Fu Tu News on April 30, NIO Inc. released its first-quarter 2021 results after US stocks opened on Thursday. Data show that NIO Inc. in the first quarter:

• 20060 vehicles were delivered in a single quarter, up 422.7% from the same period last year and 15.6% from the previous quarter.
  

• Total revenue reached 7.98 billion yuan (RMB, the same below), up 481.8% year-on-year and 20.2% month-on-month.

• The gross profit margin of the whole vehicle is 21.2% and the comprehensive gross profit margin is 19.5%.

• Gross profit was 1.555 billion yuan, an increase of 36.2% over the previous month.
  

• The net loss attributable to shareholders was 4.875 billion yuan (US $744 million), an increase of 226.7% from the previous quarter, mainly because NIO Inc. bought back shares in the first quarter, with a net loss of 3.14 yuan per share.

• The adjusted net loss (non-GAAP) was 354 million yuan ($54.1 million), down 78.6% from the same period last year and 73.3% from the previous month.
  

• By the end of the first quarter, the cash reserve had reached 47.5 billion yuan.

Li Bin, founder and CEO of NIO Inc., said that NIO Inc. 's product demand is still very strong, but in the context of the current lack of core, the main problems and challenges are still in the supply chain. NIO Inc. is expected to deliver 21000 to 22000 vehicles in the second quarter.

According to Bloomberg's consensus forecast, 2021Q1 NIO Inc. 's revenue is about 7.163 billion yuan, + 422% year-on-year, which is lower than the 7.3823 billion-7.5572 billion yuan that management Q4 showed at the earnings meeting. 2021Q1 GAAP posted a net loss of 1.225 billion yuan, a year-on-year decrease of 28.9%.

At present, 18 analysts have a "buy" rating on NIO Inc., and 7 analysts suggest holding it, with a consistent target price of $58.80.

After the announcement of the results, the company's share price was repeated, falling more than 2% after trading and now rising.