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    Ling Liu

    Research Analyst at Gauchang Securities

    Ling Liu is an Equity Analyst at Gauchang Securities, specializing in in-depth equity research with a focus on Chinese technology and consumer companies. Liu has covered prominent firms including Alibaba, Tencent, Meituan, and Pinduoduo, and has consistently delivered robust investment recommendations with a demonstrated success rate outperforming sector benchmarks. She began her career in equity research in 2012 at Citic Securities, transitioned to Huatai Securities in 2016, and joined Gauchang Securities as Senior Analyst in early 2021. Ling holds a Series 7 and Series 63 U.S. securities licenses, is a registered member with the China Securities Regulatory Commission, and has been recognized by leading analyst ranking platforms for her superior forecasting and stock selection.

    Ling Liu's questions to EHang Holdings (EH) leadership

    Ling Liu's questions to EHang Holdings (EH) leadership • Q1 2025

    Question

    Ling Liu from Gauchang Securities asked for management's perspective on the recent NDRC statement guiding the low-altitude economy to follow principles like 'cargo before passengers' and 'suburbs before urban areas'.

    Answer

    An EHang executive stated that the company's safety-first philosophy aligns with the NDRC's cautious guidance. They highlighted EHang's own three-phase approach (cargo trial, passenger trial, routine passenger operations) as consistent with the principle. The executive noted that EHang has over ten years of development focused on safety and that the NDRC continuously tracks their passenger operations, indicating alignment and communication.

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