《大行》摩通:蔚来(NIO.US)首季业绩好坏参半 上调全年销量预测13%

阿斯达克财经
Jun 05, 2025

摩根大通发表报告指,蔚来-SW(09866.HK) (NIO.US)  首季业绩好坏参半,毛利率略高于该行及市场预期,主要得益于其他服务的亏损缩窄;但新产品及渠道扩张致营运费用和行销费用增加,致使净利低于预期(比摩通预估低6%)。该行预计末季非公认会计原则(non-GAAP)营运利润将实现收支平衡,受到强劲销量增长及盈利能力改善的推动。此外,该行指,蔚来管理层强调公司成本削减措施以提升盈利能力。...

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