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EHang Reports First Quarter 2024 Unaudited Financial Results

EHang Reports First Quarter 2024 Unaudited Financial Results

億恒公佈2024年第一季度未經審計的財務業績
億航智能 ·  05/20 12:00
  • Quarterly Revenues Increased by 178.0% YoY
  • Achieved Positive Operating Cash Flow for the Second Consecutive Quarter
  • Secured Production Certificate from CAAC, Clearing Path for Mass Production of EH216-S
  • Growing Orders and Deliveries Boosted by Low-Altitude Economy Industry in China
  • Partnered with GBT for Ultra-Fast/eXtreme Fast Charging Batteries
  • Partnered with GAC to Strengthen Capability for Future Production
  • Expanded International Partnership and Demo Flights in UAE, Spain, Costa Rica and Japan
  • 季度收入同比增長178.0%
  • 連續第二個季度實現正運營現金流
  • 獲得 CAAC 的生產證書,爲 EH216-S 的批量生產掃清了道路
  • 中國低海拔經濟產業推動了訂單和交付量的增長
  • 與 GBT 合作開發超快/極速快速充電電池
  • 與廣汽集團合作加強未來生產能力
  • 擴大國際合作夥伴關係,並在阿聯酋、西班牙、哥斯達黎加和日本進行演示航班

GUANGZHOU, China, May 20, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (Nasdaq: EH), the world's leading Urban Air Mobility ("UAM") technology platform company, today announced its unaudited financial results for the first quarter ended March 31, 2024.

中國廣州,2024年5月20日(GLOBE NEWSWIRE)——全球領先的城市空中交通(“UAM”)技術平台公司億航控股有限公司(“億航” 或 “公司”)(納斯達克股票代碼:EH)今天公佈了截至2024年3月31日的第一季度未經審計的財務業績。

Financial and Operational Highlights for the First Quarter 2024

2024年第一季度的財務和運營亮點

  • Total revenues were RMB61.7 million (US$8.5 million), representing a substantial increase of 178.0% from RMB22.2 million in the first quarter of 2023, and an increase of 9.1% from RMB56.6 million in the fourth quarter of 2023.
  • Operating loss was RMB65.8 million (US$9.1 million), representing a 13.1% improvement from RMB75.7 million in the first quarter of 2023 and a 12.4% improvement from RMB75.2 million in the fourth quarter of 2023.
  • Adjusted operating loss1 (non-GAAP) was RMB12.6 million (US$1.7 million), representing a 63.4% improvement from RMB34.3 million in the first quarter of 2023, and a 49.5% improvement from RMB24.9 million in the fourth quarter of 2023.
  • Net loss was RMB63.4 million (US$8.8 million), representing a 27.2% improvement from RMB87.0 million in the first quarter of 2023, and a 12.5% increase from RMB72.5 million in the fourth quarter of 2023.
  • Adjusted net loss2 (non-GAAP) was RMB10.1 million (US$1.4 million), representing a 69.9% improvement from RMB33.6 million in the first quarter of 2023, and a 54.4% improvement from RMB22.1 million in the fourth quarter of 2023.
  • Cash and cash equivalents, short-term deposits and short-term investments balances were RMB323.8 million (US$44.9 million) as of March 31, 2024.
  • Positive cash flow from operations were achieved in the first quarter of 2024. This is the second consecutive quarter that the Company generated positive cash flow from operations.
  • Sales and deliveries of EH216 series products3 were 26 units, more than doubling 11 units in the first quarter of 2023, and compared with 23 units in the fourth quarter of 2023.
  • 總收入爲人民幣6,170萬元(合850萬美元),較2023年第一季度的人民幣2220萬元大幅增長178.0%,較2023年第四季度的人民幣5,660萬元增長9.1%。
  • 營業虧損爲人民幣6,580萬元(合910萬美元),較2023年第一季度的人民幣7,570萬元增長了13.1%,較2023年第四季度的人民幣7,520萬元增長了12.4%。
  • 調整後的營業虧損1 (非公認會計准則)爲人民幣1,260萬元(合170萬美元),較2023年第一季度的人民幣3,430萬元增長了63.4%,較2023年第四季度的人民幣2,490萬元增長了49.5%。
  • 淨虧損爲人民幣6,340萬元(合880萬美元),較2023年第一季度的人民幣8,700萬元增長了27.2%,較2023年第四季度的人民幣7,250萬元增長了12.5%。
  • 調整後的淨虧損2 (非公認會計准則)爲人民幣1,010萬元(合140萬美元),較2023年第一季度的人民幣3,360萬元增長了69.9%,較2023年第四季度的人民幣2,210萬元增長了54.4%。
  • 截至2024年3月31日,現金及現金等價物、短期存款和短期投資餘額爲人民幣3.238億元(合4,490萬美元)。
  • 2024年第一季度實現了正的運營現金流。這是公司連續第二個季度從運營中產生正現金流。
  • EH216 系列產品的銷售和交付3 爲26套,2023年第一季度增長了11個單位的兩倍多,而2023年第四季度爲23套。

Business Highlights for the First Quarter 2024 and Recent Developments

2024年第一季度的業務亮點和近期發展

  • Secured Production Certificate from CAAC, Clearing Path for Mass Production of EH216-S
  • 獲得 CAAC 的生產證書,爲 EH216-S 的批量生產掃清了道路

EHang successfully obtained the Production Certificate ("PC") for its EH216-S passenger-carrying pilotless electric vertical takeoff and landing ("eVTOL") aircraft. The PC was issued by the Civil Aviation Administration of China ("CAAC") and it allows EHang to mass produce EH216-S. Following the groundbreaking obtainment of the Type Certificate ("TC") and the Standard Airworthiness Certificate ("AC") for the EH216-S, the world's first PC in the global eVTOL industry is another remarkable achievement and a noteworthy leap forward to mass production for the eVTOL aircraft and the upcoming commercial operations.

億航成功獲得其 EH216-S 載客無人駕駛電動垂直起降(“eVTOL”)飛機的生產證書(“PC”)。該個人電腦由中國民用航空總局(“CAAC”)發佈,它允許億航批量生產 EH216-S。繼突破性地獲得 EH216-S 的型號證書(“TC”)和標準適航證書(“AC”)之後,全球 eVTOL 行業的全球第一臺 PC 是另一項了不起的成就,也是 eVTOL 飛機和即將到來的商業運營向量產邁出的值得注意的飛躍。

  • Government Cooperation for UAM in Wuxi, China with Conditional Purchase Orders for 100 Units of EH216-S
  • 政府與 UAM 在中國無錫開展合作,提供 100 臺 EH216-S 的有條件採購訂單

In March 2024, EHang cooperated with the local government of Wuxi, Jiangsu Province for UAM, and received conditional purchase orders for 100 units of EH216-S. The local government will provide support for EHang's future eVTOL operations in Wuxi across multiple use cases including passenger transportation, aerial sightseeing, firefighting and emergency. As part of the conditional purchase order, the Company has delivered 10 units of EH216-S to a customer in Wuxi in the first quarter of 2024.

2024 年 3 月,億航與江蘇省無錫市地方政府合作 UAM,並收到了 100 臺 EH216-S 的有條件採購訂單。當地政府將爲億航未來在無錫的eVTOL運營提供支持,包括客運、空中觀光、消防和應急等多種用例。作爲有條件採購訂單的一部分,該公司已於2024年第一季度向無錫的一位客戶交付了10臺 EH216-S。

  • Expanded UAM Project to Luohu District in Shenzhen, China
  • 將UAM項目擴展到中國深圳羅湖區

In January 2024, EHang expanded its UAM project in Shenzhen to include Luohu district in addition to Bao'an district. The Company forged a strategic partnership with the Bureau of Culture, Radio, Television, Tourism, and Sports of Luohu District for jointly developing aerial tourism and transportation services with EHang's pilotless eVTOL aircraft. A new UAM operation center is planned to be set up in the Luohu Sports & Leisure Park during 2024.

