S1: Financial and operational highlights:
– Revenue: RMB 26.1 million.
– Revenue Segment: Delivery of 11 units of EH216S.
– Revenue Growth: Declined compared to previous quarters due to seasonal factors, budgeting process delays, and pending OC certification.
– Gross Profit: RMB 16.3 million.
– Gross Margin: 62.4%.
– Cash Reserve: RMB 1.11 billion.
– R&D Expense: Close to 50% of the team is dedicated to R&D.
– Marketing Reach: Featured in over 19,000 domestic media reports with an estimated 80 billion views and mentioned over 3,600 times internationally.
S2: Market Expansion
– Focus on expanding production capacity with additional assembly facilities in Hefei and Weihai and doubling main factory size in Yunfu.
– Growth in order volumes from various Chinese provinces.
– Expansion in international operations with successful demo flights in Spain and Mexico and ongoing projects in Thailand.
S3: Strategic cooperation
– Entered partnerships with JAC Motors and Guoxian Holdings for next-gen manufacturing base in Hefei.
– Trilateral collaboration with CCIT and CCCFHDI Engineering to develop tourism routes, smart transport corridors, and emergency networks.
– Joint low altitude flight safety lab collaboration with the University of Zaragoza and Guangzhou University.
S4: New Product Launch
– VT35: Undergoing full-scale flight testing, expects to unveil in Q3 2025.
– New UAVs tailored for emergency use nearing finalization.
S5: Management Change
– No management changes were discussed during the call.
S6: Next quarter forward looking estimates by management team
– Anticipate strong rebound in sales and deliveries in Q2.
– Maintain full-year revenue guidance at RMB 900 million.
– Expect significant growth in deliveries, leveraging newly granted OC certifications.
– Continue to observe robust demand with contracts and deliveries starting Q2.