhancement of operational quality.