Hesai(US:HSAI) 智通财经网·2025-08-15 01:15Core Viewpoint - Hesai Technology (HSAI.US) reported significant growth in Q2 2025, achieving revenue of 710 million RMB, a year-on-year increase of over 50%, and net profit exceeding 44.1 million RMB, surpassing GAAP profitability targets [1][4][24]. Financial Performance - The company maintained industry leadership with Q2 revenue of 710 million RMB, reflecting a 53.9% year-on-year growth and marking five consecutive quarters of revenue increase [2][25]. - Net profit for the quarter reached 44.1 million RMB (approximately 6.2 million USD), a substantial improvement from a net loss of 72.1 million RMB in the same period last year [4][25]. Delivery and Growth Metrics - Total lidar deliveries in Q2 reached 352,095 units, a year-on-year increase of 306.9%, with ADAS product deliveries at 303,564 units, up 275.8% [7][19]. - For the first half of 2025, total lidar deliveries amounted to 547,913 units, a 276.2% increase compared to the previous year, exceeding the total deliveries for 2024 [7][26]. Market Position and Client Acquisition - Hesai's lidar has become a standard safety feature in ADAS, contributing to the launch of several popular vehicle models, with 24 partnerships established with domestic and international automakers [17][24]. - The company secured new contracts with nine leading automotive manufacturers for 20 vehicle models, scheduled for delivery between 2025 and 2026, including major clients like Geely and Great Wall Motors [17][24]. Robotics Sector - In the robotics sector, Hesai delivered 48,531 units in Q2, marking a significant year-on-year growth of 743.6%, with total deliveries for the first half reaching 98,262 units, a 692.9% increase [9][19]. - The JT series lidar achieved over 100,000 units delivered within five months of launch, setting a record for the fastest delivery in the industry [19][25]. Global Expansion and Standards - The company made strides in the international ADAS market, entering the C sample phase with a top European automaker, and secured a new model contract with Toyota's joint venture brand, set for mass production in 2026 [14][24]. - Hesai led the development of China's first national standard for vehicle-mounted lidar, which was officially released in April 2025, establishing performance and reliability benchmarks for the industry [22].