Hesai Technology Announces First Quarter 2025 Financial Report

Hesai Technology announced its first quarter financial report for 2025, with revenue of RMB 530 million, a year-on-year increase of 46.3%. Full-year revenue is expected to increase by 44% to 69% year-on-year. GAAP net loss narrowed significantly by 84% year-on-year to RMB 17.5 million, achieving Non-GAAP profitability.