Core Viewpoint - EHang Intelligent (EH.US) experienced a decline of over 5%, closing at $16.91, following the release of its Q2 2025 financial report, which showed significant revenue growth but an increase in net loss [1] Financial Performance - Total revenue for Q2 reached 147.2 million RMB (approximately $20.5 million), representing a year-over-year increase of 44.2% and a quarter-over-quarter surge of 464% [1] - 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), reflecting a year-over-year increase of 13.1% and a slight quarter-over-quarter rise of 3.3% [1] Business Operations - The delivery volume of the EH216 series eVTOL aircraft reached a record high of 68 units, a 38.8% increase compared to 49 units in the same period of 2024, and a staggering quarter-over-quarter increase of 518% from 11 units in Q1 [1] Future Outlook - The company has revised its full-year revenue forecast for 2025 down 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)盘初一度跌超11%，最低触及15.8美元，创逾两个月新低。 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。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，分 析师预期为8.633亿元。(格隆汇) ...

Core Viewpoint - EHang Intelligent has signed an investment cooperation agreement with the Hefei government to establish the headquarters for its VT35 series eVTOL products in Hefei [1] Group 1: Investment and Development - The agreement includes plans for comprehensive development around the VT35 series, covering the entire product lifecycle from research and development to sales operations [1] - A comprehensive base will be built in Hefei that integrates R&D testing, manufacturing, airworthiness certification, supply chain management, sales operations, and talent training [1]

Financial Data and Key Metrics Changes - Total revenues for Q2 2025 were RMB 147.2 million, representing a 44% year-over-year increase and a significant sequential increase of 4.6 times compared to Q1 2025, primarily driven by increased sales volume of EH216 series products [34][6][33] - Gross profit for Q2 was RMB 92 million, showing both year-over-year and sequential growth [34] - Gross margin in Q2 was 62.6%, stable compared to 62.4% in both Q2 2024 and Q1 2025, indicating sustained market competitiveness [35] - Adjusted net income was RMB 9.4 million, a 19.9% increase from RMB 1.2 million in 2024, marking a turnaround from an adjusted net loss of RMB 31.1 million in Q1 2025 [36] Business Line Data and Key Metrics Changes - The company successfully delivered 68 units of the EH216 series, generating total revenues of RMB 147 million, reflecting strong market demand [6] - New orders for over 150 units of the EH216 series were received in Q2, indicating robust market interest and confidence in the products [6][18] - The EH216 S completed over 10,000 safe flights without incidents, underscoring its safety and reliability [6] Market Data and Key Metrics Changes - The company delivered aircraft to 13 enterprise clients across various regions in China and one international client in Japan, expanding its customer base [17] - 90% of the new orders were from domestic clients, while 10% were from overseas customers, indicating a growing demand for pilotless vehicles in international markets [52] Company Strategy and Development Direction - The company is focusing on establishing a proven scalable business model for pilotless eVTOL operations, emphasizing safety, regulatory compliance, and innovation as cornerstones for leadership in the market [16] - A strategic partnership with the Hefei municipal government was signed to establish a VT35 series product hub, integrating R&D, manufacturing, and operations [12] - The company is committed to collaborating with leading academic institutions to advance critical technologies in the low altitude economy [13] Management's Comments on Operating Environment and Future Outlook - Management emphasized that the adjustment in revenue guidance is not due to weak demand but a commitment to safety and sustainable operations [45][24] - The company is confident in achieving the full-year revenue target of RMB 500 million based on the current order backlog [46] - Management highlighted the importance of supporting existing customers to ensure safe and orderly commercial operations [15] Other Important Information - The company raised over USD 23 million through an at-the-market offering, which will be used for R&D, team expansion, and commercial operations [37] - The company is pursuing type certification in Brazil and a special flight permit in Chile, indicating ongoing international expansion efforts [31] Q&A Session Summary Question: Reasons behind the revenue guidance cuts - Management clarified that the adjustment is due to a strategic focus on providing support services to existing clients and maintaining safety as a core principle, not due to insufficient market demand [45] Question: Update on operating certificates (OC) for clients - Management provided an update on the phased operational approach of the two operators who obtained OCs, emphasizing the strong interest from existing and potential customers [47][48] Question: Breakdown of order backlog - Management indicated that 90% of the new orders are from domestic clients and 10% from overseas customers, with significant demand noted from international markets [52][53] Question: Plans for the VT20 model and airworthiness certification - Management confirmed that the VT20 series logistic aircraft does not require airworthiness certification, while larger models are in the process of certification [56] Question: Production capacity and CapEx plans - Management stated that the annual production capacity of 1,000 units will continue as planned, with CapEx for 2025 remaining unchanged at USD 14 million [69] Question: Business model as a UAV service provider - Management explained that the company will act as both an eVTOL producer and an operation service provider, focusing on sustainable long-term commercial operations [72] Question: Support from Hefei government for VT35 - Management detailed that the support from the Hefei government includes orders, investments, and supply chain support, which will aid in the development of the VT35 model [76]

EHang (EH) Q2 2025 Earnings Call August 26, 2025 08:00 AM ET Speaker0Good day, ladies and gentlemen, and thank you for standing by, and welcome to the Ehang Second Quarter twenty twenty five Earnings Conference Call. Please note that the management's prepared remarks and the subsequent Q and A session will primarily be conducted in Chinese and the corresponding simultaneous or consecutive interpretation can be accessed on the English line. As a reminder, all translations are for convenient purpose only. In ...

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]

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]