EH vs NIO
EHang Holdings Limited and NIO Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | EH | NIO |
|---|---|---|
| Revenue | ¥418.0M | ¥87.5B |
| Net income | ¥-276.0M | ¥-14.9B |
| Gross margin | 61.5% | 13.6% |
| Net margin | −66.0% | −17.1% |
| Return on equity | −27.3% | −295.1% |
| Diluted EPS | — | — |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | ¥-327.4M | ¥-3.1B |
| Equity | ¥1.1B | ¥4.2B |
| Net debt / equity | −0.16× | −0.48× |
| Current ratio | 2.07× | 0.98× |
| Revenue CAGR 5y | 18.3% | 40.0% |
| Profit CAGR 5y | — | — |
NIO bills 209.3× the revenue of EH, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
9 years side by side
| Fiscal year | EH | NIO |
|---|---|---|
| FY2025 | ¥418.0M | ¥87.5B |
| FY2024 | ¥456.2M | ¥65.7B |
| FY2023 | ¥117.4M | ¥55.6B |
| FY2022 | ¥44.3M | ¥49.3B |
| FY2021 | ¥56.8M | ¥36.1B |
| FY2020 | ¥180.1M | ¥16.3B |
| FY2019 | ¥121.8M | ¥7.8B |
| FY2018 | ¥66.5M | ¥5.0B |
| FY2017 | ¥31.7M | ¥0 |
Net income by year
Bottom line
| Fiscal year | EH | NIO |
|---|---|---|
| FY2025 | ¥-276.0M | ¥-14.9B |
| FY2024 | ¥-229.8M | ¥-22.4B |
| FY2023 | ¥-301.7M | ¥-20.7B |
| FY2022 | ¥-328.2M | ¥-14.4B |
| FY2021 | ¥-314.0M | ¥-4.0B |
| FY2020 | ¥-87.6M | ¥-5.3B |
| FY2019 | ¥-48.5M | ¥-11.3B |
| FY2018 | ¥-79.1M | ¥-9.6B |
| FY2017 | ¥-87.4M | ¥-5.0B |
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