# EDGAR Filing Document

**Accession Number:** 0001765660
**File Stem:** 0001193125-25-227409
**Filing Date:** 2025-10
**Character Count:** 22303
**Document Hash:** 2eacc641eb7d95fdc2bc60182ce888b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-227409.hdr.sgml**: 20251002

**ACCESSION NUMBER**: 0001193125-25-227409

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251002

**DATE AS OF CHANGE**: 20251002

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hesai Group
- **CENTRAL INDEX KEY:** 0001861737
- **STANDARD INDUSTRIAL CLASSIFICATION:** GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94336
- **FILM NUMBER:** 251366961

**BUSINESS ADDRESS:**
- **STREET 1:** 1588 ZHUGUANG ROAD
- **STREET 2:** 9TH FLOOR, BUILDING L2-B
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 201702
- **BUSINESS PHONE:** 86 21 31588240

**MAIL ADDRESS:**
- **STREET 1:** 1588 ZHUGUANG ROAD
- **STREET 2:** 9TH FLOOR, BUILDING L2-B
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 201702
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Xiaomi Corp
- **CENTRAL INDEX KEY:** 0001765660

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** RAINBOW CITY OFFICE BUILDING
- **STREET 2:** 68 QINGHE MIDDLE STREET, HAIDIAN
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **BUSINESS PHONE:** 86.10.60606666

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** RAINBOW CITY OFFICE BUILDING
- **STREET 2:** 68 QINGHE MIDDLE STREET, HAIDIAN
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4

### Attached PDF Documents

**Attachment 1:** `ck0000000000-ex99_1.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Issuer:** Hesai Group

**Title of Class of Securities:** Class B ordinary shares, par value of $0.0001 per share

**CUSIP Number:** 428050108

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Xiaomi Corporation | Names of Reporting Persons<br>Xiaomi Corporation |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>5032680 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>5032680 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5032680 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5032680 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>3.22% | Percent of Class Represented by Amount in Row (9)<br>3.22% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** Row 5:	Represents (i) 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation; and (ii) 2,883,450 Class B ordinary shares held by Fast Pace Limited, a British Virgin Islands company wholly owned by Xiaomi Corporation.
Row 11:	The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025.

---

| 1. | Names of Reporting Persons<br>Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) | Names of Reporting Persons<br>Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>F4 | Citizenship or Place of Organization<br>F4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>2149230 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>2149230 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2149230 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2149230 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.38% | Percent of Class Represented by Amount in Row (9)<br>1.38% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** Row 5:	Represents 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation.
Row 11: 	The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025.

---

| 1. | Names of Reporting Persons<br>Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd. | Names of Reporting Persons<br>Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>F4 | Citizenship or Place of Organization<br>F4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>2149230 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>2149230 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2149230 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2149230 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.38% | Percent of Class Represented by Amount in Row (9)<br>1.38% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Row 5:	Represents 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation.
Row 11:	The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025.

---

| 1. | Names of Reporting Persons<br>Fast Pace Limited | Names of Reporting Persons<br>Fast Pace Limited |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D8 | Citizenship or Place of Organization<br>D8 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>2883450 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>2883450 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2883450 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2883450 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.85% | Percent of Class Represented by Amount in Row (9)<br>1.85% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** Row 5:	Represents 2,883,450 Class B ordinary shares held by Fast Pace Limited, a British Virgin Islands company wholly owned by Xiaomi Corporation.
Row 11:	The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025.

---

**Item 1(a). Name of Issuer:**
Hesai Group

**Item 1(b). Address of Issuer's Principal Executive Offices:**
9th Floor, Building L2-B 1588, Zhuguang Road, Qingpu District, Shanghai 201702,  People's Republic of China

**Item 2(a). Name of Person Filing:**
(i)	Xiaomi Corporation;

(ii)	Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership)

(iii)	Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.

(iv)	Fast Pace Limited

                 (collectively, the "Reporting Persons")

Explanatory Note
This Amendment No. 1 (this "Amendment") amends, in its entirety, the statement on Schedule 13G originally filed on February 9, 2024 by the Reporting Persons. This Amendment is being filed to disclose that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the outstanding shares of the Issuer. This Amendment is the final amendment to the Schedule 13G and constitutes an exit filing for each Reporting Person.

