EHang Holdings Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Quarter	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020
Period Ending	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	227.18	378.58	382.46	610.88	611.75	623.44	250.86	228.25	233.04	127.07	184.11	249.31	137.42	207.13	204.11	246.86	284.39	319.92	462.47	137.84
Short-Term Investments	869.66	741.3	700.21	529.77	425.45	333.5	72.97	73.26	28.75	-	-	-	71.36	33.56	32.81	65.11	72.63	86.56	18	49.27
Cash & Short-Term Investments	1,097	1,120	1,083	1,141	1,037	956.93	323.83	301.51	261.79	127.07	184.11	249.31	208.78	240.68	236.92	311.97	357.03	406.48	480.47	187.11
Cash Growth	5.75%	17.03%	234.33%	278.31%	296.19%	653.09%	75.89%	20.94%	25.39%	-47.21%	-22.29%	-20.09%	-41.52%	-40.79%	-50.69%	66.73%	47.23%	57.72%	86.95%	-43.19%
Accounts Receivable	164.34	121.12	28.53	58.18	18.4	49.07	21.73	34.79	16.65	16.4	24.82	31.1	39.13	54.8	53.85	56.19	95.77	111.8	96.43	163.86
Other Receivables	-	-	-	-	-	-	-	-	1.7	-	-	-	-	-	-	1.36	-	-	-	-
Receivables	164.34	121.12	28.53	58.18	18.4	49.07	21.73	36.95	18.35	16.4	24.82	35.1	39.13	54.8	53.85	57.55	95.77	111.8	96.43	163.86
Inventory	107.74	107.03	109.03	95.74	67.88	71.18	62.37	61.66	65.22	70.53	66.2	79.27	79.46	79.23	85.78	86.36	66.06	54.2	43.4	47.09
Prepaid Expenses	-	-	-	6.73	-	-	-	6.7	-	-	-	11.16	-	-	-	1.67	-	-	-	-
Restricted Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.16	-	-	-	2.33
Other Current Assets	174.2	98.85	83.14	55.73	70.22	52.84	26.98	46.23	81.78	81.79	76.24	12.32	48.62	34.13	47.85	19.44	34.42	33.9	29.5	24.06
Total Current Assets	1,543	1,447	1,303	1,357	1,194	1,130	434.91	453.05	427.14	295.79	351.37	387.16	375.99	408.85	424.4	477.15	553.28	606.37	649.8	424.46
Property, Plant & Equipment	291.11	260.79	250.26	188.66	167.67	162.77	136.05	119.15	122.33	117.33	116.53	120.54	115.77	50.29	52.75	33.82	35.44	34.61	29.57	20.87
Long-Term Investments	59.42	61.61	32.04	33.76	22.72	17.46	18.02	18.37	15.88	14.14	9.75	9.84	8.01	7.94	6.16	6.14	3.62	2.92	2.92	2.92
Other Intangible Assets	2.76	2.88	2.62	2.62	2.38	2.38	2.59	2.43	2.31	2.14	2.16	1.96	1.53	0.96	0.71	0.75	0.81	0.87	0.96	1.06
Long-Term Accounts Receivable	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16.2
Other Long-Term Assets	31.09	3.41	12.46	2.44	2.06	2.06	1.44	1.44	1.64	1.56	1.38	1.39	1.41	1.65	2.35	2.37	2.38	3.31	21.76	4.1
Total Assets	1,928	1,776	1,601	1,584	1,389	1,315	593.01	598.65	576.86	438.96	489.18	530.87	504.56	471.52	488.21	535.43	608.78	661.23	718.09	484.55
Accounts Payable	133.23	147.46	142.17	127.45	104.49	73.97	42.08	35.1	33.69	33.61	32	35.46	34.67	40.22	40.19	45.56	44.64	35.77	35.36	60.41
Accrued Expenses	189.37	176.77	124.17	124.8	118.18	103.25	80.41	71.68	82.06	93.93	99.99	61.66	69.79	71.27	58.22	49.23	52.2	59	51.09	38.9
Short-Term Debt	239.58	159.28	94.56	64.25	159.59	159.44	39.99	69.8	39.57	59.34	138.97	107.63	39.79	19.79	9.79	10	10	10	15	15
Current Portion of Long-Term Debt	8.3	12.5	13.5	10.5	10	4	3.5	3.54	3.54	1.54	1.54	13.15	14.27	13.89	15	3	-	-	-	30
Current Portion of Leases	17.14	16.81	15.32	12.53	10.96	10.27	7.34	5.6	7.53	6.6	4.65	5.52	11.11	11.12	11.43	-	-	-	-	-
Current Income Taxes Payable	0.01	0.11	0.01	0.15	0.13	0	0.01	0.03	0	0	0	0.01	0.01	0	0	0	-	-	-	-
Current Unearned Revenue	75.07	65.11	57	65.27	56.95	140.92	47.57	41.87	32.4	26.07	20.64	22.81	20	16.82	15.16	16.03	11.74	19.5	24.43	8.32
Other Current Liabilities	-	-	40	65.4	40	40	-	22.47	-	-	-	36.1	-	-	-	12.62	-	-	-	5.42
