Hesai Technology has achieved its first full-year non-GAAP profitability. Lei News and IT Home reported the leading Chinese LiDAR company’s unaudited financial results for 2024. Fourth-quarter revenue reached CNY720 million (US$99.30 million), up 28.3% year over year. Hesai posted a net income of CNY150 million for the quarter, reversing a CNY140 million net loss from the same period in 2023.