NIO Releases 2022 Q3 Financial Report
I. 2022 Q3 Financial Data
- Total revenue was ¥13.002 billion, an increase of 33% YoY and 26% QoQ;
- Automotive business revenue was ¥11.933 billion, an increase of 38% YoY and 25% QoQ;
- Total gross profit was ¥1.735 billion, a decrease of 13% YoY and an increase of 29% QoQ;
- Overall gross profit margin was 13%, compared to 20% for the same period last year and 13% for the previous quarter;
- Single-car gross profit margin was 16%, a decrease from the previous quarter’s 17%;
- Sales cost was ¥11.267 billion, an increase of 44% YoY and 26% QoQ;
- Net loss was ¥4.111 billion, compared to ¥2.758 billion in the previous quarter;
- The company’s cash reserves (cash and cash equivalents, restricted cash, balance of time deposits and short-term investments) were ¥51.4 billion, compared to ¥54.4 billion in the previous quarter;
- NIO’s R&D expenses in Q3 were ¥2.945 billion, an increase of 37% QoQ, accounting for 23% of the quarterly total revenue;
- Sales and management expenses were ¥2.713 billion, up 49% YoY and 19% QoQ.
II. 2022 Q4 Business Expectations
- It is expected that 43,000 to 48,000 vehicles will be delivered, an increase of about 72% to 92% compared to Q4 2021;
- The expected total revenue is between ¥17.368 billion and ¥19.225 billion, an increase of about 75% to 94% compared to Q4 2021.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.