The Zhitong Finance App learned that Hesai-W (02525) rose more than 11% in early trading. As of press release, it rose 11.43% to HK$16.57, with a turnover of HK$116 million.

According to the news, Hesai Technology announced its results. In the third quarter, Hesai had revenue of RMB 1.07 billion and GAAP net profit of RMB 80.79 million. It has achieved GAAP profit for six consecutive quarters. Among them, Hesai's Strategic Growth Business (SGI) had revenue of 90.51 million yuan, an increase of 101.4% over the previous month. In a conference call, Hesai management said, “Robot-related revenue in the third quarter has exceeded 50% (including lidar, data, joints).”

It is worth noting that SGI's revenue for the first three quarters has already exceeded the original annual target of 100 million yuan, and the company reiterated SGI's revenue guideline of 200 million to 300 million yuan in 2026. Among them, 23,405 robot power modules were shipped in the third quarter, up 97% month-on-month, with cumulative shipments of 35,295 sets, increasing monthly production capacity to 10,000 sets; the 3D world data engine Kosmo was released globally in October, and the prototype has already begun to generate revenue a few months after shipment. Partners include Pixar RenderMan and Gaode Maps.

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