NIO's Q4 Loss Widens; Shares Slide 4%

MT Newswires Live03-24

NIO's (HKG:9866, SGX:NIO) attributable profit widened to 7.13 billion yuan in the fourth quarter of 2024 from 5.59 billion yuan in the year-ago period, according to a Friday filing with the Hong Kong bourse.

Loss per share at the car manufacturer widened to 3.45 yuan from 3.18 yuan in the previous year.

Revenue grew 15% to 19.7 billion yuan from 17.1 billion yuan a year earlier.

Meanwhile, total revenue is seen to increase about 25% to 30% year over year to between 12.4 billion yuan and 12.9 billion yuan in the first quarter.

Vehicle deliveries are seen to jump 36% to 41% to between 41,000 and 43,000 units during the quarter.

Shares slipped 4% during Monday's afternoon trading.

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