First time achieving quarterly profit! NIO's Hong Kong stock price surges

NightAirdropper · 2026-03-11T15:54:07+00:00

NIO(09866.HK) surged over 14% on March 11th after releasing its Q4 2025 financial report, which showed revenue of 34.65 billion yuan, a year-over-year increase of 75.9%. The company achieved its first quarterly profit of 283 million yuan, with record-high gross margin. Delivery expectations for the first quarter of 2026 are between 80,000 and 83,000 units, with revenue expected to grow by over 100%. Analysts believe the company's performance shows a clear marginal improvement.

NightAirdropper

2026-03-11 15:54:07

Abstract generation in progress

On March 11, NIO (09866.HK) shares in Hong Kong experienced a significant surge. As of the latest report, the stock price increased by over 14%.

In terms of news, on March 10, NIO released its financial results for Q4 and the full year of 2025. In Q4 2025, the company achieved revenue of 34.65 billion yuan, a year-on-year increase of 75.9%, setting a new record. Net profit for the quarter was 283 million yuan, marking the company’s first single-quarter profit since its founding.

Regarding gross profit margin, the financial report shows that NIO’s Q4 comprehensive gross margin was 17.5%, up 5.8 percentage points year-on-year and up 3.6 percentage points quarter-on-quarter, reaching a new high since 2022. The vehicle gross margin for the quarter was 18.1%, up 5 percentage points year-on-year and up 3.4 percentage points quarter-on-quarter, also a three-year high.

NIO stated that its Q1 2026 delivery guidance is between 80,000 and 83,000 units, representing a year-on-year increase of 90.1% to 97.2%. Revenue guidance is between 24.48 billion and 25.18 billion yuan, a year-on-year increase of 103.4% to 109.2%.

Some analysts pointed out that overall, NIO delivered a notably improved performance in Q4 2025. Delivery volume, revenue, and gross profit all grew simultaneously, operating profit turned positive, and multi-brand strategies began to provide more direct support for sales and income.

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