GUANGZHOU, China, December 30, 2024 (GLOBE NEWSWIRE) — EHang Holdings Restricted (EHang or the Firm) (Nasdaq: EH), a worldwide chief in city air mobility (UAM) expertise platforms, at present introduced preliminary revenues from fourth quarter and monetary 12 months ended December 31, 2024, exceeding earlier income steerage within the third quarter 2024 earnings launch.
- Complete (EPA:) fourth quarter 2024 income are anticipated to succeed in RMB 162 million, a rise of 20% from the forecast of RMB 135 million, and a year-over-year enhance of 187% from RMB 56.6 million within the fourth quarter of 2023 .
- Complete income for fiscal 12 months 2024 are anticipated to succeed in RMB 454 million, a rise of 6% from the forecast of RMB 427 million, and a year-on-year enhance of 287% from 2023’s RMB 117.4 million.
This upward efficiency displays stronger-than-expected market demand for EH216-S unmanned passenger aerial autos, EHang’s flagship product, key operational milestones and rising momentum within the firm’s enterprise.
About EHang
EHang (Nasdaq: EH) is the worldwide chief in city air mobility (UAM) expertise platforms. Our mission is to allow protected, autonomous and environmentally pleasant air mobility, accessible to all. EHang offers prospects in varied industries with unmanned aerial automobile (UAV) programs and options: air mobility (together with passenger transportation and logistics), good metropolis administration and aerial media options. EHang’s flagship product, the EH216-S, has obtained the world’s first normal kind certificates, manufacturing certificates and airworthiness certificates for unmanned eVTOL issued by the Civil Aviation Administration of China. As a pioneer of cutting-edge drone applied sciences and industrial options within the international UAM trade, EHang continues to discover the bounds of the sky for aerial applied sciences to learn our lives in good cities. For extra data, please go to www.ehang.com.
Protected Harbor Assertion
All monetary information on this launch is preliminary and unaudited and doesn’t present all the data essential to grasp our working outcomes for the quarter ended December 31, 2024. Our precise outcomes could differ from preliminary estimates because of the completion of the traditional quarter. -closing accounting procedures and changes, together with the completion of our monetary shut and different operational procedures, closing changes and different developments which will come up between now and the finalization of economic outcomes for the quarter ended December 31, 2024 Our precise monetary outcomes and extra particulars relating to our efficiency for the fourth quarter ended December 31, 2024 might be supplied in accordance with the Firm’s normal reporting schedule.
This press launch incorporates statements which will represent forward-looking statements pursuant to the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology akin to will, expects, anticipates, goals, future, intends, plans, believes, estimates, is prone to and comparable statements. Statements that aren’t historic info, together with statements relating to administration’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A variety of components might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with, however not restricted to, these regarding certifications, our expectations relating to utility and acceptance by the marketplace for our merchandise and options and the advertising of UAM companies, {our relationships} with strategic companions and present and potential litigation involving us. Administration has primarily based these forward-looking statements on its present expectations, assumptions, estimates and projections. Though such expectations, assumptions, estimates and projections are believed to be affordable, such forward-looking statements are solely predictions and contain identified and unknown dangers and uncertainties, lots of that are past administration’s management. These statements contain dangers and uncertainties which will trigger the precise outcomes, efficiency or achievements of EHang to vary materially from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements.
Investor contact: ir@ehang.com
Media Contact: pr@ehang.com
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