Hesai Group (HSAI) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.834 Hello, ladies and gentlemen. Thank you for standing by. 00:00:02.834 -- 00:00:07.881 Welcome to Hersai Group's fourth quarter and full year 2025 earnings 00:00:07.881 -- 00:00:09.903 conference call. 00:00:09.903 -- 00:00:13.928 At this time, all participants are in a listen-only mode. 00:00:13.928 -- 00:00:18.053 Please note that today's conference call is being recorded. 00:00:18.053 -- 00:00:22.198 I will now turn the call over to our first speaker today, Yuan-Ting Shi, the company's 00:00:22.198 -- 00:00:25.698 head of capital markets. Please go ahead. 00:00:25.698 -- 00:00:30.526 Thank you, Operator. Hello, everyone. Thank you for joining HESA Group's fourth quarter 00:00:30.526 -- 00:00:34.452 and full year 2025 earnings conference call. 00:00:34.452 -- 00:00:39.857 Our earnings release is now available on our IR website at investor.hesatech.com, 00:00:40.561 -- 00:00:43.767 as well as via Newswire Services. 00:00:43.767 -- 00:00:49.015 Today, you will hear from our CEO, Dr. David Lee, who will provide an overview 00:00:49.015 -- 00:00:51.198 of our recent updates. 00:00:51.198 -- 00:00:56.447 Next, our CFO, Mr. Andrew Pham. will address our financial results before 00:00:56.447 -- 00:00:59.050 we open the call for questions. 00:00:59.050 -- 00:01:04.096 Before we continue, I refer you to the safe harbor statement in our earnings press release, 00:01:04.096 -- 00:01:08.441 which applies to this call as we will make forward-looking statements. 00:01:08.441 -- 00:01:13.487 Please also note that the company will discuss non-GAAP measures today, which are more 00:01:13.487 -- 00:01:18.513 thoroughly explained and reconciled to the most comparable measures reported under GAAP 00:01:18.513 -- 00:01:21.858 in our earnings release an...