Core Viewpoint - Hesai Group is expected to become the first company to complete an IPO in Hong Kong through the "Specialized Technology Company Route," with the potential for listing as early as this year [2]. Group 1: IPO and Regulatory Developments - The China Securities Regulatory Commission approved the overseas listing application for Hesai Group on August 19, indicating a significant step towards its IPO [2]. - The "Specialized Technology Company Route" was launched by the Hong Kong Stock Exchange to facilitate the listing of specialized technology and biotech companies, allowing them to submit applications confidentially [2][3]. Group 2: Financial Performance - In Q2, Hesai achieved revenue of 710 million RMB, representing a year-on-year growth of over 50%, with net profit exceeding 40 million RMB, surpassing GAAP profitability targets [3]. - The total delivery of Hesai's LiDAR units reached 352,095 in Q2, marking a year-on-year increase of 306.9% [3]. - For the first half of the year, total LiDAR deliveries amounted to 547,913 units, reflecting a year-on-year growth of 276.2%, exceeding the total expected for 2024 [3][4]. Group 3: Market Position and Partnerships - "Hesai Inside" has become a recognized brand in the domestic ADAS sector, with recent contracts secured for 20 models from nine leading automotive companies, scheduled for delivery between 2025 and 2026 [3]. - Hesai has entered the C-sample stage with top European automotive manufacturers, with mass production plans set for 2026 [4]. - The company has also secured a new contract with a joint venture of Toyota, one of the largest automotive manufacturers globally, for mass production in 2026 [4]. Group 4: Industry Standards and Innovations - In April, Hesai led the drafting of the national standard for vehicle-mounted LiDAR, GB/T 45500-2025, which has been officially released and implemented, establishing performance and reliability benchmarks for the industry [4].
禾赛获赴港上市备案通知书:或成第一家通过「科企专线」新规在港IPO的企业