EHang announces Q4 2024 and full year results: “216 EH-216 eVTOLs delivered, with positive cash flow”

EHang Holdings has actually revealed its unaudited monetary outcomes for the 4th quarter and finished December 31, 2024.

Functional and monetary highlights for the 4th Quarter of 2024 consist of:

• EH216 collection eVTOL sales and distributions accomplished a record-high of 78 devices, standing for a 239.1% rise from 23 devices in the 4th quarter of 2023, and a 23.8% rise from 63 devices in the 3rd quarter of 2024.
• Complete earnings got to a record-high of RMB164.3 million (USD22.5 million), up 190.2% YoY from RMB56.6 million in the 4th quarter of 2023, and up 28.2% QoQ from RMB128.1 million in the 3rd quarter of 2024.
• Gross margin was 60.7%, a little below 64.7% in the 4th quarter of 2023, and on the same level with 61.2% in the 3rd quarter of 2024.
• Operating loss was RMB55.4 million (USUSD7.6 million), standing for a 26.4% enhancement from RMB75.2 million in the 4th quarter of 2023 and on the same level with RMB54.7 million in the 3rd quarter of 2024.
• Readjusted running earnings ³ ( non-GAAP) was RMB27.9 million (USD3.8 million), a substantial enhancement from a modified operating loss ³ of RMB24.9 million in the 4th quarter of 2023 and a 208.2% rise from RMB9.0 million in the 3rd quarter of 2024.
• Bottom line was RMB46.9 million (USD6.4 million), standing for a 35.3% enhancement from RMB72.5 million in the 4th quarter of 2023, and a 2.6% enhancement from RMB48.1 million in the 3rd quarter of 2024.
• Readjusted earnings ¹ ( non-GAAP) was RMB36.4 million (USD5.0 million), a substantial enhancement from a modified bottom line ¹ of RMB22.1 million in the 4th quarter of 2023, and a 132.3% rise from RMB15.7 million in the 3rd quarter of 2024, the 3rd successive quarter of non-GAAP success ¹
• Cash money and money matchings, limited temporary down payments and temporary financial investments equilibriums were RMB1,154.9 million (USD158.2 million) since December 31, 2024.
• Favorable operating capital proceeded for the 5th successive quarter.
• Calculated pipeline financial investments of over USD22 million from Zhuhai Enpower Electric Co., Ltd. (Enpower) and a calculated institutional capitalist from Center East.

Functional and monetary highlights for the 2024 consist of:

• EH216 collection eVTOL sales and distributions were 216 devices, a 315.4% rise from 52 devices in 2023.
• Complete earnings got to a record-high of RMB456.2 million (USD62.5 million), up 288.5% from RMB117.4 million in 2023.
• Gross margin was 61.4%, a small decline from 64.1% in 2023.
• Operating loss was RMB253.4 million (USD34.7 million), a 14.5% enhancement from RMB296.3 million in 2023.
• Readjusted running earnings ( non-GAAP) was RMB19.7 million (USD2.7 million), a substantial enhancement from a modified operating loss ³ ( non-GAAP) of RMB144.8 million in 2023.
• Bottom line was RMB230.0 million (USD31.5 million), a 23.9% enhancement from RMB302.3 million in 2023.
• Readjusted earnings ¹ ( non-GAAP) was RMB43.1 million (USD5.9 million), a substantial enhancement from a modified bottom line ¹ ( non-GAAP) of RMB138.8 million in 2023, while providing the Firm’s initial year of non-GAAP success ¹
• Cash money and money matchings, temporary down payments, limited temporary down payments and temporary financial investments equilibriums were RMB1,154.9 million (USD158.2 million) since December 31, 2024, a 245.7% rise from RMB334.1 million since December 31, 2023.
• Favorable operating capital for the initial year with a web money inflow from running tasks of around RMB160 million (USD21.9 million) in 2024.

To learn more

https://ir.ehang.com/news-releases/news-release-details/ehang-reports-fourth-quarter-and-fiscal-year-2024-unaudited