2024年1月,億航擴大了其在深圳的UAM項目,除了寶安區外,還包括羅湖區。該公司與羅湖區文化、廣播、電視、旅遊和體育局建立了戰略合作伙伴關係,與億航的無人駕駛eVTOL飛機共同開發航空旅遊和運輸服務。計劃於2024年在羅湖體育休閒公園設立一個新的UAM運營中心。

  • Cooperated with GAC to Strengthen Capability for Future Production
  • 與廣汽合作加強未來生產能力

In February 2024, EHang reached a strategic cooperation agreement with Guangzhou Automobile Company Co., Ltd. (601238.SH, 02238.HK, "GAC "), along with the Management Committee of Guangzhou Airport Economic Zone, and the Administrative Committee of Guangzhou Economic and Technological Development District, for facilitating the high-quality development of the low-altitude economy in Guangzhou. GAC is set to leverage its extensive expertise in smart manufacturing and its well-structured industrial chain to accelerate the future production, adoption and market expansion of EHang's passenger-carrying eVTOL aircraft.

2024年2月,億航與廣州汽車股份有限公司(601238.SH,02238.HK,“廣汽集團”),以及廣州空港經濟區管理委員會和廣州經濟技術開發區管委會達成戰略合作協議,以促進廣州低空經濟的高質量發展。GAC將利用其在智能製造方面的廣泛專業知識和結構完善的產業鏈,加速eHang的載客eVTOL飛機的未來生產、採用和市場擴張。

  • Formed Strategic Partnership with GBT to Jointly Develop World's First Ultra-Fast/eXtreme Fast Charging Batteries for eVTOL
  • 與GBT建立戰略合作伙伴關係,共同開發全球首款用於eVTOL的超快速/極限快速充電電池

In April 2024, EHang established a strategic partnership with Guangzhou Greater Bay Technology Co., Ltd. ("GBT"), a leading ultra-fast charging battery provider in China, for the research and development of the world's first Ultra-Fast Charging ("UFC")/eXtreme Fast Charging ("XFC") battery solutions for EHang's eVTOL aircraft. Based on EHang's eVTOL aircraft (including EH216-S, VT-30 and others), EHang and GBT will jointly develop eVTOL power cells, batteries, packs, charging piles and energy storage systems that meet the airworthiness standards of the CAAC as well as the 4H standards (i.e., high energy density, high cycle life, high instantaneous charge-discharge rate, and high safety), for the adaption and adoption of ultra-fast charging power batteries in EHang's eVTOL aircraft. Furthermore, EHang and GBT will gradually develop fast-charging piles, stations and other infrastructures to establish an ecosystem for future commercial operations.

2024年4月,億航與中國領先的超快充電電池供應商廣州大灣科技股份有限公司(“GBT”)建立了戰略合作伙伴關係,爲億航的eVTOL飛機研發全球首款超快速充電(“UFC”)/極限快速充電(“XFC”)電池解決方案。基於億航的eVTOL飛機(包括 EH216-S、VT-30 等),eHang和GBT將共同開發eVTOL動力電池、電池、電池組、充電樁和儲能系統,這些動力電池符合CAAC的適航標準以及4H標準(即高能量密度、高循環壽命、高瞬時充放電率和高安全性),以適應和採用超快充電功率億航的 eVTOL 飛機上的電池。此外,eHang和GBT將逐步開發快速充電樁、充電站和其他基礎設施,爲未來的商業運營建立生態系統。

  • Expansion in UAE: Sealed Strategic Collaboration with MLG and ADIO, Delivered 5 Units of EH216 Series and Completed Debut Flights in UAE
  • 在阿聯酋擴張:與 MLG 和 ADIO 達成戰略合作,交付了 5 架 EH216 系列飛機並完成了在阿聯酋的首次飛行

In the first quarter of 2024, EHang delivered 5 units of the EH216 series to Wings Logistics Hub, a customer from the United Arab Emirates ("UAE") with whom EHang had formed a long-term strategic partnership in December 2023 with a plan to purchase up to 100 units of the EH216 series.

2024年第一季度,億航向來自阿拉伯聯合酋長國(“阿聯酋”)的客戶Wings Logistics Hub交付了5臺 EH216 系列,億航於2023年12月與該公司建立了長期戰略合作伙伴關係,並計劃購買多達100臺 EH216 系列。

In April 2024, EHang partnered with Multi Level Group ("MLG"), a leading fintech Company in the Middle East and North Africa ("MENA") region, and the Abu Dhabi Investment Office ("ADIO") to drive eVTOL development in the UAE and beyond.

2024年4月,億航與中東和北非(“MENA”)地區領先的金融科技公司Multi Level Group(“MLG”)以及阿布扎比投資辦公室(“ADIO”)合作,推動阿聯酋及其他地區的eVTOL開發。

Additionally, EH216-S successfully completed a demo flight in Abu Dhabi in April, marking the first of its kind for passenger-carrying pilotless eVTOL in the UAE and Middle East. The EH216-F and EH216-L also completed debut flights in the UAE, showcasing a variety of UAM use scenarios for pilotless eVTOL aircraft.

此外,EH216-S 於 4 月在阿布扎比成功完成了一次演示飛行,這標誌着阿聯酋和中東首次進行載客無人駕駛 eVTOL。EH216-F 和 EH216-L 還完成了在阿聯酋的首次飛行,展示了無人駕駛 eVTOL 飛機的各種 UAM 使用場景。

  • Overseas Development: Partnership with Telefónica Tech in Spain, EH216-S Debut Flight in Latin America, UAM Center and Continuing Flights in Japan
  • 海外發展:與西班牙的Telefo'nica Tech合作、EH216-S 在拉丁美洲的首次飛行、UAM 中心和日本的持續航班

In February 2024, EHang entered into a strategic alliance with Telefónica Tech, a subsidiary of world-leading telecommunications service provider Telefonica. The two companies will partner up on network connectivity solutions for deploying UAM intelligent solutions in Europe and Latin America.

2024年2月,億航與世界領先的電信服務提供商西班牙電信的子公司Telefonica Tech建立了戰略聯盟。兩家公司將合作開發網絡連接解決方案,在歐洲和拉丁美洲部署UAM智能解決方案。

In March 2024, EH216-S successfully completed its debut flight in Costa Rica, Latin America for demonstrating aerial sightseeing and intra resort transportation use cases.

2024 年 3 月,EH216-S 成功完成了在拉丁美洲哥斯達黎加的首次飛行,演示了空中觀光和度假村內交通用例。

In March 2024, Japan's first UAM center was established in Tsukuba City, Ibaraki Prefecture. Developed by AirX in collaboration with Tsukuba Airlines, this state-of-the-art facility serves as a demonstration flight site, ground infrastructure, and maintenance base for EHang's various pilotless eVTOL aircraft in the region, including EH216-S. The EH216-S pilotless eVTOL aircraft has successfully conducted flights across 12 cities in Japan, showcasing its versatility in various use cases, including aerial sightseeing, island transportation, aerial logistics, and emergency services.

2024 年 3 月,日本首個 UAM 中心在茨城縣筑波市成立。這個最先進的設施由 AirX 與筑波航空合作開發,可用作 eHang 在該地區的各種無人駕駛 eVTOL 飛機(包括 EH216-S)的演示飛行場地、地面基礎設施和維護基地。EH216-S 無人駕駛 eVTOL 飛機已成功在日本 12 個城市進行飛行,展示了其在各種用例中的多功能性,包括空中觀光、島嶼運輸、空中物流和緊急服務。

  • Appointment of Co-Chief Operating Officer
  • 任命聯席首席運營官

In April 2024, EHang announced that the Board of Directors of the Company (the "Board") has appointed Mr. Zhao Wang as the Co-Chief Operating Officer ("Co-COO") of the Company, effective on April 9, 2024. Mr. Wang has extensive experience and expertise in information technology and operations management alongside a proven track record for successfully integrating these technologies into cultural tourism projects and related management for large corporations, business operations and strategic leadership. As Co-COO, Mr. Wang will oversee EHang's business operations, focusing on business development, product sales, marketing, commercial operations for UAM services.

