Hesai Group reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 445.56 million compared to CNY 333.85 million a year ago. Net loss was CNY 141.77 million compared to CNY 70.75 million a year ago. Basic loss per share from continuing operations was CNY 1.13 compared to CNY 2.46 a year ago.
For the nine months, sales was CNY 1,315.81 million compared to CNY 793.49 million a year ago. Net loss was CNY 335.06 million compared to CNY 165.48 million a year ago. Basic loss per share from continuing operations was CNY 2.7 compared to CNY 5.29 a year ago.