Zhi Tong Cai Jing·2025-09-02 11:07Core Viewpoint - NIO-SW (09866) reported a second-quarter performance for the period ending June 30, 2025, with automotive sales reaching 16.1361 billion yuan, a year-on-year increase of 2.9%, and total revenue of 19.0087 billion yuan, a year-on-year increase of 9%, while net loss was 4.9948 billion yuan, a year-on-year decrease of 1% [1][2] Group 1 - The company delivered 72,056 smart electric vehicles in the second quarter, representing a year-on-year growth of 25.6% [1] - The launch of the L90 and the new ES8 models received positive market feedback, further solidifying overall sales growth momentum [1] - The company expects total deliveries in the third quarter to reach between 87,000 and 91,000 vehicles, a year-on-year increase of 40.7% to 47.1%, marking a historical high for the company [1] Group 2 - The company has implemented comprehensive cost reduction and efficiency enhancement measures, resulting in a more than 30% quarter-on-quarter reduction in non-GAAP operating losses, excluding organizational optimization costs [2] - The company is experiencing a structural turning point in its financial performance, entering a virtuous cycle of continuous improvement [2]