禾赛跌近 11% ADAS激光雷达季度环比增速降至 25.43%

Core Viewpoint - Hesai Technology reported a revenue of 800 million RMB for Q3 2025, marking a year-on-year growth of 47.5%, maintaining positive growth for six consecutive quarters [1] Financial Performance - The company achieved a total delivery of 441,398 units of laser radar in Q3, with ADAS product deliveries reaching 380,759 units, reflecting a year-on-year increase of 193.1% [1] - However, the quarter-on-quarter growth rate for ADAS laser radar deliveries showed a significant slowdown, with a quarter-on-quarter increase of 25.43%, which is a notable decline compared to previous periods [1]