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<Results>NIO-SW Narrows 3Q Non-GAAP Loss to RMB2.76B; Pre-market ADR Soars 4%+
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NIO-SW (09866.HK) announced its third-quarter results ending September, with total revenue of RMB21.794 billion, up 16.7% YoY and 14.7% QoQ. Gross profit was RMB3.025 billion, up 50.7% YoY. The gross profit margin was 13.9%, expanding by 3.2 ppts YoY. Loss narrowed to RMB3.661 billion compared to a loss of RMB5.142 billion in the same period of the previous fiscal year. Loss per ADR was RMB1.51. On a non-GAAP basis, adjusted loss for the last quarter narrowed to RMB2.76 billion, compared to an adjusted loss of RMB4.403 billion in the same period of the previous fiscal year. Adjusted loss per ADR was RMB1.14. NIO (NIO.US) ADR last jumped up 4.2% pre-market, at US$5.99. AASTOCKS Financial News Website: www.aastocks.com |
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