Automobile Manufacturers

NIO Inc

Today’s Key News Recap

K3SD

AAPL

603020

GOLD

09866

02015

06181

HLPD

BIDU

89888

09888

HBUD

0312 | Dolphin Research Watchlist.🐬 Macro/Industry 1) The U.S. will release Feb CPI at 20:30 Beijing time on Wed, a key input for the Fed's rate-cut path. Recent Middle East tensions have lifted oil prices, increasing uncertainty around the print.An upside surprise could push back cut expectations and weigh on growth stocks. In-line or softer readings would be supportive of risk assets.🐬 Single Stock 1) $Meta Platforms(META.US) Meta announced the acquisition of AI agent community Moltbook. It is known in the industry as the 'Lobster Community'...

BIDU ADR US

Apple

Apple Group

ETFS Capital Ltd.

Gold.com

NIO-SW

NIO Inc. USD OV

LI AUTO-W

Li Auto

Meta Platforms

LAOPU GOLD

Laopu Gld HK SDR 50to1

Baidu

BIDU-SWR

BIDU-SW

Baidu HK SDR 10to1

META secures 'Shrimp Pool' Moltbook; Laopu Gold issues a positive profit alert on strong earnings | Daily News Recap

Conference Minutes

VIVS

ONVO

The company maintains its target of achieving positive non-GAAP operating profit for FY2026. The target remains unchanged.

VivoSim Labs

Organovo

NIO (4Q25 Trans): Confident in FY26 volume growth of 40-50%

Financial Analysis

Nio turned profitable for the first time since its IPO. It has finally shed its perennial loss-maker label.

Farewell to the 'Grim Reaper': Is NIO back in the driver's seat?

Nio 4Q25 First Take: despite having pre-announced, the quarter still came in strong, beating the top end of guidance and Street estimates. Specifically: 1) Total revenue was RMB 34.7bn (+76% YoY), above the Street at RMB 33.6bn, driven by an upside in vehicle sales. This was the core driver of the beat. Vehicle sales revenue reached RMB 31.6bn vs. RMB 30.6bn expected. ASP climbed quickly QoQ from RMB 221k to RMB 253k, driven by the high-priced ES8’s strong outperformance. ES8 mix rose by 27ppt QoQ to 32%. The sharp ASP uplift also drove a meaningful improvement in vehicle GPM. Together with platformized supply-chain cost-down and scale benefits, 4Q vehicle GPM reached 18.1% (+340bps QoQ), in line with the prior guide of ~18%. 2) Opex discipline was notable and supported profit expansion. Costs were tightly managed across functions. S&amp;M expense was just RMB 3.5bn, down RMB 650mn QoQ from RMB 4.2bn and below the RMB 4.0bn guide, driven by payroll savings from headcount reductions. R&amp;D fell by RMB 360mn to RMB 2.0bn, below the Street’s RMB 2.5bn, as NT3.0 development wrapped up and efficiency improved. With revenue and GPM beats plus opex relief, net profit turned positive. OP was RMB 800mn, above the guided range high end of RMB 200–700mn. As for Q1 guidance in a seasonally soft quarter: Management provided the following. 1) Volume guide is below expectations: 80–83k units vs. the Street at 89k, implying Mar deliveries of 32–35k (Jan/Feb at 27k/21k). The miss likely reflects seasonal weakness and purchase tax rollback, ES8 delivery timing shifting some units to Q2 due to supply-chain disruptions, and softer ONVO L90 demand. 2) But revenue guide is above expectations: RMB 24.5–25.2bn vs. the Street at RMB 24.5bn. Despite the volume shortfall, revenue is guided above as ES8 mix keeps rising, lifting ASP to RMB 265–270k from RMB 253k in 4Q.$NIO Inc(NIO.US) $NIO-SW(09866.HK) $NIO Inc. USD OV(NIO.SG)

NVDA

09988

89988

BABA

HBBD

300750

03750

HCCD

ORCL

ORCL-D

KBAB

BABO

BABX

NVDL

07788

07388

0310 | Dolphin Research Focus: 🐬 Macro/Industry1) On Mar 9 (local time), Trump said US military action against Iran would end 'very soon' but not this week. He also indicated the US would ease some oil-related sanctions to cool prices, while warning of tougher strikes if Iran blocks the strait.The remarks briefly soothed energy and financial markets, capping near-term upside in crude. They tempered expectations for a sharp oil spike in the short run.However, the conflict continues and Tehran has issued a hard-line response. Geopolitical risk has not cleared...

NVIDIA

Taiwan Semiconductor

BABA-W

BABA-WR

Alibaba

Alibaba HK SDR 5to1

CATL

CATL HK SDR 30to1

Oracle

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

TSM Feb revenue down MoM; Alibaba Qwen management reshuffle finalized | Daily News Recap

---

LARK

00700

80700

TCTZF

TCEHY

BYTED

HTCD

09868

XPEV

0309 | Dolphin Research Focus: 🐬 Macro/Industry 1) Middle East tensions escalated, sending Brent intraday close to $120/bbl. Nasdaq futures fell 2.32%, while VIX futures rose 7.28%.G7 finance ministers were set to hold an emergency meeting at 20:30 BJT on Mon, aiming to coordinate with the IEA to release oil reserves to steady prices. After the headlines, crude pulled back quickly.The move can cap prices in the short run and help stabilize risk sentiment. However, drawdowns are only a stopgap. If the conflict drags on, supply risks persist and energy and tech could see choppy swings...