2024 年 4 月,億航宣佈公司董事會(“董事會”)已任命王兆先生爲公司聯席首席運營官(“聯席首席運營官”),自 2024 年 4 月 9 日起生效。王先生在信息技術和運營管理方面擁有豐富的經驗和專業知識,並在成功將這些技術整合到文化旅遊項目和大型企業的相關管理、業務運營和戰略領導方面有着良好的記錄。作爲聯席首席運營官,王先生將監督億航的業務運營,重點是UAM服務的業務開發、產品銷售、市場營銷和商業運營。

Management Remarks

管理層備註

Mr. Huazhi Hu, EHang's Founder, Chairman and Chief Executive Officer, commented, "We are thrilled for continuing our strong growth in both operational and financial performance. Particularly noteworthy is our obtainment of the PC from the CAAC for our EH216-S. Receiving such a certification is a milestone that positions us as the pioneering entity in the global eVTOL industry, a significant stride towards mass production and commercial operations for eVTOL aircraft. The certification accomplishments, coupled with accelerated government support aimed at promoting the high-quality development of the low-altitude economy, also spurred a surge in inquiries and orders from diverse entities in China and overseas, including governments and scenic operators. Consequently, we achieved a new record high in deliveries for 26 units of EH216-S during the quarter and impressive revenue growth.

億航創始人、董事長兼首席執行官胡華志先生評論說:“我們很高興運營和財務業績持續強勁增長。特別值得注意的是,我們從 CAAC 購買了用於 EH216-S 的電腦。獲得這樣的認證是一個里程碑,它使我們成爲全球eVTOL行業的先驅實體,這是eVTOL飛機在批量生產和商業運營方面取得的重大進展。認證成果,加上旨在促進低海拔經濟高質量發展的政府加快支持,也刺激了包括政府和景區運營商在內的中國和海外不同實體的詢問和訂單激增。因此,我們在本季度創下26臺 EH216-S 的交付量創下了歷史新高,收入增長令人印象深刻。

With the EH216-S now equipped with all three certifications, we are poised to expedite our production and commercialization. This includes collaboration with regions where we have built up strategic partnerships to shape benchmark cities, showcasing the immense potential of the low-altitude economy. We also established a strategic partnership with GBT for the development of cutting-edge extreme fast charging batteries for eVTOL, paving the way for advancing high-efficiency operations in this sector.

由於 EH216-S 現已獲得所有三項認證,我們準備加快生產和商業化。這包括與我們建立戰略伙伴關係的地區合作,以塑造基準城市,展示低海拔經濟的巨大潛力。我們還與GBT建立了戰略合作伙伴關係,爲eVTOL開發尖端的極限快速充電電池,爲推進該領域的高效運營鋪平了道路。

Moreover, our international development is reinforced with the expansion of partnership and demo flights across the UAE, Spain, Costa Rica and Japan. Simultaneously, we are actively pursuing overseas validations of type certificate for EH216-S to streamline international order fulfillment and set the stage for broader market penetration.

此外,通過擴大合作伙伴關係以及在阿聯酋、西班牙、哥斯達黎加和日本的演示航班,我們的國際發展得到了加強。同時,我們正在積極推動 EH216-S 型號證書的海外驗證,以簡化國際訂單履行併爲更廣泛的市場滲透奠定基礎。

Looking ahead, we will remain focused on moving forward commercial EH216-S operations for a new phase of growth, catering to intra-city mobility needs while addressing other needs in global UAM by research and development, testing, and airworthiness certification efforts for VT-30, our pilotless passenger-carrying lift-and-cruise eVTOL model tailored for inter-city travel. As a frontrunner in the eVTOL industry, we remain steadfast in offering fully autonomous, safe, and environmentally friendly eVTOL experiences to a wider customer base worldwide to spearhead the development of the low-altitude economy."

展望未來,我們將繼續專注於推動商用 EH216-S 運營進入新的增長階段,滿足城市間出行需求,同時通過爲 VT-30 進行研發、測試和適航認證工作,滿足全球 UAM 的其他需求。是我們專爲城際旅行量身定製的無人駕駛載客升降和巡航 eVTOL 模型。作爲 eVTOL 行業的領跑者,我們堅定不移地向全球更廣泛的客戶群提供完全自動、安全和環保的 eVTOL 體驗,以引領低海拔經濟的發展。”

Mr. Conor Yang, EHang's Chief Financial Officer, stated, "Driven by our certifications and favorable government policies, we achieved stellar financial results. We exceeded our guidance with first-quarter revenue growing 178% year-over-year to reach RMB61.7 million, reflecting robust demand for our proprietary EH216 pilotless eVTOL vehicles.

億航首席財務官楊康納先生表示:“在我們的認證和有利的政府政策的推動下,我們取得了出色的財務業績。我們超出了預期,第一季度收入同比增長178%,達到人民幣6,170萬元,這反映了對我們專有的 EH216 無人駕駛eVTOL車輛的強勁需求。

We also delivered positive operating cash flow for the second consecutive quarter, underscoring an improvement in our financial situation. We believe our diligent preparation for commercial operations equips us for maintaining this upward trajectory and will further foster ongoing expansion while capitalizing on our core capabilities to propel growth within the UAM sector."

我們還連續第二個季度實現了正的運營現金流,這凸顯了我們財務狀況的改善。我們相信,我們爲商業運營所做的辛勤準備將使我們有能力保持這種上升勢頭,並將進一步促進持續擴張,同時利用我們的核心能力來推動UAM行業的增長。”

Financial Results for the First Quarter 2024

2024 年第一季度的財務業績

Revenues

收入

Total revenues were RMB61.7 million (US$8.5 million), representing an increase of 178.0% from RMB22.2 million in the first quarter of 2023, and an increase of 9.1% from RMB56.6 million in the fourth quarter of 2023. The year-over-year and quarter-over-quarter increases were primarily due to the increase in the sales volume of EH216 series products.

總收入爲人民幣6,170萬元(合850萬美元),較2023年第一季度的人民幣2220萬元增長178.0%,較2023年第四季度的人民幣5,660萬元增長9.1%。同比增長和同比增長主要是由於 EH216 系列產品的銷量增加。

Costs of revenues

收入成本

Costs of revenues were RMB23.5 million (US$3.2 million), compared with RMB8.0 million in the first quarter of 2023 and RMB20.0 million in the fourth quarter of 2023. The year-over-year and quarter-over-quarter increases were in line with the increase in the sales volume of EH216 series products.

收入成本爲人民幣2350萬元(合320萬美元),而2023年第一季度爲800萬元人民幣,2023年第四季度爲2,000萬元人民幣。同比增長和同比增長與 EH216 系列產品銷量的增長一致。

Gross profit and gross margin

毛利和毛利率

Gross profit was RMB38.2 million (US$5.3 million), representing an increase of 169.1% from RMB14.2 million in the first quarter of 2023, and an increase of 4.3% from RMB36.6 million in the fourth quarter of 2023. The year-over-year and quarter-over-quarter increases were primarily due to the increase in the sales volume of EH216 series products.

毛利爲人民幣3,820萬元(合530萬美元),較2023年第一季度的人民幣1,420萬元增長了169.1%,較2023年第四季度的人民幣3,660萬元增長了4.3%。同比增長和同比增長主要是由於 EH216 系列產品的銷量增加。

Gross margin was 61.9%, down 2.0 percentage points from 63.9% in the first quarter of 2023, and down 2.8 percentage points from 64.7% in the fourth quarter of 2023. The year-over-year and quarter-over-quarter decrease were mainly due to changes in revenue mix and increased cost per unit of the airworthiness certified EH216-S product.

毛利率爲61.9%,較2023年第一季度的63.9%下降了2.0個百分點,較2023年第四季度的64.7%下降了2.8個百分點。同比下降和同比下降主要是由於收入結構的變化以及適航認證的 EH216-S 產品的單位成本增加。

Operating expenses

運營費用

Total operating expenses were RMB107.7 million (US$14.9 million), compared with RMB91.5 million in the first quarter of 2023, and RMB114.5 million in the fourth quarter of 2023.