**Item 2(b). Address of Principal Business Office:**
(i)	Xiaomi Corporationc/o Maples Corporate Services Limited, P.O. Box 309, Ugland House
Grand Cayman, KY1-1104, Cayman Islands

(ii)	Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership)
Floor 5, Building 7, No. 3601 Dongfang Road, Pudong New Area
Shanghai, People's Republic of China

(iii)	Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.
No.8, 1st floor, 66 Jiufeng 1st Road, Donghu New Technology Development Zone
Wuhan, People's Republic of China

(iv)	Fast Pace Limitedc/o Start Chambers, Wickham's Cay II, P. O. Box 2221, Road
Town Tortola, British Virgin Island

**Item 2(c). Citizenship:**
(i)	Xiaomi Corporation - Cayman Islands

(ii)	Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) - People's Republic of China

(iii)	Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd. - People's Republic of China

(iv)	Fast Pace Limited - British Virgin Islands

**Item 2(d). Title of Class of Securities:**
Class B ordinary shares, par value of $0.0001 per share

**Item 2(e). CUSIP Number:**
428050108

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Reporting Person	                            Amount                                Percent                Percent of                          Sole power to                Shared power                 Sole power to                 	Shared power
beneficially                             of                       aggregate                          vote or direct                 to vote or to                    dispose or to                           to dispose or
owned                                  class(1)	        voting  power(2)                      the vote                   direct the vote            direct the disposition of         to direct the disposition of
Xiaomi Corporation                             5,032,680 (3)                        3.2%                      1.3%                           5,032,680 (3)                             0                            5,032,680 (3)                                  0
Shanghai Ziyue
Enterprise Management
Consulting Partnership
(Limited Partnership)                           2,149,230 (4)                      1.4%                      0.5%                              2,149,230 (4)                            0                             2,149,230 (4)                                 0
Hubei Xiaomi Changjiang
Industrial Investment Fund
Management Co., Ltd.                         2,149,230 (4)                      1.4%                      0.5%                              2,149,230 (4)                            0                             2,149,230 (4)                                 0
Fast Pace Limited                                2,883,450 (5)                      1.9%                      0.7%                              2,883,450 (5)                            0                              2,883,450 (5)                                0
(1)	The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025.
(2)	The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025. Each Class B ordinary share is entitled to one vote per share and each Class A ordinary share is entitled to ten votes per share on all matters submitted to the shareholders for a vote.
(3)	Represents (i) 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation; and (ii) 2,883,450 Class B ordinary shares held by Fast Pace Limited, a British Virgin Islands company wholly owned by Xiaomi Corporation.
(4)	Represents 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation.
(5)	Represents 2,883,450 Class B ordinary shares held by Fast Pace Limited, a British Virgin Islands company wholly owned by Xiaomi Corporation.

**(b) Percent of class:**

Xiaomi Corporation: 3.22%, representing 1.26% of the total outstanding voting power;
Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership):1.38%, representing 0.54% of the total outstanding voting power;
Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.:1.38%, representing 0.54% of the total outstanding voting power;
Fast Pace Limited:1.85%, representing 0.72% of the total outstanding voting power

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Xiaomi Corporation: 5,032,680 Class B ordinary shares
Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership):2,149,230 Class B ordinary shares
Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.:2,149,230 Class B ordinary shares
Fast Pace Limited:2,883,450 Class B ordinary shares

**(ii) Shared power to vote or to direct the vote:**

Xiaomi Corporation: 0
Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership): 0
Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.: 0
Fast Pace Limited: 0

**(iii) Sole power to dispose or to direct the disposition of:**

Xiaomi Corporation: 5,032,680 Class B ordinary shares
Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership):2,149,230 Class B ordinary shares
Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.:2,149,230 Class B ordinary shares
Fast Pace Limited:2,883,450 Class B ordinary shares

**(iv) Shared power to dispose or to direct the disposition of:**

Xiaomi Corporation: 0
Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership): 0
Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.: 0
Fast Pace Limited: 0

**Item 5. Ownership of Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Xiaomi Corporation**

**Date:** 10/02/2025

**By:** By: /s/ Jun Lei

**Name & Title:** Jun Lei, Director

**Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership)**

**Date:** 10/02/2025

**By:** /s/ Alain Lam

**Name & Title:** By: Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., its General Partner, Alain Lam, Authorized Signatory

**Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.**

**Date:** 10/02/2025

**By:** By: /s/ Alain Lam

**Name & Title:** Alain Lam, Legal Representative

**Fast Pace Limited**

**Date:** 10/02/2025

**By:** By: /s/ Alain Lam

**Name & Title:** Alain Lam, Director