According to Futu News on the 11th, NIO Inc. Automobile announced its financial results before the US stock market today:

• Revenue in the second quarter was 3.72 billion yuan, an increase of 146.5% over the same period last year and 171.1% month-on-month.

• The gross profit margin in the second quarter was 8.4%, compared with-33.4% in the same period last year and-12.2% in the first quarter of this year. This is NIO Inc. 's first quarterly gross profit margin in six years.

• Car deliveries were 10331 in the second quarter, compared with 3553 in the same period last year.
  

• Car sales in the second quarter were 3.486 billion yuan, compared with 1.415 billion yuan in the same period last year.

• NIO Inc. expects delivery of 11000 to 11500 vehicles in the third quarter, and revenue of 4.048 billion yuan to 4.212 billion yuan in the third quarter, an increase of about 120.4% to 129.3% over the same period in 2019.

Wei Feng, chief financial officer of NIO Inc., said, "due to the strong delivery in the second quarter of 2020, the company's gross profit margin greatly exceeded the target of 5 per cent, thanks to the expansion of scale and the increase in average revenue per car." reduced material costs and improved manufacturing efficiency. In addition, we have demonstrated our ability to achieve positive cash flow by continuously improving operational efficiency and optimizing cash flow management. We will continue to improve the efficiency of the whole company for the rest of 2020 and beyond. "

After the announcement of the results, the company's pre-market share price rose more than 7%.

NIO Inc. recently announced that in July 2020, the company delivered a total of 3533 vehicles, an increase of 322.1 percent over the same period last year, the second highest monthly delivery in history after June this year. Among them, ES8 delivered 923 units, up 463% from the same period last year. 2610 units were delivered by BE6, an increase of 288% over the same period last year. As of July 31, 2020, the cumulative delivery volume of ES8 and ES6 reached 49615 vehicles, of which 17702 vehicles were delivered in 2020.

According to data previously released by NIO Inc., NIO Inc. has opened 136 stores across the country, including 22 NIO Inc. Center (NIO House) and 114 NIO Inc. Space (NIO Space), with a sales network covering 87 cities across the country. Since the beginning of this year, the company has rapidly promoted channel expansion by means of low cost and cooperation with third parties.

Attached:NIO Inc. Q2 Financial report