Beijing Business Daily News (Reporter Liu Yang and Liu Xiaomeng) On November 14th, Hesai Technology released a financial report showing that its revenue for the third quarter of this year was 450 million yuan, a year-on-year increase of 33.5%, exceeding the company's revenue guidance limit; The revenue in the first three quarters was 1.32 billion yuan, a year-on-year increase of 65.8%.
Meanwhile, Hesai has achieved positive operating cash flow for three consecutive quarters, reaching 47.6 million yuan. As of the end of the third quarter, Hesai Technology's cash reserves reached 3.2 billion yuan.
In terms of product delivery, in the third quarter of this year, the delivery volume of Hesai LiDAR was 47400 units, a year-on-year increase of 125.5%. Among them, the delivery volume of ADAS LiDAR was 40600 units, a year-on-year increase of 143.2%; The total delivery volume of LiDAR in the first three quarters was 134400 units, a year-on-year increase of 307.9%. Among them, the delivery volume of ADAS LiDAR reached 114500 units, a year-on-year increase of 516.6%.