Hesai Technology Releases 2024 Q4 and Full-Year Financial Report

Hesai Technology released its financial report for the fourth quarter and full year of 2024. Hesai Technology's revenue reached 2.08 billion yuan and its net profit was 13.69 million yuan, of which the revenue in the fourth quarter was 720 million yuan. The total delivery volume of LiDAR for the whole year was 501,889 units, a year-on-year increase of 126.0%. The delivery volume in the fourth quarter reached 222,054 units, a year-on-year increase of 153.1%. In 2025, the shipment volume of LiDAR is expected to reach 1.2 million to 1.5 million units, of which LiDAR in the field of robotics is expected to reach 200,000 units. In 2025, Hesai Technology expects its net revenue to reach 3 billion to 3.5 billion yuan, GAAP profit to reach 200 million to 350 million yuan, and Non-GAAP profit to increase to 350 million to 500 million yuan.