[Today's focus]
NIO - SW (09866.HK) third quarter revenue of 19.07 billion yuan increased 46.6% year on year
NIO SW (09866.HK) disclosed unaudited financial results for the third quarter of 2023. In the third quarter of 2023, automobile sales were RMB 17,4089 billion, up 45.9% year on year and 142.3% month on month; total revenue was RMB 19.066 billion, up 46.6% year on year and 117.4% month on month; gross profit was RMB 1,5233 million, down 12.2% year on year and up 1,650.9% month on month. The net loss was RMB 4,556.7 billion, down 24.8% from your ratio. As of September 30, 2023, cash and cash equivalents, restricted cash, short-term investments and long-term time deposits amounted to RMB 45.2 billion.
The number of vehicles delivered in the third quarter of 2023 reached 55,432, including 37,585 high-end smart electric SUVs and 17,847 high-end smart electric sedans, an increase of 75.4% over the third quarter of 2022 and 135.7% over the second quarter of 2023.
“NIO delivered 55,432 vehicles in the third quarter of 2023, a steady increase of 75.4% year-on-year, setting a record high for quarterly deliveries. According to retail data from the China Automobile Center, in the third quarter of 2023, it ranked first in China's pure electric vehicle market of over 300,000, with a market share of 45%,” said Li Bin, founder, chairman and CEO of NIO.
“We recently completed a comprehensive plan for the company's two-year operating plan to determine key goals, priorities, and action plans. At the same time, we identified opportunities for organizational optimization, cost reduction, and efficiency. We will continue to focus on advancing core technology, developing key products, and enhancing sales and service capabilities. We are confident of NIO's long-term competitiveness in the smart electric vehicle market”, added Mr. Li.
“Thanks to the increase in average sales prices, the continued reduction in vehicle costs and scale effects, vehicle gross margin increased to 11% in the third quarter of 2023,” added Feng Wei, chief financial officer of NIO. In September and October 2023, NIO completed the issuance of convertible senior bonds with a total principal amount of US$1.15 billion, further strengthening our balance sheet and providing impetus in our intense competition.”
For the fourth quarter of 2023, the company expects vehicle deliveries to be between 47,000 and 49,000 vehicles, an increase of about 17.3% to 22.3% over the same quarter of 2022. Total revenue ranged from RMB16.079 billion to RMB16.701 billion, an increase of about 0.1% to 4.0% over the same quarter of 2022.
[Important matters]
China Evergrande (03333.HK) received a notice from the court about the recovery of Jinbi Property
Mingchuang Premium (09896.HK): Not aware of any reason for recent fluctuations in stock prices or trading volume, management plans to buy a number of shares on the open market within the next month
Ming Yuanyun (00909.HK) is unaware of any reason for stock price fluctuations, and the order contract amount and repayment situation remain stable
Jiayao Holdings (01626.HK) officially launched a new tobacco sector research project
Shangtang-W (00020.HK) further responds to the short selling report
Fuzhikang Group (02038.HK): Capital injection into an indirect wholly-owned subsidiary
[Financial results]
RIMBACO (01953.HK) Profitability: Expected annual net profit of not less than RM20 million
[Operational data]
Guangzhou Automobile Group (02238.HK): November car sales were 227,700 units, up 19.35% year on year
Great Wall Motor (02333.HK): November sales volume totaled 122,849 units, up 40.3% year on year
Greentown China (03900.HK)'s total contract sales amount for the first 11 months was about 256.4 billion yuan
Xinli International (00732.HK): The cumulative net consolidated turnover for the first 11 months was HK$14.014 billion
Minmetals Resources (01208.HK) Ore reserves (metal content) as of June 30: Cobalt increased 7%
Rongxin China (03301.HK) had total contract sales of about 15.3 billion yuan in the first 11 months
