Yihang Intelligent: third quarter revenue 128 million yuan, adjusted net profit exceeded expectations

On November 18th, EHang Intelligent, a low-altitude economy eVTOL technology company, announced its financial performance report for the third quarter of 2024. According to the financial report, the company's revenue in the third quarter was 128 million yuan, an increase of 347.8% year-on-year and 25.6% quarter-on-quarter. Quarterly revenue continued to hit a record high, significantly exceeding the market expectation of 119 million yuan. The sales revenue of EHang Intelligent's flagship product EH216-S is the company's main source of revenue. The revenue growth is due to the continuous growth of EH216-SeVTOL product demand and delivery volume. A total of 63 EH216-S were delivered in the third quarter, and the delivery volume increased rapidly compared with 13 in the same period last year.