04:09 AM EDT, 05/27/2025 (MT Newswires) -- Hesai Group ( HSAI ) reported Monday it swung to Q1 adjusted earnings of 0.06 renminbi ($0.01) per diluted share from a loss of 0.54 renminbi a year earlier.

Revenue for the quarter ended March 31 was 525.3 million renminbi, up from 359.1 million renminbi a year earlier.

A single analyst polled by FactSet expected 532.2 million renminbi.

The company expects Q2 revenue to range from 680 million renminbi to 720 million renminbi. A single analyst polled by FactSet is expecting 680.5 million renminbi.