Hesai Technology's 2024 Full-Year Performance Guidance

Hesai Technology expects full-year revenue in 2024 to be between RMB 2.5 billion and RMB 2.8 billion, with total LiDAR shipments exceeding 500,000 units. Gross profit margin is expected to reach 30% to 35%, with US revenue accounting for less than 20% of total revenue. Hesai Technology said that although the Robotaxi business is small in size, its ASP and profit margin are relatively high, and it has always been a very important part of the company's business. This will help the company maintain the growth of its comprehensive gross profit margin.