Chinese Concept Stocks | NIO Reports Over 21% Revenue Growth in Q1, TSMC's Robot Orders Boost Earnings

On June 3rd, Eastern Standard Time (Tuesday), the three major U.S. stock indexes collectively closed higher. The S&P 500 index rose 0.58% to 5970.37 points, the Dow Jones index rose 0.51% to 42519.64 points, and the Nasdaq index rose 0.81% to 19398.96 points.

On June 3rd, the Nasdaq Golden Dragon China Index rose 0.56%.

Among popular Chinese concept stocks, NetEase rose 2.32%, Pinduoduo rose 1.96%, XPeng Motors rose 1.84%, TSMC rose 1.42%, Baidu rose 0.83%, NIO rose 0.71%, Alibaba rose 0.18%, Bilibili fell 2.49%, and JD.com fell 1.37%.

For consecutive rising Chinese concept stocks, Qudian rose 0.34% for seven consecutive days with a cumulative increase of 7.22%. Luokung Technology rose 0.02% for seven consecutive days with a cumulative increase of 22.11%. Dones rose 1.89% for six consecutive days with a cumulative increase of 23.01%. Libang Kitchenware rose 3.41% for six consecutive days with a cumulative increase of 32.85%. 51Talk rose 6.73% for five consecutive days with a cumulative increase of 11.46%. Star Fashion rose 2.33% for five consecutive days with a cumulative increase of 10.92%. Mobile Finance rose 2.56% for five consecutive days with a cumulative increase of 62.03%.

For consecutive falling Chinese concept stocks, Fangdd Network Group fell 0.45% for seven consecutive days with a cumulative decrease of 13.68%. Huamei Technology fell 7.55% for six consecutive days with a cumulative decrease of 12.29%. Huasheng Technology fell 61.14% for six consecutive days with a cumulative decrease of 84.08%. WeRide fell 1.94% for five consecutive days with a cumulative decrease of 10.77%. Qifu Technology fell 0.56% for four consecutive days with a cumulative decrease of 4.59%. Suxuantang fell 1.52% for four consecutive days with a cumulative decrease of 14.47%. WiMi Hologram fell 8.05% for four consecutive days with a cumulative decrease of 18.85%. Mengyun Hologram fell 2.92% for four consecutive days with a cumulative decrease of 48.85%. Xinghui Yunyin fell 2.05% for four consecutive days with a cumulative decrease of 12.58%.

NIO: Q1 Revenue Exceeds 12 Billion Yuan, Up Over 21% Year-on-Year
NIO released its Q1 2025 financial report. The company's Q1 revenue exceeded 12 billion yuan, a year-on-year increase of over 21%, with R&D investment exceeding 3 billion yuan. New car deliveries in Q1 amounted to 42,094 units, a year-on-year increase of over 40%. The gross margin for vehicles in Q1 was 10%. The delivery guidance for Q2 is between 72,000 to 75,000 units, a year-on-year increase of 25.5% to 30.7%. Q2 deliveries are expected to increase by 71%-78% quarter-on-quarter.

NavInfo: Signs Strategic Cooperation Framework Agreement with Alibaba Cloud
NavInfo announced that it has signed a strategic cooperation framework agreement with Alibaba Cloud. Both parties will engage in deep cooperation in areas such as large model applications, assisted driving and vehicle networking, dedicated cloud for the automotive industry, overseas services for automakers, and smart transportation. The cooperation period is five years. This cooperation aims to promote the commercialization of the company's automotive intelligence strategy and enhance product competitiveness.

Li Auto's Super Charging Stations Exceed 2400
Li Auto announced on Weibo that in 2 years and 1 month, its super charging stations have exceeded 2400, and its super charging piles have exceeded 13,200.

NIO's Transformation Battle Accelerates: Opening the Books, Letting Go of Obsessions
At the beginning of 2025, NIO's founder, chairman, and CEO Li Bin emphasized the severe situation facing the company during an internal meeting and asked the team to estimate difficulties with at least double the mindset. Several NIO insiders stated that Li Bin's speech was not exaggerated. Under the influence of multiple factors, NIO in Q1 2025 is experiencing its lowest point since the life-or-death crisis of 2019. Based on the CBU logic, NIO has made multiple adjustments to its organizational structure. In April-May, NIO internally established a horizontal organization "model product line", spanning clusters such as product design and development, industrialization, user and service experience, to optimize horizontal collaboration efficiency and achieve a business closed loop. This is also the inevitable choice after the deep resource integration of three brands. NIO has streamlined many non-direct sales positions. A person close to Li Bin revealed that Li Bin recently reflected that in the past two or three years, he had taken some detours due to habitual thinking - the essence of sales is actually to establish long-term relationships between people, and changing people to maintain communication seems to make the division of labor more refined, but instead actively cut off long-term connections between the salesperson and users after the car sale, neglecting the key role of people.

TSMC CEO: Strong Demand for Humanoid Robots, Significant Contribution to Revenue
TSMC's CEO stated that the strong demand for humanoid robots has made a significant contribution to revenue.

TSMC: Considering Converting Common Stock to ADR, No Current Plans
During TSMC's shareholders' meeting, a shareholder inquired about the underperformance of TSMC's Taiwan stock compared to ADR returns. TSMC's CFO Huang Renzhao stated that the company had considered converting common stock to ADR but is currently not planning to do so due to concerns about impacting the ADR price and Taiwan stock. Huang Renzhao said that the company would consider opening this option once the market stabilizes and is continuing to monitor market conditions alongside investment banks.

TSMC CEO: Very Optimistic Outlook for the Next Five to Ten Years
The CEO of TSMC expressed a very optimistic outlook for the next five to ten years.

TSMC's 2nm Process Production Imminent, Wafer Foundry Price Soars to $30,000
It is reported that TSMC is about to commence production of its 2nm process. According to supply chain sources, the total cost of TSMC's 2nm process from R&D to mass production is as high as $725 million. Its foundry price has also soared, with each wafer priced at $30,000, and the price for the more advanced 1.4nm process is expected to reach $45,000.

TSMC CEO: Strong Demand for Humanoid Robots, Significant Contribution to Revenue
TSMC's CEO reiterated that the strong demand for humanoid robots has made a significant contribution to the company's revenue.

TSMC Chairman: Stable Growth This Year, Expect Advanced Process Share to Continue Rising
On June 3rd, during TSMC's shareholders' meeting, Chairman and CEO Wei Zhejia stated in the operational report that the company is currently entering an AI-enabled world. Despite continued economic uncertainty, TSMC is expected to have stable growth this year and is optimistic that corporate AI will be another structural trend supporting demand in the coming years. It is anticipated that the sales share of TSMC's advanced processes will continue to rise to 70% to 80%, setting new records.