Mei Ri Jing Ji Xin Wen·2026-02-05 22:44Core Viewpoint - NIO (09866.HK) announced a profit forecast for Q4 2025, expecting an adjusted operating profit (non-GAAP) between RMB 700 million (approximately USD 100 million) and RMB 1.2 billion (approximately USD 172 million), marking the first quarterly adjusted operating profit in the company's 11-year history [1][3]. Group 1: Financial Performance - In comparison, NIO recorded an adjusted operating loss of RMB 5.5436 billion in Q4 2024 [3]. - The company delivered approximately 326,000 new vehicles in 2025, with Q4 deliveries reaching about 124,800 units, a historical high and a year-on-year increase of 71.7%, contributing over 38% to the annual delivery total [5]. - According to GAAP, NIO expects to report an operating profit of RMB 200 million (approximately USD 29 million) to RMB 700 million (approximately USD 100 million) for Q4 2025 [8]. Group 2: Strategic Initiatives - The anticipated profitability in Q4 2025 is attributed to sustained sales growth, an advantageous product mix enhancing vehicle gross margins, and ongoing cost reduction and efficiency improvement measures [3]. - NIO's Chairman, Li Bin, expressed confidence in achieving profitability in Q4 2025 and set a goal for the company to achieve full-year profitability in 2026 [7]. - Li Bin described 2025 as a "strategically significant year" for the company, marking a transition to a new phase characterized by enhanced operational efficiency and quality [7]. Group 3: Market Reaction - Following the profit forecast announcement, NIO's stock price rose over 10% in pre-market trading, with a closing price of USD 4.44 per share, resulting in a market capitalization exceeding USD 11 billion [8].