Hesai Group (HSAI) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.096 gentlemen. Thank you for standing by. Welcome 00:00:04.096 -- 00:00:07.600 to HerSciGroup's first quarter 2025 earnings 00:00:07.600 -- 00:00:09.643 conference call. 00:00:09.643 -- 00:00:13.628 At this time, all participants are in listen-only mode. 00:00:13.628 -- 00:00:17.893 Please note that today's conference call is being recorded. 00:00:17.893 -- 00:00:22.359 I will now turn the call over to our first speaker today, Yuan-Ting Shi, the company's 00:00:22.359 -- 00:00:26.662 head of capital markets. Please go ahead. 00:00:26.947 -- 00:00:31.131 Thank you, operator. Hello, everyone. Thank you for joining He Sai Group's first quarter 00:00:31.131 -- 00:00:36.156 2025 earnings conference call. Our earnings release is now available on 00:00:36.156 -- 00:00:39.179 our IR website at investor.hesai.com, 00:00:39.179 -- 00:00:43.643 as well as via newswire services. Today, you will hear from our CEO, Dr. 00:00:43.643 -- 00:00:47.427 David Lee, who will provide an overview of our recent updates. 00:00:47.427 -- 00:00:52.292 Next, our CFO, Mr. Andrew Fan, will address our financial results before we open the 00:00:52.292 -- 00:00:57.320 call for questions. Before we continue, I refer you to the safe harbor statement 00:00:57.320 -- 00:01:01.587 in our earnings press release, which applies to this call, as we will make forward-looking 00:01:01.587 -- 00:01:06.395 statements. Please also note that the company will discuss non-GAAP measures today, which 00:01:06.395 -- 00:01:10.842 are more thoroughly explained and reconciled to the most comparable measures reported 00:01:10.842 -- 00:01:14.368 on the GAAP in our earnings release and SEC filings. 00:01:14.368 -- 00:01:17.453 With that, I'm pleased to turn over the call to our CEO, Dr. 00:0...