Core Insights - EHang Holdings experienced a significant stock price increase of over 16% following the announcement of a surprise net income in its latest quarter [1] - The company reported a remarkable 920% year-over-year revenue growth in Q2, reaching over 102 million yuan ($14 million) [2] - EHang's adjusted net profit for the second quarter was 1.2 million yuan ($168,330), contrasting with a substantial net loss of nearly 52 million yuan ($7.3 million) in Q2 2023 [2] Revenue Performance - EHang's Q2 revenue soared to more than 102 million yuan ($14 million), significantly exceeding analyst expectations of 92 million yuan ($12.9 million) [2] - The company achieved a non-GAAP net profit of 1.2 million yuan ($168,330), while analysts had predicted an adjusted loss of 0.84 yuan ($0.12) [2] Growth Drivers - The substantial revenue increase was driven by high order volumes from Chinese clients and the awarding of three production certificates from the aviation industry regulator, leading to increased demand [2] - EHang anticipates continued triple-digit growth, projecting third-quarter revenue of approximately 123 million yuan ($17.3 million), which would represent a roughly 330% increase year-over-year [3]

EHang Holdings Limited (NASDAQ:EH) Q2 2024 Earnings Conference Call August 22, 2024 8:00 AM ET Company Participants Anne Ji - Senior Director, Investor Relations Huazhi Hu - Founder, Chairman & Chief Executive Officer Zhao Wang - Co-Chief Operating Officer Conor Yang - Chief Financial Officer & Director of the Board Conference Call Participants Laura Lee - Deutsche Bank Ting Song - Goldman Sachs Cindy Wang - Morgan Stanley Yu Chen - Haitong Securities Operator Good day, ladies and gentlemen. Thank you for s ...

Exhibit 99.1 EHang Reports Second Quarter 2024 Unaudited Financial Results Guangzhou, China, August 22, 2024 — 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, 2024. Financial and Operational Highlights for the Second Quarter 2024 1 • Quarterly Revenues Up 919.6% YoY, Highest Growth Rate in Company History • Achieved Quarterly Adjust ...

Core Insights - EHang Holdings Limited reported a record revenue of RMB102.0 million (US$14.0 million) for Q2 2024, marking a 919.6% increase year-over-year and a 65.3% increase quarter-over-quarter, driven by the sales of EH216 series products [2][18][31] - The company achieved an adjusted net income of RMB1.2 million (US$0.2 million) in Q2 2024, a significant improvement from adjusted net losses in the same quarter of the previous year and the first quarter of 2024 [2][28] - EHang maintained positive operating cash flow for the third consecutive quarter and raised US$76.2 million through an at-the-market equity offering, enhancing its liquidity position [2][17] Financial Highlights - Total revenues reached RMB102.0 million (US$14.0 million), a 919.6% increase from RMB10.0 million in Q2 2023 and a 65.3% increase from RMB61.7 million in Q1 2024 [2][18] - Gross profit was RMB63.7 million (US$8.7 million), up 957.3% year-over-year, with a gross margin of 62.4%, reflecting a 2.2 percentage points increase from the previous year [20] - Operating loss was RMB77.4 million (US$10.7 million), a slight increase from RMB75.3 million in Q2 2023, while adjusted operating loss improved by 90.9% year-over-year to RMB4.7 million (US$0.6 million) [25][26] Operational Highlights - EHang delivered 49 units of the EH216 series in Q2 2024, the highest quarterly delivery volume in the company's history, compared to 5 units in Q2 2023 [2][18] - The company secured a production certificate for the EH216-S from the Civil Aviation Administration of China (CAAC), allowing for steady production ramp-up [3][4] - EHang has formed strategic partnerships with various entities, including China Southern Airlines for collaborative eVTOL operations and GBT for developing ultra-fast charging battery solutions [9][13] Business Developments - EHang signed significant purchase agreements, including a RMB113 million (US$15.5 million) order for 50 units of EH216-S in Shanxi and a plan for an additional 450 units [5] - The company is expanding its market presence in the Middle East, having completed its first passenger-carrying autonomous eVTOL flight in Abu Dhabi and Mecca [11][12] - EHang's applications for pilotless eVTOL Air Operator Certificates have been accepted by CAAC, paving the way for commercial operations [8]

GUANGZHOU, China, Aug. 12, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024 on Thursday, August 22, 2024, before the U.S. market opens. EHang’s management team will host an earnings conference call at 8:00 AM on Thursday, August 22, 2024, U.S. Eastern Time (8:00 PM on Thursday, Augus ...

