NIO INC Reports Second Quarter Earnings Results for FY2023 Ending June 30 2023

September 6, 2023

🌥️Earnings Overview

NIO INC ($SGX:NIO) announced their financial results for the second quarter of the 2023 fiscal year ending June 30 2023 on August 29 2023. The total revenue was CNY 8771.7 million, a 14.8% decrease from the same quarter in the previous year. The reported net income was CNY -6121.9 million, compared to -2745.0 million the year before.

Market Price

The stock opened at SG$11.2 and closed at the same price, a slight increase of 0.4% from the prior closing price of SG$11.1. This was mainly due to strong sales of NIO’s electric vehicles, as well as cost optimization initiatives. Overall, the second quarter earnings results were encouraging and demonstrate the success of NIO INC‘s business model and its ability to deliver strong returns for investors. With continued improvement in operational efficiency and cost optimization initiatives, NIO INC looks set to continue to increase its profitability 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 recently conducted an analysis of NIO INC‘s wellbeing. Our Risk Rating revealed that NIO INC is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in the company’s balance sheet and financial journal. With this detailed information, potential investors can make an informed decision on whether or not to invest in NIO INC. Register with us today to check out our analysis and risk warnings. We are committed to providing our users with the tools and resources necessary to make their investment decisions confidently. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    NIO INC has released its earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue for this quarter was CNY 8771.7 million, a 14.8% decrease year-over-year. Net income was reported as CNY -6121.9 million, significantly higher than the year before’s figure of -2745.0 million. This concerning performance has caused investors to question the short and long-term prospects of the company.

    Analysts have suggested that the company should focus on cutting costs and increasing sales volumes in order to improve its financial situation and restore investor confidence. Going forward, investors should carefully monitor any changes to the company’s operations and financials, in order to make informed decisions about investing in NIO INC.

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