EHang Holdings Ltd
NASDAQ:EH

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EHang Holdings Ltd
NASDAQ:EH
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Price: 13.91 USD -1.14% Market Closed
Market Cap: 1B USD

EHang Holdings Ltd
Investor Relations

EHang Holdings Ltd. operates as an autonomous aerial vehicle technology platform company. The company is headquartered in Guangzhou, Guangdong. The company went IPO on 2019-12-12. The firm design, develop, manufacture, sell and operate AAVs and their supporting systems and infrastructure for a broad range of industries and applications, including passenger transportation, logistics, smart city management and aerial media solutions.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 26, 2025
AI Summary
Q3 2025

Revenue & Deliveries: Q3 revenue was RMB 92.5 million, with 42 eVTOL units delivered, both down QoQ and YoY due to delayed customer payments and a strategic focus on operational readiness.

Guidance Maintained: Management reaffirmed full-year 2025 revenue guidance of RMB 500 million, with deferred Q3 orders expected to be recognized in Q4.

Gross Margin: Gross margin declined slightly to 60.8% but is expected to remain stable around 60% long-term as the product mix diversifies.

Product Expansion: Introduced the VT35, a long-range pilotless eVTOL, and expanded into new unmanned products like firefighting and formation drones to broaden revenue streams.

International Expansion: Progressed regulatory approvals and demonstration flights in Thailand, Qatar, Africa, and Japan, with Thailand's Sandbox initiative aiming for commercial eVTOL services and sizable unit deliveries in 2026.

Operational Readiness: Continued human-carrying trial operations in China, with over 1,100 flight missions in H2 2025 and public commercial flights set to begin in December.

Financial Health: Ended Q3 with RMB 1.13 billion in cash and equivalents, supporting future R&D and expansion.

Key Financials
Revenue
RMB 92.5 million
Units Delivered
42 units
Gross Profit
RMB 56.2 million
Gross Margin
60.8%
Operating Expenses
RMB 151 million
Adjusted Operating Expenses
RMB 89.1 million
Adjusted Net Loss
RMB 20.3 million
Cash and Cash Equivalents (including restricted short-term deposits and short-term investment)
RMB 1.13 billion
Flight Missions by Certified Operators (H2 2025)
1,147 missions
EH216 Series Cumulative Flights Globally
over 80,000 flights
Other Earnings Calls

Management

Mr. Huazhi Hu
Founder, Chairman & CEO
No Bio Available
Mr. Chia-Hung Yang
CFO & Director
No Bio Available
Mr. Wang Zhao
Chief Operating Officer
No Bio Available
Anne Ji
Senior Director of Investor Relations
No Bio Available

Contacts

Address
GUANGDONG
Guangzhou
Building C, Yixiang Technology Park, No.72 Nanxiang Second Road, Huangpu District
Contacts
+862029028899.0
www.ehang.com