Core Viewpoint - Hesai Technology, a leading player in the LiDAR industry, has initiated a dual listing plan, aiming to issue up to 51.24 million shares on the Hong Kong Stock Exchange after successfully completing its IPO on NASDAQ in February 2023 [1][2]. Group 1: Company Developments - Hesai Technology received approval from the China Securities Regulatory Commission for its overseas listing, marking a significant step in its global capital strategy [1]. - The company completed its NASDAQ IPO on February 9, 2023, raising $190 million by issuing 10 million ADS at a price of $19 each [1]. - As of Q2 2025, Hesai reported revenues of 710 million yuan, a year-on-year increase of over 50%, and net profits exceeding 40 million yuan, surpassing GAAP profitability targets [2]. Group 2: Market Position and Performance - In the first half of 2025, Hesai achieved the highest installation volume of LiDAR in the ADAS sector and led in 3D LiDAR shipments in the robotics field [2]. - The total delivery of Hesai's LiDAR units reached 352,100 in Q2 2025, representing a year-on-year growth of 306.9%, with ADAS product deliveries at 303,600 units, up 275.8% [2]. - The company secured contracts with nine major automotive manufacturers for 20 vehicle models, set for delivery between 2025 and 2026, including top clients like Geely and Great Wall Motors [2]. Group 3: Industry Standards and Innovations - In April 2025, Hesai led the development of China's first national standard for vehicle-mounted LiDAR, GB/T 45500-2025, in collaboration with over 50 partners, establishing performance and reliability benchmarks for the industry [3]. - The JT series of LiDAR, launched less than five months prior, achieved over 100,000 units delivered, setting a global record and becoming the preferred choice for leading robotic lawn mower manufacturers [3]. - Hesai's CEO emphasized the growing necessity of LiDAR in three key areas: automotive safety, robotics productivity, and digital twin applications, positioning the company to lead in the expanding robotics market [3].
获赴港IPO备案通知书 “激光雷达第一股”也要双重上市了