On December 5th, the unmanned aerial vehicle manufacturer Yiqian forwarded the British Stock Exchange Federation (SEC) to upgrade the prospectus. The upgraded prospectus showed information. EHang estimated to sell 3.2 million British Depositary Receipts (ADS) , Each ADS offer price segment will be between $ 12.5 to $ 14.50. Therefore, the largest fundraising amount of EHang solution is about 46.4 million US dollars.
The prospectus shows information that the personal income of the IPO will be applicable to five levels, including further product research and development of goods, services and technology; marketing and online marketing, including development and design of worldwide marketing channels; expansion of production capacity; development Design solutions for air traffic in big cities, and their potential war investment and recovery.
EHang was founded in 2014, and initially engaged in consumer-grade unmanned aircraft business processes. Later, due to the power of DJI Technology and over-the-air supervision, many drone companies within EHANG's intelligence were forced to transform and develop new opportunities. According to the prospectus of EHang, at the end of 2016, the company began to gradually replace the consumer-grade unmanned aircraft business process, and then gradually transitioned to the application field.
At this stage, EHang will be located in the high-tech company of intelligent unmanned four-axis aircraft, presenting unmanned four-axis aircraft (AAV) and solutions, including large city air traffic (passenger travel and transportation logistics), New smart city management methods and the main uses of news media over the sky. As of September 30, 2019, air traffic operating income was more than 48.8 million yuan, accounting for 72.7% of the annual revenue.
The latest prospectus shows information. As of December 5, EHang has delivered 38 manned aircraft for testing, training and demonstrations, and 48 undelivered orders.
EHang also stated in the prospectus that as of the end of September 2019, the company had created a R & D department consisting of 125 people, accounting for about half of its employees. The company has obtained 138 patents in China, involving key technologies such as aviation control and commander automatic control system.
In the whole year of 2018, EHang obtained a turnover of more than 3.1 million yuan and 30.5 million yuan in the three business processes of big city air traffic (including cargo transportation and freight logistics), new smart city management methods, and overhead news media solutions. And RMB 31.3 million, accounting for 4.7%, 45.8% and 47.0% of the total turnover, respectively.
The company said that it would actively promote the landing of manned aircraft products worldwide.