Chinese drone maker EHang's net loss widens,  revises 2025 revenue forecast

EHang Holdings

26/08/2025 09:40

Overview

EHang 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 maintains high gross margin of 62.6%, strengthens liquidity

Outlook

Company revises 2025 revenue guidance to approximately RMB500 mln

EHang focuses on expanding eVTOL operations and demonstration models

EHang 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/Miss
Actual
Consensus Estimate
Q2 Revenue
RMB 147.20 mln
Q2 Adjusted Net Income
RMB 9.40 mln
Q2 Net Income
-RMB 81 mln
Q2 Adjusted Operating Income
-RMB 1.90 mln
Q2 Gross Profit
RMB 92.10 mln
Q2 Operating Income
-RMB 78.10 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 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: ID:nGNX5dCXX8

(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.)