Overview
EHang Q3 revenue declines to RMB92.5 mln, reflecting lower EH216 series sales
Net loss for Q3 widens to RMB82.1 mln from RMB48.1 mln last year
Company maintains full-year revenue guidance of RMB500 mln
Outlook
EHang maintains full-year revenue guidance of RMB500 mln
Company launches Thailand AAM Sandbox for overseas commercial operations
Result Drivers
VT35 LAUNCH - EHang unveiled the VT35, a next-generation eVTOL model for intercity air mobility, with initial deliveries started in Q3
GLOBAL EXPANSION - EHang expanded its global footprint with initiatives in Thailand, Qatar, Japan, Kazakhstan, and Rwanda
SALES DECLINE - Decreased sales volume of EH216 series products drove lower Q3 revenue
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | RMB 92.50 mln | ||
Q3 Adjusted Net Income | -RMB 20.30 mln | ||
Q3 Net Income | -RMB 82.10 mln | ||
Q3 Adjusted Operating Income | -RMB 29.90 mln | ||
Q3 Gross Profit | RMB 56.20 mln | ||
Q3 Operating Income | -RMB 91.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "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 $22.13, about 39.3% above its November 25 closing price of $13.43
The stock recently traded at 82 times the next 12-month earnings vs. a P/E of 777 three months ago
Press Release: ID:nGNX5Mqps4
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(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.)