Hesai Group (HSAI) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, ladies and gentlemen. Thank you for standing by and welcome to the Hair Sales Group fourth quarter and full year 2024 earnings conference call. At this time, all participants are in a listen-only mode. Please note that today's conference call is being recorded. I will now turn the call over to our first speaker today, Yanting Shi, the company's head of capital markets. Please go ahead. Thank you, operator. Hello, everyone. Thank you for joining He Sai Group's fourth quarter in a four-year 2024 earnings conference call. Our earnings release is now available on our IR website at investor.hesaitech.com, as well as via Newswire Services. Today, you will hear from our CEO, Dr. David Lee, who will provide an overview of our recent updates. Next, our CFO, Mr. Andrew Fan, will address our financial results before we open the call for questions. Before we continue, I refer you to the safe harbor statement in our earnings press release, which applies to this call, as well as big forward-looking statements. Please also note that the company will discuss non-GAAP measures today, which are most thoroughly explained and reconciled to the most compatible GAAP measures in our earnings release and SEC filings. With that, I'm pleased to turn over the call to our CEO, Dr. David Lee. David, please go ahead. Thank you, Yuanjing, and thank you, everyone, for joining our call today. Let's start with a look back at the exciting journey we've had throughout 2024. 2024 was a transformational and a breakout year for Hosea, with lighter shipments and net revenues hitting record highs. Driven by accelerating LiDAR adoption in the ADAS and robotic sectors, we solidified our industry leadership and shipped over 500,000 LiDAR units in 2024, achieving an impressive growth rate of more than do...