Group 1 - U.S. stock futures are lower, with Dow futures down approximately 0.2% [1] - EHang Holdings Ltd reported a significant decline in FY2025 sales guidance, reducing it from $123.299 million to $69.797 million, leading to an 8.5% drop in pre-market trading to $16.27 [1] - Molecular Partners AG experienced a 13.5% decline to $3.65 due to a wider quarterly loss [3] - Daqo New Energy Corp. saw a 9.2% decrease to $21.70 following its second-quarter results [3] - Harmony Gold Mining Company Ltd fell 6.7% to $14.67 in pre-market trading [3] - ECARX Holdings Inc. dropped 4.7% to $1.61 after its second-quarter results [3] - Valneva SE shares fell 4.6% to $9.00, with a notable 19% drop on Monday after the FDA suspended the license for IXCHIQ [3] - Rigetti Computing, Inc. decreased by 3.5% to $13.96 in pre-market trading [3]

EHang Reports Second Quarter 2025 Unaudited Financial Results • Revenues up 44.2% YoY, 464.0% QoQ to RMB147.2 million Guangzhou, China, August 26, 2025 — EHang Holdings Limited ("EHang" or the "Company") (Nasdaq: EH), the world's leading Urban Air Mobility ("UAM") technology platform company, today announced its unaudited financial results for the second quarter ended June 30, 2025. Operational and Financial Highlights for the Second Quarter of 2025 1 The EH216 series include the EH216-S (standard model for ...

Core Insights - EHang Intelligent (EH.US) reported Q2 2025 total revenue of 147.2 million RMB (approximately 20.5 million USD), representing a year-over-year increase of 44.2% and a quarter-over-quarter surge of 464% [1] - The company's gross margin remained stable at 62.6%, consistent with the previous two quarters [1] - Net loss expanded to 81 million RMB (approximately 11.3 million USD), a year-over-year increase of 13.1% and a slight quarter-over-quarter increase of 3.3% [1] - Non-GAAP adjusted net profit reached 9.4 million RMB (approximately 1.3 million USD), a significant increase of 683% year-over-year and a turnaround from loss quarter-over-quarter [1] - Adjusted basic and diluted earnings per share were 0.07 RMB (0.01 USD) [1] Business Performance - The delivery volume of EH216 series eVTOL aircraft reached a record high of 68 units, up 38.8% from 49 units in the same period of 2024, and a staggering increase of 518% from 11 units in Q1 [1] - This delivery scale directly contributed to the revenue surge [1] - The company raised approximately 170.2 million RMB (about 23.8 million USD) through an ATM stock issuance, enhancing its cash reserves to 1.15 billion RMB (approximately 160.5 million USD) [1] - The increased funds will support technology research and development, capacity expansion, and the construction of a new headquarters [1] Future Outlook - EHang has lowered its full-year revenue forecast for 2025 to approximately 500 million RMB, citing a strategic shift towards the development of commercial operation demonstration models and long-term infrastructure [1]

亿航智能(EH.US)盘前跌超10%，报16美元。 消息面上，亿航智能公布第二季度业绩，营收同比增长44.2%、环比增长464%，至1.472亿元；净亏损 8100万元，去年同期则录得净亏损7160万元，第一季度净亏损7840万元；毛利率62.6%，去年同期及第 一季度均为62.4%。期内公司交付了68台EH216系列垂直起降航空器(eVTOL)。另外，公司将2025年全 年收入指引调整至约5亿元，此前预期为9亿元。(格隆汇) ...

Core Viewpoint EHang Holdings Limited reported significant growth in its financial performance for the second quarter of 2025, driven by increased sales of its EH216 series eVTOL aircraft, while also expanding its operational capabilities and partnerships in the Urban Air Mobility sector. Financial Highlights - Total revenues reached RMB147.2 million (US$20.5 million), marking a 44.2% increase year-over-year and a 464.0% increase quarter-over-quarter [10][9] - Gross margin maintained at 62.6%, consistent with previous quarters [12] - Operating loss was RMB78.1 million (US$10.9 million), slightly up from RMB77.4 million in Q2 2024 but down 13.1% from RMB89.9 million in Q1 2025 [16] - Net loss was RMB81.0 million (US$11.3 million), a 13.1% increase from RMB71.6 million in Q2 2024 and a slight increase of 3.3% from RMB78.4 million in Q1 2025 [18] - Adjusted net income was RMB9.4 million (US$1.3 million), a significant turnaround from a loss of RMB31.1 million in the previous quarter [29] Operational Highlights - Delivered 68 units of EH216 series eVTOL aircraft in Q2 2025, up from 49 units in Q2 2024 and 11 units in Q1 2025 [4] - Established over 40 operational sites for the EH216-S, completing over 10,000 safe flights with zero accidents [8] - Received new orders for over 150 units of EH216 series in Q2 2025, indicating strong market demand [4] Strategic Developments - Strengthened liquidity position with US$23.8 million raised from an at-the-market equity offering [4] - Launched EH216-S trial commercial operations in Guangzhou and Hefei, with over 700 flights logged [7] - Formed strategic partnerships with Gotion High-Tech and Minth Group to enhance technology and supply chain capabilities [8] Business Outlook - The company revised its 2025 revenue guidance to approximately RMB500 million, focusing on expanding commercial eVTOL operations [32]

