Hesai Group reported unaudited financial results for Q3 2025, highlighting a 47.5% increase in net revenues to RMB795.4 million (US$111.7 million), driven by both ADAS and robotics lidar sales. Total lidar shipments reached 441,398 units, significantly surpassing last year’s 134,208 units. The company achieved a net income of RMB256.2 million (US$36.0 million), compared to a net loss of RMB70.4 million in the same period of 2024.

According to the announcement, ADAS lidar shipments climbed to 380,759 units this quarter, while robotics lidar shipments numbered 60,639 units. Gross margin was 42.1%, reflecting robust scale optimization and cost controls. The company noted that new design wins and wider industry adoption of lidar technology contributed to expanding market opportunities.

Operationally, Hesai Group secured additional supply agreements with domestic and global autonomous driving and new energy vehicle industry players. Notably, a top 3 domestic NEV automaker added the high-end ETX lidar, joining multiple FTX units, with mass production expected late 2026 or early 2027. Additionally, the company has now surpassed one million lidar units in annual production.

For Q4 2025, the company projects net revenues of RMB1,000 million to RMB1,200 million (US$140 million to US$169 million), representing a year-over-year increase of approximately 39% to 67%. The latest quarter’s performance and these projections underscore Hesai Group’s continued progress in lidar adoption across ADAS and robotics applications.