Hesai's Trading Volume Surges 91% to 2.03 Billion, Ranked 487th in Stock Market

On May 27, 2025, Hesai's trading volume reached 2.03 billion, marking a 91.06% increase from the previous day, ranking 487th in the day's stock market. Hesai (HSAI) fell 0.89%, marking two consecutive days of decline, with a total drop of 1.71% over the past two days.

Hesai Group reported its unaudited financial results for the first quarter of 2025, with net revenues reaching RMB525.3 million (approximately US$72.4 million). The company's lidar shipments for the quarter amounted to 195,818 units, reflecting a significant increase in demand for its technology.

The strong performance in the first quarter was driven by a 46% year-over-year increase in revenue, attributed to the record lidar shipments. This growth underscores Hesai's expanding market presence and the increasing adoption of its lidar solutions in various industries, including autonomous vehicles and smart infrastructure.

Despite the strong revenue growth, Hesai reported a loss from operations of RMB33.4 million. This loss can be attributed to ongoing investments in research and development, as well as expansion into new markets. The company's gross margin stood at 41.7%, indicating efficient cost management amidst rapid growth.

Hesai's financial results for the first quarter of 2025 highlight the company's robust growth trajectory and its position as a leading player in the lidar technology market. The strong revenue growth and record lidar shipments demonstrate the company's ability to capitalize on the increasing demand for advanced sensing technologies.