Record-Breaking Revenue and Growth
Net revenue surged nearly 50% year-over-year, with total shipments reaching 441,398 units, up 229% year-over-year. Q3 net revenue of RMB 795 million or USD 112 million marks the sixth consecutive quarter of robust year-over-year growth.
Profitability and Financial Leadership
Delivered a record quarterly GAAP net income of RMB 256 million and a 9-month GAAP net income of RMB 283 million, achieving the full year target ahead of schedule. Raised full year GAAP net income guidance for 2025 to RMB 350 million to RMB 450 million.
Milestone in LiDAR Production
Produced over 1 million LiDAR units in 2025, becoming the first globally to achieve this milestone.
Strong Position in ADAS Market
Captured 46% market share in the long-range automotive LiDAR market in August. Achieved 100% LiDAR adoption across all 2026 models from top two ADAS customers.
Successful Hong Kong IPO
Listed on the Main Board of the Hong Kong Stock Exchange, raising USD 614 million after the greenshoe option, marking the largest IPO in the global LiDAR sector.