亿航智能（EH.O） 优于大市 单四季度收入同比增长 48%，EH216-S 将于 3 月在国内启动商业运营 2025Q4 亿航智能实现营业收入 2.44 亿元，同比增长 48%。2025 年，亿航智 能总收入为 5.10 亿元，同比+11.7%；净利润为-2.31 亿元，去年同期为 -2.30 亿元；调整后净利润为人民币 2943.9 万元，去年同期为 4309.2 万元，连续第二年实现调整后盈利。拆单季度看，2025Q4，亿航智能总 收入为 2.44 亿元，同比+48.4%，环比+163.6%；净利润为 1054.2 万元， 首次实现 GAAP 准则下季度盈利，去年同期为-4687.7 万元，25Q3 为 -8211.2 万元；调整后净利润为人民币 7145.1 万元，去年同期为 3682.2 万元，25Q3 为-2031.3 万元。2025Q4，公司 eVTOL 的交付量为 100 架， 其中包括 95 架 EH216 系列和 5 架 VT35，而 2024Q4 EH216 系列的交付 量为 78 架，2025Q3eVTOL 的交付量为 42 架。 2025Q4，公司净利率同比+33pct。2025Q4 ...

EHang Holdings Limited Q4 2025 and FY 2025 Operational & Financial Highlights March 12, 2026 www.ehang.com 1 1 Disclaimer This presentation includes forward-looking statements, which are based on current expectations and forecast about future events. These statements can be recognized by the use of words such as "expect," "plan," "will," "estimate," "project," "intend," or words of similar meaning. These forward-looking statements are made only and are based on estimates and information available to the Com ...