EHang Holdings (EH) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 31, 2023 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, ladies and gentlemen. Thank you for standby. And welcome to the EHang First Quarter 2023 Earnings Conference Call. As a reminder, we are recording today's call.

Now, I will turn the call over to Anne Ji, EHang's Senior Director of Investor Relations. Ms. Anne, please proceed.

Anne Ji

Hello, everyone. Thank you for joining us on today's conference call to discuss the company's financial results for the first quarter of 2023.

The earnings release is available on the company's IR website. Please note, the conference call is being recorded and the audio replay will be posted on the company's IR website.

On the call today, we have Mr. Huazhi Hu, our Founder, Chairman and Chief Executive Officer; Mr. Xin Fang, Chief Operating Officer; and Mr. Richard Liu, Chief Financial Officer.

The management team will successfully give prepared remarks. Remarks delivered in Chinese will be followed by English translations. All translation is for convenience purpose only. In case of any discrepancy, the management's statement in the original language will prevail. A Q&A session will follow afterwards.

Before we continue, please note that today's discussion will contain forward-looking statements made pursuant to the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from the expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's public filings with the SEC. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law.

Also, please note that all numbers presented are in RMB and are for the first quarter of 2023, unless stated otherwise.

With that, let me now turn the call over to our CEO, Mr. Huazhi Hu. Please go ahead, Mr. Hu.

Huazhi Hu

[Foreign Language]

[Interpreted] This is the English translation of Mr. Hu's remarks. Hello, everyone. Thank you all for joining our conference call today.

Since the beginning of this year as the pandemic has eased, we have seen encouraging signs of recovery in the tourism industry. As a result, the demand for our AAVs from the clients in this sector has been growing. However, EHang 216-S is currently undergoing the process of obtaining airworthiness certification, and we are fulfilling customer orders with this determine.