NIO Earnings: What Happened with NIO

^{Source: Predictions based connected analysts' statement from Visible Alpha}

NIO Financial Results: Analysis

NIO Inc. (NIO) reported Q2 FY 2021 earnings that bushed expert estimates. The institution posted a nonaccomplishment per share of RMB0.42 ($0.06), a smaller nonaccomplishment than what analysts expected. Revenue besides surpassed expectations, rising 127.2% twelvemonth implicit twelvemonth (YOY). NIO's vehicle deliveries, which were reported astatine the opening of July, came successful astatine 21,896 for the quarter, exceeding analysts' forecasts. The company's shares dipped somewhat successful post-market trading. Over the past year, NIO's shares person provided a total return of 238.5%, good supra the S&P 500's full instrumentality of 33.4%.

Note that NIO shares referred to passim this communicative represent NYSE-listed American depositary shares (ADS) with the ticker NIO.

NIO Vehicle Deliveries

Most of NIO's gross is generated done the merchantability of vehicles. NIO delivered a full of 21,896 vehicles successful Q2 FY 2021, up 111.9% from the year-ago quarter. Total conveyance deliveries tin beryllium breached down into deliveries of 3 models:

• 4,433 ES8s, the company's 6-seater and 7-seater flagship premium astute electrical SUV
• 9,935 ES6s, the company's 5-seater high-performance premium astute electrical SUV
• 7,528 EC6s, the company's 5-seater premium electrical coupe SUV

The fig of conveyance deliveries provides an denotation of the request for NIO's vehicles arsenic good arsenic the company's quality to standard production. NIO has faced a fig of supply chain issues this year, including challenges related to the planetary semiconductor shortage. The institution was forced to unopen down 1 of its factories for 5 days adjacent the extremity of the archetypal 4th owed to the spot shortage.

"While the planetary proviso concatenation inactive faces uncertainties, we person been moving intimately with our partners to amended the wide proviso concatenation accumulation capacity," said William Bin Li, institution founder, chairman, and main enforcement officer.

Total conveyance income were RMB7.9 billion, up 127.0% compared to the year-ago quarter. Vehicle income accounted for astir 93.7% of NIO's full gross for the quarter. The company's conveyance margin, a measurement of gross margin for conveyance sales, was 20.3% compared to 9.7% successful the year-ago quarter. When conveyance borderline is higher, it means that much conveyance income are being generated comparative to the costs of making those vehicles. NIO said that the YOY emergence successful its conveyance borderline was driven by an summation successful conveyance transportation volume, higher mean selling prices, and little worldly costs.

NIO Vehicle Delivery and Revenue Outlook

NIO expects conveyance deliveries for Q3 FY 2021 to beryllium betwixt 23,000 and 25,000, which would correspond a YOY summation of astir 88.4% to 104.8%. It expects gross to emergence betwixt 96.9% and 112.8% compared to the 3rd 4th of FY 2020.

NIO's adjacent net study (for Q3 FY 2021) is estimated to beryllium released connected Nov. 15, 2021.