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    Chen Yu

    Senior Analyst at Guangdong Securities

    Chen Yu is a Senior Analyst at Guangdong Securities, specializing in equity research for the consumer, technology, and healthcare sectors. He has provided in-depth coverage on leading companies such as Midea Group, Gree Electric Appliances, and BYD Auto, earning a strong industry reputation for his accurate forecasts and timely investment recommendations. Since joining Guangdong Securities in 2018 after gaining experience at Huatai Securities, Chen Yu has achieved consistent top-quartile performance among peers with a recommendation success rate of approximately 68% and notable returns on several stock picks according to industry rankings. He is a CFA charterholder and possesses China Securities Qualification certification, underscoring his expertise and commitment to research excellence.

    Chen Yu's questions to EHang Holdings (EH) leadership

    Chen Yu's questions to EHang Holdings (EH) leadership • Q1 2025

    Question

    Chen Yu from Guangdong Securities requested an update on the production capacity and timeline for the Yunfu and Hefei facilities and asked if the company is maintaining its SG&A expense growth guidance.

    Answer

    COO Wang Zhao detailed that the Yunfu facility expansion will increase annual capacity to 1,000 units by year-end, while the new Hefei base is a 1-2 year project. CFO Connor Yang confirmed that despite cost control achievements in Q1, the company is maintaining its full-year guidance for 40% growth in operating expenses, alongside the RMB900 million revenue target.

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