GUANGZHOU, China, Dec. 30, 2024 (GLOBE NEWSWIRE) — EHang Holdings Restricted (EHang or the Firm) (Nasdaq: EH), the world’s main City Air Mobility (UAM) know-how platform firm, at the moment introduced the preliminary revenues for the fourth quarter and monetary 12 months ended December 31, 2024, beating the earlier income steering within the earnings launch for the third quarter of 2024.
- Whole (EPA:) revenues for the fourth quarter 2024 are anticipated to achieve RMB162 million, representing a rise of 20% from the steering of RMB135 million, and a year-over-year improve of 187% from RMB56.6 million within the fourth quarter of 2023.
- Whole revenues for the fiscal 12 months 2024 are anticipated to achieve RMB454 million, representing a rise of 6% from the steering of RMB427 million, and a year-over-year improve of 287% from RMB117.4 million in 2023.
The upward efficiency displays stronger-than-expected market demand for EHang’s flagship EH216-S pilotless passenger-carrying aerial autos, key operational milestones, and rising momentum within the Firm’s enterprise.
About EHang
EHang (Nasdaq: EH) is the world’s main city air mobility (UAM) know-how platform firm. Our mission is to allow secure, autonomous, and eco-friendly air mobility accessible to everybody. EHang supplies prospects in varied industries with unmanned aerial automobile (UAV) programs and options: air mobility (together with passenger transportation and logistics), sensible metropolis administration, and aerial media options. EHang’s flagship product EH216-S has obtained the world’s first kind certificates, manufacturing certificates and commonplace airworthiness certificates for pilotless eVTOL issued by the Civil Aviation Administration of China. Because the forerunner of cutting-edge UAV applied sciences and industrial options within the world UAM business, EHang continues to discover the boundaries of the sky to make flying applied sciences profit our life in sensible cities. For extra info, please go to  www.ehang.com.
Secure Harbor Assertion
All monetary information on this launch are preliminary and unaudited and don’t current all info crucial for an understanding of our outcomes of operations for the quarter ended December 31, 2024. Our precise outcomes might differ from the preliminary estimates because of the completion of regular quarter-end accounting procedures and changes, together with the completion of our monetary closing and different operational procedures, remaining changes, and different developments which will come up between now and the time the monetary outcomes for the three months ended December 31, 2024 are finalized. Our precise monetary outcomes and extra particulars relating to our efficiency for the fourth quarter ended December 31, 2024 will probably be offered in accordance with the Firm’s commonplace reporting calendar.
This press launch incorporates statements which will represent forward-looking statements pursuant to the secure harbor provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology similar to will, expects, anticipates, goals, future, intends, plans, believes, estimates, more likely to and comparable statements. Statements that aren’t historic information, together with statements about administration’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a few components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to these referring to certifications, our expectations relating to demand for, and market acceptance of, our merchandise and options and the commercialization of UAM providers, {our relationships} with strategic companions, and present litigation and potential litigation involving us. Administration has primarily based these forward-looking statements on its present expectations, assumptions, estimates and projections. Whereas they imagine these expectations, assumptions, estimates and projections are affordable, such forward-looking statements are solely predictions and contain recognized and unknown dangers and uncertainties, lots of that are past administration’s management. These statements contain dangers and uncertainties which will trigger EHang’s precise outcomes, efficiency or achievements to vary materially from any future outcomes, efficiency or achievements expressed or implied by these forward-looking statements.
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