Fiona Lang's questions to EHang Holdings Ltd (EH) leadership • Q1 2025
Question
Fiona Lang from Bank of America sought confirmation of significant revenue growth in the second half of the year and asked for the reasons behind the Q1 gross margin improvement.
Answer
CFO Connor Yang confirmed that strong Q2 sales growth is expected, leading to much stronger year-over-year revenue growth in the second half. He explained that the Q1 gross margin improved due to two factors: selling all 11 units at full retail price without discounts, which increased the average selling price, and a lower bill of materials (BOM) cost resulting from larger procurement volumes.