Hesai Group

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Hesai Group excels in Q4, eyes global expansion and margin growth

Hesai Group's strong Q4 performance and successful IPO reflect robust growth and market acceptance.
Challenges ahead include margin pressures from increased ADAS sales and potential slowdown in Q1 ADAS units.
Opportunities lie in securing global OEM deals, expanding market presence, and shifting revenue split towards ADAS.
Overall, Hesai Group is well-positioned for growth with strategic partnerships and innovative LiDAR product offerings.

Hesai Group reports record revenue growth and navigates LiDAR challenges

Hesai Group's Q1 2023 performance reflects strong revenue growth and market leadership in LiDAR technology, with a positive outlook for increased shipments and product innovation.
Challenges include pricing pressures from declining ASP, evolving EV competition impacting feature integration, and the need to balance innovation with product longevity.
Opportunities lie in leveraging LiDAR for competitive advantage, expanding market presence in China's EV sector, and advancing R&D for enhanced product performance and cost efficiency.

Hesai Group reports record Q2 earnings, eyes market leadership

Hesai Group's Q2 2023 performance reflects exceptional growth in revenues and LiDAR shipments, positioning the company as a market leader.
While facing short-term margin pressure and OEM scrutiny, Hesai's strategic partnerships and product enhancements present significant growth opportunities.
Anticipated growth in shipments, stable gross margins, and a focus on safety standards underscore Hesai's strong market position and future potential.

Hesai Group excels in Q3, eyes global expansion and tech innovation

Hesai Group's Q3 performance exceeded expectations with strong revenue growth and margin maintenance.
The company's focus on innovation, partnerships, and quality positions it well for future growth.
Challenges in price competition and OpEx increase are being addressed strategically.
Opportunities lie in expanding margins, advanced technology adoption, and global market expansion.

Hesai Group reports strong Q4 earnings, eyes global LiDAR growth

Hesai Group's Q4 2023 earnings call highlighted robust financial performance, key partnerships, and technological advancements in LiDAR technology. Despite challenges related to the U.S. DoD dispute, the company remains focused on achieving profitability through cost management and operational efficiency. With a focus on ADAS applications and global OEM partnerships, Hesai anticipates strong revenue growth and increased demand for its products.

Hesai Group surpasses Q1 forecasts, eyes robotaxi revenue surge

Hesai Group's Q1 2024 Earnings Call showcased strong financial performance, strategic product introductions, and key partnerships. The company aims for significant revenue growth, exceeding LiDAR shipment targets, and advancing in the autonomous driving sector. Challenges include addressing competition, optimizing costs, and scaling strategies amidst industry developments.

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Hesai Group engages in the development, manufacture and sale of three-dimensional light detection and ranging(lidar) solutions. The company’s lidar products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets. It operates through the Light Detection and Ranging (LiDAR), and Gas Detection segments. Hesai Group was founded by Yi Fan Li, Kai Sun, and Shao Qing Xiang in October 2014 and is headquartered in Shanghai, China.

SHANGHAI , Feb. 9, 2023 /PRNewswire/ -- On Feb 9 Beijing time, Hesai Technology ("Hesai"), a global leader in LiDAR technology and Qiming Venture Partners' portfolio company, began trading on Nasdaq. Hesai Technology (NASDAQ: HSAI) offered at $19/ADS and opened at $23.75/ADS, up by 25%, representing a market cap of $2.98 billion.

Qiming Venture Partners Celebrates Hesai Technology's IPO on Nasdaq

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Two initial public offerings underwritten by major investment banks added shares ahead of their trading debuts on Thursday, as the new-issues market taps into strong gains by the broad equities market so far in 2023.

IPOs ride stock-market surge with debuts from Nextracker, Hesai Group and others

Hesai Group, a Chinese company that manufactures LiDAR imaging systems, has released pricing and public details about its upcoming IPO. Hesai is the first Chinese company to launch an American IPO since the end of China's zero-COVID policy, which will attract attention and concern from those wary of Chinese companies.

Hesai Group IPO: The Risk Of Chinese IPOs

Hesai Group HSAI, priced 10 million American depositary shares at $19 each in a bid to raise $190 million in its initial public offering on the Nasdaq on Thursday, as reported by IPOScoop.com. The Shanghai and Cayman Islands company priced the IPO at the top of its $17 to $19 estimate price range and added 1 million shares.

Hesai Group IPO prices atop its range for stock market debut

Hesai Group has filed proposed terms for a $162 million U.S. IPO. The firm designs and manufactures LiDAR imaging systems for various applications, including autonomous mobility.

IPO Update: Hesai Group Pursues $162 Million U.S. IPO

Hesai Group has filed to raise capital via a U.S. IPO. The firm develops and sells LiDAR systems for mobility and robotics industries worldwide.

LiDAR Maker Hesai Group Commences U.S. IPO Effort

News for Hesai Group Stock (HSAI)