Landmark Bancorp

TENCENT

TENCENT-R

Tencent Holdings Limited

Tencent

ByteDance

Tencent HK SDR 10to1

XPENG-W

XPeng

Global Mkts Roiled by Oil Spike; Tencent's 'Little Lobster' Wildcard Debuts | Daily News Recap

---

AMZN

GOOG

GOOGL

09618

89618

HJDD

0304 ｜Dolphin Research Focus: 🐬 Macro/Industry 1. On Tues. local time, President Trump announced the White House will provide naval escorts and political risk insurance for tankers transiting the Strait of Hormuz. The goal is to stabilize energy prices and relieve soaring marine insurance costs and transit disruptions.The move directly hedges geopolitical risk and swiftly calms market worries over energy supply, limiting near-term upside for crude. It could help normalize shipping routes if implemented effectively.However, the actual effectiveness of the escort program and the longevity of regional tensions remain uncertain. Energy and shipping sectors may remain volatile as the situation evolves, so track the pace of real traffic recovery...

Amazon

Alphabet - C

Alphabet

JD-SW

JD-SWR

JD HK SDR 10to1

JD.com

BABA Qwen chief steps down; NVDA sets GTC 2026 dates ｜ Daily News Recap---

601339

BROS

01810

81810

XIACY

HXXD

PARA

01211

81211

HYDD

002594

BYDDF

BYDDY

09863

0302 | Dolphin Research Focus: 🐬 Macro/Industry1) Geopolitical tensions in the Middle East have flared, with US/Israel–Iran frictions escalating and risk aversion rising across global markets. As a result, international gold and silver opened broadly higher on Mon., with safe-haven assets bid. Geopolitics remains the key near-term catalyst for precious metals, as flight-to-safety inflows support gold and silver.2) With the Lunar New Year holiday and a slower spending cadence, the dual impact was evident. Feb deliveries among China EV startups were mixed...

Dutch Bros

XIAOMI-W

XIAOMI-WR

Xiaomi Corporation

Xiaomi HK SDR 2to1

Paramount Global

Warner Bros. Discovery

BYD COMPANY

BYD COMPANY-R

BYD HK SDR 10to1

BYD Company Limited

BYD Company

LEAPMOTOR

Netflix

BOYD Gaming

Haven Rush Ignites Gold & Silver; BYD to Host 'Disruptive Tech' Press Event｜Daily News Recap

---

RBLX

03690

83690

HMTD

MPNGY

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

Roblox

DingDong

MEITUAN

MEITUAN-WR

Meituan HK SDR 5to1

Meituan

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap

---

TECH

TSLA

0119 | Dolphin Research Watchlist: 🐬 Macro/Industry1) Per the National Bureau of Statistics, 2025 GDP was RMB 140.2tn, up 5.0% YoY in real terms, meeting the full-year target. Q4 growth eased, but the Dec PMI returned to expansion, pointing to improving production sentiment. Infra investment and net exports provided the key support, while consumption and property remained weak.2) Trump, seeking to 'buy Greenland', announced tariffs on eight European countries. The move targets Denmark, Germany and others...

Bio-Techne

Tesla

Micron Tech

China GDP +5% for the year; TSLA AI5 chip design near completion | Daily News Recap

NIO Delivered 35,486 Vehicles in March 2026 with a 136.0% Year-over-Year Growth

NIO to Hold ES9 SUV Tech Launch a Day Earlier Than Expected

NIO to Launch 2026 Models ES6, EC6, ET5, ET5T on April 2nd

NIO Shares Gap Up, Analyst Ratings Mixed

NIO Founder Li Bin Sees Huge Growth Potential in Pure Electric Vehicle Market, Plans to Strengthen Sales and Service Network Construction

NIO to Launch Five-Seater ES8 and Enter Hong Kong Market

NIO Opens its First Store in Latin America in Costa Rica

NIO Drives Legend Auto to Resume New Model Development to Boost Sales

Li Bin Predicts Revival of New Energy Vehicle Market, NIO Strengthens Sales and Service Network

NIO Launches Firefly Electric Vehicle in Thailand

Mirattery issues green asset-backed medium-term notes to raise 145 million USD

NIO Announces Over 5.5 Million Self-Developed Chip Production and Plans for Low-End Chip Launch

NIO Postpones Large-scale Promotion of the Fifth Generation Swap Station to Summer

NIO has built 8,709 charging and swapping stations nationwide

NIO stock price down despite record quarterly profits

NIO's New ES8 Achieves 80,000 Deliveries

NIO's Li Bin Announces Over 5.5 Million Self-Developed Chips Produced, Targeting 35%-40% Localization by 2027

NIO Inc(NIO.US)

NIO Inc Stock Performance Chart