Core Insights - EHang Holdings Limited has signed an investment cooperation agreement with the Hefei government to establish a product hub for its VT35 series eVTOL aircraft, enhancing its strategic presence in East China [1][2] - The total investment for this partnership is estimated at approximately RMB 1 billion, with the Hefei government providing support valued at around RMB 500 million [2] - The VT35 series is designed for medium- to long-distance air mobility and features advanced autonomous flight control and propulsion systems, building on the previous VT30 prototype [3] Investment and Development - The partnership aims to create a comprehensive base for the VT35 series, covering R&D, testing, manufacturing, airworthiness certification, supply chain management, sales, operations, and talent development [1][2] - EHang's Type Certificate application for the VT35 has been accepted by the Civil Aviation Administration of China and is currently under review, with plans to obtain necessary certifications for various operations [4] Strategic Goals and Future Plans - EHang's collaboration with Hefei is expected to accelerate the industrialization of the VT35 series and enhance the low-altitude economy in the region [2][5] - The company aims to attract high-quality projects and expand into logistics, fire protection, and tourism sectors, contributing to the development of a robust industrial ecosystem [5] - EHang's CEO highlighted the importance of Hefei's supply chain and policies in facilitating innovation and operational efficiency for advanced air mobility [6]

Core Insights - The eVTOL market is rapidly evolving, with U.S. companies Joby Aviation and Archer Aviation facing challenges against Chinese EHang and Brazilian Eve Air Mobility, which are emerging as leaders in the sector with significant growth potential [1][6]. Group 1: EHang's Competitive Position - EHang has received full certification from China's Civil Aviation Administration for its EH216 model, allowing it to commence commercial operations, a milestone not yet achieved by its competitors [2]. - The company aims to increase production to 300–800 units annually by 2025–2027, targeting a remarkable 307% profit CAGR through 2027 [3]. - EHang's current focus includes public sector contracts and sightseeing routes, although its payload and range limitations may hinder its global competitiveness [3]. Group 2: Eve Air Mobility's Global Strategy - Eve Air Mobility, supported by Embraer, has a substantial order book of 2,800 units valued at $14 billion across nine countries, significantly surpassing EHang's 1,300-unit backlog [4]. - The design of Eve's aircraft is aimed at urban commuting, providing broader market appeal compared to specialized applications [4]. - With Embraer's 73% ownership stake, Eve is leveraging its aerospace expertise to expand into various markets, including Latin America and ASEAN [5]. Group 3: Challenges for Joby and Archer - Joby and Archer are experiencing delays in certification, which may hinder their ability to compete effectively in the eVTOL market [6]. - The projected $100 billion eVTOL market by 2040 emphasizes the importance of operational readiness, with EHang and Eve currently positioned as frontrunners [6].

Group 1 - The Nasdaq China Golden Dragon Index rose over 2%, indicating a positive trend for Chinese concept stocks [1] - Notable gainers included Miniso, which increased by 12.49%, and NIO, which rose by 10.02% [2] - Other significant performers were QuantumScape with an 8.89% increase, and Manbang with a 7.94% rise [2] Group 2 - Additional stocks that saw gains included EHang Intelligent at 6.70%, and Woosir Technology at 6.92% [2] - Smaller increases were observed in companies like Xiaoying Technology at 5.55% and Dingdong Maicai at 5.66% [2] - Overall, the performance of these stocks reflects a broader recovery trend in the Chinese stock market [1]

Group 1 - Chinese concept stocks in the US experienced a collective surge, with NIO rising over 10% [1] - EHang Intelligent increased by more than 7% [1] - Kingsoft Cloud saw a rise of 6% [1] - Xpeng Motors gained 4% [1] - Alibaba's stock rose by over 3% [1]

（文章来源：新华财经） 美股中概股集体大涨，蔚来涨超10%，亿航智能涨超8%，金山云涨6%，小鹏汽车涨4%，阿里巴巴涨超 3.8%。 ...