PALO ALTO, Calif., Jan. 5, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ: HSAI), the global leader in lidar technology for automotive mobility, ADAS and industrial robotics applications, announced today an automotive ADAS lidar design win with a leading global OEM to provide advanced long-range sensors for new flagship electric vehicle models scheduled for series production. The upcoming all-electric vehicle will be equipped with Hesai's ultra-high resolution long-range lidar, AT128, as part of its ADAS sys ...

智通财经APP获悉，今日，全球激光雷达领导者禾赛科技(HSAI.US)宣布2023年12月的交付数据成功突破5万大关，成为车载激光雷达行业首个单月交付量突破5万台的公司。这不仅是禾赛发展的重要里程碑，更是全球激光雷达产业的高光时刻。 已有超过 10 万台经历超过一年的严寒酷暑震动灰尘雨雪等考验 短期销量的激增并不能完全反映客户的真实口碑，因为只有经过市场对质量的严格验证，产品才能为公司带来持久的增长动力。禾赛激光雷达已经在10万台+的量级上，成功经历了超过一年时间的用户实际使用质量验证。在过去的一年多时间里，禾赛激光雷达在车主的实际使用场景中经历了各种严苛考验。无论是春夏秋冬的气候交替，还是阳光暴晒和雨雪浇淋的冷热冲击；无论是崎岖山路行驶的震动考验，还是乡间泥泞小径等恶劣工况，禾赛激光雷达始终保持着出色的性能表现和稳定性。 “交付10万台激光雷达装上客户的车”和“10万台激光雷达在持续一年多的时间装在客户车上跑遍天南海北”之间，存在巨大的鸿沟。自2022年开启前装量产交付以来，禾赛已经自豪地宣称：已有超过10万台激光雷达在用户的车上经过了超过一年的实际使用场景考验。 交付量节节攀升，所有订单100%高质量 ...

Hesai Group (NASDAQ:HSAI) Q3 2023 Earnings Conference Call November 1, 2023 8:00 PM ET Company Participants Yuanting Shi - IR David Li - CEO Louis Hsieh - Global CFO Conference Call Participants Tim Hsiao - Morgan Stanley Jeff Chung - Citigroup Tina Hou - Goldman Sachs Jessie Lo - Bank of America Olivia Zhang - Haitong Operator Hello, ladies and gentlemen. Thank you for standing by for Hesai Group's Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note that today's conference call ...

Exhibit 99.1 Hesai Group Reports Third Quarter 2023 Unaudited Financial Results Quarterly net revenues were RMB445.6 million (US$61.1 million), an increase of 33.5% year-over-year Quarterly lidar shipments were 47,440 units, an increase of 125.5% year-over-year SHANGHAI, China--(GLOBE NEWSWIRE) –November 14, 2023-- Hesai Group ("Hesai" or the "Company"), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for t ...

Hesai Group (NASDAQ:HSAI) Q2 2023 Results Conference Call August 14, 2023 9:00 PM ET Company Participants Yuanting Shi - IR Dr. David Li - CEO Louis Hsieh - Global CFO Conference Call Participants Tim Hsiao - Morgan Stanley Olivia Xu - Goldman Sachs Bin Wang - Credit Suisse Leping Huang - Huatai Yang Kong - CICC Yi Lu - JPMorgan Operator Thank you for standing by and welcome to the Hesai Group Second Quarter 2023 Earnings Conference Call. All participants are in a listen-only mode. There will be a presentat ...

