By Jiahui Huang

Car-sensor maker Hesai Group swung to profit in 2025 thanks to strong sales, making it one of the first in its industry to hit a key profitability milestone.

The Shanghai-based company said Tuesday that it made net profit of 435.9 million yuan, or about $63.4 million, in 2025. That compared with a net loss of 102.4 million yuan in 2024.

Its revenue rose 46% to a record high and total shipments tripled.

The results come as Hesai cashes in on surging demand from automakers for its sensors, which are in high demand in the humanoid robots industry as well.

Hesai produces sensors that help cars gauge their surroundings and are increasingly being used in robotics and other industries.

To capitalize on that demand, Hesai's chief executive, Yifan Li, said the company was raising annual production capacity to over 4 million units.

CFO Andrew Fan said it is also lifting the outlook for lidar shipments to 3 to 3.5 million units, and will soon launch "breakthrough new products."

Hesai expects sales to keep growing in the first quarter, guiding for 24% to 33% on-year rise in revenue.

Write to Jiahui Huang at jiahui.huang@wsj.com

(END) Dow Jones Newswires

By Jiahui Huang

Car-sensor maker Hesai Group swung to profit in 2025 thanks to strong sales, making it one of the first in its industry to hit a key profitability milestone.

The Shanghai-based company, which is a supplier for the likes of Li Auto and Pony AI, made a net profit of 435.9 million yuan, or about $63.4 million, in 2025. That compared with a net loss of 102.4 million yuan in 2024.

Its revenue rose 46% to a record high and total shipments more than tripled.

The results come as Hesai cashes in on surging demand from automakers for its light detection and ranging sensors, known as Lidar, which are in high demand in the humanoid robots industry as well.

Hesai produces sensors that help cars gauge their surroundings and are increasingly being used in robotics and other applications like drones.

To capitalize on that demand, Hesai's chief executive, Yifan Li, said the company was raising annual production capacity to over 4 million units.

Chief Financial Officer Andrew Fan said it is also lifting the outlook for lidar shipments to 3 million to 3.5 million units, and will soon launch "breakthrough new products."

Hesai Group, the world's largest maker of vehicle lidar sensors, has been on a streak of partnerships recently, including a tie-up with Nvidia to develop an autonomous driving platform. It is also working with robovan maker Zelos Technology, autonomous driving firm Neolix and home appliance and robot company Dreame.

It is preparing to build its first factory overseas in Thailand and has bold ambitions to expand in other markets too.

The push into other fields seems to be paying off.

In the fourth quarter, Hesai's revenue rose 39% to 1.0 billion yuan, while net profit rose 4%.

Hesai expects sales to keep growing in the first quarter, guiding for 24% to 33% on-year rise in revenue.

Its CEO says the company is positioning to become an enabler of physical AI, referring to how AI systems operate in and interact with the world around them. Over the coming months, he teased the launch of new flagship products, "each targeting an addressable market worth trillions of yuan."

Hesai's ADRs were down about 6% in pre-market trading.

Write to Jiahui Huang at jiahui.huang@wsj.com

(END) Dow Jones Newswires

March 24, 2026 06:32 ET (10:32 GMT)

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