Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2023 Rev YoY: +7.7% EPS YoY: +160.9% Move: -4.50%

NIO Inc

NIO

$5.31 -4.50%

Exchange NYSE Sector Consumer Cyclical Industry Auto Manufacturers

Q1 2023

Published: Mar 1, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for NIO

Reported

Report Date

Mar 1, 2023

Quarter Q1 2023

Revenue

10.68B

YoY: +7.7%

EPS

-2.87

YoY: +160.9%

Market Move

-4.50%

Previous quarter: N/A

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Earnings Highlights

Revenue of $10.68B up 7.7% year-over-year
EPS of $-2.87 increased by 160.9% from previous year
Gross margin of 1.5%
Net income of -4.74B
""We expect the total deliveries in the second quarter of this year to be between 23,000 and 25,000 units," - William Li" - William Li

NIO

NIO Inc

Period Q1 2023

Currency CNY

Report Type Quarterly Earnings

Generated Mar 28, 2026

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Executive Summary

In Q1 2023, NIO Inc reported revenues of RMB 10.68 billion, reflecting a 7.7% year-over-year increase, but a stark 33.5% decline compared to Q4 2022. The quarter witnessed a total vehicle delivery of 31,041 units, an increase of 20.5%, signaling robust demand despite challenging market conditions. However, profitability remains a pressing concern, with a net loss of RMB 4.74 billion, representing a 165.9% increase in losses year-over-year. Management attributes revenue growth to expanded user engagement but highlights the need for careful control of operational costs and a focus on high-margin products amidst ongoing competition in the electric vehicle sector.

Key Performance Indicators

Revenue

Increasing

10.68B

QoQ: -33.54% | YoY: 7.73%

Gross Profit

Decreasing

162.29M

1.52% margin

QoQ: -73.90% | YoY: -88.78%

Operating Income

Increasing

-5.11B

QoQ: -24.11% | YoY: 133.56%

Net Income

Increasing

-4.74B

QoQ: -18.09% | YoY: 165.87%

EPS

Increasing

-2.87

QoQ: -18.23% | YoY: 160.91%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Performance:
- Total Revenue: RMB 10.68 billion (YoY: +7.7%, QoQ: -33.5%)
- Vehicle Sales: RMB 9.20 billion (YoY: -0.2%, QoQ: -37.5%)

Profitability Metrics:
- Gross Profit: RMB 162.29 million (Gross Margin: 1.5%)
- Operating Income: -RMB 5.11 billion (Operating Margin: -47.9%)
- Net Income: -RMB 4.74 billion (Net Margin: -44.4%)

Operational Expenses:
- R&D Expenses: RMB 3.08 billion (YoY: +74.6%)
- SG&A Expenses: RMB 2.44 billion (YoY: +21.4%)

Cash Position:
- Cash, Cash Equivalents & Short-term Investments: RMB 37.8 billion as of March 31, 2023.
Liquidity Ratios:
- Current Ratio: 1.28
- Quick Ratio: 1.12

Mixed figures indicate operational struggles, particularly a sharp decrease in vehicle margins attributed to changing product mix and increased promotional activities. Management emphasized the need for a revitalized focus on R&D and effective cost management to stabilize the balance sheet and ensure positive cash flow in the upcoming quarters.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	10.68B	7.73%	-33.54%
Gross Profit	162.29M	-88.78%	-73.90%
Operating Income	-5.11B	133.56%	-24.11%
Net Income	-4.74B	165.87%	-18.09%
EPS	-2.87	160.91%	-18.23%

Key Financial Ratios

Gross Profit Margin

Weak

1.52%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.48%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.44%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.05%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.24%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.28

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.45

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Negative

-0.91x

Negative earnings make P/E ratio not meaningful

Price to Book

Undervalued

0.88x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2024	18,673.53	-2.50	-2.1%	View
Q2 2024	17,445.97	-2.50	+98.9%	View
Q1 2024	9,908.64	-2.57	-7.2%	View
Q4 2023	17,103.18	-3.18	+6.5%	View
Q3 2023	19,066.55	-2.67	+46.6%	View
Q1 2023	10,676.47	-2.87	+7.7%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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