Hesai Group to Hold Annual General Meeting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 31 minutes ago
0mins
Source: Newsfilter
- AGM Announcement: Hesai Group will hold its annual general meeting on June 26, 2026, at 1:30 PM Beijing time, to consider proposed resolutions, reflecting the company's commitment to shareholder engagement.
- Voting Rights Clarification: Shareholders of record as of May 22, 2026, are entitled to attend and vote, emphasizing the company's dedication to transparency and shareholder rights, ensuring all stakeholders can participate in decision-making.
- Annual Report Filing: The company has filed its annual report for the fiscal year 2025 with the SEC, including audited financial statements, which enhances investor confidence in the company's financial health and operational transparency.
- Global Business Presence: With offices and factories in multiple countries and customers in over 40 nations, Hesai demonstrates its leadership in 3D perception technology and its significant impact on the international market.
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Analyst Views on HSAI
Wall Street analysts forecast HSAI stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 20.630
Low
26.70
Averages
29.90
High
33.00
Current: 20.630
Low
26.70
Averages
29.90
High
33.00
About HSAI
Hesai Group is a holding company primarily engaged in providing three-dimensional light detection and ranging (LiDAR) solutions. The Company’s primary business includes the design, development, manufacturing, and sales of LiDAR products and gas sensor. The Company’s main products include Advanced Driver Assistance Systems (ADAS) products such as the AT series, ET series and FT series, as well as robot products such as the Pandar series, OT series, XT series and QT series, used for long-distance detection and blind spot detection. The products are used in passenger and commercial vehicles supporting ADAS, autonomous vehicles and robotics. The Company operates its businesses in the domestic market and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hesai Group to Hold Annual General Meeting
- AGM Announcement: Hesai Group will hold its annual general meeting on June 26, 2026, at 1:30 PM Beijing time, to consider proposed resolutions, reflecting the company's commitment to shareholder engagement.
- Voting Rights Clarification: Shareholders of record as of May 22, 2026, are entitled to attend and vote, emphasizing the company's dedication to transparency and shareholder rights, ensuring all stakeholders can participate in decision-making.
- Annual Report Filing: The company has filed its annual report for the fiscal year 2025 with the SEC, including audited financial statements, which enhances investor confidence in the company's financial health and operational transparency.
- Global Business Presence: With offices and factories in multiple countries and customers in over 40 nations, Hesai demonstrates its leadership in 3D perception technology and its significant impact on the international market.
See More
Hesai Group Secures New Order from European Automaker
- New Order Milestone: Hesai Group has secured a new order exceeding 1 million units from a top-tier European automaker, covering over 10 models across the OEM's joint venture brands in China, further solidifying its leadership in the global automotive market.
- Outstanding Product Performance: Since entering mass production in 2025, the Hesai ATX lidar has become the best-selling product in the ADAS segment, with over 1 million units delivered and an order backlog exceeding 6 million units, indicating strong demand for safety components.
- Leading Market Share: According to a Yole Group report, Hesai ranked No. 1 globally in long-range ADAS lidar shipments in 2025, capturing a 43% market share, showcasing its competitive edge in technology and market presence.
- Innovation-Driven Technology: The ATX lidar features proprietary addressable photon isolation technology that enhances early hazard detection capabilities, thereby improving active safety performance and further driving Hesai's adoption in the high-end ADAS market.
See More
Hesai Group Q1 2026 Earnings Call Insights
- Strategic Partnership: Hesai Group confirmed its role as a strategic lidar partner for Mercedes-Benz, marking a significant advancement in the autonomous driving sector, which is expected to drive future revenue growth and increase market share.
- Doubling Shipment Expectations: The company anticipates total shipments to reach between 3 million and 3.5 million units in 2026, doubling from last year, indicating strong OEM demand with a backlog exceeding 6 million units, further solidifying its market position.
- Robust Financial Performance: Total net revenues for Q1 reached RMB 681 million, a 30% year-over-year increase, while the lidar business generated an operating profit of RMB 42 million, demonstrating sustained profitability in its core operations.
- Strategic Growth Initiatives: Hesai plans to achieve approximately RMB 100 million in SGI revenue in 2026, with expectations to scale this to RMB 500 million by 2027, highlighting the company's long-term growth potential and market outlook in the AI sector.
