112.2% YoY increase! First Quarter Total Revenue 25.53 Billion Yuan NiO First Quarter 2026 Earnings Report

On May 21, NiO released its first quarterly earnings report for 2026. Operating profit was RMB66.8 million in the first quarter, and it was profitable for two consecutive quarters. Total revenue in the first quarter was 25.53 billion yuan, an increase of 112.2% year-on-year. Key data such as gross profit margin, cash flow, and cash reserves have all achieved the best performance in recent years, and the overall quality of operations has continued to improve. Gross profit totaled 4.86 billion yuan, an increase of 428.4% year-on-year. In the first quarter, the company's comprehensive gross profit margin was 19.0%, and the vehicle gross profit margin was 18.8%, which increased quarter-on-quarter for four consecutive quarters. The other sales gross profit margin was 20.6%, which was a record high for four years. Details are as follows: Cash reserves increased to RMB48.2 billion in the first quarter, achieving positive operating cash flow for three consecutive quarters. Q1 deliveries were 83,465 units, up 98.3% year-on-year, and Q2 2026 delivery guidance was 110,000 to 115,000 units, up 52.7% to 59.6% year-on-year. Revenue guidance was 32.78 billion yuan to 34.44 billion yuan, an increase of 72.4% to 81.2% year-on-year. As of March 31, 2026, NiO has built a total of 3,847 substations, 4,985 charging stations and 28,505 charging piles around the world.