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NIO Q1 2021 Revenues Report Wrap-up

Source: Forecasts based upon experts’ consensus from Visible Alpha

Secret Takeaways NIO provided a record 20,060 vehicles in the very first quarter, simply narrowly missing analyst price quotes.

Lorry deliveries provide a sign of need for NIO’s main source of income along with the business’s efficient capability.

The worldwide semiconductor scarcity presents considerable difficulties to NIO’s supply chain.

NIO Financial Outcomes: Analysis

NIO Inc. (NIO) reported mixed lead to its Q1 FY 2021 revenues report. The company published a loss per American depositary share (ADS) that was more than four times larger than analysts approximated. Income, nevertheless, increased 481.8% compared to the year-ago quarter, beating experts’ expectations. NIO’s car shipments, which were reported previously this month, came in at 20,060 for the quarter, narrowly missing what analysts had anticipated. The company’s shares were down nearly 0.5% in after-hours trading soon after NIO posted the profits release. Over the past year, NIO’s shares have supplied a total return of 980.1%, well above the S&P 500’s total return of 43.3%.

NIO Lorry Deliveries

Most of NIO’s income is produced through the sale of vehicles. The business presently delivers three types of models: the ES8, the company’s 6-seater and 7-seater flagship premium clever electric SUV; the ES6, the company’s 5-seater high-performance premium clever electric SUV; and the EC6, the business’s 5-seater premium electric coupe SUV. The number of automobile deliveries provides an indication of the demand for NIO’s lorries as well as the company’s ability to scale production.

NIO’s car deliveries increased 422.7% compared to the year-ago quarter, marking the fastest speed of development given that Q2 FY 2019. Automobile sales for the quarter were 7.4 billion yuan ($ 1.1 billion), up 489.8% from the same three-month duration a year ago. The company associated the greater vehicle sales to higher shipments and greater average selling prices. These elements, as well as lower material expenses, assisted push NIO’s lorry margin to 21.2% compared to -7.4% in the year-ago quarter.

NIO stated that demand for its items remains strong, however its supply chain deals with significant obstacles as a result of the global semiconductor scarcity. The company stopped production for 5 days at one of its plants in Hefei province beginning in late March due to the chip shortage. NIO also kept in mind that it started the preparation and structure of a new plant in Xinqiao Industrial Park in Hefei, which will help it to secure enough production capability.

NIO Outlook

NIO expects to deliver in between 21,000 and 22,000 lorries in Q2 FY 2021. It also expects overall profits for the second quarter to be between 8.1 billion yuan ($1.2 billion) and 8.5 billion yuan ($1.3 billion), representing a year-over-year (YOY) boost of between 119.0% and 128.7%.

Check back later for protection of the bottom lines of NIO’s earnings call.

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