EHang FY25 net loss widens 20.2% to RMB 276.4 million; revenue falls 8.4% to RMB 418 million

• EHang posted 2025 revenue of RMB 418 million, down 8.4% from 2024, while net loss widened 20.2% to RMB 276.4 million.
• Operating loss widened to RMB 316.7 million, versus an operating loss of RMB 254.1 million a year earlier.
• Air mobility solutions revenue slipped to RMB 395.2 million from RMB 443.3 million, with EH216 series unit sales falling to 169 from 216.
• Cost of revenues fell 8.7% to RMB 160.8 million, while gross margin held steady at 61.5% versus 61.4% in 2024.
• Management said it expects revenue to increase in China following CAAC certification milestones for EH216-S and the granting of an operating certificate to EH216-S operators in March 2025.

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