HK Stock Market Move | NIO-SW(09866) rose by over 4% again, achieving profitability as scheduled in the fourth quarter. Continued improvement in performance is expected to further repair the valuation.

NIO-SW(09866) rose again by over 4%, as of the time of writing, it has increased by 4.38% to 46.76 Hong Kong dollars, with a turnover of 1.27 billion Hong Kong dollars. On the news front, on February 26th, NIO announced that its chip subsidiary, Anhui Jingji, had completed the first round of equity financing agreement, with a financing amount exceeding 2.2 billion yuan, and a post-investment valuation of nearly 10 billion yuan. On March 10th, NIO released its fourth quarter and full-year financial report for 2025. The financial report showed that NIO's net profit in the fourth quarter of last year was 280 million yuan, and non-GAAP adjusted operating profit was 1.25 billion yuan, achieving the company's first quarterly profit. Guotai Junan International released a research report stating that NIO achieved profitability in the fourth quarter as expected, and the quality of operations is expected to further improve. Considering that NIO will launch multiple new car models this year, it will help the company achieve its goal of a 40%-50% year-on-year growth in deliveries. At the same time, the company will continue to improve operational efficiency through the CBU mechanism, and the continuous improvement in performance is expected to further repair the valuation.