金吾财讯 | 招银国际研报指,蔚来(09866)3Q25毛利率超预期,但4Q25销量指引有所下调:蔚来3Q25收入符合该机构此前预测,毛利率环比提升3.9个百分点至13.9%,超出该机构的预期。3Q25净亏损收窄至36.6亿元,好于该机构的预测。但公司4Q25销量指引从此前的15万台下调至12-12.5万台,弱于市场预期。该机构指,4Q25盈亏平衡仍难实现:该机构认为管理层对4Q25 Non-...
Source Link金吾财讯 | 招银国际研报指,蔚来(09866)3Q25毛利率超预期,但4Q25销量指引有所下调:蔚来3Q25收入符合该机构此前预测,毛利率环比提升3.9个百分点至13.9%,超出该机构的预期。3Q25净亏损收窄至36.6亿元,好于该机构的预测。但公司4Q25销量指引从此前的15万台下调至12-12.5万台,弱于市场预期。该机构指,4Q25盈亏平衡仍难实现:该机构认为管理层对4Q25 Non-...
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