NIO HK shares up most in near 2 years on posting first ever net profit for Q4

NIO

11/03/2026 03:18

Adds chairman's comment, milestones

** Shares of Chinese EV maker NIO 9866.HK rally as much as 19.7%, on course for the biggest one-day pct rise since May 2024

 ** Stock hit HK$45.66, the highest level since November 25; top pct gainer in Hang Seng TECH Index .HSYECH, which climbs 0.7%

 ** U.S.-listed stock NIO.N surged 15.4% on Tuesday

** NIO reported earlier on Tuesday an adjusted net profit of RMB726.8 million (US$103.9 million) for Q4, its first-ever quarterly net profit

** Management also gave strong revenue guidance for 1Q26

** "With the volume and also the vehicle margin outlook combined, we still have the target of achieving full-year non-GAAP operating profit breakeven in 2026," Chairman William Li told analysts in an earnings call

** "NIO is now able to harvest a decade of upfront spending on brand building, battery swapping, and service centres to differentiate vs peers," Macquarie said in a note

** Macquarie maintains an "Outperform" rating on the stock, raises the 12-month price target by 9% to HK$51.00

($1 = 6.8770 Chinese yuan)

((jiaxing.li@thomsonreuters.com))