21st Century Business Herald reporter Zuo Maoxuan reports
On December 5th, NIO. NYSE/9866. HK disclosed its financial report for the third quarter of 2023.
In the third quarter, stimulated by price reductions and promotions, NIO delivered a total of 55432 new cars, reaching a historic high.
Thanks to sales growth, NIO achieved a revenue of 19.067 billion yuan in Q3, a year-on-year increase of 46.6%.
NIO's Q3 net loss was 4.557 billion yuan, slightly expanding compared to the same period last year, but significantly narrowing compared to the loss of 6.056 billion yuan in the second quarter of this year.
Meanwhile, NIO's gross profit margin for the third quarter of the year returned to double digits, reaching 11.0%. The company's gross profit margin was 8.0%, a significant increase from the 1.5% in Q1 and 1% in Q2 of this year.
NIO remains one of the domestic car companies with the highest R&D investment, with a Q3 R&D investment of 3.04 billion yuan, exceeding 3 billion yuan for four consecutive quarters.
As of September 30th, NIO's cash reserves amounted to 45.2 billion yuan, an increase of 13.7 billion yuan from the previous quarter, indicating an improvement in its financial reserves.