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<Research>Daiwa: NIO (NIO.US) Rated at Buy on Strong 4Q25 Results, Expected Robust Model Cycle
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NIO-SW (09866.HK) posted strong 4Q25 results, with revenue amounting to RMB35 billion, up 76% YoY and 59% QoQ, according to Daiwa's research report. Non-GAAP net profit was RMB728 million, compared to a loss of RMB2.8 billion in 3Q25. For the whole 2025, revenue grew by 33% YoY to RMB87 billion, while non-GAAP net loss narrowed by 39% YoY to RMB12 billion. Based on the strong model cycle and ongoing cost-saving measures, the broker rated NIO-SW's US stock at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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