---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000980175.md"
description: "$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"
datetime: "2026-11-10T15:28:56.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000980175.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000980175.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000980175.md)
author: "[NewUser_zS0M8w ](https://longbridge.com/en/profiles/17387057.md)"
generator: "portal-rs"
---

# $Hesai(HSAI.US)Context: Q4: total revenue of RMB 1…


### Related Stocks

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**