總運營支出爲人民幣1.077億元(合1,490萬美元),而2023年第一季度爲人民幣9,150萬元,2023年第四季度爲人民幣1.145億元。

  • Sales and marketing expenses were RMB20.2 million (US$2.8 million), compared with RMB12.4 million in the first quarter of 2023, and RMB20.7 million in the fourth quarter of 2023. The year-over-year increases were mainly attributed to the increased sales-related compensation and higher share-based compensation expenses for new grant of share-based awards.
  • General and administrative expenses were RMB49.7 million (US$6.9 million), compared with RMB25.0 million in the first quarter of 2023, and RMB55.6 million in the fourth quarter of 2023. The year-over-year increase was mainly attributed to higher share-based compensation expenses for new grant of share-based awards. The quarter-over-quarter decrease was mainly attributed to the lower expected credit loss expenses due to improvement in credit controls in the first quarter of 2024.
  • Research and development expenses were RMB37.8 million (US$5.2 million), compared with RMB54.1 million in the first quarter of 2023, and on par with RMB38.2 million in the fourth quarter of 2023. The year-over-year decrease was mainly attributed to lower share-based compensation expenses.
  • 銷售和營銷費用 爲人民幣2,020萬元(合280萬美元),而2023年第一季度爲人民幣1,240萬元,2023年第四季度爲人民幣2,070萬元。同比增長主要歸因於與銷售相關的薪酬增加以及新授予的股份獎勵的基於股份的薪酬支出增加。
  • 一般和管理費用 爲人民幣4,970萬元(合690萬美元),而2023年第一季度爲人民幣2500萬元,2023年第四季度爲人民幣5,560萬元。同比增長主要歸因於新發放的股份獎勵的基於股份的薪酬支出增加。同比下降的主要原因是由於2024年第一季度信貸控制的改善,預期的信用損失支出減少。
  • 研究和開發費用 爲人民幣3780萬元(合520萬美元),而2023年第一季度爲人民幣5,410萬元,與2023年第四季度的人民幣3,820萬元持平。同比下降主要歸因於基於股票的薪酬支出減少。

Adjusted operating expenses4 (non-GAAP)

調整後的運營費用4 (非公認會計准則)

Adjusted operating expenses were RMB54.5 million (US$7.5 million), representing an increase of 8.7% from RMB50.1 million in the first quarter of 2023, and a reduction of 15.1% from RMB64.2 million in the fourth quarter of 2023. Adjusted sales and marketing expenses, adjusted general and administrative expenses, and adjusted research and development expenses were RMB11.4 million (US$1.6 million), RMB20.2 million (US$2.8 million) and RMB22.9 million (US$3.1 million) in the first quarter of 2024, respectively.

調整後的運營支出爲人民幣5,450萬元(合750萬美元),較2023年第一季度的人民幣5,010萬元增長8.7%,較2023年第四季度的人民幣6,420萬元下降15.1%。2024年第一季度,調整後的銷售和營銷費用、調整後的一般和管理費用以及調整後的研發費用分別爲人民幣1140萬元(合160萬美元)、2,020萬元(280萬美元)和人民幣2,290萬元(合310萬美元)。

Operating loss

營業虧損

Operating loss was RMB65.8 million (US$9.1 million), representing an improvement of 13.1% from RMB75.7 million in the first quarter of 2023, and an improvement of 12.4% from RMB75.2 million in the fourth quarter of 2023.

營業虧損爲人民幣6,580萬元(合910萬美元),較2023年第一季度的人民幣7,570萬元增長了13.1%,較2023年第四季度的人民幣7,520萬元增長了12.4%。

Adjusted operating loss5 (non-GAAP)

調整後的營業虧損5 (非公認會計准則)

Adjusted operating loss was RMB12.6 million (US$1.7 million), representing an improvement of 63.4% from RMB34.3 million in the first quarter of 2023, and an improvement of 49.5% from RMB24.9 million in the fourth quarter of 2023.

調整後的營業虧損爲人民幣1,260萬元(合170萬美元),較2023年第一季度的人民幣3,430萬元增長了63.4%,較2023年第四季度的人民幣2,490萬元增長了49.5%。

Net loss

淨虧損

Net loss was RMB63.4 million (US$8.8 million), representing an improvement of 27.2% from RMB87.0 million in the first quarter of 2023, and an improvement of 12.5% from RMB72.5 million in the fourth quarter of 2023.

淨虧損爲人民幣6,340萬元(合880萬美元),較2023年第一季度的人民幣8,700萬元增長了27.2%,較2023年第四季度的人民幣7,250萬元增長了12.5%。

Adjusted net loss6 (non-GAAP)

調整後的淨虧損6 (非公認會計准則)

Adjusted net loss was RMB10.1 million (US$1.4 million), representing an improvement of 69.9% from RMB33.6 million in the first quarter of 2023, and an improvement of 54.4% from RMB22.1 million in the fourth quarter of 2023.

調整後的淨虧損爲人民幣1,010萬元(合140萬美元),較2023年第一季度的人民幣3,360萬元增長了69.9%,較2023年第四季度的人民幣2,210萬元增長了54.4%。

Adjusted net loss attributable to EHang's ordinary shareholders was RMB10.0 million (US$1.4 million), representing an improvement of 69.9% from RMB33.4 million in the first quarter of 2023, and an improvement of 54.3% from RMB21.9 million in the fourth quarter of 2023.

歸屬於億航普通股股東的調整後淨虧損爲人民幣1,000萬元(合140萬美元),較2023年第一季度的人民幣3340萬元增長了69.9%,較2023年第四季度的人民幣2190萬元增長了54.3%。

Loss per share and per ADS

每股和每份廣告的虧損

Basic and diluted net loss per ordinary share were both RMB0.50 (US$0.07). Adjusted basic and diluted net loss per ordinary share7 (non-GAAP) were both RMB0.08 (US$0.01).

每股普通股的基本淨虧損和攤薄淨虧損均爲人民幣0.50元(0.07美元)。調整後的每股普通股基本虧損和攤薄淨虧損7 (非公認會計准則)均爲人民幣0.08元(0.01美元)。

Basic and diluted net loss per ADS were both RMB1.00 (US$0.14). Adjusted basic and diluted net loss per ADS8 (non-GAAP) were both RMB0.16 (US$0.02).

每股ADS的基本淨虧損和攤薄淨虧損均爲人民幣1.00元(0.14美元)。每份ADS調整後的基本淨虧損和攤薄淨虧損8 (非公認會計准則)均爲人民幣0.16元(0.02美元)。

Balance Sheets

資產負債表

Cash and cash equivalents, short-term deposits and short-term investments balances were RMB323.8 million (US$44.9 million) as of March 31, 2024.

截至2024年3月31日,現金及現金等價物、短期存款和短期投資餘額爲人民幣3.238億元(合4,490萬美元)。

Liquidity

流動性

The Company has been incurring losses from operations since inception. For the three months ended March 31, 2024, the Company incurred net loss of RMB63.4 million (US$8.8 million). As of December 31, 2023 and March 31, 2024, accumulated deficit amounted to RMB1,754.5 million, and RMB1,817.9 million (US$251.8 million), respectively.

自成立以來,該公司一直遭受運營虧損。在截至2024年3月31日的三個月中,該公司的淨虧損爲人民幣6,340萬元(合880萬美元)。截至2023年12月31日和2024年3月31日,累計赤字分別爲人民幣17.545億元和人民幣18.179億元(2.518億美元)。

Following the milestone achievement in obtaining the world's first passenger-carrying unmanned aerial vehicle system certifications for EH216-S, the Company's management is implementing business plans to scale up the commercial sales of EH216-S through building a replicable and promotable business model to further expand the Company's partnership network and enrich the commercial scenarios of EH216-S.

繼獲得全球首個 EH216-S 載客無人駕駛航空器系統認證方面取得里程碑式成就之後,公司管理層正在實施業務計劃,通過建立可複製和可推廣的商業模式來擴大 EH216-S 的商業銷售,以進一步擴大公司的合作伙伴網絡並豐富 EH216-S 的商業場景。

As of March 31, 2024 the Company's cash and cash equivalents, short-term deposits and short-term investments balances were RMB250.9 million (US$34.8 million), RMB14.6 million (US$2.0 million) and RMB58.3million (US$8.1 million), respectively.

