Hesai Group (HSAI) reported Q4 adjusted earnings Tuesday of 1.11 Chinese renminbi ($0.16) per diluted share, down from 1.26 renminbi a year earlier.

A single analyst surveyed by FactSet expected 1.79 renminbi.

Net revenue for the quarter ended Dec. 31 was 1 billion renminbi, up from 719.8 million renminbi a year earlier.

Analysts polled by FactSet expected 1.07 billion renminbi.

For Q1, the company expects revenue of 650 million renminbi to 700 million renminbi. Three analysts polled by FactSet expect 728.8 million renminbi.

Hesai Group shares were down 8.4% in premarket activity.