EHang Financial Report Q2 Update

The EHang Q2 results made lit­tle impres­sion on the finan­cial mar­kets yes­ter­day. In fact, the com­pa­ny share price fell 2.33 per­cent clos­ing at USD7.56. The only inter­est shown by the spe­cial­ist finan­cial web­sites was to upload a tran­script of the EHang Con­fer­ence Call for investors. See below from seekingal­pha.

Con­fer­ence Call Tran­scrip­tion

https://seekingalpha.com/article/4535569-ehang-holdings-limited-eh-ceo-hu-huazhi-on-q2-2022-results-earnings-call-transcript

The obvi­ous take­away is while rev­enue increased, loss­es con­tin­ue to mount. Yet, EHang’s strate­gic part­ner­ship last month with the Agri­cul­tur­al Bank of Chi­na (ABC), Guangzhou Branch, which offers cred­it facil­i­ties of RMB1 bil­lion (USD150 mil­lion), will assist the com­pa­ny through a dif­fi­cult finan­cial peri­od until gain­ing full com­mer­cial cer­ti­fi­ca­tion from the CAAC that EHang states “will be some time lat­er this year.”. This is vital now for EHang’s progress and devel­op­ment.

We await with bat­ed breath.

(Top pic: EHang 216 Tri­al flight in Japan/credit: EHang)