Concord New Energy (00182.HK)'s total equity power generation volume in November reached 716.14 GWh, up 23.34% year on year
[Pharmaceutical Innovation]
Shengnuo Pharmaceutical-B (02257.HK) announced the successful completion of the first phase I clinical trial of STP122g for anticoagulant treatment based on galnacrNAI therapy
China Biopharmaceuticals (01177.HK): TQA3038 “siRNA” phase I clinical trials completed administration of the first batch of subjects
Biosetu-B (02315.HK) whole-human antibody mouse RenMaB? Key technology has been granted a US patent
Goley Pharmaceuticals-B (01672.HK): Initiating Phase III Clinical Trial of ASC40 (denifastat) for acne
[Acquisition and sale]
Lianyang Intelligent Holdings (01561.HK) plans to acquire 40% of Changzhou Wanhui's shares for 10.5 million yuan
Asahi Enterprise (00393.HK) purchased 37 million shares of China Construction Bank on December 5
Xinfeng Group (01223.HK) plans to acquire 25% interest in Shin-Ito for $1 million
Mindong Technology (02203.HK) purchased a total of 10,700 shares of Coinbase
[Equity Incentives]
Edwin Group (09919.HK) granted a total of 137.227 million reward shares
[Repurchase Cancellation]
Taikoo Holdings Limited (00019.HK and 00087.HK): The Board of Directors has approved a share repurchase plan with a maximum amount of HK$6 billion
Tencent Holdings (00700.HK) spent HK$401 million to repurchase 1.29 million shares on December 5
HSBC Holdings (00005.HK) spent HK$180 million to repurchase 3 million shares on December 4
AIA (01299.HK) spent HK$135 million to repurchase 2,0182,000 shares on December 5
Xiaomi Group-W (01810.HK) spent HK$47.07 million to repurchase 3.2 million shares on December 5
China Petroleum & Chemical Co., Ltd. (00386.HK) spent HK$404.78 million to repurchase 10.31 million shares on December 5
ESR (01821.HK) spent HK$38.2 million to repurchase 4 million shares on December 5
Kuaishou-W (01024.HK) spent HK$37.51 million to repurchase 700,000 shares on December 5
Conch Cement (00914.HK) spent 2,025,000 yuan to repurchase 891,000 A-shares on December 5
China Wangwang (00151.HK) spent HK$18.3474 million to repurchase 4 million shares on December 5
COSCO Marine Control (01919.HK) spent HK$16.7.03 million to repurchase 2,343 million shares on December 5
Chow Tai ?$#@$ (01929.HK) spent HK$15.41 million to repurchase 1.4 million shares on December 5
Jinshan Software (03888.HK) spent HK$14.989 million to repurchase 615,000 shares on December 5
Shell-W (02423.HK) spent 2 million US dollars to repurchase 386,600 shares on December 4
Yum China (09987.HK) spent 2 million US dollars to repurchase 47,600 shares on December 4
Skyworth Group (00751.HK) spent HK$11.7844 million to repurchase 4 million shares on December 5
Haier Smart Home (06690.HK) spent 9.49 million yuan to repurchase 450,000 A-shares on December 5
Bubble Mart (09992.HK) spent HK$8.3796 million to repurchase 400,000 shares on December 5
Hong Kong Science and Technology Exploration (01137.HK) spent HK$760.1 million to repurchase 3,084 million shares on December 5
Concord New Energy (00182.HK) spent HK$6.42 million to repurchase 9.7 million shares on December 5
Fosun International (00656.HK) spent HK$4.356,800 to repurchase 1,0305,000 shares on December 5
Shanghai Petrochemical Co., Ltd. (00338.HK) spent HK$4.312,900 to repurchase 3.902 million shares on December 5
Shoucheng Holdings (00697.HK) spent HK$4.242,300 to repurchase 3.2 million shares on December 5
Fufeng Group (00546.HK) spent HK$3.658 million to repurchase 878,000 shares on December 5
Haohai Biotechnology (06826.HK) spent HK$2,723,300 to repurchase 65,700 shares on December 5
Bank of East Asia (00023.HK) spent HK$2,716,600 to repurchase 292,600 shares on December 5
Zhongyu Energy (03633.HK) spent HK$2,6462 million to repurchase 500,000 shares on December 5
Minhua Holdings (01999.HK) bought back 2 million shares on December 5
Livzon Pharmaceutical (01513.HK) cancelled 11.614,500 shares and has repurchased A shares
Andrey Juice (02218.HK): Cancellation of 8.7 million H-shares that have been repurchased