中国基金报·2025-09-10 16:06Core Viewpoint - NIO Inc. announced a new stock issuance plan to raise funds for investment in core technologies for smart electric vehicles and to strengthen its balance sheet [2][7]. Group 1: Stock Issuance Details - NIO plans to issue up to 182 million Class A ordinary shares, including American Depositary Shares (ADS) [5]. - The company will allocate shares based on investor interest between ADS and ordinary shares, with an option for underwriters to purchase an additional 27.27 million ADS within 30 days [5][7]. - This is NIO's second public financing this year, following a successful fundraising of HKD 4.03 billion in March [8]. Group 2: Financial Performance - In Q2 2025, NIO reported revenue of CNY 19.009 billion, a year-on-year increase of 9% and a quarter-on-quarter increase of 57.9% [10][11]. - The net loss for the quarter was CNY 4.995 billion, a year-on-year decrease of 1% and a quarter-on-quarter decrease of 26% [10][11]. - Adjusted net loss (NON-GAAP) was CNY 4.127 billion, down 9% year-on-year and 34.3% quarter-on-quarter [10][11]. Group 3: Vehicle Deliveries and Future Outlook - NIO delivered 71,000 vehicles in Q2 2025, a year-on-year increase of 25.6% [11]. - The company achieved a gross margin of 10%, up 0.3 percentage points year-on-year and 2.4 percentage points quarter-on-quarter [11]. - For Q3 2025, NIO expects to deliver between 87,000 to 91,000 vehicles, a year-on-year growth of approximately 40.7% to 47.1% [11]. - NIO's CEO set a profitability target for Q4 2025, contingent on achieving sales of 150,000 vehicles [11].