EHang achieves first-ever adjusted annual net profit in 2024

Published: Mar 13, 2025 16:03

Source: gasgoo

Save

On March 12, EHang, a leading Chinese autonomous aerial vehicle technology company, released its financial results for the fourth quarter (Q4) and full year of 2024.

Shanghai (Gasgoo)- On March 12, EHang, a leading Chinese autonomous aerial vehicle technology company, released its financial results for the fourth quarter (Q4) and full year of 2024. The company posted record annual revenue of RMB456.2 million, marking a 288.5% year-over-year spike. In the fourth quarter alone, its revenue reached RMB164.3 million, zooming up 190.2% from the same period in 2023.

In terms of profitability, EHang narrowed its net loss to RMB230 million in 2024, a 23.9% improvement from the loss of RMB302.3 million recorded in 2023. Notably, under non-GAAP measures, the company reported an adjusted net profit of RMB43.1 million—its first-ever full-year adjusted profit—compared to an adjusted net loss of RMB138.8 million in 2023.

EHang's founder, chairman, and CEO, Mr. Hu Huazhi, emphasized the company's commitment to expanding production capacity, strengthening ecosystem partnerships in infrastructure and talent development, and accelerating its global footprint across Asia, Europe, and South America. "Looking ahead to 2025, we remain focused on driving innovation, expanding our operational network, and scaling up production to meet rising demand while unlocking the full potential of urban air mobility," Mr. Hu stated.

The company's flagship eVTOL aircraft, the EH216-S, has secured three key certifications from China's Civil Aviation Administration—the Type Certificate (TC), Production Certificate (PC), and Standard Airworthiness Certificate (AC).

EHang also saw a significant surge in deliveries. In 2024, it delivered 216 EH216-series aircraft, a 315.4% hike from 52 units in 2023. The Q4 alone accounted for 78-unit deliveries, up 239.1% year-over-year and 23.8% quarter-over-quarter, marking a new company record for single-quarter deliveries.

To support growing demand, EHang is advancing the second-phase expansion of its Yunfu production facility, adding 24,000 square meters with the goal of reaching an annual production capacity of 1,000 units by 2025.

The company projects total revenue of approximately RMB900 million for the 2025 fiscal year, representing a 97% year-over-year surge.

Despite strong revenue growth, EHang's gross margin declined slightly to 61.4% in 2024 from 64.1% in 2023.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 18, 2026 13:45

[Solid-State Battery: Highpower Technology Deploys Three Solid-State Routes of Polymer/Oxide/Sulphide, Multiple Solid-State Electrolyte Patents Landed]

[Solid-state battery: Highpower Technology deploys three solid-state routes of polymer/oxide/sulphide, with multiple solid-state electrolyte patents granted] On September 17, 2026, Highpower Technology disclosed its solid-state battery layout during an institutional survey. The company is simultaneously developing three major solid-state electrolyte technology routes: polymer, oxide, and sulphide. In 2026, it has filed four core solid-state battery patents, covering composite solid-state electrolytes, solid-state electrolyte membranes, and gel polymer electrolytes, with a focus on solid-state battery development for I-end devices and robotics scenarios.

Sep 18, 2026 13:45

Sep 18, 2026 13:41

[Auto: Leapmotor to Join Series A Funding of FAW's Qixin Power]

Leapmotor plans to participate as a strategic investor in the Series A round of Qixin Power, a FAW Group unit, under an LOI signed in Huzhou on Sep 17. The two sides will deepen cooperation on hybrid engines, e-drive systems and range extenders, and jointly advance R&D on solid-state, lithium-rich manganese-based and sodium-ion batteries plus standardized cells, while exploring battery recycling and overseas supply chain collaboration.

Sep 18, 2026 13:41

Sep 18, 2026 13:29

[Solid-state battery: Easpring Technology's sulphide electrolyte enters the small-scale test verification stage with leading clients]

[Solid-state battery: Easpring Technology's sulphide electrolyte enters the small-scale test validation stage with leading clients] On 16 September 2026, Easpring Technology stated on an investor interaction platform that the company has prepared highly active and highly dispersed lithium sulphide and nano-sulphide electrolyte precursors through special production processes such as particle size control, establishing an integrated preparation chain from "lithium sulphide – highly active sulphide electrolyte precursor – high performance sulphide electrolyte". Currently, the sulphide electrolyte materials synthesised from the company's self-developed lithium sulphide and precursors have entered the small-scale test validation stage with leading solid-state battery clients.

Sep 18, 2026 13:29