截至2024年3月31日,公司的現金及現金等價物、短期存款和短期投資餘額分別爲人民幣2.509億元(合3,480萬美元)、人民幣1,460萬元(合200萬美元)和人民幣5,830萬元(合810萬美元)。

In April 2024, the Company entered into an At Market Issuance Sales Agreement with China Renaissance Securities (Hong Kong) Limited (the "sales agent") relating to the sale of ADSs for an aggregate offering price of up to US$100 million from time to time through or to the sales agent, as agent or principal. The ADSs to be sold are registered under the Registration Statement on Form F-3 (File No. 333-278830) filed with the U.S Securities and Exchange Commission on April 19, 2024. Up to the date of this press release, the Company had raised gross proceeds of over US$55 million through sales of ADSs under the at-the-market offering. The proceeds from the offering have strengthened the Company's liquidity position.

2024年4月,公司與華興證券(香港)有限公司(“銷售代理”)簽訂了場內發行銷售協議,內容涉及不時通過或向作爲代理人或委託人的銷售代理出售ADS,總髮行價不超過1億美元。待售的美國存託憑證是根據2024年4月19日向美國證券交易委員會提交的F-3表格(文件編號333-278830)註冊的。截至本新聞稿發佈之日,該公司已通過在市場上發行的ADS的銷售籌集了超過5,500萬美元的總收益。此次發行的收益加強了公司的流動性狀況。

In addition, up to the date of this press release, the Company has unused uncommitted credit facilities of RMB131.0 million (US$18.2 million) with expiration dates before April 2025. Therefore, the Company believes that its current cash and cash equivalents, short-term deposits, short-term investments and its anticipated cash flows from operations will be sufficient to meet its anticipated working capital requirements and material cash requirements for at least the next 12 months.

此外,截至本新聞稿發佈之日,公司未使用的未承諾信貸額度爲人民幣1.310億元(合1,820萬美元),到期日期在2025年4月之前。因此,該公司認爲,其當前的現金和現金等價物、短期存款、短期投資及其預期的運營現金流將足以滿足至少未來12個月的預期營運資金需求和實質性現金需求。

Business Outlook

商業展望

For the second quarter of 2024, the Company expects the total revenues to be around RMB90 million, representing an increase of approximately 804% year-over-year.

該公司預計,2024年第二季度的總收入約爲 RMB90 百萬美元,同比增長約804%。

The above outlook is based on information available as of the date of this press release and reflects the Company's current and preliminary expectations regarding its business situation and market conditions. The outlook is subject to changes, especially given uncertainties and situations related to certification, geopolitics, economic landscape, etc.

上述展望基於截至本新聞稿發佈之日獲得的信息,反映了公司對其業務狀況和市場狀況的當前和初步預期。前景可能會發生變化,特別是考慮到與認證、地緣政治、經濟格局等相關的不確定性和情況。

Conference Call

電話會議

EHang's management team will host an earnings conference call at 8:00 AM on Monday, May 20, 2024, U.S. Eastern Time (8:00 PM on Monday, May 20, 2024, Beijing/Hong Kong Time).

億航管理團隊將在美國東部時間2024年5月20日星期一上午8點(北京/香港時間2024年5月20日星期一下午8點)主持業績電話會議。

To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call.

要通過電話加入電話會議,參與者必須使用以下鏈接完成在線註冊流程。註冊後,每位參與者將收到有關訪問電話會議的電子郵件說明,包括撥入信息和允許訪問電話會議的 PIN 碼。

A live and archived webcast of the conference call will be available on the Company's investors relations website at http://ir.ehang.com/.

電話會議的網絡直播和存檔直播將在公司的投資者關係網站上播出,網址爲 http://ir.ehang.com/

About EHang

關於億航

EHang Holdings Limited (Nasdaq: EH) ("EHang") is the world's leading urban air mobility ("UAM") technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle ("UAV") systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang's EH216-S has obtained the world's first type certificate, production certificate and standard airworthiness certificate for passenger-carrying pilotless eVTOL aircraft issued by the Civil Aviation Administration of China. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.

億航控股有限公司(納斯達克股票代碼:EH)(“億航”)是全球領先的城市空中交通(“UAM”)技術平台公司。我們的使命是爲所有人提供安全、自主和環保的空中交通。億航爲各行各業的客戶提供無人機(“UAV”)系統和解決方案:空中交通(包括客運和物流)、智慧城市管理和航空媒體解決方案。億航的 EH216-S 獲得了中國民用航空局頒發的世界上第一個載客無人駕駛電動起降飛機的型號證書、生產證書和標準適航證書。作爲全球無人機行業尖端無人機技術和商業解決方案的先行者,億航繼續探索天空邊界,讓飛行技術造福我們的智慧城市生活。欲了解更多信息,請訪問 ehang.com

Safe Harbor Statement

安全港聲明

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Statements that are not historical facts, including statements about management's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause EHang's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

根據1995年美國私人證券訴訟改革法案的 “安全港” 條款,本新聞稿包含可能構成 “前瞻性” 陳述的聲明。這些前瞻性陳述可以通過諸如 “將”、“期望”、“預期”、“目標”、“未來”、“打算”、“計劃”、“相信”、“估計”、“可能會” 和類似陳述等術語來識別。非歷史事實的陳述,包括有關管理層信念和期望的陳述,均爲前瞻性陳述。前瞻性陳述涉及固有的風險和不確定性。許多因素可能導致實際業績與任何前瞻性陳述中包含的結果存在重大差異,包括但不限於與認證、我們對產品和解決方案以及UAM服務商業化的需求和市場接受度的預期、我們與戰略合作伙伴的關係以及涉及我們的當前訴訟和潛在訴訟相關的因素。管理層根據其當前的預期、假設、估計和預測制定了這些前瞻性陳述。儘管他們認爲這些預期、假設、估計和預測是合理的,但此類前瞻性陳述只是預測,涉及已知和未知的風險和不確定性,其中許多是管理層無法控制的。這些陳述涉及風險和不確定性,可能導致億航的實際業績、業績或成就與這些前瞻性陳述所表達或暗示的任何未來業績、業績或成就存在重大差異。

Non-GAAP Financial Measures

非公認會計准則財務指標

The Company uses adjusted gross profit, adjusted operating expenses, adjusted sales and marketing expenses, adjusted general and administrative expenses, adjusted research and development expenses, adjusted operating loss, adjusted net loss, adjusted net loss attributable to ordinary shareholders, adjusted basic and diluted loss per ordinary share and adjusted basic and diluted loss per ADS (collectively, the "Non-GAAP Financial Measures") in evaluating its operating results and for financial and operational decision-making purposes. There was no income tax impact on the Company's non-GAAP adjustments because the non-GAAP adjustments are usually recorded in entities located in tax-free jurisdictions, such as the Cayman Islands.

公司使用調整後的毛利、調整後的運營費用、調整後的銷售和營銷費用、調整後的一般和管理費用、調整後的研發費用、調整後的營業虧損、調整後的淨虧損、歸屬於普通股股東的調整後淨虧損、調整後的每股普通股基本和攤薄虧損以及調整後的每股ADS基本虧損和攤薄虧損(統稱爲 “非公認會計准則財務指標”)來評估其經營業績以及財務和運營決策目的。所得稅對公司的非公認會計准則調整沒有影響,因爲非公認會計准則調整通常記錄在位於免稅司法管轄區(例如開曼群島)的實體中。

The Company believes that the Non-GAAP Financial Measures help identify underlying trends in its business that could otherwise be distorted by the effects of items of (i) share-based compensation expenses and (ii) certain non-operational expenses, such as amortization of debt discounts, which are included in their comparable GAAP measures. The Company believes that the Non-GAAP Financial Measures provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by its management members in their financial and operational decision-making.

