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Hesai Group Files Its Annual Report on Form 20-F

1. Hesai filed its annual report for FY 2024 on April 1, 2025. 2. The report is available on the SEC and Hesai's investor website. 3. Hesai leads in lidar solutions for automotive and robotics applications. 4. The company emphasizes rapid product iteration and affordability. 5. It operates globally with offices in key markets.

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FAQ

Why Bullish?

The announcement of the annual report typically boosts investor confidence. Companies like Tesla have spurred growth after transparent financial disclosures.

How important is it?

Annual reports reflect company performance; transparency can lead to increased investor interest. Strong upcoming financials could optimize future gains.

Why Short Term?

Immediate effects from the annual report can influence trading behavior. Historically, quarterly updates lead to quick price adjustments as investors react.

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April 01, 2025 17:50 ET  | Source: Hesai Group SHANGHAI, China, April 01, 2025 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the “SEC”) on April 1, 2025. The annual report, which contains the Company’s audited consolidate statements, can be accessed on the SEC’s website at https://www.sec.gov and on Hesai’s investor relations website at https://investor.hesaitech.com. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and holders of American depositary shares upon request. About Hesai Hesai Group is a global leader in lidar solutions. The company's lidar products enable a broad spectrum of applications including passenger and commercial vehicles ("ADAS"), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs ("Robotics"). Hesai seamlessly integrates its in-house manufacturing process with lidar R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The company's commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in Shanghai, Palo Alto and Stuttgart, with customers spanning more than 40 countries. For investor and media inquiries, please contact: Hesai GroupYuanting “YT” Shi, Head of Capital MarketsEmail: ir@hesaitech.com Christensen AdvisoryTel: +86-10-5900-1548Email: hesai@christensencomms.com Source: Hesai Group

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