{"id":876121,"date":"2025-08-14T18:36:54","date_gmt":"2025-08-14T22:36:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hesai-group-reports-second-quarter-2025-unaudited-financial-results\/"},"modified":"2025-08-14T18:36:54","modified_gmt":"2025-08-14T22:36:54","slug":"hesai-group-reports-second-quarter-2025-unaudited-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hesai-group-reports-second-quarter-2025-unaudited-financial-results\/","title":{"rendered":"Hesai Group Reports Second Quarter 2025 Unaudited Financial Results"},"content":{"rendered":"
\n

\n Quarterly net revenues were RMB706.4<\/em>
\n million (US$98.6 million)<\/em>
\n
\n 1
<\/em>
\n <\/sup>
\n Quarterly<\/em>
\n lidar<\/em>
\n shipments were<\/em>
\n 352,095 units
<\/em>
\n Quarterly net income was RMB44.1 million (US$6.2 million)<\/em>\n <\/p>\n

SHANGHAI, China, Aug. 14, 2025 (GLOBE NEWSWIRE) — Hesai Group (\u201cHesai\u201d or the \u201cCompany\u201d), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended June 30, 2025.<\/p>\n

\n Management Remarks<\/strong>\n <\/p>\n

\u201cThe second quarter marked a surge in our growth momentum with net revenues soaring over 50% year-over-year and net income exceeding RMB40 million, beating our GAAP breakeven target\u2014powered by strong customer demand and sharp operational execution,\u201d said Yifan \u201cDavid\u201d Li, Hesai\u2019s Co-Founder and CEO. \u201cIn ADAS, the \u2018Hesai Inside\u2019 label is now widely recognized as a mark of advanced perception and safety in intelligent vehicles. Throughout the quarter and in recent weeks, we secured a substantial number of new design wins through 2026 for 20 models from 9 leading OEMs. Notably, we achieved a platform win for multiple 2026 models with one of our top 2 ADAS customers, further cementing lidar as a standard feature across this customer\u2019s model lineups. These ADAS design wins will supercharge our order book, highlighting how lidars have emerged as a standard feature and are fueling mass-market adoption. Globally, we entered the C-sample stage with a top European OEM, keeping us on track for full-scale production and commercial launch expected in 2026. We also secured a new design win with Toyota, one of the world’s largest automakers, with mass production targeted for 2026, underscoring our expanding global footprint and world-class competitiveness. In the Robotics space, we ranked No.1 in lidar shipments in China for the first half of 2025, according to Gaogong Industry Research Institute (\u201cGGII\u201d). Our Robotics business is riding the wave of Physical AI as lidars become essential for AI to perceive the dynamic world and the best sensor for robotic mobility. This evolution will unlock vast new market opportunities ahead, which we\u2019re uniquely positioned to capitalize on and lead\u2014leveraging our automotive-grade expertise, global scale, and proven deployments across diverse industries. The stage is set. The lidar is on. The future\u2014digital, physical, and AI-driven\u2014has never looked sharper.\u201d<\/p>\n

\u201cWe are pleased to report another outstanding quarter, highlighted by strong revenue growth and a remarkable improvement in profitability,\u201d said Mr. Andrew Fan, Hesai\u2019s CFO. \u201cSecond-quarter net revenues increased by 54% year-over-year to RMB706.4 million (US$98.6 million), marking our fifth consecutive quarter of year-over-year growth and reflecting sustained momentum across both our ADAS and Robotics businesses. Our bottom line significantly outperformed our GAAP breakeven target, delivering net income of RMB44.1 million (US$6.2 million), compared to a net loss of RMB72.1 million in the same period last year. In the first six months of 2025, total shipments have already surpassed those of full-year 2024. According to Gasgoo, we ranked first in installation volume among long-range lidar suppliers during this period. Net income for the first six months reached RMB26.5 million (US$3.7 million), again beating our expectations.This substantial progress demonstrates our disciplined execution, effective cost control, and the powerful operating leverage inherent in our business model. Together, these results reinforce our confidence in driving sustainable growth and creating long-term value for our shareholders.\u201d<\/p>\n\n\n\n\n
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\n 1<\/sup> All translations from RMB to USD for the second quarter of 2025 were made at the exchange rate of RMB7.1636 to US$1.00, the exchange rate on June 30, 2025, set forth in the H.10 statistical release of the Federal Reserve Board.<\/td>\n<\/tr>\n
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