EHang Expects to Report Record Fourth Quarter 2024 Results, Beating Revenue Guidance by 20%

Core Insights - EHang Holdings Limited reported preliminary revenues for Q4 and fiscal year 2024, exceeding previous guidance and reflecting strong market demand for its products [1][2][3] Financial Performance - Q4 2024 revenues are expected to reach RMB162 million, a 20% increase from the guidance of RMB135 million, and a year-over-year increase of 187% from RMB56.6 million in Q4 2023 [2] - Total revenues for fiscal year 2024 are projected to be RMB454 million, representing a 6% increase from the guidance of RMB427 million, and a year-over-year increase of 287% from RMB117.4 million in 2023 [2] Market Demand and Product Performance - The revenue growth is attributed to stronger-than-expected market demand for EHang's flagship EH216-S pilotless passenger-carrying aerial vehicles, along with key operational milestones and growing business momentum [3]