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FMR LLC filed an Amendment No. 3 to Schedule 13G/A reporting beneficial ownership of 5,453,873.54 shares of HESAI GROUP Class B common stock, representing 4.2% of that class. The filing lists sole voting power of 5,397,338.72 shares and sole dispositive power of 5,453,873.54 shares. The cover shows CUSIP G4417G106 and a related date of 03/31/2026, and signatures dated 05/05/2026. The filing states certain other persons may have rights to dividends or proceeds, but no other person holds more than 5% of the Class B shares.
FMR LLC filed an Amendment No. 3 to Schedule 13G/A reporting beneficial ownership of 5,453,873.54 shares of HESAI GROUP Class B common stock, representing 4.2% of that class. The filing lists sole voting power of 5,397,338.72 shares and sole dispositive power of 5,453,873.54 shares. The cover shows CUSIP G4417G106 and a related date of 03/31/2026, and signatures dated 05/05/2026. The filing states certain other persons may have rights to dividends or proceeds, but no other person holds more than 5% of the Class B shares.
Hesai Group has scheduled a board meeting for May 19, 2026 to review and approve the unaudited quarterly results of the company and its subsidiaries for the three months ended March 31, 2026, and to approve their publication.
On the same day, management will host a first quarter 2026 earnings conference call at 8:00 A.M. U.S. Eastern Time / 8:00 P.M. Beijing/Hong Kong Time. Investors can participate via a pre-registration phone link or follow a live and archived webcast on the company’s investor relations website.
Hesai Group has scheduled a board meeting for May 19, 2026 to review and approve the unaudited quarterly results of the company and its subsidiaries for the three months ended March 31, 2026, and to approve their publication.
On the same day, management will host a first quarter 2026 earnings conference call at 8:00 A.M. U.S. Eastern Time / 8:00 P.M. Beijing/Hong Kong Time. Investors can participate via a pre-registration phone link or follow a live and archived webcast on the company’s investor relations website.
Hesai Group, a Cayman Islands holding company with main operations in mainland China, files its annual report on Form 20-F for the year ended December 31, 2025. It reports 156,145,167 ordinary shares outstanding, split between Class A and Class B shares.
The report highlights a complex China-based structure, extensive intra-group cash movements, and strict internal controls over fund transfers. Hesai details heavy R&D investment in LiDAR and in-house ASICs, growing accounts receivable, and reliance on Chinese tax incentives.
Regulatory and geopolitical risk is a major theme, including PRC data and cybersecurity oversight, possible CSRC filing requirements for future overseas offerings, HFCAA-related delisting risk, U.S.–China trade tensions and tariffs on LiDAR exports, the U.S. Outbound Investment Program, and Hesai’s inclusion on the U.S. Department of Defense’s Section 1260H “Chinese Military Companies” list, which has already hurt customer relationships and share price.
Hesai Group, a Cayman Islands holding company with main operations in mainland China, files its annual report on Form 20-F for the year ended December 31, 2025. It reports 156,145,167 ordinary shares outstanding, split between Class A and Class B shares.
The report highlights a complex China-based structure, extensive intra-group cash movements, and strict internal controls over fund transfers. Hesai details heavy R&D investment in LiDAR and in-house ASICs, growing accounts receivable, and reliance on Chinese tax incentives.
Regulatory and geopolitical risk is a major theme, including PRC data and cybersecurity oversight, possible CSRC filing requirements for future overseas offerings, HFCAA-related delisting risk, U.S.–China trade tensions and tariffs on LiDAR exports, the U.S. Outbound Investment Program, and Hesai’s inclusion on the U.S. Department of Defense’s Section 1260H “Chinese Military Companies” list, which has already hurt customer relationships and share price.
Hesai Group filed a Form 6-K sharing a supplemental announcement about its continuing connected transactions with Sharpa under a Supply of Products Framework Agreement. The company explains how prices for robotic actuators and related manufacturing and support services will be set and monitored.
The consideration for both products and services will follow a cost-plus basis, with margin rates agreed after arm’s length negotiation. These margins will reference the median of the interquartile range of three-year weighted average cost-plus margins of comparable companies, as identified in an independent transfer pricing analysis report.
The board considers the margin ranges and the annual cap for transactions through December 31, 2026 to be fair and reasonable and in the interests of shareholders. Hesai also outlines internal control measures designed to ensure the transactions follow the framework terms, remain on normal commercial terms, and stay within the approved annual cap.
Hesai Group filed a Form 6-K sharing a supplemental announcement about its continuing connected transactions with Sharpa under a Supply of Products Framework Agreement. The company explains how prices for robotic actuators and related manufacturing and support services will be set and monitored.
The consideration for both products and services will follow a cost-plus basis, with margin rates agreed after arm’s length negotiation. These margins will reference the median of the interquartile range of three-year weighted average cost-plus margins of comparable companies, as identified in an independent transfer pricing analysis report.
The board considers the margin ranges and the annual cap for transactions through December 31, 2026 to be fair and reasonable and in the interests of shareholders. Hesai also outlines internal control measures designed to ensure the transactions follow the framework terms, remain on normal commercial terms, and stay within the approved annual cap.
Xiang Shaoqing reported acquisition or exercise transactions in this Form 4 filing.
