Overview

* EHang ( EH ) Q2 rev rises 44.2% yr/yr, 464% qtr/qtr to RMB147.2 mln

* Company posts net loss of RMB81.0 mln, despite revenue growth

* EHang ( EH ) maintains high gross margin of 62.6%, strengthens liquidity

Outlook

* Company revises 2025 revenue guidance to approximately RMB500 mln

* EHang ( EH ) focuses on expanding eVTOL operations and demonstration models

* EHang ( EH ) plans public commercial service launch for EH216-S this year

Result Drivers

* SALES VOLUME - Increased sales of EH216 series eVTOL aircraft drove revenue growth, with 68 units delivered in Q2 2025, up from 49 units in Q2 2024 and 11 units in Q1 2025

* GROSS MARGIN - Maintained high gross margin of 62.6%, consistent with previous quarters

* LIQUIDITY - Strengthened liquidity with US$23.8 mln from at-the-market equity offering, supporting development and growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 RMB

Revenue 147.20

mln

Q2 RMB 9.40

Adjusted mln

Net

Income

Q2 Net -RMB 81

Income mln

Q2 -RMB

Adjusted 1.90 mln

Operatin

g Income

Q2 Gross RMB

Profit 92.10

mln

Q2 -RMB

Operatin 78.10

g Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for EHang Holdings Ltd ( EH ) is $27.00, about 34.1% above its August 25 closing price of $17.79

* The stock recently traded at 745 times the next 12-month earnings vs. a P/E of 175 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)