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<Research>Guotai Haitong Securities Initiates Coverage on NIO-SW with Rating Overweight
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NIO-SW (09866.HK) has seen a surge in sales volume coupled with an increase in the proportion of high-priced models, achieving quarterly earnings for the first time in 4Q25, Guotai Haitong Securities wrote in its research report. This year, NIO-SW's product matrix continues to expand. In Guotai Haitong Securities' estimate, the carmaker's 2025-27 operating revenue will be RMB87 billion/ RMB130.6 billion/ RMB161.4 billion, while the net profits will be RMB16.9 billion/ -RMB3.5 billion/ RMB600 million. Guotai Haitong Securities initiated coverage on NIO-SW with a target price of HKD50.59 and an Overweight rating. AAStocks Financial News |
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