蔚来汽车第四季度及全年业绩报告

03/21/2025 Quarterly Total Revenues reached RMB19,703.4 million (US$2,699.4 million)iQuarterly Vehicle Deliveries were 72,689 unitsFull Year Total Revenues reached RMB65,731.6 million (US$9,005.2 million)Full YearVehicle Deliveries were 221,970 units SHANGHAI, March 21, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), apioneer and a leading company in the global smart electric vehicle market, today announced its unaudited financial results for thefourth quarter and full year ended December 31, 2024. Operating Highlights for the Fourth Quarter and Full Year of 2024 Vehicle deliverieswere 72,689 in the fourth quarter of 2024, consisting of 52,760 vehicles from the Company’s premiumsmart electric vehicle brand NIO and 19,929 vehicles from the Company’s family-oriented smart electric vehicle brandONVO, representing an increase of 45.2% from the fourth quarter of 2023, and an increase of 17.5% from the third quarterof 2024. Vehicle deliverieswere 221,970 in 2024, representing an increase of 38.7% from 2023. Key Operating Results Financial Highlights for the Fourth Quarter of 2024 Vehicle saleswere RMB17,475.6 million (US$2,394.1 million) in the fourth quarter of 2024, representing an increase of13.2% from the fourth quarter of 2023 and an increase of 4.7% from the third quarter of 2024. Vehicle marginiiwas 13.1% in the fourth quarter of 2024, compared with 11.9% in fourth quarter of 2023 and 13.1% in thethird quarter of 2024. Total revenueswere RMB19,703.4 million (US$2,699.4 million) in the fourth quarter of 2024, representing an increase of15.2% from the fourth quarter of 2023 and an increase of 5.5% from the third quarter of 2024. Gross profitwas RMB2,308.9 million (US$316.3 million) in the fourth quarter of 2024, representing an increase of 80.5%from the fourth quarter of 2023 and an increase of 15.0% from the third quarter of 2024. Gross marginwas 11.7% in the fourth quarter of 2024, compared with 7.5% in the fourth quarter of 2023 and 10.7% inthe third quarter of 2024. Loss from operationswas RMB6,032.9 million (US$826.5 million) in the fourth quarter of 2024, representing a decreaseof 8.9% from the fourth quarter of 2023 and an increase of 15.2% from the third quarter of 2024. Excluding share-basedcompensation expenses, adjusted loss from operations (non-GAAP) was RMB5,543.6 million (US$759.5 million) in thefourth quarter of 2024, representing a decrease of 8.5% from the fourth quarter of 2023 and an increase of 20.8% from thethird quarter of 2024. Net losswas RMB7,111.5 million (US$974.3 million) in the fourth quarter of 2024, representing an increase of 32.5% fromthe fourth quarter of 2023 and an increase of 40.6% from the third quarter of 2024. Excluding share-based compensationexpenses,adjusted net loss(non-GAAP)was RMB6,622.2 million(US$907.2 million)in the fourth quarter of 2024,representing an increase of 37.9% from the fourth quarter of 2023 and an increase of 50.1% from the third quarter of 2024. Financial Highlights for the Full Year of 2024 Vehicle saleswere RMB58,234.1 million (US$7,978.0 million) for the full year of 2024, representing an increase of 18.2%from the previous year.Vehicle marginwas 12.3% for the full year of 2024, compared with 9.5% for the previous year.Total revenueswere RMB65,731.6 million (US$9,005.2 million) for the full year of 2024, representing an increase of18.2% from the previous year.Gross profitwas RMB6,492.8 million (US$889.5 million) for the full year of 2024, representing an increase of 112.8% fromthe previous year.Gross marginwas 9.9% for the full year of 2024, compared with 5.5% for the previous year.Loss from operationswas RMB21,874.1 million (US$2,996.7 million) for the full year of 2024, representing a decrease of3.4% from the previous year. Excluding share-based compensation expenses, adjusted loss from operations (non-GAAP)was RMB19,945.6 million (US$2,732.5 million) in 2024, representing a decrease of 1.7% from the previous year.Net losswas RMB22,401.7 million (US$3,069.0 million) for the full year of 2024, representing an increase of 8.1% fromthe previous year. Excluding share-based compensation expenses, adjusted net loss (non-GAAP) was RMB20,473.2million (US$2,804.8 million) for the full year of 2024, representing an increase of 11.6% from the previous year. Key Financial Results for Full Year 2024 (in RMB million, except for percentage) Total RevenuesGross ProfitGross Margin Loss from OperationsAdjusted Loss from Operations (non-GAAP) Net LossAdjusted Net Loss (non-GAAP) Recent Developments The Company delivered 13,863 vehicles in January 2025 and 13,192 vehicles in February 2025. As of February 28, 2025,the Company had delivered 27,055 vehicles in 2025, with cumulative deliveries reaching 698,619. NIO China Strategic Investment As an update to the previously announced NIO China strategic investment on September 29, 2024, as of the date hereof,the strategic investors have injected an