Hesai Group reported second quarter 2026 net revenues of RMB860.8 million (US$126.9 million), a 21.9% increase year-over-year, driven by robust demand for ADAS and Robotics lidar products. Total lidar shipments reached 628,275 units, with ADAS shipments up 60.1% to 485,904 units and Robotics shipments surging 193.4% to 142,371 units. The company achieved net income of RMB70.6 million (US$10.4 million), marking its fifth consecutive quarter of GAAP profitability. Strategic Growth Initiatives contributed RMB44.9 million in revenue, led by robotic actuation modules supplied to Sharpa and early traction for the Kosmo spatial intelligence platform. Management raised full-year 2026 SGI revenue guidance to RMB200-300 million from RMB100 million, citing stronger-than-expected commercialization momentum. The company also secured major design wins with Volkswagen, Great Wall Motor, and Li Auto. Hesai Group operates in the technology industry, specializing in 3D perception solutions including lidar sensors for autonomous vehicles and robotics.

Hesai Group announced it will hold its second extraordinary general meeting on August 28, 2026, to approve a revision of the annual cap for continuing connected transactions with Sharpa. The company entered into a Revised Supply of Products Framework Agreement on July 31, 2026, increasing the maximum transaction value from RMB100 million to RMB300 million for the year ending December 31, 2026. This adjustment reflects an unanticipated surge in demand for LiDAR products and robotic actuators supplied to Sharpa’s embodied intelligence products, alongside updated cost-plus margin rates of 70% to 80% for robotic actuators and manufacturing services. The filing also confirms the completion of a share subdivision effective July 10, 2026, converting each share into eight subdivided shares with a par value of US$0.0000125. Hesai Group is a global technology company specializing in 3D perception solutions and LiDAR manufacturing for autonomous vehicles and robotics.

Hesai Group announced a Board of Directors meeting scheduled for August 18, 2026, to consider and approve the company's quarterly and interim results for the period ending June 30, 2026. The company will host an earnings conference call on the same day at 8:00 AM ET. Hesai Group is a provider of high-performance LiDAR solutions for autonomous driving and intelligent systems.

Hesai Group announced the record date for its 2026 Second Extraordinary General Meeting. The filing serves as a formal notice regarding the upcoming shareholder meeting procedures. Hesai Group is a technology company that develops LiDAR solutions for autonomous driving applications.