Hesai Group (HSAI.US) manifested a 46% YoY revenue growth in 2025, with a net profit of RMB436 million, CICC said in a research report. The non-GAAP net profit proliferated to RMB551 million. The results aligned with market expectations.Owing to a downward shift in Hesai's product mix, the broker revised down its net profit forecasts for 2026 and 2027 by 13.8% and 10.6% respectively, to RMB533 million and RMB848 million. Related NewsCiti Slashes HESAI-W (02525.HK) TP to $257.5, Cuts Earnings Forecasts; Quarterly Results in LineThe broker maintained an Outperform rating on Hesai's US shares but lowered the target price by 14% to USD27.14. As for HESAI-W (02525.HK) -9.000 (-5.422%) Short selling $62.53M; Ratio 22.419% , the Outperform rating was maintained, but the target price was axed by 10% to HKD217. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-26 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)