Hesai Group (HSAI) Q2 2023 Earnings Call Transcript

Hesai Group (NASDAQ:HSAI) Q2 2023 Results Conference Call August 14, 2023 9:00 PM ET

Company Participants

Yuanting Shi - IR
Dr. David Li - CEO
Louis Hsieh - Global CFO

Conference Call Participants

Tim Hsiao - Morgan Stanley
Olivia Xu - Goldman Sachs
Bin Wang - Credit Suisse
Leping Huang - Huatai
Yang Kong - CICC
Yi Lu - JPMorgan

Operator

Thank you for standing by and welcome to the Hesai Group Second Quarter 2023 Earnings Conference Call. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session [Operator Instructions]

I would now like to hand the conference over to Yuanting Shi. Please go ahead.

Yuanting Shi

Thank you, operator. Hello, everyone, and thank you for joining Hesai Group's Second Quarter 2023 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 start the call with an overview of our recent updates. Next, our Global CFO, Mr. Louis Hsieh, 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 will 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.

Dr. David Li

Thank you, Yuanting, and thank you everyone for joining our call today. In the second quarter, our team's dedication and hard work resulted in record-breaking quarterly figures. In particular, we achieved unprecedented