On June 10, NIO-SW fell 5.27% in regular trading, trading at 41.84 HKD/share, with trading volume of 10.29 million HKD. The stock opened sharply lower alongside a weak Hong Kong market and extended losses through the session.

The decline comes amid lingering concerns over NIO's profitability outlook following its latest quarterly earnings. While Q1 revenue doubled year-over-year to 25.53 billion yuan and gross margins hit four-year highs, management guided Q2 vehicle gross margin down to 17%-18% from Q1's 18.8%, citing rising lithium carbonate and memory chip costs adding over 10,000 yuan per vehicle. Additionally, Non-GAAP net profit fell 94% quarter-over-quarter due to deliveries dropping from 125,000 to 83,000 units, exposing the fragility of NIO's near-breakeven operating model.

Within the Automobile Manufacturers sector, performance was mixed. Among individual stocks, Geely Auto up 3.93%, Li Auto-W down 0.54%, XPeng-W down 1.71%, BYD Company down 2.04%, Leapmotor down 2.04%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)