Hesai Group Reports Q3 Net Revenues of RMB795.4 Million and Net Income of RMB256.2 Million
Hesai Group reported net revenues of RMB 2,027.1 million (US$284.7 million) for the nine months ended September 30, 2025, up from RMB 1,357.4 million in the same period of 2024. Gross profit increased to RMB 854.6 million (US$120.0 million) from RMB 603.6 million in 2024. Cost of revenues rose to RMB 1,172.5 million (US$164.7 million), compared to RMB 753.8 million in the prior year. Sales and marketing expenses were RMB 136.5 million (US$19.2 million), general and administrative expenses reached RMB 191.2 million (US$26.9 million), and research and development expenses were RMB 581.4 million (US$81.7 million) for the period. Other operating income, net, totaled RMB 121.2 million (US$17.0 million) for the nine months ended September 30, 2025.
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