Total Current Liabilities	662.69	578.03	486.73	470.34	500.3	531.83	220.9	250.08	198.8	221.09	297.79	282.34	189.63	173.12	149.8	136.45	118.58	124.27	125.88	158.05
Long-Term Debt	87.6	59.9	62	20.5	7.5	14	15.5	9.31	10.69	3.08	3.46	3.85	4.23	4.62	5	17	20	20	20	-
Long-Term Leases	115.6	117.85	120.22	125.72	123.14	119.09	93.56	75.31	76.16	70.86	69.69	69.91	70.18	8.29	10.63	-	-	-	-	-
Long-Term Unearned Revenue	0.18	0.4	-	-	0.32	0.72	1.1	1.49	1.9	2.27	2.53	2.93	1.81	1.9	1.98	2.17	2.39	2.59	2.85	3.03
Long-Term Deferred Tax Liabilities	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29
Other Long-Term Liabilities	8.99	9.37	9.02	11.83	10.18	9.39	8.29	7.96	7.75	7.45	6.97	6.87	6.91	6.83	5.48	5.48	5.48	5.48	5.48	5.48
Total Liabilities	875.35	765.84	678.26	628.68	641.73	675.32	339.64	344.43	295.59	305.05	380.72	366.19	273.05	195.05	173.18	161.39	146.74	152.63	154.5	166.85
Common Stock	0.09	0.09	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07
Additional Paid-In Capital	3,274	3,142	2,970	2,923	2,677	2,509	2,014	1,952	1,902	1,688	1,592	1,558	1,514	1,493	1,470	1,459	1,437	1,413	1,387	1,081
Retained Earnings	-2,224	-2,142	-2,061	-1,983	-1,936	-1,888	-1,817	-1,753	-1,681	-1,614	-1,538	-1,449	-1,339	-1,263	-1,190	-1,121	-1,016	-943.56	-869.17	-807
Treasury Stock	-10.09	-10.09	-10.09	-10.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive Income & Other	12.43	19.53	23.54	25.54	5.59	18.65	15.83	15.08	19.6	19.26	14.29	15.01	16.26	5.44	-7	-5.89	-0.1	-1.33	4.55	1.95
Total Common Equity	1,053	1,010	922.62	955.64	746.61	639.1	213	213.79	240.64	93.22	67.61	124.26	190.87	235.41	273.74	332.6	421.49	467.78	522.57	276.32
Minority Interest	-0.63	-0.29	-0.14	0.17	0.19	0.27	40.36	40.43	40.63	40.69	40.86	40.42	40.64	41.06	41.29	41.45	40.55	40.82	41.02	41.38
Shareholders' Equity	1,052	1,010	922.48	955.81	746.8	639.36	253.36	254.22	281.27	133.92	108.46	164.68	231.51	276.48	315.03	374.05	462.04	508.61	563.59	317.7
Total Liabilities & Equity	1,928	1,776	1,601	1,584	1,389	1,315	593.01	598.65	576.86	438.96	489.18	530.87	504.56	471.52	488.21	535.43	608.78	661.23	718.09	484.55
Total Debt	468.22	366.34	305.6	233.5	311.19	306.79	159.89	163.55	137.49	141.41	218.31	200.07	139.59	57.71	51.85	30	30	30	35	45
Net Cash (Debt)	628.62	753.54	777.07	907.15	726.01	650.14	163.94	137.97	124.3	-14.35	-34.2	49.25	69.19	182.97	185.08	281.97	327.03	376.48	445.47	142.11
Net Cash Growth	-13.41%	15.90%	374.01%	557.51%	484.09%	-	-	180.16%	79.64%	-	-	-82.53%	-78.84%	-51.40%	-58.45%	98.42%	43.75%	73.77%	101.31%	-51.30%
Net Cash Per Share	8.46	10.41	10.80	12.84	10.54	9.89	2.59	2.20	2.01	-0.24	-0.58	0.85	1.21	3.20	3.24	4.97	5.88	6.79	8.06	2.59
Filing Date Shares Outstanding	74.31	72.37	71.94	71.93	68.9	65.77	63.35	63.29	61.93	60.08	58.77	58.17	57.37	57.2	57.18	56.93	55.62	55.43	55.24	55.43
Total Common Shares Outstanding	74.31	72.37	71.94	71.93	68.9	65.77	63.35	63.29	61.93	60.08	58.77	58.17	57.37	57.2	57.18	56.93	55.62	55.43	55.24	54.81
Working Capital	880.43	868.85	816.64	886.68	693.39	598.18	214.01	202.97	228.34	74.7	53.58	104.81	186.36	235.73	274.6	340.7	434.71	482.1	523.92	266.41
Book Value Per Share	14.17	13.96	12.82	13.29	10.84	9.72	3.36	3.38	3.89	1.55	1.15	2.14	3.33	4.12	4.79	5.84	7.58	8.44	9.46	5.04
Tangible Book Value	1,050	1,007	919.99	953.03	744.22	636.71	210.41	211.37	238.33	91.08	65.45	122.3	189.33	234.45	273.03	331.86	420.68	466.91	521.61	275.26
Tangible Book Value Per Share	14.13	13.92	12.79	13.25	10.80	9.68	3.32	3.34	3.85	1.52	1.11	2.10	3.30	4.10	4.78	5.83	7.56	8.42	9.44	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