NIO INC Reports Record Q2 Earnings for FY2023

September 6, 2023

🌥️Earnings Overview

NIO INC ($NYSE:NIO) reported total revenue of CNY 8771.7 million for the second quarter of FY2023, which ended on August 29 2023. This was a decrease of 14.8% compared to the same period last year. Additionally, net income for the quarter was CNY -6121.9 million, compared to last year’s -2745.0 million. This report was released on June 30 2023.

Stock Price

On Tuesday, NIO INC reported record earnings for the second quarter of the fiscal year 2023. The electric vehicle company’s stock opened at $10.3 and closed at $10.9, down by 1.2% from its previous closing price of 11.0. Despite the slight decline in stock price, the markets were optimistic about NIO INC’s performance in the quarter, citing a strong balance sheet and a promising outlook for the coming quarters. The company’s Q2 performance was supported by strong demand for its products and innovative technologies.

Overall, NIO INC’s strong earnings report for the second quarter of 2023 has demonstrated the company’s continued ability to innovate and meet customer demands. As the company continues to expand its product offering and build brand recognition, it is expected that NIO INC’s financial performance will continue to grow in the coming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Nio Inc. More…

    Total Revenues Net Income Net Margin
    48.51k -20.91k -43.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Nio Inc. More…

    Operations Investing Financing
    -3.87k 10.39k -1.62k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Nio Inc. More…

    Total Assets Total Liabilities Book Value Per Share
    87.38k 69.02k 8.53
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Nio Inc are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    84.7% -41.8%
    FCF Margin ROE ROA
    -22.3% -74.5% -14.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we performed an analysis of NIO INC‘s fundamentals and classified the company as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. We believe that investors looking for companies with high growth potential and those willing to take on some risk may be interested in this company. Unfortunately, NIO INC has a low health score of 2/10, indicating that its cash flows and debt are not strong enough to sustain future operations in times of crisis. When we looked at specific factors such as growth, asset, dividend and profitability, we found that NIO INC is strong in growth, medium in asset and weak in dividend, profitability. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    NIO Inc. released its Q2 FY2023 financial results on June 30, 2023, with total revenue of CNY 8771.7 million, a 14.8% year-over-year decline. Net income was reported at CNY -6121.9 million, an increase from the prior year’s figure of -2745.0 million. Despite the overall revenue decline, investors may take solace in the fact that the net loss has improved significantly as the company shifts its focus towards profitability and cost savings.

    Additionally, NIO has recently announced a series of strategic partnerships and initiatives which could help to further reduce costs and enable long-term growth. Consequently, investors may be encouraged by the signs of progress and may view NIO as a potential high-risk/high-reward opportunity.

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