Hesai Group director and Chief Technology Officer Xiang Shaoqing received a grant of 157,000 restricted share units. Each unit represents the right to receive one Class B ordinary share when it vests. The award was granted on March 25, 2026 as equity-based compensation.
The 157,000 restricted share units vest in four equal annual installments over a four-year period, beginning on the first anniversary of May 31, 2026, so long as Xiang continues in service through each vesting date. Following this grant, the Form 4 shows 157,000 restricted share units held directly.
Xiang Shaoqing reported acquisition or exercise transactions in this Form 4 filing.
Hesai Group director and Chief Technology Officer Xiang Shaoqing received a grant of 157,000 restricted share units. Each unit represents the right to receive one Class B ordinary share when it vests. The award was granted on March 25, 2026 as equity-based compensation.
The 157,000 restricted share units vest in four equal annual installments over a four-year period, beginning on the first anniversary of May 31, 2026, so long as Xiang continues in service through each vesting date. Following this grant, the Form 4 shows 157,000 restricted share units held directly.
Hesai Group reported a strong turnaround for 2025, achieving its first full-year GAAP profitability as a lidar company. Net revenues reached RMB3,027.6 million (US$432.9 million), up 45.8% year-over-year, with lidar shipments tripling to 1,620,406 units.
Full-year net income was RMB435.9 million (US$62.3 million), compared with a net loss of RMB102.4 million in 2024; non-GAAP net income rose to RMB550.5 million (US$78.7 million). Q4 2025 net revenues were RMB1,000.5 million with net income of RMB153.2 million.
Gross margin for 2025 was 41.8%. Cash reserve stood at RMB7,511.0 million (US$1,074.1 million) and shareholders’ equity at RMB8,958.8 million. Hesai guides Q1 2026 net revenues of RMB650–700 million, implying 24%–33% year-over-year growth, and received approximately US$6.4 million from a resolved IP arbitration.
Hesai Group reported a strong turnaround for 2025, achieving its first full-year GAAP profitability as a lidar company. Net revenues reached RMB3,027.6 million (US$432.9 million), up 45.8% year-over-year, with lidar shipments tripling to 1,620,406 units.
Full-year net income was RMB435.9 million (US$62.3 million), compared with a net loss of RMB102.4 million in 2024; non-GAAP net income rose to RMB550.5 million (US$78.7 million). Q4 2025 net revenues were RMB1,000.5 million with net income of RMB153.2 million.
Gross margin for 2025 was 41.8%. Cash reserve stood at RMB7,511.0 million (US$1,074.1 million) and shareholders’ equity at RMB8,958.8 million. Hesai guides Q1 2026 net revenues of RMB650–700 million, implying 24%–33% year-over-year growth, and received approximately US$6.4 million from a resolved IP arbitration.
Hesai Group director and Chief Scientist Sun Kai has filed an initial ownership report showing a large indirect equity position in the company. The filing lists indirect ownership of 9,228,622 Class A ordinary shares held through Fermat Star Limited, establishing his reported stake at the time of this Form 3.
Hesai Group director and Chief Scientist Sun Kai has filed an initial ownership report showing a large indirect equity position in the company. The filing lists indirect ownership of 9,228,622 Class A ordinary shares held through Fermat Star Limited, establishing his reported stake at the time of this Form 3.
Hesai Group director Ren Jia has filed an initial ownership report detailing restricted share units (RSUs). These RSUs give a contingent right to receive Class B ordinary shares when they vest. According to the disclosure, the awards vest in three tranches on November 11, 2026, September 8, 2027, and September 7, 2028, and do not have expiration dates.
Hesai Group director Ren Jia has filed an initial ownership report detailing restricted share units (RSUs). These RSUs give a contingent right to receive Class B ordinary shares when they vest. According to the disclosure, the awards vest in three tranches on November 11, 2026, September 8, 2027, and September 7, 2028, and do not have expiration dates.
Hesai Group Chief Financial Officer Fan Peng filed an initial ownership report outlining existing equity interests in the company. The filing lists restricted share units that give a contingent right to receive Class B ordinary shares, vesting between September 19, 2026 and December 1, 2029 under the issuer's share incentive plan. It also shows options to buy Class B ordinary shares at an exercise price of $0.9000 per share, expiring on November 18, 2031, with portions vesting monthly from April 1, 2026 through January 1, 2029. In addition, Fan Peng holds 48,000 American depositary shares, each representing one Class B ordinary share, and 1,600 Class B ordinary shares directly. The report reflects holdings only and does not show any buy or sell transactions.
Hesai Group Chief Financial Officer Fan Peng filed an initial ownership report outlining existing equity interests in the company. The filing lists restricted share units that give a contingent right to receive Class B ordinary shares, vesting between September 19, 2026 and December 1, 2029 under the issuer's share incentive plan. It also shows options to buy Class B ordinary shares at an exercise price of $0.9000 per share, expiring on November 18, 2031, with portions vesting monthly from April 1, 2026 through January 1, 2029. In addition, Fan Peng holds 48,000 American depositary shares, each representing one Class B ordinary share, and 1,600 Class B ordinary shares directly. The report reflects holdings only and does not show any buy or sell transactions.