$Hesai(HSAI.US)Context: Q4: total revenue of RMB 1.1–1.15 bn which points to mild downstream demand. FY26: SGI revenue m…
$Hesai(HSAI.US)
Context: Q4: total revenue of RMB 1.1–1.15 bn which points to mild downstream demand. FY26: SGI revenue maintained at RMB 200–300 mn, with actuator modules contributing the majority. GPM target is close to 40%, while group opex is expected to rise approx. 20% YoY, with the incremental spend mainly on SGI R&D; ex-SGI, lidar opex declines YoY.
2027: SGI revenue targeted at approx. $100 mn (about RMB 700 mn), contributing 10%+ of total and likely breakeven in the same year. Group GPM is expected to be broadly stable, with clearer guidance to come next year. Total revenue of RMB 1.068 bn (+34% YoY), marks the 10th straight YoY gain. GPM was 41%, and GAAP profitability has now been sustained for six consecutive quarters.
My Trade: Bought into this when it was nearer to its peaks. On hindsight, it was probably wiser to wait for the pullback.
Takeaway: I'm still looking to go long for Hesai. I think the growth trajectory is still intact and I'm interested in their LiDAR solutions. Of course, this is a slightly riskier investment so not financial advice. @Captain's Treasure
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.