Sign in

    Gareth Zhao

    Vice President and senior analyst at Tianfeng Securities

    Gareth Zhao is a Vice President and senior analyst at Tianfeng Securities, specializing in coverage of China’s new energy, environmental, and industrial companies. He tracks leading firms such as CATL, LONGi Green Energy, and BYD, and is recognized for delivering investment calls that have achieved a consistent success rate above 65%, according to third-party analytics platforms. Zhao began his career at GF Securities covering similar sectors before joining Tianfeng Securities in 2019, bringing a strong track record and sector expertise. He holds a FINRA Series 7 registration, maintaining active securities licenses and earning recognition for his comprehensive, data-driven equity research.

    Gareth Zhao's questions to EHang Holdings (EH) leadership

    Gareth Zhao's questions to EHang Holdings (EH) leadership • Q3 2024

    Question

    Gareth Zhao from Tianfeng Securities asked about the slight decline in gross margin for the quarter and the company's outlook on future cost reductions. He also requested more details on the progress of VTC (Type Certificate) certification in overseas markets.

    Answer

    CEO Huazhi Hu attributed the minor gross margin dip to fulfilling repeat orders at older contract prices. He anticipates future margins will remain stable around 60%, as cost reductions from scale will be balanced by investments in performance enhancements. Regarding overseas certification, he highlighted progress through pilot programs, citing an experimental flight permit in Brazil and sandbox model discussions in Thailand.

    Ask Fintool Equity Research AI