The Zhitong Finance App learned that on March 22, EH.US (EH.US) announced financial results for the fourth quarter and full year of FY2022. Financial reports show that Ehang Smart's Q4 revenue was 15.7 million yuan (RMB, same below), up 80.2% year on year and 90.7% month on month. The net loss was 1101 million yuan, compared to 104.5 million yuan in the same period last year. The basic and diluted loss per ADS was $1.90, compared to a loss of $1.86 per share for the same period last year.

Gross profit was 10.4 million yuan, an increase of 91.1% over the previous quarter; gross margin was 66.1%, compared to 65.9% in the previous quarter. The adjusted net loss was $59.4 million, and the basic and diluted loss per ADS was $1.02.

The sales and delivery volume of the EH216AAV in the fourth quarter was 6 units, compared to 4 in the previous quarter.

In terms of annual results, the company's revenue was 44.3 million yuan (RMB, same below), compared to 56.8 million yuan in the same period last year. Net loss was $329.3 million, compared to $313.9 million for the same period last year. The basic and diluted loss per ADS was $5.72, compared to a loss of $5.62 per share for the same period last year.

The sales and delivery volume of the EH216AAV for the whole year was 21 units, compared to 30 last year.

As of December 31, 2022, the balance of cash, cash equivalents, restricted cash and short-term investments was $249.3 million.

EH216-S airworthiness certification process has been completed over 90%, according to EH216-S. Currently, the company's EH216-S order channel has exceeded 100 units, and it continues to grow in the Chinese market. Most of these orders are conditional on the company completing the airworthiness certification, and it is expected that the orders will be fulfilled within one to three years after the airworthiness certification is completed.