Hesai Technology (02525.HK) reported unaudited Q3 2026 revenue Rmb1.068 bln, up
34.3% YoY. Reported net profit Rmb80.8 mln, down 68.5% YoY; non-GAAP net profit
Rmb119 mln, down 58.6% YoY. Gross margin 41.0% (42.1% a year earlier). Total
LiDAR shipments 729,700 units, +65.3% YoY; ADAS LiDAR 638,100 units, +67.6% YoY;
robotics LiDAR 91,600 units, +51.1% YoY. Robotics actuator modules shipments
23,400 units, +96.8% QoQ. Cash and equivalents Rmb6.977 bln at quarter end.
Company guides Q4 revenue RMB 1.10–1.15 bln.
