peepo Introduction EHang Holdings Limited (NASDAQ:EH) is a Chinese start-up focused on developing and manufacturing passenger-carrying eVTOL aircraft. The company's key product is the EH216, a two-seat pilotless multicopter designed for intracity air mobility. The EH216 is also the only eVTOL model in China that has received all certifications for commercial operation. I initiated coverage on EHang in April with a positive view of its first-mover advantage in China's eVTOL market. However, the stock has cor ...

A surprise profit on the bottom line helped lift the drone company's U.S.-listed equity sharply higher.EHang Holdings (EH 16.44%) was flying high as the trading week came to a close. On Thursday, its American depositary receipts (ADRs) blew up on the stock market, rising to book a more-than 16% price gain on the day. It was little wonder, as the Chinese aerial-vehicle company posted a surprise net-income figure in its latest-reported quarter. By contrast, the S&P 500 index was grounded, posting a decline of ...

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 ...

Quarterly Revenues Up 919.6% YoY, Highest Growth Rate in Company HistoryAchieved Quarterly Adjusted Net Income3 (non-GAAP)Maintained Positive Operating Cash Flow for the Third Consecutive QuarterStrengthened Liquidity Position with US$76.2 Million Raised Year-to-Date through an At-the-Market Equity Offering, Which Will Not Continue for Remainder of 2024Secured EH216-S Production Certificate from CAAC for a Steady Production Ramp-UpSizeable New Orders in China (Shanxi, Zhejiang and Hong Kong)Pilotless eVTOL ...

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 ...

证券研究报告 | 2024年08月11日 亿航智能（EH.O） 无评级 低空经济领先企业，集齐适航三证，商业化落地有望加速 领先 eVTOL（电动垂直起降飞行器）制造商，旗舰产品交付带动业绩高增长。 亿航智能 2019 年在纳斯达克挂牌上市，是全球首家上市的空中交通科技企 业，业务涵盖空中交通、智慧城市管理和空中媒体三大板块。单机适航取证 后 EH216-S 交付带动业绩增长，空中交通业务逐渐占据主导地位，2023 年实 现营收 1.05 亿元，同比增长 159%，占公司总营收（1.17 亿元）的 89%。基 于不同的业务用途，亿航产品包括 EH216 系列、VT 系列、天鹰 B 和 GD 系列。 首个"三证齐全"eVTOL（电动垂直起降飞行器）企业，预计先进入运营阶 段。作为民用航空器，eVTOL 从设计到商业落地需取得型号合格证（TC）、 单机适航证（AC）、生产许可证（PC）、运营合格证(OC）。型号许可证审 查环节复杂，涉及各类测试和考核，取证周期可达 3-5 年。目前，亿航智能 是全球首家"三证齐全"（TC、PC、AC）eVTOL 企业，进度快于同行企业 2-3 年，且预计率先获得运营许可。作为未来 ...

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]