EHang Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	227.18	610.88	228.25	249.31	246.86	137.84
Short-Term Investments	869.66	529.77	73.26	-	65.11	49.27
Cash & Short-Term Investments	1,097	1,141	301.51	249.31	311.97	187.11
Cash Growth	5.75%	278.31%	20.94%	-20.09%	66.73%	-43.19%
Accounts Receivable	164.34	58.18	34.79	31.1	56.19	163.86
Other Receivables	-	-	-	-	1.36	-
Receivables	164.34	58.18	36.95	35.1	57.55	163.86
Inventory	107.74	95.74	61.66	79.27	86.36	47.09
Prepaid Expenses	-	6.73	6.7	11.16	1.67	-
Restricted Cash	-	-	-	-	0.16	2.33
Other Current Assets	174.2	55.73	46.23	12.32	19.44	24.06
Total Current Assets	1,543	1,357	453.05	387.16	477.15	424.46
Property, Plant & Equipment	291.11	188.66	119.15	120.54	33.82	20.87
Long-Term Investments	59.42	33.76	18.37	9.84	6.14	2.92
Other Intangible Assets	2.76	2.62	2.43	1.96	0.75	1.06
Long-Term Accounts Receivable	-	-	-	-	-	16.2
Other Long-Term Assets	31.09	2.44	1.44	1.39	2.37	4.1
Total Assets	1,928	1,584	598.65	530.87	535.43	484.55
Accounts Payable	133.23	127.45	35.1	35.46	45.56	60.41
Accrued Expenses	189.37	124.8	71.68	61.66	49.23	38.9
Short-Term Debt	239.58	64.25	69.8	107.63	10	15
Current Portion of Long-Term Debt	8.3	10.5	3.54	13.15	3	30
Current Portion of Leases	17.14	12.53	5.6	5.52	-	-
Current Income Taxes Payable	0.01	0.15	0.03	0.01	0	-
Current Unearned Revenue	75.07	65.27	41.87	22.81	16.03	8.32
Other Current Liabilities	-	65.4	22.47	36.1	12.62	5.42
Total Current Liabilities	662.69	470.34	250.08	282.34	136.45	158.05
Long-Term Debt	87.6	20.5	9.31	3.85	17	-
Long-Term Leases	115.6	125.72	75.31	69.91	-	-
Long-Term Unearned Revenue	0.18	-	1.49	2.93	2.17	3.03
Long-Term Deferred Tax Liabilities	0.29	0.29	0.29	0.29	0.29	0.29
Other Long-Term Liabilities	8.99	11.83	7.96	6.87	5.48	5.48
Total Liabilities	875.35	628.68	344.43	366.19	161.39	166.85
Common Stock	0.09	0.09	0.08	0.08	0.08	0.07
Additional Paid-In Capital	3,274	2,923	1,952	1,558	1,459	1,081
Retained Earnings	-2,224	-1,983	-1,753	-1,449	-1,121	-807
Treasury Stock	-10.09	-10.09	-	-	-	-
Comprehensive Income & Other	12.43	25.54	15.08	15.01	-5.89	1.95
Total Common Equity	1,053	955.64	213.79	124.26	332.6	276.32
Minority Interest	-0.63	0.17	40.43	40.42	41.45	41.38
Shareholders' Equity	1,052	955.81	254.22	164.68	374.05	317.7
Total Liabilities & Equity	1,928	1,584	598.65	530.87	535.43	484.55
Total Debt	468.22	233.5	163.55	200.07	30	45
Net Cash (Debt)	628.62	907.15	137.97	49.25	281.97	142.11
Net Cash Growth	-13.41%	557.51%	180.16%	-82.53%	98.42%	-51.30%
Net Cash Per Share	8.69	13.50	2.27	0.86	4.99	2.59
Filing Date Shares Outstanding	74.31	71.93	63.29	58.17	56.93	55.43
Total Common Shares Outstanding	74.31	71.93	63.29	58.17	56.93	54.81
Working Capital	880.43	886.68	202.97	104.81	340.7	266.41
Book Value Per Share	14.17	13.29	3.38	2.14	5.84	5.04
Tangible Book Value	1,050	953.03	211.37	122.3	331.86	275.26
Tangible Book Value Per Share	14.13	13.25	3.34	2.10	5.83	5.02
Machinery	-	48.66	42.88	37.24	28.7	16.37
Construction In Progress	-	16.99	1.52	1.89	1.72	11.98
Leasehold Improvements	-	30.24	35.02	32.63	30.25	15.02

Updated Nov 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q