Citi Anticipates NIO-SW (09866.HK) 1Q Non-GAAP Net Loss to Remain Under RMB900M, Maintains Buy Rating
Citi Research Forecast: Citi Research anticipates NIO-SW will achieve a gross profit margin of 17.3% in Q1 2026, driven by a shift towards higher-end models and effective cost control measures.
Non-GAAP Net Loss Projection: The broker estimates that NIO-SW's non-GAAP net loss for Q1 2025 will be contained within RMB900 million, despite it being a traditionally low sales season.
Stock Rating and Target Prices: Citi maintains a "Buy" rating on NIO-SW, setting target prices at $47.3 for H-shares and $6.2 for ADR.
Market Activity: As of March 10, 2026, NIO-SW experienced significant short selling activity amounting to $88.82 million, with a short selling ratio of 42.943%.
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NIO-SW Shares Surge 15% Following Announcement of Adjusted Profit for Previous Quarter
Stock Performance: NIO-SW (09866.HK) opened 15% higher at HKD43.86, with a trading volume of 214,000 shares and short selling amounting to $88.82 million, reflecting a short ratio of 42.943%.
Financial Results: The company reported a net profit of RMB122 million for 4Q25, a significant turnaround from a loss of RMB7.132 billion in the same quarter the previous year, with earnings per share (EPS) at RMB5 cents.
Revenue Growth: Total revenue for the quarter increased by 75.9% year-over-year (YoY) and 59% quarter-over-quarter (QoQ) to RMB34.65 billion.
Gross Profit Surge: Gross profit rose dramatically by 163.1% YoY and 100.8% QoQ, reaching RMB6.074 billion.
NIO-SW Will Not Adjust Prices Despite Approximately RMB10K Rise in Premium Model Costs, According to William Li
Cost Increase for NIO Vehicles: William Li, founder of NIO, announced that rising prices of storage memory and raw materials have increased the cost of premium new energy vehicles by RMB3,000-5,000 each, totaling nearly RMB10,000.
Current Pricing Strategy: Despite the increased costs, Li stated that NIO's current system can absorb this pressure, and the company has no plans to adjust vehicle prices at this time.
BofAS Raises NIO-SW (09866.HK) Price Target to HKD52, Keeps Neutral Rating
NIO's 4Q25 Performance: NIO-SW reported total revenue of RMB34.7 billion for 4Q25, aligning with expectations, and achieved its first single-quarter profit of RMB728 million, a significant turnaround from a net loss of RMB6.5 billion in 4Q24.
Sales Forecast Adjustments: BofA Securities raised its sales forecasts for NIO for 2026 and 2027, anticipating a non-GAAP net profit of RMB381 million for 2026, a notable improvement from a previous forecast of a net loss.
Stock Price Target Updates: BofA Securities increased NIO's target price from HKD49 to HKD52, while also raising the US stock target from USD6.3 to USD6.7, maintaining a Neutral rating due to strong model reserves and controlled operating expenses.
Market Sentiment: Citi expects NIO's 1Q non-GAAP net loss to be limited to RMB900 million and continues to hold a Buy rating, indicating positive sentiment towards the company's future performance.
JPM: NIO's Q4 2025 Results Align with Expectations; Surprising Guidance for This Year
4Q25 Results: NIO-SW's fourth quarter results were in line with expectations, with preliminary operating profit exceeding forecasts, according to JPMorgan's report.
2026 Sales Guidance: Despite challenges like weak demand and rising costs, NIO's management projects a 40-50% increase in sales for 2026, surpassing JPMorgan's estimate of 30%.
Analyst Ratings: Nomura upgraded NIO to a Buy rating with a target price of USD 6.6, while JPMorgan maintained an Overweight rating with a target price of USD 7.
Short Selling Data: As of March 10, 2026, NIO-SW experienced significant short selling, amounting to $88.82 million, with a ratio of 42.943%.
Nomura Raises NIO (NIO.US) Rating to Buy with Target Price of USD 6.6, Anticipates Breakeven by 2026
Nomura's Positive Outlook: Nomura has upgraded NIO-SW (09866.HK) to a Buy rating, citing improvements in the company's business and financial performance, indicating it has entered a healthy business cycle.
Target Price Adjustment: The target price for NIO (NIO.US) has been adjusted from US$8.4 to US$6.6 following the positive assessment.
Margin Forecasts Increased: Nomura has raised its gross and operating margin forecasts for NIO-SW for 2026 and 2027, anticipating a non-GAAP operating profit break-even by 2026.
Citi's Expectations: Citi expects NIO-SW's 1Q non-GAAP net loss to be controlled within RMB900M and maintains a Buy rating on the stock.
Citi Assigns Buy Rating to NIO (NIO.US); 1Q Revenue Forecast Considered Ambitious
NIO's Revenue Guidance: NIO has projected a strong revenue growth of 103-109% for Q1 2026, anticipating car sales of 35,000 units in March, according to a Citi research report.
Market Performance: NIO's stock has seen a significant increase of 15.994%, with short selling amounting to $88.82 million and a ratio of 42.943%.
