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<Research>CICC Raises NIO-SW (09866.HK) TP to $68 as 2Q Results in Line
Recommend 2 Positive 4 Negative 1 |
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NIO-SW (09866.HK)'s 2Q25 revenue was RMB19 billion, while non-GAAP net loss amounted to RMB4.13 billion, CICC released a research report saying. The Company's gross profit margin was solid, and expenses were effectively controlled, with results being in line with the expectations of the market/ broker. Considering the Company's strong product cycle, CICC predicted 2026 non-GAAP net profit to reach RMB5.43 billion, compared to a previous forecast of a loss of RMB1.43 billion, with rating kept at Outperform. The broker also raised its target prices for NIO-SW's H-shares/ US stock by 51%/ 52% to $68/ US$8.8. AASTOCKS Financial News Website: www.aastocks.com |
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