Hesai Technology's 2024 operating expenditure, R&D expenditure and capital expenditure budget guidance

Hesai Technology has planned its operating expenses, R&D expenses, and capital expenditure budgets for 2024. The company expects that operating expenses will maintain a low growth in 2024, and R&D expenses and general administrative expenses will not increase significantly, but sales and marketing expenses will increase. Hesai Technology also expects that by the second half of 2024, the company will be very close to the break-even point.