Lidar company Hesai Technology was officially listed on the NASDAQ stock market in the United States on February 9, and today announced its fourth quarter and full-year financial reports for 2022.
Financial report data shows that Hesai Technology’s revenue in the fourth quarter of 2022 will be 410 million CNY, a year-on-year increase of 56.6%; the annual revenue in 2022 will be 1.20 billion CNY, a year-on-year increase of 66.9%; the gross profit margin for the full year of 2022 will be 39.2%.
▲ Hesai Technology’s pure solid-state short-range blind-filling lidar
In terms of lidar delivery volume, Hesai Technology delivered 47,515 units in the fourth quarter of 2022, a year-on-year increase of 739.2%; the annual delivery volume was 80,462 units, a year-on-year increase of 467.5%.
Hesai Technology stated that AT128 will start mass production and delivery in July 2022 and continue to grow; the company’s cumulative delivery of lidar has exceeded the milestone of 100,000 units.
In terms of research and development, Hesai Technology will invest 180 million CNY in research and development in the fourth quarter of 2022, a year-on-year increase of 13.3%; the annual R&D investment in 2022 will be 560 million CNY , a year-on-year increase of 50.7%.
It is learned from Hesai Technology officials that Hesai Technology expects revenue in the first quarter of 2023 to be 390 million to 410 million CNY, a year-on-year increase of 57% to 65%.
