UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2024
Commission File Number: 001-41611
Hesai Group
9th Floor, Building L2-B
1588 Zhuguang Road, Qingpu District
Shanghai 201702
People's Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Exhibit Index
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Hesai Group |
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By: |
/s/ Yifan Li |
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Name: |
Yifan Li |
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Title: |
Chief Executive Officer |
| Date: January 12, 2024 |
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Exhibit 99.1
Hesai
Group Announces Certain Preliminary Fourth Quarter and Full Year 2023 Revenues and Lidar Shipments Figures
| · | Expects 4Q2023 and FY2023
net revenues to exceed the top of the guidance range of US$76 million and US$250 million, respectively |
| · | Expects FY2023 total lidar
shipments to exceed the guidance of 220,000 units and ADAS lidar shipments for FY2023 to exceed the target of 200,000 units |
SHANGHAI, China, Jan. 11,
2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai,” “Hesai Technology” or the “Company”) (NASDAQ: HSAI),
the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced certain preliminary, unaudited financial
and operating results for the fourth quarter and full year 2023. These results are unaudited, subject to the completion of the Company’s
year-end financial reporting processes, reviews, audit, and potential adjustments that might result therefrom.
| · | For the fourth quarter of 2023,
the Company expects net revenues to surpass the high-end of the prior guidance range of RMB535 million (US$73.3 million) and RMB555 million
(US$76.1 million), compared with RMB409 million (US$59.3 million) for the corresponding period in 2022. For the year ended December 31,
2023, the Company expects net revenues to exceed its target of RMB1.8 billion (US$250 million). |
| · | For the year ended December 31,
2023, the Company expects total lidar shipments to surpass the prior guidance of 220,000 units, compared with shipments of 80,462 units
in the corresponding period of 2022. The Company also expects to exceed its target of 200,000 ADAS lidar shipments for the year ended
December 31, 2023. |
“We are excited
about the Company’s fourth quarter financial and operating performance. We capped off a record-setting 2023 by delivering over 50,000
lidar units in December,” said Yifan “David” Li, Hesai’s Co-Founder and CEO. “In the fourth quarter, we
maintained strong momentum by securing numerous new design wins, introducing new product series, and enhancing our manufacturing capabilities
to strengthen our leading position in the global lidar industry. As we embark on 2024, we are confident in our business, and have secured
ADAS design wins with 15 leading OEMs and Tier-1 suppliers, covering over 50 vehicle models to date. We expect these OEM and vehicle model
wins to grow significantly in the year ahead. We will stay true to our commitment to the highest performance, quality, safety, and reliability
in the lidar industry.”
The Company expects to
report fourth quarter and full year 2023 unaudited financial results in March 2024.
About Hesai
Hesai Technology is the
global leader in three-dimensional light detection and ranging (lidar) solutions. The Company’s lidar products enable a broad spectrum
of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets
(autonomous mobility). Hesai’s technology also empowers robotics applications such as last-mile delivery robots and logistics robots
in restricted areas. The Company’s commercially validated solutions are backed by superior research and development capabilities
across optics, mechanics, electronics, and software. Hesai integrates lidar designs with an in-house manufacturing process, facilitating
rapid product development while ensuring high performance, consistent quality and affordability. Hesai has established strong relationships
with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 90 cities in 40 countries as of December 31,
2022.
For more information,
please visit: https://investor.hesaitech.com.
Exchange Rate Information
This announcement contains
translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Translations of the
estimated revenue for the fourth quarter and full year of 2023 from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate
of RMB7.2960 to US$1.00, the exchange rate on September 29, 2023, set forth in the H.10 statistical release of the Federal Reserve
Board. Translations of the revenue for the fourth quarter of 2022 from RMB to U.S. dollars and from U.S. dollars to RMB are made at a
rate of RMB6.8972 to US$1.00, the exchange rate on December 30, 2022, set forth in the H.10 statistical release of the Federal Reserve
Board. The Company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB,
as the case may be, at any particular rate or at all. The exchange rate should be determined based on the final settlement, and the exchange
rates currently utilized in this announcement are consistent with those reported in the Company’s previous periodic reports.
Safe Harbor Statement
This announcement contains
forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,”
“anticipates,” “aims,” “future,” “intends,” “plans,” “believes,”
“estimates,” “confident,” “potential,” “continue” or other similar expressions. Among
other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational
plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical
facts, including but not limited to statements about the Company’s beliefs and expectations, statements regarding the Company’s
preliminary results for the fourth quarter and full year 2023 revenue, statements regarding the Company’s expected lidar shipments
in 2023, statements regarding the Company’s expectations for business growth in 2024 and other statements regarding the Company’s
future financial and operational performance, are forward-looking statements.
Forward-looking statements
involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in
any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s
future business development, financial condition and results of operations; expected changes in the Company’s revenues, costs or
expenditures; the trends in, expected growth and the market size of the ADAS, autonomous mobility and robotics industries; the market
for and adoption of lidar and related technology; the Company’s ability to produce high-quality products with wide market acceptance;
the success of the Company’s customers in developing and commercializing products using its solutions, and the market acceptance
of those products; the Company’s ability to introduce new products that meet its customers’ requirement; the Company’s
expectations regarding the effectiveness of its marketing initiatives and the relationship with its third-party partners; competition
in the Company’s industry; the Company’s ability to recruit and retain qualified personnel; relevant government policies and
regulations relating to the Company’s industry; the Company’s ability to protect its systems and infrastructures from cyber-attacks;
general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this
press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking
statement, except as required under applicable law.
In addition, the foregoing
preliminary financial information reflects management’s current views with respect to the Company’s financial results. Such
preliminary financial information is subject to the finalization and closing of the accounting books and records of the Company, which
have yet to be fully performed, and should not be viewed as a substitute for financial statements prepared in accordance with applicable
accounting standards. In the course of preparing and finalizing the Company’s financial statements for the fourth quarter and full
year 2023, these preliminary estimates will be subject to change and the Company may identify items that will require it to make adjustments
to such estimates. For these or other reasons, these preliminary financial estimates may not ultimately be indicative of the Company’s
results for the fourth quarter and full year 2023 and actual results may differ from those described above. No independent registered
public accounting firm has reviewed, examined or performed any procedures with respect to, nor have they expressed any form of assurance
on, these preliminary estimated results.
For investor and media inquiries, please
contact:
In China:
Hesai Group
Yuanting “YT” Shi, Investor Relations Director
Email: ir@hesaitech.com
Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
Email: hesai@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: hesai@tpg-ir.com
Grafico Azioni Hesai (NASDAQ:HSAI)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Hesai (NASDAQ:HSAI)
Storico
Da Gen 2024 a Gen 2025
