Yu Zhang's questions to Hesai Group (HSAI) leadership • Q4 2024
Question
Yu Zhang from Huatai Securities asked for the strategy to achieve the strong 2025 guidance for shipments and profitability. He also questioned the long-term necessity of LiDAR in robotics, suggesting cheaper sensors might suffice.
Answer
CFO Peng Fan explained that the 2025 profit guidance is achievable through strong top-line growth driven by customer orders, generating RMB 400-600 million in additional gross profit, combined with disciplined OpEx management. CEO David Li countered the robotics question by using the robotic vacuum cleaner as an example, arguing that LiDAR provides essential functions like SLAM that create significant value, making it a long-term necessity for many applications.