該公司認爲,非公認會計准則財務指標有助於確定其業務的潛在趨勢,否則這些趨勢可能會被以下項目的影響所扭曲:(i)基於股份的薪酬支出和(ii)某些非運營支出,例如債務折扣的攤銷,這些項目包含在可比的GAAP指標中。該公司認爲,非公認會計准則財務指標提供了有關其經營業績的有用信息,增強了對過去業績和未來前景的總體了解,並提高了管理層成員在財務和運營決策中使用的關鍵指標的知名度。

The Non-GAAP Financial Measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The Non-GAAP Financial Measures have limitations as analytical tools. One of the key limitations of using the Non-GAAP Financial Measures is that they do not reflect all items of expense that affect the Company's operations. Share-based compensation expenses have been and may continue to be incurred in the business and are not reflected in the presentation of the Non-GAAP Financial Measures. Further, the Non-GAAP Financial Measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the Non-GAAP Financial Measures to the nearest U.S. GAAP measures, all of which should be considered when evaluating the Company's performance.

非公認會計准則財務指標不是根據美國公認會計原則定義的,也沒有按照美國公認會計原則列報。非公認會計准則財務指標作爲分析工具存在侷限性。使用非公認會計准則財務指標的主要限制之一是,它們不能反映影響公司運營的所有支出項目。基於股份的薪酬支出過去和可能繼續在業務中產生,未反映在非公認會計准則財務指標的列報中。此外,非公認會計准則財務指標可能不同於包括同行公司在內的其他公司使用的非公認會計准則信息,因此它們的可比性可能受到限制。公司通過將非公認會計准則財務指標與最接近的美國公認會計准則指標進行對賬來彌補這些限制,在評估公司的業績時應考慮所有這些指標。

Each of the Non-GAAP Financial Measures should not be considered in isolation or construed as an alternative to its comparable GAAP measure or any other measure of performance or as an indicator of the Company's operating performance or financial results. Investors are encouraged to review the Company's most directly comparable GAAP measures in conjunction with the Non-GAAP Financial Measures. The Non-GAAP Financial Measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

不應孤立地考慮每項非公認會計准則財務指標,也不得將其解釋爲其可比的GAAP指標或任何其他業績衡量標準的替代方案,也不得解釋爲公司經營業績或財務業績的指標。鼓勵投資者結合非公認會計准則財務指標審查公司最直接可比的GAAP指標。此處提出的非公認會計准則財務指標可能無法與其他公司提出的類似標題的指標相提並論。其他公司可能會以不同的方式計算標題相似的衡量標準,這限制了它們作爲公司數據比較指標的用處。公司鼓勵投資者和其他人全面審查其財務信息,不要依賴單一的財務指標。

For more information on the Non-GAAP Financial Measures, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release.

有關非公認會計准則財務指標的更多信息,請參閱本新聞稿末尾標題爲 “GAAP和非GAAP業績的未經審計的對賬” 的表格。

Exchange Rate

匯率

This press release contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.2203 to US$1.00, the noon buying rate in effect on March 29, 2024 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred to in this press release could have been converted into USD or RMB, as the case may be, at any particular rate or at all.

本新聞稿僅爲方便讀者而將某些人民幣金額按指定匯率翻譯成美元(“美元”)。除非另有說明,否則從人民幣兌美元的所有匯率均按人民幣7.2203元兌1美元的匯率進行,這是聯儲局委員會發布的H.10統計數據中2024年3月29日生效的正午買入匯率。本公司未就本新聞稿中提及的人民幣或美元金額可能按任何特定匯率或根本兌換成美元或人民幣(視情況而定)作出任何陳述。

Investor Contact: ir@ehang.com

投資者聯繫人: ir@ehang.com

Media Contact: pr@ehang.com

媒體聯繫人: pr@ehang.com

_______________________

_____________________

1 Adjusted operating loss is a non-GAAP financial measure, which is defined as operating loss excluding share-based compensation expenses. See "Non-GAAP Financial Measures" below.
2 Adjusted net loss is a non-GAAP financial measure, which is defined as net loss excluding share-based compensation expenses and certain non-operational expenses. See "Non-GAAP Financial Measures" below.
3 The EH216 series products include EH216-S, the standard model for passenger transportation, EH216-F model for aerial firefighting, and EH216-L model for aerial logistics.
4 Adjusted operating expenses is a non-GAAP financial measure, which is defined as operating expenses excluding share-based compensation expenses. See "Non-GAAP Financial Measures" below.
5 Adjusted operating loss is a non-GAAP financial measure, which is defined as operating loss excluding share-based compensation expenses. See "Non-GAAP Financial Measures" below.
6 Adjusted net loss is a non-GAAP financial measure, which is defined as net loss excluding share-based compensation expenses and certain non-operational expenses. See "Non-GAAP Financial Measures" below.
7 Adjusted basic and diluted net loss per ordinary share is a non-GAAP financial measure, which is defined as basic and diluted loss per ordinary share excluding share-based compensation expenses and certain non-operational expenses. See "Non-GAAP Financial Measures" below.
8 Adjusted basic and diluted net loss per ADS is a non-GAAP financial measure, which is defined as basic and diluted loss per ADS excluding share-based compensation expenses and certain non-operational expenses. See "Non-GAAP Financial Measures" below.

1 調整後的營業虧損是一項非公認會計准則財務指標,其定義爲不包括基於股份的薪酬支出的營業虧損。請參閱下面的 “非公認會計准則財務指標”。
2 調整後的淨虧損是一項非公認會計准則財務指標,其定義爲淨虧損,不包括基於股份的薪酬支出和某些非運營費用。請參閱下面的 “非公認會計准則財務指標”。
3 EH216 系列產品包括客運標準型號 EH216-S、用於空中消防的 EH216-F 型號和用於空中物流的 EH216-L 模型。
4 調整後的運營費用是一項非公認會計准則財務指標,其定義爲不包括基於股份的薪酬支出的運營支出。請參閱下面的 “非公認會計准則財務指標”。
5 調整後的營業虧損是一項非公認會計准則財務指標,其定義爲不包括基於股份的薪酬支出的營業虧損。請參閱下面的 “非公認會計准則財務指標”。
6 調整後的淨虧損是一項非公認會計准則財務指標,其定義爲淨虧損,不包括基於股份的薪酬支出和某些非運營費用。請參閱下面的 “非公認會計准則財務指標”。
7 調整後的每股普通股基本虧損和攤薄後淨虧損是一項非公認會計准則財務指標,其定義爲普通股每股基本虧損和攤薄虧損,不包括基於股份的薪酬支出和某些非運營費用。請參閱下面的 “非公認會計准則財務指標”。
8 調整後的每股ADS基本虧損和攤薄淨虧損是一項非公認會計准則財務指標,其定義爲每股ADS的基本虧損和攤薄虧損,不包括基於股份的薪酬支出和某些非運營費用。請參閱下面的 “非公認會計准則財務指標”。

EHANG HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands of Renminbi ("RMB") and US dollars ("US$"))
As of As of
December 31, 2023 March 31, 2024
RMB RMB US$
(Unaudited) (Unaudited) (Unaudited)
ASSETS
Current assets:
Cash and cash equivalents 228,250 250,864 34,744
Short-term deposits 14,397 14,643 2,028
Short-term investments 57,494 58,323 8,078
Restricted short-term deposits 33,942 - -
Accounts receivable, net9 34,786 21,730 3,009
Inventories 59,488 62,365 8,637
Prepayments and other current assets 24,691 26,980 3,737
Total current assets 453,048 434,905 60,233
Non-current assets:
Property and equipment, net 44,623 42,202 5,845
Operating lease right‐of‐use assets, net 74,528 93,851 12,998
Intangible assets, net 2,426 2,589 359
Long-term loans receivable 4,215 - -
Long-term investments 18,369 18,022 2,496
Other non-current assets 1,436 1,436 199
Total non-current assets 145,597 158,100 21,897
Total assets 598,645 593,005 82,130
億恒控股有限公司
未經審計的簡明合併資產負債表
(金額以千元人民幣(“人民幣”)和美元(“美元”)爲單位)
截至截至 截至截至
2023年12月31日 2024年3月31日
人民幣 人民幣 美元
(未經審計) (未經審計) (未經審計)
資產
流動資產:
現金和現金等價物 228,250 250,864 34,744
短期存款 14,397 14,643 2,028
短期投資 57,494 58,323 8,078
限制性短期存款 33,942 - -
應收賬款,淨額9 34,786 21,730 3,009
庫存 59,488 62,365 8,637
預付款和其他流動資產 24,691 26,980 3,737
流動資產總額 453,048 434,905 60,233
非流動資產:
財產和設備,淨額 44,623 42,202 5,845
經營租賃使用權資產,淨額 74,528 93,851 12,998
無形資產,淨額 2,426 2,589 359
應收長期貸款 4,215 - -
長期投資 18,369 18,022 2,496
其他非流動資產 1,436 1,436 199
非流動資產總額 145,597 158,100 21,897
總資產 598,645 593,005 82,130

_______________________

_____________________

9 As of December 31, 2023 and March 31, 2024, amount due from a related party of RMB1,700 and RMB1,700 (US$235) are included in accounts receivable, net, respectively.

