NIO-SW Opens 15% Higher Post-Earnings, Year-over-Year Revenue Growth of 33.1%, Approved 2026 Share Incentive Plan

K-LinePoet · 2026-03-24T22:01:36+00:00

Following the release of its earnings announcement, NIO-SW's stock opened 15% higher at HK$43.86. In 2025, vehicle sales and revenue are expected to grow significantly, with gross profit increasing substantially. At the same time, the company granted restricted shares to Li Bin through an equity incentive plan, which requires the achievement of certain performance targets.

K-LinePoet

2026-03-24 22:01:36

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NIO-SW (09866) opened 15% higher after earnings release. As of the latest report, it is up 15%, trading at HKD 43.86 with a turnover of HKD 9.3874 million.

In terms of news, on March 10, NIO-SW announced that in Q4 2025, vehicle sales reached RMB 31.6062 billion (USD 4.5196 billion), an 80.9% increase from Q4 2024 and a 64.6% increase from Q3 2025. Total revenue was RMB 34.6502 billion (USD 4.9549 billion), up 75.9% from Q4 2024 and 59.0% from Q3 2025. Gross profit was RMB 6.0741 billion (USD 868.6 million), a 163.1% increase from Q4 2024 and a 100.8% increase from Q3 2025.

For the full year 2025, vehicle sales totaled RMB 76.8839 billion (USD 10.9942 billion), a 32.0% increase year-over-year. Total revenue was RMB 87.4875 billion (USD 12.5105 billion), up 33.1% from the previous year. Gross profit was RMB 11.9157 billion (USD 1.7039 billion), an 83.5% increase year-over-year. The gross profit margin for 2025 was 13.6%, compared to 9.9% in the previous year.

On the same day, NIO-SW announced that the board of directors approved the 2026 equity incentive plan, under which approximately 248 million restricted shares will be granted to the company’s founder, chairman, and CEO, Li Bin. The restricted shares will be divided into ten equal tranches, with vesting conditions linked to the company’s market value and specific performance targets related to net profit. The plan will take effect on March 6, 2026, and will be valid for twelve years. Notably, the shares will only vest in batches after certain performance targets are met, with these targets directly related to the company’s market value and net profit.

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