Investment Rating - The report does not provide a specific investment rating for EHang Intelligent (EH.O) [1] Core Insights - EHang Intelligent is a leading eVTOL (electric vertical takeoff and landing) manufacturer, having obtained all three necessary certifications (TC, AC, PC), which positions it to accelerate commercialization [2][8] - The flagship product EH216-S has driven significant revenue growth, with 2023 revenue reaching 105 million yuan, a 159% year-on-year increase, accounting for 89% of total revenue [1][18] - EHang has over 1,500 orders in hand and is actively building an ecosystem with upstream partners to enhance its aviation energy system [2][9] Summary by Sections Company Overview - EHang Intelligent focuses on urban air mobility, with its business covering air traffic, smart city management, and aerial media [10][12] - The company was established in 2014 and went public on NASDAQ in 2019, becoming the first listed company in the urban air mobility sector [10][11] eVTOL Industry - The eVTOL industry is seen as a crucial player in the low-altitude economy, with a market potential exceeding 1 trillion yuan [5] - EHang is the first eVTOL company globally to have all three certifications (TC, AC, PC), ahead of competitors by 2-3 years, and is expected to be the first to obtain operational certification [2][8] Financial Projections - Revenue projections for EHang are as follows: 394 million yuan in 2024, 807 million yuan in 2025, and 1.205 billion yuan in 2026, with net profits expected to turn positive in 2026 [3][4] - The company has shown a strong revenue growth trajectory, with a significant increase in gross margin from 58.46% in 2019 to 64.13% in 2023 [19][21] Product Highlights - The EH216-S is a fully autonomous eVTOL that has received all necessary certifications, making it suitable for various applications including passenger transport, aerial sightseeing, and logistics [14][18] - The product features a maximum takeoff weight of 620 kg, a top speed of 130 km/h, and a range of 30 km [14][18] Market Position and Strategy - EHang has established strong partnerships with companies like GAC Group and others in the energy system sector to enhance its technological capabilities [9][10] - The company is actively participating in the development of the low-altitude economy, which has been elevated to a national strategy in China [5][8]

Price pullbacks are healthy for the stock market, happening at a 15% correction every other year on average. The recent market correction offers flying car stocks to watch an opportunity for the big future play.Whether one calls them air taxis, eVTOLs or flying cars, electrified air transportation is a natural outgrowth of miniature quadcopter technology. Across many variations, their main advantage is to take off and land vertically in urban zones without producing enormous noise like helicopters.Not count ...

GUANGZHOU, China, July 29, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, today announced that it has delivered the first batch of 10 units of EH216-S pilotless electric vertical takeoff and landing ("eVTOL") aircraft to Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. ("Xishan Tourism") in the second quarter of this year, and completed debut passenger-carrying flights of E ...

GUANGZHOU, China, July 29, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, today announced that it has delivered the first batch of 10 units of EH216-S pilotless electric vertical takeoff and landing (“eVTOL”) aircraft to Taiyuan Xishan Ecological Tourism Investment Construction Co., Ltd. (“Xishan Tourism”) in the second quarter of this year, and completed debut passenger-carrying flights of ...

Investment Rating - Strong Buy (First Coverage) with a target price of $20.9, compared to the current price of $12.30 [1] Core Views - The company is a leading eVTOL manufacturer in China with significant first-mover advantages, particularly with its flagship product EH216-S, which has obtained global first-mover certifications (TC, PC, AC) from the Civil Aviation Administration of China (CAAC) [1][13] - The eVTOL industry is entering a golden stage of rapid development, driven by policy support and the gradual opening of low-altitude airspace [1][7] - The company's revenue is expected to grow significantly, with projected revenues of RMB 385 million, RMB 637 million, and RMB 957 million for 2024, 2025, and 2026, respectively [1][8] Company Overview - Founded in 2014, the company has developed multiple eVTOL models, with EH216-S being its flagship product, featuring an eight-axis, sixteen-propeller distributed electric drive system [13][14] - The company has a strong R&D focus, with over 50% of its employees engaged in R&D activities [1][17] - Revenue in 2023 reached RMB 117 million, a 165% YoY increase, driven by the delivery of 52 EH216-S units, up from 21 units in 2022 [20][21] Industry Analysis - The eVTOL industry is supported by favorable policies, with low-altitude economy being designated as a strategic emerging industry in China [7][29] - eVTOLs offer significant advantages over traditional aircraft, including safety, efficiency, and cost-effectiveness, with domestic manufacturers leading global progress [7][24] - The industry is expected to see a "blossoming" phase starting in 2026, with multiple eVTOL models expected to receive TC certifications [7][39] Competitive Advantages - The company's EH216-S has a significant first-mover advantage, being the first eVTOL to obtain TC, PC, and AC certifications globally [1][43] - The company has established strategic partnerships with multiple local governments and enterprises, facilitating product promotion and market penetration [1][45] - The company's multi-rotor design, unmanned operation, and competitive pricing strategy give it a strong position in the urban short-to-medium distance air mobility market [1][44] Financial Projections - The company's revenue is expected to grow rapidly, driven by increased eVTOL deliveries, with projected revenues of RMB 385 million, RMB 637 million, and RMB 957 million for 2024, 2025, and 2026, respectively [1][8] - Gross margins are expected to remain stable at around 65%, supported by the company's leading position in the eVTOL market [48][49] - The company's valuation is based on a 15x PS multiple for 2025, resulting in a target price of $20.9 [8][50]