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    Rong Zhao

    Research Analyst at CITIC Securities

    Rong Zhao is an Analyst at CITIC Securities, focusing on equity research and company-specific coverage within the Chinese financial markets. He has provided in-depth analysis on firms expanding production capacity in major cities such as Guangzhou and Hefei, and is noted for his rigorous inquiry into capital expenditure and corporate growth strategies. While specific third-party performance metrics and detailed historical rankings are not publicly disclosed, Rong Zhao is recognized within research circles for his sector knowledge and timely corporate insights. Further details on his professional credentials, license registrations, and past career trajectory are not available through public sources.

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

    Rong Zhao's questions to EHang Holdings (EH) leadership • Q2 2024

    Question

    Rong Zhao from CITIC Securities inquired about the company's capacity expansion plans in Guangzhou and Hefei and the expected capital expenditure over the next two years. He also asked for more information on the recent At-The-Market (ATM) financing and future financing plans.

    Answer

    CFO Conor Yang detailed plans to increase automation and build new facilities with GAC, aiming for an additional 1,000 units of annual production capacity next year. He projected CapEx to be around $15 million for 2024 and $20 million for 2025. Regarding financing, Mr. Yang stated that $76.2 million was raised via the ATM program, but due to strong operating cash flow, the company will not continue selling ADS under the program in 2024.

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