9 截至2023年12月31日和2024年3月31日,關聯方應付的人民幣1,700元和人民幣1,700元(合235美元)分別計入應收賬款淨額。

EHANG HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONT'D)
(Amounts in thousands of Renminbi ("RMB") and US dollars ("US$"))
As of As of
December 31, 2023 March 31, 2024
RMB RMB US$
(Unaudited) (Unaudited) (Unaudited)
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Short-term bank loans 69,798 39,990 5,539
Accounts payable 35,101 42,083 5,828
Contract liabilities10 37,169 45,208 6,261
Current portion of long-term bank loans 3,538 3,500 485
Accrued expenses and other liabilities 94,149 80,413 11,137
Current portion of lease liabilities 5,595 7,342 1,017
Deferred income 1,549 1,552 215
Deferred government subsidies 3,147 806 112
Income taxes payable 29 5 1
Total current liabilities 250,075 220,899 30,595
Non-current liabilities:
Long-term bank loans 9,308 15,500 2,147
Mandatorily redeemable non-controlling interests 40,000 40,000 5,540
Deferred tax liabilities 292 292 40
Unrecognized tax benefit 5,480 5,480 759
Lease liabilities 75,308 93,562 12,958
Deferred income 1,486 1,101 152
Other non-current liabilities 2,477 2,808 389
Total non-current liabilities 134,351 158,743 21,985
Total liabilities 384,426 379,642 52,580
Shareholders' equity:
Ordinary shares 80 81 11
Additional paid-in capital 1,951,936 2,013,717 278,897
Statutory reserves 1,239 1,239 172
Accumulated deficit (1,754,542) (1,817,867) (251,772)
Accumulated other comprehensive income 15,079 15,830 2,192
Total EHang Holdings Limited shareholders' equity 213,792 213,000 29,500
Non-controlling interests 427 363 50
Total shareholders' equity 214,219 213,363 29,550
Total liabilities and shareholders' equity 598,645 593,005 82,130
億恒控股有限公司
未經審計的簡明合併資產負債表(續)
(金額以千元人民幣(“人民幣”)和美元(“美元”)爲單位)
截至截至 截至截至
2023年12月31日 2024年3月31日
人民幣 人民幣 美元
(未經審計) (未經審計) (未經審計)
負債和股東權益
流動負債
短期銀行貸款 69,798 39,990 5,539
應付賬款 35,101 42,083 5,828
合同負債10 37,169 45,208 6,261
長期銀行貸款的當前部分 3,538 3,500 485
應計費用和其他負債 94,149 80,413 11,137
租賃負債的流動部分 5,595 7,342 1,017
遞延收益 1,549 1,552 215
遞延的政府補貼 3,147 806 112
應繳所得稅 29 5 1
流動負債總額 250,075 220,899 30,595
非流動負債:
長期銀行貸款 9,308 15,500 2,147
強制性可贖回的非控股權益 40,0000 40,0000 5,540
遞延所得稅負債 292 292 40
未確認的稅收優惠 5,480 5,480 759
租賃負債 75,308 93,562 12,958
遞延收益 1,486 1,101 152
其他非流動負債 2,477 2,808 389
非流動負債總額 134,351 158,743 21,985
負債總額 384,426 379,642 52,580
股東權益:
普通股 80 81 11
額外的實收資本 1,951,936 2,013,717 278,897
法定儲備金 1,239 1,239 172
累計赤字 (1,754,542) (1,817,867) (251,772)
累計其他綜合收益 15,079 15,830 2,192
億恒控股有限公司股東權益總額 213,792 213,000 29,500
非控股權益 427 363 50
股東權益總額 214,219 213,363 29,550
負債和股東權益總額 598,645 593,005 82,130

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_____________________

10 As of December 31, 2023 and March 31, 2024, amount due to a related party of RMB2,000 and RMB2,000 (US$277) are included in contract liabilities, respectively.

