EHang(US:EH)2025-05-26 20:31Financial Performance - Total revenues for Q1 2025 were RMB 26092 thousand, a decrease of 577% year-over-year compared to RMB 61727 thousand in Q1 2024[41] - Gross profit for Q1 2025 was RMB 16293 thousand, a decrease of 573% year-over-year compared to RMB 38191 thousand in Q1 2024[41] - Gross margin increased slightly to 624% in Q1 2025, a 05 percentage point increase compared to 619% in Q1 2024[41] - Adjusted net loss for Q1 2025 was RMB 31128 thousand, compared to an adjusted net loss of RMB 10103 thousand in Q1 2024, representing a 2081% increase in loss[41] - Cash and cash equivalents, short-term investments, and restricted short-term deposits totaled RMB 1114359 thousand[42] Operational Highlights - Two EH216-S operators received Air Operator Certificates (OCs) from the CAAC, paving the way for commercial pilotless eVTOL operations in China[14, 18] - The CAAC officially accepted the Type Certificate application for the next-generation long-range pilotless human-carrying lift-and-cruise eVTOL "VT35"[19] - The company commenced expansion of its Yunfu production base, aiming to double the factory space to 48000 square meters and increase annual production capacity to 1000 units by the end of the year[21] - EHang announced a strategic partnership to build a new eVTOL production base in Hefei[22] - Over 66000 safe pilotless flights have been conducted in 19 countries across Asia, Europe, and the Americas as of March 31, 2025[24, 27, 30]