EHang Holdings Ltd. announced its unaudited financial results for the first quarter of 2025, revealing a significant decline in revenue.
Total revenues for the quarter were reported at RMB26.1 million (US$3.6 million), a decrease from RMB61.7 million in the first quarter of 2024 and RMB164.3 million in the fourth quarter of 2024.
The adjusted net loss attributable to EHang's ordinary shareholders was RMB30.8 million (US$4.2 million), compared to an adjusted net loss of RMB10.0 million in the same quarter last year and an adjusted net income of RMB36.4 million in the previous quarter.
The company attributed the revenue decline to the timing of customer procurement plans aligning with the issuance of the first Air Operator Certificates (OCs) at the end of March.
However, EHang reported a rebound in the second quarter, with increasing sales and deliveries.
In terms of business outlook, EHang has maintained its annual revenue guidance for fiscal year 2025 at around RMB900 million.
Additionally, the company is exploring potential options for a stock listing outside the United States, alongside its primary listing on Nasdaq.
EHang continues its efforts in production expansion with ongoing developments in Yunfu and a new factory plan in Hefei.
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