Analyst Upgrades: Nomura has upgraded NIO to a Buy rating with a target price of USD 6.6, while Citi has set a target price of USD 6.2, also rating it as a Buy.
Sales and Pricing Insights: Even with a potential 33% decline in car sales quarter-over-quarter, NIO's average price is expected to rise by 5.7%, assuming other revenue remains at RMB 2.95 billion for Q1 2026.
NIO-SW Shares Surge 15% Following Announcement of Adjusted Profit for Previous Quarter
Stock Performance: NIO-SW (09866.HK) opened 15% higher at HKD43.86, with a trading volume of 214,000 shares and short selling amounting to $88.82 million, reflecting a short ratio of 42.943%.
Financial Results: The company reported a net profit of RMB122 million for 4Q25, a significant turnaround from a loss of RMB7.132 billion in the same quarter the previous year, with earnings per share (EPS) at RMB5 cents.
Revenue Growth: Total revenue for the quarter increased by 75.9% year-over-year (YoY) and 59% quarter-over-quarter (QoQ) to RMB34.65 billion.
Gross Profit Surge: Gross profit rose dramatically by 163.1% YoY and 100.8% QoQ, reaching RMB6.074 billion.
NIO-SW Will Not Adjust Prices Despite Approximately RMB10K Rise in Premium Model Costs, According to William Li
Cost Increase for NIO Vehicles: William Li, founder of NIO, announced that rising prices of storage memory and raw materials have increased the cost of premium new energy vehicles by RMB3,000-5,000 each, totaling nearly RMB10,000.
Current Pricing Strategy: Despite the increased costs, Li stated that NIO's current system can absorb this pressure, and the company has no plans to adjust vehicle prices at this time.
BofAS Raises NIO-SW (09866.HK) Price Target to HKD52, Keeps Neutral Rating
NIO's 4Q25 Performance: NIO-SW reported total revenue of RMB34.7 billion for 4Q25, aligning with expectations, and achieved its first single-quarter profit of RMB728 million, a significant turnaround from a net loss of RMB6.5 billion in 4Q24.
Sales Forecast Adjustments: BofA Securities raised its sales forecasts for NIO for 2026 and 2027, anticipating a non-GAAP net profit of RMB381 million for 2026, a notable improvement from a previous forecast of a net loss.
Stock Price Target Updates: BofA Securities increased NIO's target price from HKD49 to HKD52, while also raising the US stock target from USD6.3 to USD6.7, maintaining a Neutral rating due to strong model reserves and controlled operating expenses.
Market Sentiment: Citi expects NIO's 1Q non-GAAP net loss to be limited to RMB900 million and continues to hold a Buy rating, indicating positive sentiment towards the company's future performance.
JPM: NIO's Q4 2025 Results Align with Expectations; Surprising Guidance for This Year
4Q25 Results: NIO-SW's fourth quarter results were in line with expectations, with preliminary operating profit exceeding forecasts, according to JPMorgan's report.
2026 Sales Guidance: Despite challenges like weak demand and rising costs, NIO's management projects a 40-50% increase in sales for 2026, surpassing JPMorgan's estimate of 30%.
Analyst Ratings: Nomura upgraded NIO to a Buy rating with a target price of USD 6.6, while JPMorgan maintained an Overweight rating with a target price of USD 7.
Short Selling Data: As of March 10, 2026, NIO-SW experienced significant short selling, amounting to $88.82 million, with a ratio of 42.943%.
Nomura Raises NIO (NIO.US) Rating to Buy with Target Price of USD 6.6, Anticipates Breakeven by 2026
Nomura's Positive Outlook: Nomura has upgraded NIO-SW (09866.HK) to a Buy rating, citing improvements in the company's business and financial performance, indicating it has entered a healthy business cycle.
Target Price Adjustment: The target price for NIO (NIO.US) has been adjusted from US$8.4 to US$6.6 following the positive assessment.
Margin Forecasts Increased: Nomura has raised its gross and operating margin forecasts for NIO-SW for 2026 and 2027, anticipating a non-GAAP operating profit break-even by 2026.
Citi's Expectations: Citi expects NIO-SW's 1Q non-GAAP net loss to be controlled within RMB900M and maintains a Buy rating on the stock.
Citi Assigns Buy Rating to NIO (NIO.US); 1Q Revenue Forecast Considered Ambitious
NIO's Revenue Guidance: NIO has projected a strong revenue growth of 103-109% for Q1 2026, anticipating car sales of 35,000 units in March, according to a Citi research report.
Market Performance: NIO's stock has seen a significant increase of 15.994%, with short selling amounting to $88.82 million and a ratio of 42.943%.
Analyst Upgrades: Nomura has upgraded NIO to a Buy rating with a target price of USD 6.6, while Citi has set a target price of USD 6.2, also rating it as a Buy.
Sales and Pricing Insights: Even with a potential 33% decline in car sales quarter-over-quarter, NIO's average price is expected to rise by 5.7%, assuming other revenue remains at RMB 2.95 billion for Q1 2026.
