Hesai(US:HSAI) Mei Ri Jing Ji Xin Wen·2025-08-15 02:17Core Insights - Hesai Technology (NASDAQ: HSAI) reported its Q2 2025 unaudited financial results, showing a revenue of 710 million RMB, a year-on-year increase of over 50%, and a net profit of 44.1 million RMB, surpassing the GAAP profitability target [1][2] Financial Performance - The company achieved a total lidar delivery of 352,000 units in Q2, representing a year-on-year growth of 306.9% [1] - ADAS product deliveries reached 303,000 units, up 275.8% year-on-year, while deliveries in the robotics sector totaled 48,000 units, marking a significant increase of 743.6% [1] - For the first half of 2025, total lidar deliveries reached 547,000 units, a year-on-year increase of 276.2%, exceeding the total deliveries for the entire year of 2024 [1] Customer Collaborations - Hesai Technology announced a new model partnership with a joint venture brand under Toyota, with plans for mass production in 2026 [1] - The company secured contracts with nine leading automotive manufacturers for 20 vehicle models, including major clients such as Geely, Great Wall, and Changan, with deliveries expected between 2025 and 2026 [1] Industry Context - The CEO of Hesai Technology, Li Yifan, emphasized that the growth momentum in Q2 was driven by strong customer demand and significant improvements in operational efficiency [2] - In the context of the AI era, lidar technology is becoming a fundamental requirement across various sectors as a tool for perceiving the physical world [2]