CICC: Raises NIO-SW (09866.HK) target price to HK$62.7, maintains "buy" rating.

According to the CITIC Securities APP, Guoyin International released a research report stating that it has raised its target price for NIO-SW (09866.HK) Hong Kong stocks to HK$62.7 and maintains a "buy" rating. NIO's revenue in the second quarter of 2025 is expected to be approximately RMB 19.01 billion, a 9% year-on-year increase and a 57.9% increase from the previous quarter. Among them, automotive revenue is approximately RMB 16.3 billion, in line with market expectations.