EHang Holdings Limited (EH) — Financial statements
Income statement, balance sheet, and cash flow for EHang Holdings Limited — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 418↓9.6% | 463↑294.0% | 117↑160.4% | 45↓19.6% | 56 | |
| Cost of Revenue | 161↓14.8% | 189↑257.5% | 53↑103.1% | 26↑26.7% | 21 | |
| Gross Profit | 257↓6.1% | 274↑323.8% | 65↑238.3% | 19↓46.3% | 36 | |
| Operating Expenses | ||||||
| R&D Expenses | 195↓3.8% | 202↑20.9% | 167↑21.7% | 137↑1.5% | 135 | |
| General & Administrative Expenses | 270 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 122 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 392↑8.9% | 360↑80.0% | 200↑1.3% | 197↓13.4% | 228 | |
| Other Expenses | -12 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 574↑2.1% | 562↑53.1% | 367↑9.7% | 335↓7.8% | 363 | |
| Total Costs & Expenses | 735↓2.1% | 751↑78.8% | 420↑16.4% | 361↓6.0% | 384 | |
| Operating Results | ||||||
| Operating Income | -320↓11.2% | -288↑4.8% | -302↑4.1% | -315↑3.6% | -327 | |
| Depreciation & Amortization | 29↑45.3% | 20↓6.0% | 21↑0.5% | 21↑177.1% | 8 | |
| EBITDA | -291↓41.9% | -205↑22.4% | -264↑14.8% | -310↓3.4% | -300 | |
| EBIT | -320↓42.2% | -225↑21.2% | -286↑13.8% | -331↓7.7% | -308 | |
| Interest & Other Income | ||||||
| Net Interest Income | 53↑93.3% | 27↑520.8% | -6↓861.1% | 0.85↓74.6% | 3 | |
| Interest Income | 59↑91.5% | 31↑260.7% | 8↑81.7% | 5↓9.2% | 5 | |
| Interest Expense | 6↑77.1% | 3↓77.4% | 15↑291.5% | 4↑111.8% | 2 | |
| Non-Operating Income | 0.00↑100.0% | -63↓273.1% | -17↓206.3% | 16↑180.1% | -20 | |
| Other Income / Expenses | 47↓14.7% | 55↑15635.7% | 0.35↑101.8% | -20↓210.2% | 18 | |
| Income Before Tax | -273↓17.3% | -233↑22.9% | -302↑9.8% | -335↓8.2% | -310 | |
| Income Tax Expense | -4↓1226.3% | 0.39↑90.1% | 0.21↑156.2% | 0.08↓39.2% | 0.13 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -276↓18.5% | -233↑22.8% | -302↑9.8% | -335↓8.2% | -310 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -276↓18.6% | -233↑22.7% | -302↑9.7% | -334↓7.8% | -310 | |
| Bottom-Line Net Income | -276↓18.6% | -233↑22.7% | -302↑9.7% | -334↓7.8% | -310 | |
| EPS (Basic) | -7.52↓9.9% | -6.84↓37.9% | -4.96↑13.6% | -5.74↓3.2% | -5.56 | |
| EPS (Diluted) | -7.52↓9.9% | -6.84↓37.9% | -4.96↑13.6% | -5.74↓3.2% | -5.56 | |
| Weighted Average Shares | 37↑9.2% | 34↓44.7% | 61↑5.9% | 57↑1.5% | 56 | |
| Weighted Average Diluted Shares | 37↑9.2% | 34↓44.7% | 61↑5.9% | 57↑1.5% | 56 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.