See More
Hesai Group Revenue Grows but Margins Decline
- Significant Revenue Growth: Hesai Group reported first-quarter revenue of RMB 680.6 million, a 29.6% year-on-year increase, primarily driven by a remarkable 140.9% surge in lidar shipments, indicating strong demand in the autonomous driving market.
- Net Income Turnaround: The company achieved a net income of RMB 18.3 million, recovering from a loss in the previous year, which suggests an improvement in profitability, although it fell short of market expectations, potentially impacting investor confidence.
- Declining Gross Margin: Gross margin decreased from 41.7% to 39.1%, attributed to a higher mix of lower-margin products and increased R&D spending, reflecting the pressure on profitability while pursuing growth.
- Impact of Price Decline: The decline in average selling prices has pressured profit margins despite revenue growth, necessitating a focus on optimizing the product mix to enhance overall profitability moving forward.
See More
Hesai Group Partners with Mercedes-Benz for L3 Autonomy
- Strategic Partnership: Hesai Group has entered a new supply agreement with Mercedes-Benz, becoming the strategic lidar partner for their L3 autonomous models, marking a significant expansion in Hesai's global autonomous driving footprint.
- Production Capacity Enhancement: The new agreement will leverage Hesai's Galileo manufacturing center in Thailand to support lidar production, which is expected to significantly boost supply capabilities in Europe and China to meet Mercedes-Benz's demands.
- Market Coverage Expansion: With customers in over 40 countries, this partnership will further solidify Hesai's market leadership in ADAS and autonomous driving, driving business growth on a global scale.
- Innovation-Driven Technology: Hesai is committed to maintaining its leadership in physical AI through full-stack proprietary ASIC capabilities and an integrated R&D-testing-manufacturing approach, aiming to drive digital transformation and redefine interactions between humans and robots.
See More
Hesai Group Reports Strong Q1 2026 Earnings with Significant Growth
- Earnings Beat: Hesai Group reported a Q1 2026 GAAP EPS of $0.04, exceeding expectations by $0.04, which reflects a significant improvement in profitability and boosts market confidence in future growth.
- Revenue Surge: The company achieved revenues of $98.7 million in Q1, marking a 29.6% year-over-year increase and surpassing market expectations by $0.53 million, indicating robust sales momentum amid competitive pressures.
- Lidar Shipment Growth: Q1 2026 saw ADAS lidar shipments reach 353,441 units, up 141.9% year-over-year, while robotics lidar shipments totaled 118,282 units, a 137.8% increase, highlighting strong demand in autonomous driving and robotics sectors.
- Solid Cash Reserves: As of March 31, 2026, Hesai's cash reserves stood at RMB 7,231.7 million (approximately $1,048.4 million), down from RMB 7,511.0 million as of December 31, 2025, yet still maintaining sufficient liquidity to support future growth.
See More
Hesai Group to Hold Annual General Meeting
- AGM Announcement: Hesai Group will hold its annual general meeting on June 26, 2026, at 1:30 PM Beijing time, to consider proposed resolutions, reflecting the company's commitment to shareholder engagement.
- Voting Rights Clarification: Shareholders of record as of May 22, 2026, are entitled to attend and vote, emphasizing the company's dedication to transparency and shareholder rights, ensuring all stakeholders can participate in decision-making.
- Annual Report Filing: The company has filed its annual report for the fiscal year 2025 with the SEC, including audited financial statements, which enhances investor confidence in the company's financial health and operational transparency.
- Global Business Presence: With offices and factories in multiple countries and customers in over 40 nations, Hesai demonstrates its leadership in 3D perception technology and its significant impact on the international market.
See More
Hesai Group Secures New Order from European Automaker
- New Order Milestone: Hesai Group has secured a new order exceeding 1 million units from a top-tier European automaker, covering over 10 models across the OEM's joint venture brands in China, further solidifying its leadership in the global automotive market.
- Outstanding Product Performance: Since entering mass production in 2025, the Hesai ATX lidar has become the best-selling product in the ADAS segment, with over 1 million units delivered and an order backlog exceeding 6 million units, indicating strong demand for safety components.
