Mei Ri Jing Ji Xin Wen·2025-09-03 07:17Core Viewpoint - NIO's Q2 2025 financial report shows revenue growth and reduced net loss, indicating a positive trend in sales and operational efficiency [1][3][7] Financial Performance - Q2 2025 revenue reached approximately 19.01 billion yuan, a year-on-year increase of 9% and a quarter-on-quarter increase of 57.9% [1][2] - Net loss for Q2 2025 was about 4.99 billion yuan, a decrease of 1% year-on-year and a decrease of 26% quarter-on-quarter [1][2] - Cash reserves stood at 27.2 billion yuan [1] Vehicle Sales and Deliveries - Total vehicle deliveries in Q2 2025 were approximately 72,056 units, a year-on-year increase of 25.6% and a quarter-on-quarter increase of 71.2% [4][5] - The automotive sales revenue for Q2 2025 was 16.14 billion yuan, reflecting a year-on-year increase of 2.9% and a quarter-on-quarter increase of 62.3% [6][7] Profitability Metrics - The overall gross margin for Q2 2025 was 10%, showing a slight increase of 0.3 percentage points year-on-year and a 2.4 percentage points increase quarter-on-quarter [7] - The company aims for a gross margin of 16% to 17% in Q4 2025, with a long-term target of 20% [3][7] Future Guidance - NIO expects total deliveries for Q3 2025 to reach between 87,000 and 91,000 units, representing a year-on-year growth of 40.7% to 47.1% [3] - Revenue for Q3 2025 is projected to be between 21.81 billion and 22.88 billion yuan, indicating a year-on-year growth of 16.8% to 22.5% [3] Research and Development - R&D expenses for Q2 2025 were approximately 3.007 billion yuan, a decrease of 6.6% year-on-year and 5.5% quarter-on-quarter [9] - The company plans to maintain R&D investments of 2 to 2.5 billion yuan per quarter in 2026 to ensure long-term competitiveness [9]