Business
Hesai Group Reports Fourth Quarter and Full Year 2025 Unaudited Financial Results
Quarterly net revenues were RMB1,000.5 million (US$143.1 million)1Quarterly lidar shipments were 631,095 unitsQuarterly net income was RMB153.2 million (US$21.9 million)Full year 2025 net revenues were RMB3,027.6 million (US$432.9 million)Full year 2025 lidar shipments were 1,620,406 unitsFull year 2025 net income was RMB435.9 million (US$62.3 million) SHANGHAI, China, March 24, 2026 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI; HKEX: 2525), the global leader in three
About this update from Hesai Group Class B
[{"type":"text","content":"Quarterly net revenues were RMB1,000.5 million (US$143.1 million)1Quarterly lidar shipments were 631,095 unitsQuarterly net income was RMB153.2 million (US$21.9 million)Full year 2025 net revenues were RMB3,027.6 million (US$432.9 million)Full year 2025 lidar shipments were 1,620,406 unitsFull year 2025 net income was RMB435.9 million (US$62.3 million)","length":359,"tagName":"p"},{"type":"text","content":"SHANGHAI, China, March 24, 2026 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI; HKEX: 2525), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months and full year ended December 31, 2025.","length":312,"tagName":"p"},{"type":"text","content":"Management Remarks","length":18,"tagName":"p"},{"type":"text","content":"“2025 was a landmark year as Hesai became the first lidar company to achieve full-year GAAP profitability, while also ranking No.1 in 2025 with over 40% share of the long-range automotive lidar market, according to Gasgoo,” said Dr. Yifan “David” Li, Hesai’s Co-Founder and CEO. “As lidar emerges as the ‘invisible airbag’ for ADAS safety, we have secured design wins with all top ten Chinese OEMs, expanded into the sub-RMB100,000 mass market, captured the multi-lidar L3 inflection point, and accelerated global expansion through partnerships with NVIDIA and others. These milestones are structurally increasing lidar content per vehicle and broadening our total addressable market. Beyond automotive, substantial opportunities are also opening up, where Hesai ranked No.1 across major robotics submarkets, such as humanoid and quadruped robots, robotaxis, robovans, and robotic lawn mowers, according to GGII, Yole Group, and Frost & Sullivan. To fully capitalize on the surging demand across both ADAS and Robotics, we are scaling our annual production capacity to over 4 million units in 2026.”","length":1103,"tagName":"p"},{"type":"text","content":"Dr. Li continued, “As the AI-driven Fourth Industrial Revolution accelerates, Hesai is positioning to become the key enabler of Physical AI—digitizing the real world, redefining how humans and robotics perceive and act. Over the coming months, we will launch new flagship products, each targeting an addressable market worth trillions of RMB, bringing this vi...