Hesai Group (HSAI), a producer of range of lidar sensors, moved to profit in the third quarter from loss last year.
In the pre-market activity, shares are trading 8.11 percent or 1.87 cents higher at $24.95 on the Nasdaq.
Hesai's third-quarter net profit attributable to shareholders of the company was RMB 256.17 million or $36 million, compared to loss of RMB 70.36 million last year.
On a per share basis, the company reported earnings of RMB 1.79, while it reported loss of RMB 0.54 a year ago.
Adjusted net income attributable to ordinary shareholders was RMB 287.72 million, while in the prior year, the company reported loss of RMB 44 million.
For the reported period, adjusted net earnings per share were RMB 2 compared to loss of RMB 0.34 a year ago.
Net revenues were RMB 795.40 million or $111.7 million, an increase of 47.5% from RMB 539.42 million the earlier year.
For the fourth quarter, the company expects net revenues to be between RMB 1 billion or $140 million and RMB 1.2 billion or $169 million indicating a year-over-year increase of approximately 39-67%.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.