Sou Hu Cai Jing·2026-02-07 18:46Core Viewpoint - NIO is expected to achieve its first quarterly adjusted operating profit in Q4 2025, with a profit range of RMB 700 million to RMB 1.2 billion, marking a significant turnaround from losses in the previous year [1][3] Group 1: Financial Performance - NIO anticipates a GAAP operating profit of RMB 200 million to RMB 700 million (approximately USD 29 million to USD 100 million) for Q4 2025, also indicating profitability [1] - The company reported cumulative deliveries of 124,807 vehicles in Q4 2025, meeting its delivery guidance of 120,000 to 125,000 vehicles [4] Group 2: Factors Influencing Profitability - Continuous sales growth in Q4 2025 is a key driver for NIO's profitability, supported by an advantageous product mix that enhances automotive gross margins [3] - The successful launch of the new ES8 model has significantly contributed to sales, with over 50,000 units delivered within 120 days of its launch [4] Group 3: Future Outlook - NIO's chairman, Li Bin, stated that the goal for 2026 is to achieve profitability for the entire year, with expectations for a comprehensive gross margin of 20% driven by ongoing cost reductions in the supply chain and optimized control of sales, R&D, and management expenses [4]