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]