Hesai Technology unveiled its unaudited financial results for the second quarter of 2026, revealing revenue of 860 million yuan and a GAAP net profit of 70.55 million yuan, marking a substantial 60.0% year-on-year increase. The company has now achieved GAAP profitability for five consecutive quarters. It has developed a comprehensive product matrix that includes LiDAR, the Kosmo Spatial Intelligence Platform, and robotic power modules, positioning itself as the sole company in the industry to offer full-link coverage from 'perception-understanding-execution' and achieve successful commercialization. During this quarter, the SGI business generated revenue for the first time, with cumulative deliveries of power modules surpassing 10,000 units and plans underway to expand into full-body joint modules. The Kosmo platform has completed its initial batch of prototype deliveries, secured orders from multiple enterprises, and is projected to start contributing revenue in the third quarter. The company has revised its full-year 2026 SGI revenue forecast upwards to 200-300 million yuan and anticipates SGI revenue to reach approximately 700 million yuan in 2027, achieving break-even status. In the LiDAR sector, the company continues to lead the market, with over 50 embodied intelligence companies adopting the JT128 LiDAR, and the 'Picasso' chip poised for mass production.