禾赛(HSAI)2025年每股基本收益3.13元激光雷达总出货量同比增加222.9%

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金吾财讯 | 禾赛(HSAI)公告公布，截至2025年12月31日止年度，公司普通股股东应占净利润4.36亿元(人民币，下同)，上年同期为亏损1.02亿元，同比扭亏为盈。每股基本收益3.13元。不派末期股息。2025年全年，ADAS激光雷达出货量为138.11万台，同比增加202.6%；机器人激光雷达出货量为23.93万台，同比增加425.8%；激光雷达总出货量为162.04万台，同比增加222.9%。期内，集团毛利12.65亿元，同比增长43.02%。全年毛利率为41.8%，而上年为42.6%，同比减少是由于高利润率的非经常性工程服务收入减少，以及ADAS激光雷达的收入贡献增加所致，该类产品的毛利率通常低于机器人激光雷达，惟部分由ADAS及机器人激光雷达有效的成本及规模优化所抵销。期内，集团净收入30.28亿元，同比增长45.76%。全年产品收入为29.83亿元，同比增长51.7%，主要是由于中国及全球市场的强劲需求推动ADAS及机器人激光雷达产品销售收入增加。另外，服务收入为4460万元，同比减少59.8%，由于非经常性工程服务收入减少。此外，公司预计2026年第一季度的净收入将介乎6.50亿元至7亿元之间，同比增长约24%至33%。

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