10 截至2023年12月31日和2024年3月31日,應付給關聯方的2,000元人民幣和2,000元人民幣(合277美元)分別包含在合同負債中。

EHANG HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(Amounts in thousands of Renminbi ("RMB") and US dollars ("US$") except for per share data and per ADS data)
Three Months Ended
March 31,
2023
December 31,
2023
March 31,
2024
RMB RMB RMB US$
(Unaudited) (Unaudited) (Unaudited)
Total revenues 22,201 56,604 61,727 8,549
Costs of revenues (8,007) (19,986) (23,536) (3,260)
Gross profit 14,194 36,618 38,191 5,289
Operating expenses:
Sales and marketing expenses (12,474) (20,712) (20,224) (2,801)
General and administrative expenses (24,996) (55,626) (49,676) (6,880)
Research and development expenses (54,075) (38,140) (37,836) (5,240)
Total operating expenses (91,545) (114,478) (107,736) (14,921)
Other operating income 1,605 2,668 3,707 513
Operating loss (75,746) (75,192) (65,838) (9,119)
Other income (expense):
Interest and investment income 983 4,339 2,864 397
Interest expenses (714) (682) (859) (119)
Amortization of debt discounts (12,023) - - -
Foreign exchange (loss) gain (96) 697 (245) (34)
Other non-operating income (expenses), net 651 (1,948) 1,037 144
Total other (expense) income (11,199) 2,406 2,797 388
Loss before income tax and (loss) income from equity method investment (86,945) (72,786) (63,041) (8,731)
Income tax expenses (1) (74) (1) -
Loss before (loss) income from equity method investment (86,946) (72,860) (63,042) (8,731)
(Loss) income from equity method investment (90) 399 (347) (48)
Net loss (87,036) (72,461) (63,389) (8,779)
億恒控股有限公司
未經審計的簡明綜合虧損合併報表
(金額以千元人民幣(“人民幣”)和美元(“美元”)爲單位,每股數據和每股ADS數據除外)
三個月已結束
3月31日
2023
十二月三十一日
2023
3月31日
2024
人民幣 人民幣 人民幣 美元
(未經審計) (未經審計) (未經審計)
總收入 22,201 56,604 61,727 8,549
收入成本 (8,007) (19,986) (23,536) (3,260)
毛利 14,194 36,618 38,191 5,289
運營費用:
銷售和營銷費用 (12,474) (20,712) (20,224) (2,801)
一般和管理費用 (24,996) (55,626) (49,676) (6,880)
研究和開發費用 (54,075) (38,140) (37,836) (5,240)
運營費用總額 (91,545) (114,478) (107,736) (14,921)
其他營業收入 1,605 2,668 3,707 513
營業虧損 (75,746) (75,192) (65,838) (9,119)
其他收入(支出):
利息和投資收益 983 4,339 2,864 397
利息支出 (714) (682) (859) (119)
債務折扣的攤銷 (12,023) - - -
外匯(虧損)收益 (96) 697 (245) (34)
其他非營業收入(支出),淨額 651 (1,948) 1,037 144
其他(支出)收入總額 (11,199) 2,406 2,797 388
所得稅前的虧損和權益法投資的(虧損)收益 (86,945) (72,786) (63,041) (8,731)
所得稅支出 (1) (74) (1) -
權益法投資(虧損)收益前的虧損 (86,946) (72,860) (63,042) (8,731)
權益法投資的(虧損)收入 (90) 399 (347) (48)
淨虧損 (87,036) (72,461) (63,389) (8,779)
EHANG HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONT'D)
(Amounts in thousands of Renminbi ("RMB") and US dollars ("US$") except for per share data and per ADS data)
Three Months Ended
March 31,
2023
December 31,
2023
March 31,
2024
RMB RMB RMB US$
(Unaudited) (Unaudited) (Unaudited)
Net loss (87,036) (72,461) (63,389) (8,779)
Net loss attributable to non-controlling interests 211 197 64 9
Net loss attributable to ordinary shareholders (86,825) (72,264) (63,325) (8,770)
Net loss per ordinary share:
Basic and diluted (0.74) (0.58) (0.50) (0.07)
Shares used in net loss per ordinary share computation (in thousands of shares):
Basic and diluted 117,549 125,431 126,704 126,704
Loss per ADS (2 ordinary shares equal to 1 ADS)
Basic and diluted
(1.48) (1.16) (1.00) (0.14)
Other comprehensive income (loss)
Foreign currency translation adjustments net of nil tax (722) (4,525) 751 104
Total other comprehensive income (loss), net of tax (722) (4,525) 751 104
Comprehensive loss (87,758) (76,986) (62,638) (8,675)
Comprehensive loss attributable to non-controlling interests 211 197 64 9
Comprehensive loss attributable to ordinary shareholders (87,547) (76,789) (62,574) (8,666)
億恒控股有限公司
未經審計的簡明綜合虧損報表(續)
(金額以千元人民幣(“人民幣”)和美元(“美元”)爲單位,每股數據和每股ADS數據除外)
三個月已結束
3月31日
2023
十二月三十一日
2023
3月31日
2024
人民幣 人民幣 人民幣 美元
(未經審計) (未經審計) (未經審計)
淨虧損 (87,036) (72,461) (63,389) (8,779)
歸屬於非控股權益的淨虧損 211 197 64 9
歸屬於普通股股東的淨虧損 (86,825) (72,264) (63,325) (8,770)
每股普通股淨虧損:
基本款和稀釋版 (0.74) (0.58) (0.50) (0.07)
用於計算每股普通股淨虧損的股份(以千股爲單位):
基本款和稀釋版 117,549 125,431 126,704 126,704
每股ADS虧損(2股普通股等於1股ADS)
基本款和稀釋版
(1.48) (1.16) (1.00) (0.14)
其他綜合收益(虧損)
扣除零稅後的外幣折算調整 (722) (4,525) 751 104
扣除稅款的其他綜合收益(虧損)總額 (722) (4,525) 751 104
綜合損失 (87,758) (76,986) (62,638) (8,675)
歸屬於非控股權益的全面虧損 211 197 64 9
歸屬於普通股股東的綜合虧損 (87,547) (76,789) (62,574) (8,666)
EHANG HOLDINGS LIMITED
UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
(Amounts in thousands of Renminbi ("RMB") and US dollars ("US$") except for per share data and per ADS data)
Three Months Ended
March 31,
2023
December 31,
2023
March 31,
2024
RMB RMB RMB US$
(Unaudited) (Unaudited) (Unaudited)
Gross profit 14,194 36,618 38,191 5,289
Plus: Share-based compensation - - - -
Adjusted gross profit 14,194 36,618 38,191 5,289
Sales and marketing expenses (12,474) (20,712) (20,224) (2,801)
Plus: Share-based compensation 4,951 4,585 8,817 1,221
Adjusted sales and marketing expenses (7,523) (16,127) (11,407) (1,580)
General and administrative expenses (24,996) (55,626) (49,676) (6,880)
Plus: Share-based compensation 9,163 37,144 29,521 4,089
Adjusted general and administrative expenses (15,833) (18,482) (20,155) (2,791)
Research and development expenses (54,075) (38,140) (37,836) (5,240)
Plus: Share-based compensation 27,325 8,589 14,948 2,070
Adjusted research and development expenses (26,750) (29,551) (22,888) (3,170)
Operating expenses (91,545) (114,478) (107,736) (14,921)
Plus: Share-based compensation 41,439 50,318 53,286 7,380
Adjusted operating expenses (50,106) (64,160) (54,450) (7,541)
Operating loss (75,746) (75,192) (65,838) (9,119)
Plus: Share-based compensation 41,439 50,318 53,286 7,380
Adjusted operating loss (34,307) (24,874) (12,552) (1,739)
億恒控股有限公司
未經審計的公認會計准則和非公認會計准則業績對賬
(金額以千元人民幣(“人民幣”)和美元(“美元”)爲單位,每股數據和每股ADS數據除外)
三個月已結束
3月31日
2023
十二月三十一日
2023
3月31日
2024
人民幣 人民幣 人民幣 美元
(未經審計) (未經審計) (未經審計)
毛利 14,194 36,618 38,191 5,289
另外:基於股份的薪酬 - - - -
調整後的毛利 14,194 36,618 38,191 5,289
銷售和營銷費用 (12,474) (20,712) (20,224) (2,801)
另外:基於股份的薪酬 4,951 4,585 8,817 1,221
調整後的銷售和營銷費用 (7,523) (16,127) (11,407) (1,580)
一般和管理費用 (24,996) (55,626) (49,676) (6,880)
另外:基於股份的薪酬 9,163 37,144 29,521 4,089
調整後的一般和管理費用 (15,833) (18,482) (20,155) (2,791)
研究和開發費用 (54,075) (38,140) (37,836) (5,240)
另外:基於股份的薪酬 27,325 8,589 14,948 2,070
調整後的研發費用 (26,750) (29,551) (22,888) (3,170)
運營費用 (91,545) (114,478) (107,736) (14,921)
另外:基於股份的薪酬 41,439 50,318 53,286 7,380
調整後的運營費用 (50,106) (64,160) (54,450) (7,541)
營業虧損 (75,746) (75,192) (65,838) (9,119)
另外:基於股份的薪酬 41,439 50,318 53,286 7,380
調整後的營業虧損 (34,307) (24,874) (12,552) (1,739)
EHANG HOLDINGS LIMITED
UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (CONT'D)
(Amounts in thousands of Renminbi ("RMB") and US dollars ("US$") except for per share data and per ADS data)
Three Months Ended
March 31,
2023
December 31,
2023
March 31,
2024
RMB RMB RMB US$
(Unaudited) (Unaudited) (Unaudited)
Net loss (87,036) (72,461) (63,389) (8,779)
Plus: Share-based compensation 41,439 50,318 53,286 7,380
Plus: Amortization of debt discounts 12,023 - - -
Adjusted net loss (33,574) (22,143) (10,103) (1,399)
Net loss attributable to ordinary shareholders (86,825) (72,264) (63,325) (8,770)
Plus: Share-based compensation 41,439 50,318 53,286 7,380
Plus: Amortization of debt discounts 12,023 - - -
Adjusted net loss attributable to ordinary shareholders (33,363) (21,946) (10,039) (1,390)
Adjusted basic and diluted net loss per ordinary share (0.28) (0.17) (0.08) (0.01)
Adjusted basic and diluted net loss per ADS (0.56) (0.34) (0.16) (0.02)
億恒控股有限公司
未經審計的 GAAP 和非 GAAP 業績對賬(續)
(金額以千元人民幣(“人民幣”)和美元(“美元”)爲單位,每股數據和每股ADS數據除外)
三個月已結束
3月31日
2023
十二月三十一日
2023
3月31日
2024
人民幣 人民幣 人民幣 美元
(未經審計) (未經審計) (未經審計)
淨虧損 (87,036) (72,461) (63,389) (8,779)
另外:基於股份的薪酬 41,439 50,318 53,286 7,380
另外:債務折扣的攤銷 12,023 - - -
調整後的淨虧損 (33,574) (22,143) (10,103) (1,399)
歸屬於普通股股東的淨虧損 (86,825) (72,264) (63,325) (8,770)
另外:基於股份的薪酬 41,439 50,318 53,286 7,380
另外:債務折扣的攤銷 12,023 - - -
歸屬於普通股股東的調整後淨虧損 (33,363) (21,946) (10,039) (1,390)
調整後的每股普通股基本虧損和攤薄淨虧損 (0.28) (0.17) (0.08) (0.01)
每份ADS調整後的基本淨虧損和攤薄淨虧損 (0.56) (0.34) (0.16) (0.02)

譯文內容由第三人軟體翻譯。


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