Hesai Technology is set to embark on its journey to the Hong Kong Stock Exchange. Financial records indicate that the company's net revenues soared from RMB 1.2027 billion in 2022 to RMB 1.877 billion in 2023, and further to RMB 2.0772 billion in 2024. Notably, in the first quarter of 2025, Hesai Technology's net revenue reached RMB 525.3 million, marking a robust 46.3% year-on-year growth.