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    Yong Lin

    Director and Equity Research Analyst at Bank of America

    Yong Lin is a Director and Equity Research Analyst at Bank of America, specializing in the coverage of the China Property sector with a focus on major real estate developers such as China Vanke, Country Garden, and Longfor Group. With a strong reputation for timely and insightful investment calls, Lin has consistently ranked among top-performing analysts in Asia according to sector-specific industry surveys and platforms like Institutional Investor. He began his finance career more than a decade ago, previously serving as a Senior Analyst at Haitong International and holding analyst roles at BOCI and Daiwa Capital Markets prior to joining Bank of America in 2019. Lin holds a Chartered Financial Analyst (CFA) designation and is registered with the Hong Kong Securities and Futures Commission, reflecting his commitment to professional excellence and regulatory standards.

    Yong Lin's questions to EHang Holdings (EH) leadership

    Yong Lin's questions to EHang Holdings (EH) leadership • Q2 2025

    Question

    Yong Lin from Bank of America asked for a breakdown of the current order backlog between domestic and overseas customers and the expected conversion rate. He also inquired about the company's plans for airworthiness certification and commercialization of the VT20 logistics model.

    Answer

    CFO Connor Yang stated that the 150 new orders in Q2 are firm purchase agreements, with 90% from domestic clients and 10% from overseas, and noted growing international demand. COO Zhao Wang explained that the currently operating VT20 series are small UAVs not requiring certification. Larger logistic models are in development and will undergo a certification process expected to be faster than previous ones, with a long-term plan for commercialization.

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