• NIO average net profit margin for 2023 was -39.1%, a 58.11% decline from 2022.
• NIO average net profit margin for 2022 was -24.73%, a 22.91% increase from 2021.
• NIO average net profit margin for 2021 was -32.08%, a 59.05% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.