12:23 PM EDT, 08/15/2025 (MT Newswires) -- Hesai Group ( HSAI ) shares advanced over 7% in recent Friday trading after the company reported a profit in Q2 and a new lidar design win from Toyota ( TM ).

Late Thursday, the China-based lidar manufacturer reported Q2 non-GAAP earnings of 0.53 renminbi ($0.07) per diluted share, swinging from a loss of 0.34 renminbi a year earlier.

Net revenue for the quarter ended June 30 rose to 706.4 million renminbi from 458.9 million renminbi a year ago.

Separately, the company said it secured a lidar design slot from Toyota ( TM ) for a new-energy model to be built by a China-based joint venture, with mass production eyed for 2026.

Price: 24.94, Change: +1.62, Percent Change: +6.95