Hesai Technology: Net profit of 256 million yuan in the third quarter, turning losses into profits year-on-year

Wallstreetcn
2025.11.11 09:25

Hesai announced that its net income for the third quarter of 2025 was RMB 795 million, an increase of 47.5% year-on-year. The product revenue for the third quarter was RMB 790 million, an increase of 57.0% year-on-year. The year-on-year increase was mainly driven by strong demand in the Chinese and global markets, boosting sales revenue of ADAS and robotic lidar products. The net profit for the third quarter was RMB 256 million, compared to a net loss of RMB 70.4 million in the same period of 2024

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