Hesai Group (NASDAQ:HSAI) Q3 2024 Results Conference Call November 25, 2024 8:00 PM ET
Company Participants
Yuanting Shi – Investor Relations
David Li – Co-Founder & CEO
Andrew Fan – CFO
Conference Call Participants
Cindy Huang – Morgan Stanley
Tina Hou – Goldman Sachs
Zhang Yu – Huatai Securities
Olivia Zhang – HTI
Operator
Hello, ladies and gentlemen. Thank you for standing by. Welcome to Hesai Group’s Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that today’s conference call is being recorded.
I will now turn the call over to our first speaker today, Yuanting Shi, the Company’s Investor Relations Director. Please go ahead.
Yuanting Shi
Thank you, operator. Hello, everyone, and thank you for joining Hesai Group’s Third Quarter 2024 Earnings Conference Call. Our earnings release is now available on our IR website at investor.Hesaitech.com, as well as via Newswire services.
Today you will hear from our CEO, Dr. David Li, who will provide an overview of our recent updates. Next, we would like to welcome our new CFO, Mr. Andrew Fan, who will address our financial results before we open the call for questions.
Before we continue, I refer you to the safe harbor statement in our earnings press release, which applies to this call as we’ll make forward-looking statements. Please also note that the Company will discuss non-GAAP measures today, which are more thoroughly explained and reconciled to the most comparable measures reported on the GAAP in our earnings release and SEC filings.
With that, I’m pleased to turn over the call to our CEO, Dr. David Li. David, please go ahead.
David Li
Thank you, Yuanting, and thank you, everyone, for joining our call today. Let’s start with an overview of this quarter’s progress. First, we surpassed the high end of our revenue guidance for the third quarter, delivering net revenue of
