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CHANG IZAN EH Nasdaq Listed EHang Reports First Quarter 2021 Unaudited Financial Results - Achieved Quarterly Positive Operating Cash Flow Again Maintained High Quarterly Gross Margin Guangzhou , China , August 25 , 2021 -- EHang Holdings Limited ( “ EHang ” or the “ Company ” ) ( Nasdaq : EH ) , the world's leading autonomous aerial vehicle ( " AAV " ) technology platform company , today announced its unaudited financial results for the first quarter ended March 31 , 2021 . First Quarter 2021 Financial and Operational Highlights • • • • • • • with growth Total revenues were RMB23.0 million ( US $ 3.5 million ) , up 22.1 % year - over - year , mainly in air mobility solutions . Revenues from air mobility solutions contributed 98.4 % of the total revenues in the first quarter of 2021 . Gross margin was 63.2 % , an increase of 3.9 percentage points year - over - year , driven by continuous optimization of cost structure of air mobility products and the change in revenue mix . Operating loss was RMB66.2 million ( US $ 10.1 million ) , compared with operating loss of RMB21.1 million in the first quarter of 2020. The change in operating loss was mainly due to the increase in share - based compensation expenses charged to operating expenses . Adjusted operating loss¹ ( non - GAAP ) was RMB17.3 million ( US $ 2.6 million ) , compared with adjusted operating loss of RMB19.2 million in the first quarter of 2020 . Net loss was RMB62.5 million ( US $ 9.5 million ) , compared with net loss of RMB20.4 million in the first quarter of 2020 . Adjusted net loss² ( non - GAAP ) was RMB13.7 million ( US $ 2.1 million ) , compared with adjusted net loss of RMB18.5 million in the first quarter of 2020 . Net cash from operating activities was RMB16.2 million ( US $ 2.5 million ) , a significant growth compared to negative RMB29.1 million in the first quarter of 2020 . Cash and cash equivalents and short - term investments amounted to RMB480.5 million ( US $ 73.3 million ) as of March 31 , 2021 , mainly due to the US $ 40 million investment from Carmignac and the positive net cash from operating activities achieved . Sales of the EHang 216 series of passenger - grade AAVs , were 15 units , compared with 9 units in the first quarter of 2020 . First Quarter 2021 Business Highlights 1 Adjusted operating loss is a non - GAAP financial measure , which is defined as operating loss excluding share- based compensation expenses . See “ Non - GAAP Financial Measures " at the end of this press release . 2 Adjusted net loss is a non - GAAP financial measure , which is defined as net loss excluding share - based compensation expenses . See “ Non - GAAP Financial Measures ” at the end of this press release . 1