v3.26.1
NET REVENUES (Tables)
12 Months Ended
Dec. 31, 2025
NET REVENUES  
Schedule of net revenues

  ​ ​ ​

For the Year ended December 31, 

2023

2024

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

Product revenues

 

  ​

 

  ​

 

  ​

Revenue from LiDAR products

 

1,735,254

 

1,946,775

 

2,973,340

Other product revenues

 

29,636

 

19,259

 

9,579

Service revenues

 

  ​

 

  ​

 

Engineering design, development and validation service and solution revenue

 

100,493

 

100,290

 

36,118

Other service revenues

 

11,606

 

10,833

 

8,536

Total

 

1,876,989

 

2,077,157

 

3,027,573

  ​ ​ ​

For the Year ended December 31, 

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

RMB

RMB

RMB

Revenue recognized at a point of time

  ​ ​ ​

1,783,803

  ​ ​ ​

2,038,302

  ​ ​ ​

3,023,288

Revenue recognized over time

 

93,186

 

38,855

 

4,285

Total

 

1,876,989

 

2,077,157

 

3,027,573

  ​ ​ ​

For the Year ended December 31, 

2023

2024

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

Revenue by geographic location

 

  ​

 

  ​

 

  ​

Chinese Mainland

 

991,912

 

1,542,793

 

2,354,727

North America

 

748,147

 

280,874

 

451,689

Europe

 

70,500

 

161,095

 

140,002

Other regions

 

66,430

 

92,395

 

81,155

Total

 

1,876,989

 

2,077,157

 

3,027,573

Schedule of movements of the accounts receivable and contract balances

  ​ ​ ​

Accounts

  ​ ​ ​

Contract

  ​ ​ ​

Contract

Receivable

assets

liabilities

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

Opening Balance as of January 1, 2023

 

485,044

 

12,600

 

40,378

Increase, net

 

39,774

 

7,088

 

39,547

Ending Balance as of December 31, 2023

 

524,818

 

19,688

 

79,925

Increase (decrease), net

 

240,209

 

(9,779)

 

(46,931)

Ending Balance as of December 31, 2024

765,027

 

9,909

 

32,994

Increase (decrease), net

497,193

(9,909)

(11,975)

Ending Balance as of December 31, 2025

 

1,262,220

 

 

21,019