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    Zichao Yang

    Research Analyst at SPDB International

    Zichao Yang is a Research Analyst at SPDB International, focusing on equity analysis with active coverage of companies such as Hesai Group. He is known for his contributions to earnings call discussions, leveraging sector knowledge to ask company-specific questions within his research coverage. While concrete performance metrics or industry rankings are not publicly disclosed, Yang maintains an analytical presence in the investment banking sector. His professional background at SPDB International complements his developing expertise in financial analysis, though details regarding licenses or prior firms are not available.

    Zichao Yang's questions to Hesai (HSAI) leadership

    Zichao Yang's questions to Hesai (HSAI) leadership • Q4 2024

    Question

    Zichao Yang from SPDBI asked for an updated capital expenditure plan for 2025 and 2026, considering the strong demand from both automotive and robotics sectors and the launch of new production lines.

    Answer

    CFO Peng Fan stated that 2025 CapEx will focus on launching new production lines to expand annualized capacity to 2 million units by year-end. He also mentioned preliminary plans for potential overseas manufacturing facilities. The full-year 2025 CapEx is projected to be between USD 30 million and USD 50 million, which the company has sufficient financial resources to support.

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