9.91B 42.1%
Total Revenue QoQ (CNY) - Q1 '24

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Income Statement (CNY)

Q1 '24 QoQ
Revenue 9.91B 42.1%
Gross Profit 488M 61.9%
Cost of Revenue 9.42B 40.5%
Operating expense 15.3B 35.5%
Net Income -5.26B 6%

Balance Sheet (CNY)

Q1 '24 QoQ
Total Assets 104B 11.2%
Total Liabilities 79.5B 13.3%
Total Equity 20.6B 19.4%
Shares Outstanding 2.09B 0.3%

Cash Flow (CNY)

Q1 '24 QoQ

Financial Highlights for Nio in Q1 '24

Nio reported a revenue of 9.91B, which is a -42.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. A decline in revenue can be concerning, as it might indicate reduced sales or challenges in the market. It's important to investigate further to understand the underlying causes.

Gross Profit stood at 488M, marking a -61.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 9.42B, a -40.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 15.3B, showing a -35.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was -5.26B, showing a 6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

Nio faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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