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    Xuxia Tang

    Senior Analyst at Guosen Securities

    Xuxia Tang is a Senior Analyst at Guosen Securities, specializing in the research of high-growth industries with a focus on energy technology, notably the lithium-ion battery sector. Tang has covered prominent companies in the new energy and power battery space, providing detailed analyses on their financial developments and technological advancements. With a track record of thematic research cited in industry discussions, Tang has produced influential insights, though specific success rates and rankings are not publicly disclosed. Tang has developed expertise at Guosen Securities over multiple years, building credentials through in-depth sector coverage and collaborative research projects with a specialized team.

    Xuxia Tang's questions to EHang Holdings (EH) leadership

    Xuxia Tang's questions to EHang Holdings (EH) leadership • Q4 2024

    Question

    Xuxia Tang from Guosen Securities noted the significant quarter-over-quarter growth in management and R&D expenses in Q4 and asked about the expected trend for these expenses in 2025.

    Answer

    CFO Conor Yang acknowledged that expenses grew due to team expansion but highlighted that expenses as a percentage of revenue have decreased. For 2025, he expects continued growth in sales and R&D expenses, with moderate growth in management costs. He emphasized that revenue growth, projected at 97%, is expected to significantly outpace operating expense growth, projected at 40%.

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