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<Research>CICC Lowers NIO-SW's TP to HKD62; Results in Line
Recommend 2 Positive 2 Negative 6 |
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According to a report from CICC, NIO-SW (09866.HK)'s 3Q25 results indicate a revenue of RMB21.79 billion and a non-GAAP net loss of RMB2.7 billion, aligning the overall performance with the market's and the broker's expectations. As NIO-SW's strong product cycle continues, its monthly sales are likely to hit a new high in 4Q25. The carmaker has achieved positive cash flow, and ongoing financing is strengthening its financial buffer capacity. CICC kept an Outperform rating on NIO-SW and reduced its target price by 9% to HKD62. AAStocks Financial News |
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