Financial Performance - Quarterly net revenues reached RMB440.3 million (US$60.7 million), marking a 108.5% year-over-year increase[1] - Net revenues for Q2 2023 reached RMB 440,313 thousand, a significant increase from RMB 211,184 thousand in Q2 2022, representing a growth of approximately 108.5%[29] - Net revenues for the six months ended June 2023 were RMB 870,243, representing a 89.5% increase from RMB 459,631 in the same period of 2022[31] - Gross profit for Q2 2023 was RMB 131,152 thousand, compared to RMB 98,924 thousand in Q2 2022, indicating a gross margin improvement[29] - Gross profit for the six months ended June 2023 was RMB 293,778, up 30.3% from RMB 225,418 in the prior year[31] - The net loss attributable to ordinary shareholders was RMB74.4 million (US$10.3 million) for Q2 2023, a significant reduction from RMB265.5 million (US$36.6 million) in Q2 2022, representing a 72.0% decrease[13] - The net loss attributable to ordinary shareholders for the six months ended June 2023 was RMB 193,292, a decrease from RMB 327,244 in the same period of 2022[31] - Basic and diluted net loss per share improved to RMB (1.57) for the six months ended June 2023, compared to RMB (2.83) in the same period of 2022[31] - Non-GAAP net loss attributable to ordinary shareholders for the six months ended June 2023 was RMB (39,055), a slight improvement from RMB (40,134) in the same period of 2022[35] LiDAR Shipments - Total LiDAR shipments for Q2 2023 were 52,106 units, a significant increase of 946.5% from 4,979 units in Q2 2022[2] - ADAS LiDAR shipments in Q2 2023 were 45,694 units, compared to just 1,651 units in the same period of 2022, representing a year-over-year increase of 2,770.5%[2] Cash Flow and Assets - The company achieved positive operating cash flow of approximately RMB58.3 million (US$8.0 million) for the second consecutive quarter, a 4-fold increase quarter-over-quarter[5] - Total current assets increased from RMB 3,135,111 thousand as of December 31, 2022, to RMB 4,340,445 thousand as of June 2023, marking a growth of about 38.4%[26] - Cash and cash equivalents rose significantly from RMB 913,277 thousand at the end of 2022 to RMB 2,063,261 thousand by June 2023, an increase of approximately 126.5%[26] - Total assets increased from RMB 3,839,396 thousand at the end of 2022 to RMB 5,239,111 thousand by June 2023, representing a growth of about 36.4%[26] Expenses - Research and development expenses for Q2 2023 were RMB161.0 million (US$22.2 million), an increase of 49.1% from RMB108.0 million (US$14.9 million) in Q2 2022[11] - Operating expenses for Q2 2023 totaled RMB 244,660 thousand, up from RMB 193,256 thousand in Q2 2022, reflecting an increase of approximately 26.6%[29] - Research and development expenses rose to RMB 161,001 thousand in Q2 2023 from RMB 107,999 thousand in Q2 2022, indicating a growth of about 49.0%[29] - Total operating expenses increased to RMB 535,292 for the six months ended June 2023, compared to RMB 361,403 in the same period of 2022, reflecting a 48.1% rise[31] - Share-based compensation expenses, net of tax, increased to RMB 154,237 for the six months ended June 2023, compared to RMB 54,593 in the same period of 2022[35] Market Position - Hesai was named the No. 1 global automotive LiDAR supplier for the second consecutive year, capturing 47% of the worldwide LiDAR market share by revenue in 2022[6] - The company is on track to commence full-scale production of its AT series LiDAR in Q3 2023, featuring upgraded design and lower power consumption[7] Foreign Exchange and Liabilities - The company reported a foreign exchange loss of RMB 15,512 thousand in Q2 2023, compared to a gain of RMB 10,331 thousand in Q2 2022[29] - As of June 2023, total liabilities increased to RMB 1,176,715 thousand from RMB 997,663 thousand at the end of 2022, reflecting a rise of approximately 18%[26] - The company reported a foreign currency translation adjustment of RMB 68,437 for the six months ended June 2023, compared to a loss of RMB 6,690 in the same period of 2022[31] - The company experienced a net loss before income tax and share of loss in equity method investments of RMB 193,304 for the six months ended June 2023, compared to RMB 94,729 in the same period of 2022[31]

Exhibit 99.1 Hesai Group Reports First Quarter 2023 Unaudited Financial Results Quarterly net revenues were RMB429.9 million (US$62.6 million), an increase of 73.0% year-over-year Quarterly LiDAR shipments were 34,834 units, an increase of 402.9% year-over-year SHANGHAI, China, May 23, 2023 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (LiDAR) solutions, today announced its unaudited financial results for the th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Hesai Group (NASDAQ:HSAI) Q4 2022 Earnings Conference Call March 15, 2023 9:00 PM ET Company Participants Rachel Yang - Vice President of Operations David Li - CEO Louis Hsieh - Global CFO Conference Call Participants Olivia Xu - Goldman Sachs Tim Hsiao - Morgan Stanley Bin Wang - Credit Suisse Paul Gong - UBS Operator Hello, ladies and gentlemen. Thank you for standing by for the Fourth Quarter and Full Year 2022 Earnings conference call for Hesai Group. At this time, all participants are in listen-only m ...