Hesai Group (HSAI) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.116 Hello, ladies and gentlemen. Thank you for standing by. 00:00:03.116 -- 00:00:04.658 Welcome 00:00:04.658 -- 00:00:09.726 to HerSciGroup's third quarter 2025 earnings conference call. 00:00:09.726 -- 00:00:13.471 At this time, all participants are in listen-only mode. 00:00:13.471 -- 00:00:17.357 Please note that today's conference call is being recorded. 00:00:17.357 -- 00:00:21.463 I will now turn the call over to our first speaker today, Yuan-Ting Shi, the company's 00:00:21.463 -- 00:00:23.306 head of capital markets. 00:00:23.306 -- 00:00:25.747 Please go ahead. 00:00:28.381 -- 00:00:32.787 Thank you, operator. Hello, everyone. Thank you for joining Hesai Group's third quarter 00:00:32.787 -- 00:00:38.055 2025 earnings conference call. Our earnings release is now available 00:00:38.055 -- 00:00:41.377 on our IR website at investor.hesaitech.com, 00:00:41.680 -- 00:00:45.045 as well as via Newswire Services. Today, 00:00:45.045 -- 00:00:50.293 you will hear from our CEO, Dr. David Lee, who will provide an overview of 00:00:50.293 -- 00:00:55.412 our recent updates. Next, our CFO, Mr. Andrew Fan, will address 00:00:55.412 -- 00:00:59.903 our financial results before we open the call for questions. 00:00:59.903 -- 00:01:05.056 Before we continue, I refer you to the Safe Harbor Statement in our earnings press release, 00:01:05.056 -- 00:01:09.303 which applies to this call as we will make forward-looking statements 00:01:09.303 -- 00:01:14.670 Please also note that the company will discuss non-GAAP measures today, which are more 00:01:14.670 -- 00:01:19.936 thoroughly explained and reconciled to the most comparable measures reported under GAAP 00:01:19.936 -- 00:01:22.519 in our earnings release and filings with the U.S. 00:01:22....