Investment Rating - The investment rating for the company is "Buy" and it is maintained [3][8]. Core Insights - The company reported Q2 revenue of 100 million yuan, a year-on-year increase of 920%, exceeding the previous guidance of 90 million yuan. The adjusted net profit turned positive at 1.2 million yuan, with a gross margin of 62.4%, up by 2.2 percentage points year-on-year. Operating cash flow has been positive for three consecutive quarters [1]. - The company is expected to obtain the Operational Certificate (OC) within the year, with continuous order expansion. In April, the company received the production license for the EH216-S model, allowing for mass production at its facility in Guangdong. Orders from various clients, including government and tourism operators, have significantly increased [1][2]. - For Q3 2024, the company anticipates revenue of 123 million yuan, representing a year-on-year growth of 330% and a quarter-on-quarter increase of 21% [1]. Summary by Sections Q2 Performance Overview - Revenue reached 100 million yuan, up 920% year-on-year, surpassing guidance of 90 million yuan. Adjusted net profit was 1.2 million yuan, marking a return to profitability. Gross margin stood at 62.4%, an increase of 2.2 percentage points year-on-year. Positive operating cash flow for three consecutive quarters [1]. Domestic Business - The company is on track to obtain the OC and is expanding orders. In April, it received the EH216-S production license, enabling mass production. Significant orders were secured from various clients, including a 50-unit order from Shanxi tourism and a 30-unit order from the government of Wencheng County, Zhejiang [1][2]. International Business - The company is expanding into the Middle East market, collaborating with Multi Level Group and the Abu Dhabi Investment Office. Successful test flights of the EH216-S were conducted in Abu Dhabi and Saudi Arabia [1]. Q3 2024 Guidance - The company expects Q3 revenue of 123 million yuan, a 330% year-on-year increase and a 21% quarter-on-quarter increase [1].

Alones Creative In Q2 2024, EHang (NASDAQ:EH) reported a nine-fold increase in unit sales of its EH-216 aircraft, a 920% increase in revenue and continued positive cash flow. Management guided to future 3 figure percentage revenue growth and expect this explosive growth to last for three to five years. In this article, I look at the probability that this explosive growth will continue and try to estimate when and if EHang can make a profit, eventually deciding that EHang is undervalued by more than 100%. Th ...

Investment Rating - The report maintains a "Buy" rating for EHang Holdings (EH O) with a target price of $22, corresponding to a 35x 2026e P/E [1] Core Views - EHang achieved a significant turnaround in Q2 2024, with revenue of RMB 102 million, surpassing the guidance of RMB 90 million, representing a 920% YoY and 65% QoQ growth [1] - The company delivered 49 EH216-S units in Q2, a 9x YoY increase and a record high, with gross margin improving to 62 4% [1] - EHang expects Q3 2024 revenue to reach RMB 123 million, a 330% YoY increase, with triple-digit growth expected in the coming quarters [1] - The company has over 1,000 pre-orders for EH216-S, with domestic orders exceeding 1,100 units since Q4 2023 [1] - EHang's OC application has been accepted by the CAAC, with the first OC expected to be approved within 2024, paving the way for commercial applications [1] - The company plans to increase its annual production capacity to over 1,000 units by 2025, supported by factory expansions and automation improvements [1] Financial Performance - EHang's Q2 2024 non-GAAP net income was RMB 1 25 million, achieving profitability two quarters ahead of expectations [1] - The company's cash and cash equivalents stood at RMB 990 million as of Q2 2024, with no further ATM issuances planned for 2024 [1] - EHang's revenue is projected to grow from RMB 428 million in 2024 to RMB 1 31 billion in 2026, with non-GAAP net income turning positive in 2025 [1][12] Operational Highlights - EHang has established operational bases in key locations such as Shenzhen, Hefei, Guangzhou, and Zhuhai, with plans to expand low-altitude tourism applications [1] - The company has signed strategic partnerships, including a memorandum with China Southern Airlines General Aviation, to establish demonstration sites for EH216-S operations [1] - EHang is collaborating with GAC Group and other partners to expand production capacity and enhance key component development, particularly in battery technology [1] Market Position and Growth Potential - EHang is positioned as a leader in the urban air mobility (UAM) sector, with significant growth potential driven by increasing demand for eVTOL solutions [1] - The company's strong order backlog and expanding production capacity support its growth trajectory, with delivery volumes expected to increase significantly in the coming years [1][12]

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 ...

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 ...