[Hesai Technology’s Q3 revenue increased by 34.3% year-on-year to 1.068 billion yuan Lidar shipments increased by 65.3%] On November 10, Hesai Technology announced its unaudited financial results for the third quarter of 2026, with quarterly revenue of 1.068 billion yuan (approximately US$159 million), year-on-year An increase of 34.3%; net profit was 80.8 million yuan, a year-on-year decrease of 68.5%; Non-GAAP net profit was 119 million yuan, a year-on-year decrease of 58.6%; the gross profit margin was 41%, compared with 42.1% in the same period last year. Total lidar shipments in the third quarter were 729,700 units, a year-on-year increase of 65.3%; of which, ADAS lidar shipments were 638,100 units, a year-on-year increase of 67.6%, and robot lidar shipments were 91,600 units, a year-on-year increase of 51.1%. Robot actuator module shipments were 23,400 units, a month-on-month increase of 96.8%. As of the end of the third quarter, the company's cash reserves were 6.977 billion yuan. The company expects fourth-quarter revenue of 1.1 billion to 1.15 billion yuan.