Yihang Intelligent's Q2 revenue increased by 9 times year-on-year, with an expected Q3 revenue of 123 million yuan
胡胡胡美丽_ss
发表于 2024-8-22 20:41:38
182
0
0
On August 22, Yihang Intelligence released its Q2 2024 financial performance report: Q2 revenue was RMB 102 million, a significant increase of 919% year-on-year and 65% month on month, with quarterly revenue reaching a historic high. The revenue growth is attributed to the advantages of Yihang Intelligence in the sales of low altitude aircraft products after the completion of the three certificates. The flagship product EH216-S has seen a significant increase in sales, with a total of 49 EH216-S products delivered in the second quarter, a rapid increase compared to 5 in the same period last year and 26 in the first quarter.
Realizing a turnaround from losses to profits after adjustment, it is expected that the third quarter revenue will increase by approximately 330% year-on-year
In the second quarter, Yihang Intelligent turned loss into profit (after adjustment), with the adjusted net profit of 1.15 million yuan and the expected market loss of 24 million yuan. In addition, Yihang Intelligent has achieved positive operating cash flow for three consecutive quarters, with a cumulative financing of approximately 550 million yuan from ATM projects, further enhancing the company's liquidity. At the same time, the company's operating cash flow will also maintain a positive growth trend in the future, and there will be no further ATM issuance within 2024. The financing amount will be used for the research and development of Yihang Intelligent's next-generation eVTOL technology and products, team expansion, capacity expansion, construction of the new headquarters in Guangzhou, next steps of commercial operation, and other company purposes.
Since the third quarter of last year, the EH216 series has accumulated over 1000 orders in China, providing a sufficient foundation for future delivery and performance growth. In terms of performance outlook, Yihang Intelligence expects to generate revenue of approximately RMB 123 million in the third quarter of 2024, a year-on-year increase of approximately 330% and a month on month increase of 20.6%, maintaining a quarterly growth trend.
Hu Huazhi, founder, chairman, and CEO of Yihang Intelligent, said, "The EH216-S has obtained three certifications, allowing us to accelerate production and delivery processes. Coupled with the government's support policies to promote the development of the low altitude economy, it has driven a significant increase in demand and orders from domestic and foreign customers, including the government and tourism operators. Therefore, we delivered 49 EH216-S aircraft this quarter, setting a new historical high and driving significant revenue growth. We have also signed hundreds of purchase orders and intention orders for EH216-S aircraft with domestic customers
The next step is to focus on sales and operations, and it is expected that the first OC will be approved this year
In addition to sales and delivery, Yihang Intelligence has also begun planning the next step of commercial operation. In July of this year, the Civil Aviation Administration of China officially accepted the application for an Operation Certificate ("OC") submitted by Hefei Heyi Airlines, a joint venture operating company of Yihang Navigation, a wholly-owned subsidiary of Yihang Intelligent specializing in UAM operation services, in Hefei. At present, the review team of the Civil Aviation Administration of China has completed the document review work and will conduct on-site review in Hefei. The company expects the first OC to be approved within this year.
Regarding the operation of eVTOL, Hu Huazhi said, "Under the strategy of combining operation and sales, we have made significant progress in accelerating the preparation work for urban air traffic commercial operation for our customers in terms of after-sales, including personnel training, infrastructure construction, operational standards, and certification. The Civil Aviation Administration of China has officially accepted the application for the Operational Qualification Certificate (OC) submitted by Yihang Navigation and Heyi Airlines. In addition, our customers and partners in Guangzhou, Shenzhen, Taiyuan, Wuxi and other places are actively preparing OC applications to accelerate the construction of EH216-S as a demonstration model for low altitude economic commercial operation in the local area
Real gold and silver support for low altitude development in various regions
The reporter noticed that since the second quarter, several securities research departments including Morgan Stanley, Deutsche Bank, CITIC Securities, Tianfeng Securities, Huatai Securities, Haitong International, Tianfeng International, Huachuang Securities, and Guoxin Securities have released the first coverage report of Yihang Intelligence, giving it a "buy in", "increase in holdings" or "better than the market" rating, with a maximum target price of $32.98.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Alibaba: Cloud Intelligence Group's revenue for the second quarter was RMB 29.61 billion, a year-on-year increase of 7%
- Yihang Intelligent's third quarter revenue was 128 million yuan, a year-on-year increase of 347.8%
- Xinye Technology's net profit for the third quarter of 2024 was 624 million yuan, a year-on-year increase of 8.6%
- Yaduo Group: Third quarter revenue increased by 46.7% year-on-year to 1.899 billion yuan
- The parent company of Archaeopteryx, Amalfin Sports, saw a year-on-year increase of 257% in net profit for the third quarter of 2024
- NIO: Expected fourth quarter total revenue of 19.676 billion yuan to 20.383 billion yuan, a year-on-year increase of 15% to 19.2%
- Japan plans to launch a trillion yuan economic stimulus plan, with a focus on investing in chips and AI fields
- Jiayin Technology Third Quarter Report: Promoted transaction amount of 26.7 billion yuan, a year-on-year increase of 10.3%
- Pinduoduo 2024 Q3 conference call: Revenue and profit fall short of expectations, competition challenges intensify
- The total delivery volume in the first nine months increased by 136% year-on-year, and Lotus' electric strategy has achieved significant results
-
美东时间周五,美股三大指数集体收涨,截止收盘,道指涨0.97%,本周累涨1.96%;纳指涨0.16%,本周累涨1.73%;标普500指数涨0.35%,本周累涨1.68%。 大型科技股涨跌不一,特斯拉涨近4%,微软涨1%,苹果、奈飞 ...
- budingmm
- 前天 10:41
- 支持
- 反对
- 回复
- 收藏
-
新华财经上海11月23日电默沙东与中国癌症基金会23日签署中国低卫生资源地区宫颈癌综合防控项目捐赠协议,将聚焦加速消除宫颈癌这一目标,计划在未来两年由默沙东向中国癌症基金会捐赠共计8.1万支HPV疫苗。 ...
- 逸风宝宝
- 前天 18:00
- 支持
- 反对
- 回复
- 收藏
-
11月21日晚,路特斯(LOT.US)公布2024年第三季度财报。1—9月,路特斯总交付量共有7617辆,同比增长136%。此外,公司前九个月总收入为6.53亿美元,同比增长翻番。 具体来看,路特斯全球各主要市场交付比例 ...
- 接通无语语sw
- 前天 09:51
- 支持
- 反对
- 回复
- 收藏
-
11月23日,香港科技大学举行荣誉博士学位颁授典礼及博士毕业典礼,其中向英伟达创始人兼CEO黄仁勋颁授工程学荣誉博士,称赞其带领英伟达在加速运算领域取得杰出成果,研发的GPU重新定义电脑视觉体验并为人工智能 ...
- 寒武季节俨
- 前天 17:12
- 支持
- 反对
- 回复
- 收藏