- Leading Market Share: According to a Yole Group report, Hesai ranked No. 1 globally in long-range ADAS lidar shipments in 2025, capturing a 43% market share, showcasing its competitive edge in technology and market presence.
- Innovation-Driven Technology: The ATX lidar features proprietary addressable photon isolation technology that enhances early hazard detection capabilities, thereby improving active safety performance and further driving Hesai's adoption in the high-end ADAS market.
See More
Hesai Group Q1 2026 Earnings Call Insights
- Strategic Partnership: Hesai Group confirmed its role as a strategic lidar partner for Mercedes-Benz, marking a significant advancement in the autonomous driving sector, which is expected to drive future revenue growth and increase market share.
- Doubling Shipment Expectations: The company anticipates total shipments to reach between 3 million and 3.5 million units in 2026, doubling from last year, indicating strong OEM demand with a backlog exceeding 6 million units, further solidifying its market position.
- Robust Financial Performance: Total net revenues for Q1 reached RMB 681 million, a 30% year-over-year increase, while the lidar business generated an operating profit of RMB 42 million, demonstrating sustained profitability in its core operations.
- Strategic Growth Initiatives: Hesai plans to achieve approximately RMB 100 million in SGI revenue in 2026, with expectations to scale this to RMB 500 million by 2027, highlighting the company's long-term growth potential and market outlook in the AI sector.
See More
Hesai Group Revenue Grows but Margins Decline
- Significant Revenue Growth: Hesai Group reported first-quarter revenue of RMB 680.6 million, a 29.6% year-on-year increase, primarily driven by a remarkable 140.9% surge in lidar shipments, indicating strong demand in the autonomous driving market.
- Net Income Turnaround: The company achieved a net income of RMB 18.3 million, recovering from a loss in the previous year, which suggests an improvement in profitability, although it fell short of market expectations, potentially impacting investor confidence.
- Declining Gross Margin: Gross margin decreased from 41.7% to 39.1%, attributed to a higher mix of lower-margin products and increased R&D spending, reflecting the pressure on profitability while pursuing growth.
- Impact of Price Decline: The decline in average selling prices has pressured profit margins despite revenue growth, necessitating a focus on optimizing the product mix to enhance overall profitability moving forward.
See More
Hesai Group Partners with Mercedes-Benz for L3 Autonomy
- Strategic Partnership: Hesai Group has entered a new supply agreement with Mercedes-Benz, becoming the strategic lidar partner for their L3 autonomous models, marking a significant expansion in Hesai's global autonomous driving footprint.
- Production Capacity Enhancement: The new agreement will leverage Hesai's Galileo manufacturing center in Thailand to support lidar production, which is expected to significantly boost supply capabilities in Europe and China to meet Mercedes-Benz's demands.
- Market Coverage Expansion: With customers in over 40 countries, this partnership will further solidify Hesai's market leadership in ADAS and autonomous driving, driving business growth on a global scale.
- Innovation-Driven Technology: Hesai is committed to maintaining its leadership in physical AI through full-stack proprietary ASIC capabilities and an integrated R&D-testing-manufacturing approach, aiming to drive digital transformation and redefine interactions between humans and robots.
See More
Hesai Group Reports Strong Q1 2026 Earnings with Significant Growth
- Earnings Beat: Hesai Group reported a Q1 2026 GAAP EPS of $0.04, exceeding expectations by $0.04, which reflects a significant improvement in profitability and boosts market confidence in future growth.
- Revenue Surge: The company achieved revenues of $98.7 million in Q1, marking a 29.6% year-over-year increase and surpassing market expectations by $0.53 million, indicating robust sales momentum amid competitive pressures.
- Lidar Shipment Growth: Q1 2026 saw ADAS lidar shipments reach 353,441 units, up 141.9% year-over-year, while robotics lidar shipments totaled 118,282 units, a 137.8% increase, highlighting strong demand in autonomous driving and robotics sectors.
- Solid Cash Reserves: As of March 31, 2026, Hesai's cash reserves stood at RMB 7,231.7 million (approximately $1,048.4 million), down from RMB 7,511.0 million as of December 31, 2025, yet still maintaining sufficient liquidity to support future growth.
See More
