Market Overview - The Hang Seng Index (HSI) rose by 37 points or 0.1%, closing at 26,885 points after initially dropping 219 points[1] - The Shanghai Composite Index fell by 26 points or 0.6%, closing at 4,075 points, with a total trading volume of 9,470 billion yuan[2] - The total market turnover in Hong Kong was 315.112 billion HKD[1] Cryptocurrency and Commodities - Bitcoin dropped 14.7% to 62,027 USD, marking a new low for 2024, while Ethereum fell nearly 16%[3] - Silver prices plummeted nearly 20% to 70.8 USD, and gold dropped 3.7% to 4,779 USD per ounce[3] Company Performance - NIO Inc. (09866.HK) projected an adjusted operating profit of 700 million to 1.2 billion RMB for Q4 2025, a significant turnaround from a loss of 5.5436 billion RMB in the same period last year[4]

蔚来方面表示，2025年第四季度业绩预盈主要归因于销量持续增长，有利的产品组合推动汽车毛利率优 化，以及公司持续推行全面降本增效措施。 蔚来创始人、董事长、CEO李斌称，蔚来在2025年四季度开源节流，毛利率稳步提升。"公司2025年下 半年的平均单价是上升的，并没有简单地以价换量，主要是通过技术降本和规模降本。" 北京商报讯（记者 蔺雨葳）2月6日，蔚来公司港股开盘上涨超5.5%。消息面上，2月5日晚间，蔚来公 司发布2025年第四季度盈利预告。 公告称，根据初步评估，预计2025年第四季度录得经调整经营利润约7亿—12亿元。此为蔚来首次单季 度经调整经营利润为正，2024年为经调整经营亏损55.436亿元。 ...

Core Viewpoint - NIO (9866.HK) experienced a counter-trend increase, with a peak rise of over 6% to HKD 39, following the announcement of its expected financial performance for the fourth quarter of the previous year [1] Financial Performance - The company anticipates an adjusted operating profit of approximately RMB 700 million to RMB 1.2 billion for the fourth quarter of last year, marking its first recorded adjusted operating profit in a single quarter [1] - For the fourth quarter of 2024, the company expects an adjusted operating loss of RMB 5.544 billion [1] Growth Drivers - The expected achievement of adjusted operating profit is attributed to sustained sales growth projected for the fourth quarter of 2025 [1] - An advantageous product mix is expected to enhance the automotive gross margin [1] - The company continues to implement comprehensive cost reduction and efficiency enhancement measures [1]

本文源自：金融界AI电报 蔚来(9866.HK)逆势上涨，盘中一度涨超6%报39港元。 ...

Core Viewpoint - NIO's stock price surged over 5.5% in Hong Kong following the announcement of its first quarterly profit, indicating positive market sentiment towards the company's financial improvement [1] Financial Performance - NIO's preliminary assessment suggests that it expects to achieve an adjusted operating profit (non-GAAP) of approximately RMB 700 million (about USD 100 million) to RMB 1.2 billion (about USD 172 million) in the fourth quarter of 2025 [1] - This marks the company's first recorded quarterly adjusted operating profit (non-GAAP), excluding stock-based compensation expenses [1]

Core Insights - NIO's stock price increased over 5.5% in Hong Kong following the announcement of its first-ever quarterly adjusted operating profit, reflecting positive market sentiment towards its financial improvement [2] - The company expects to report an adjusted operating profit (non-GAAP) of approximately RMB 700 million (around USD 100 million) to RMB 1.2 billion (approximately USD 172 million) for Q4 2025, alongside a GAAP operating profit forecast of about RMB 200 million (around USD 29 million) to RMB 700 million (around USD 100 million) [2] - The anticipated positive profit indicators signal strong operational improvements, although the net profit situation remains to be confirmed as the full Q4 and fiscal year 2025 results have not yet been disclosed [2] Group 1 - In 2025, NIO achieved a total delivery volume of 326,028 vehicles, marking a year-on-year increase of 46.9% [3] - The adjusted operating profit forecast for Q4 2025 is attributed to sustained sales growth, an advantageous product mix driving vehicle profit optimization, and ongoing cost reduction efforts alongside improved operational efficiency [3] - NIO delivered 27,182 vehicles in January, a significant year-on-year increase of 96.1%, supported by continued orders for the new ES8 model [3] Group 2 - Despite the encouraging Q4 performance forecast, there are concerns regarding NIO's ability to convert this quarterly profit into a sustainable and stable profit trend [3] - The company faces intense market competition, ongoing high levels of investment in technology research and development, and potential challenges from the macroeconomic environment [3]

Group 1 - The core message of the news is that NIO has reported a significant improvement in its financial performance, with expectations of positive adjusted operating profit for the first time in a single quarter [1][2] - NIO's stock prices rose over 5.5% in Hong Kong and 5.86% in the U.S. following the announcement of its quarterly earnings forecast, indicating positive market sentiment towards the company's financial recovery [1] - The company anticipates adjusted operating profit (non-GAAP) for Q4 2025 to be between approximately RMB 700 million (about $100 million) and RMB 1.2 billion (about $172 million), marking a notable milestone for the company [1] Group 2 - In 2025, NIO achieved a total delivery volume of 326,028 vehicles, representing a year-on-year increase of 46.9%, driven by sustained sales growth and an optimized product mix [2] - The anticipated operating profit for Q4 2025 is attributed to continuous sales growth, vehicle profit optimization, and ongoing cost reduction efforts, alongside improved operational efficiency [2] - In January, NIO delivered 27,182 vehicles, a year-on-year increase of 96.1%, supported by strong orders for the new ES8 model [3]

每经AI快讯，蔚来-SW(09866.HK)涨超6%，截至发稿，涨6.07%，报38.76港元，成交额7700.5万港元。 ...

Group 1 - The new consumption concept stocks in the Hong Kong market are showing localized strength, with notable gains in specific companies [1] - "Hushang Auntie" (02589.HK) has increased by over 4%, indicating positive market sentiment [1] - Other companies such as NIO-SW (09866.HK), Weilong (09985.HK), Cha Bai Dao (02555.HK), and Gu Ming (01364.HK) have also experienced upward movement in their stock prices [1]

港股 新能源车企股涨跌互现，蔚来-SW(09866.HK)涨超5%，理想汽车(02015.HK)、零跑汽车(09863.HK) 跟涨；小鹏汽车(09868.HK)、小米集团(01810.HK)均跌超1%。 ...