Have you ever heard of NIO (ticker symbol: NIO), a U.S. stock?
It is a Chinese electric car manufacturer.
In this article, I will introduce the company’s financial results for the period from April to June 2021, which were announced on August 11, 2021.
Financial Results for April to June 2021
EPS was negative RMB0.21, compared to the forecast of negative RMB0.74.
Net sales were RMB7.91 billion, compared to the forecast of RMB8.38 billion.
Sales growth rate was +127.0% YoY.
The number of vehicles delivered was 21,896 units, up 111.9% from the same period last year.
Net income was -512 million RMB. Net income was -512 million RMB compared to -1.115 billion RMB in the same period last year.