HESAI-W (02525.HK)  -2.200 (-1.247%)    Short selling $40.38M; Ratio 31.166%   announced its results for 1Q26 ended March this year. Revenue rose 29.6% YoY to RMB681 million. Gross margin narrowed 2.6 ppts YoY to 39.1%. The company swung to a profit of RMB18.315 million, compared with a loss of RMB17.549 million in the same period last year. EPS was RMB0.12. Under non-GAAP, quarterly net profit increased 4.53x YoY to RMB47.748 million. Non-GAAP EPS was RMB0.31. The company expects SGI to start contributing revenue in 2Q26 and forecasts net revenue contribution of approximately RMB100 million this year. Looking ahead, driven by continued expansion of its lidar business and volume ramp-up of the SGI business, the company expects its financial performance in 2026 to strengthen on a QoQ basis. Hesai Group (HSAI.US)      rose 6.8% in US premarket trading to USD23.5. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-19 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)AASTOCKS Financial News

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HESAI-Wreported a profit of RMB18.315 million for 1Q26, reversing a loss from the previous year. Revenue increased 29.6% YoY to RMB681 million, with a gross margin of 39.1%. Non-GAAP net profit surged 4.53x YoY to RMB47.748 million. The company anticipates revenue from SGI starting in 2Q26, projecting a contribution of approximately RMB100 million this year. HESAI shares rose 6.8% in US premarket trading.

HESAI-W 1Q Results Swing into Profit of RMB18.315M; US Shrs Up ~7% Premarket