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2026-03-24 16:33:09 HESAI-W (02525.HK) announced its annual results for the year ended 31 December 2025. Net revenues were nearly RMB3.028 billion, an all-time high, up 45.8% YoY. Its full-year gross margin decreased by 0.8 ppts to 41.8%. The Company turned a loss into an income of RMB436 million, achieving the industry-first full-year GAAP net income, compared to a loss of RMB102 million in the same period of 2024. EPS were RMB3.13. Non-GAAP net income amounted to RMB550 million, surging 39.2x YoY. Non-GAAP net income per share was RMB3.96. Nil dividend was declared. Full year LiDAR shipments were 1.62 million units. The Company guided 1Q26 net revenues to be between RMB650 million and RMB700 million, representing a YoY increase of approx. 24-33%. Hesai Group (HSAI.US)'s US stock descended 7.6% to US$21.8 in pre-market session. ~ AAStocks Financial News Website: www.aastocks.com | |