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    Hesai Group

    Subscribe to $HSAI
    $HSAI
    Industrial Machinery/Components
    Industrials

    IPO Year: 2023

    Exchange: NASDAQ

    Recent Analyst Ratings for Hesai Group

    DatePrice TargetRatingAnalyst
    8/19/2025$35.00Buy
    UBS
    7/28/2025$26.00Equal-Weight → Overweight
    Morgan Stanley
    6/9/2025$29.30Buy
    Jefferies
    3/11/2025$35.00Buy
    Daiwa Securities
    1/14/2025$5.50 → $18.39Neutral → Buy
    Goldman
    1/13/2025$5.80 → $15.00Overweight → Equal-Weight
    Morgan Stanley
    9/26/2023$12.90Buy
    Citigroup
    9/22/2023$14.80Buy
    BofA Securities
    8/18/2023$25.00 → $12.40Buy → Neutral
    Goldman
    3/13/2023$31.00Buy
    Goldman
    See more ratings

    Hesai Group Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    UBS initiated coverage on Hesai Group with a new price target

    UBS initiated coverage of Hesai Group with a rating of Buy and set a new price target of $35.00

    8/19/25 8:34:16 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group upgraded by Morgan Stanley with a new price target

    Morgan Stanley upgraded Hesai Group from Equal-Weight to Overweight and set a new price target of $26.00

    7/28/25 8:23:41 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Jefferies initiated coverage on Hesai Group with a new price target

    Jefferies initiated coverage of Hesai Group with a rating of Buy and set a new price target of $29.30

    6/9/25 7:51:49 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Daiwa Securities initiated coverage on Hesai Group with a new price target

    Daiwa Securities initiated coverage of Hesai Group with a rating of Buy and set a new price target of $35.00

    3/11/25 7:37:34 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group upgraded by Goldman with a new price target

    Goldman upgraded Hesai Group from Neutral to Buy and set a new price target of $18.40 from $5.50 previously

    1/14/25 7:57:01 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group downgraded by Morgan Stanley with a new price target

    Morgan Stanley downgraded Hesai Group from Overweight to Equal-Weight and set a new price target of $15.00 from $5.80 previously

    1/13/25 7:46:55 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Citigroup initiated coverage on Hesai Group with a new price target

    Citigroup initiated coverage of Hesai Group with a rating of Buy and set a new price target of $12.90

    9/26/23 9:20:30 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    BofA Securities initiated coverage on Hesai Group with a new price target

    BofA Securities initiated coverage of Hesai Group with a rating of Buy and set a new price target of $14.80

    9/22/23 7:23:20 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group downgraded by Goldman with a new price target

    Goldman downgraded Hesai Group from Buy to Neutral and set a new price target of $12.40 from $25.00 previously

    8/18/23 7:29:24 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Goldman initiated coverage on Hesai Group with a new price target

    Goldman initiated coverage of Hesai Group with a rating of Buy and set a new price target of $31.00

    3/13/23 7:45:27 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group Press Releases

    Fastest customizable press release news feed in the world

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    H World Group Limited Announces Change of Board Composition

    SINGAPORE and SHANGHAI, Aug. 15, 2025 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that the board of directors of the Company (the "Board") appointed, effective from August 15, 2025, (i) Mr. Justin Martin Leverenz ("Mr. Leverenz") as a director of the Board; (ii) Ms. Yi Zhang (alias Bonnie Yi Zhang) ("Ms. Zhang") as an independent director of the Board and the chairwoman of the audit committee of the Company (the "Audit Committee"); and (iii) Ms. Lei Cao, an existing independent director of the Company, as a member of the compensation committee of the Company (the "Compensation Committee").

    8/15/25 6:15:27 AM ET
    $HSAI
    $HTHT
    $WB
    Industrial Machinery/Components
    Industrials
    Hotels/Resorts
    Consumer Discretionary

    Hesai Group Reports Second Quarter 2025 Unaudited Financial Results

    Quarterly net revenues were RMB706.4 million (US$98.6 million)1Quarterly lidar shipments were 352,095 unitsQuarterly net income was RMB44.1 million (US$6.2 million) SHANGHAI, China, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended June 30, 2025. Management Remarks "The second quarter marked a surge in our growth momentum with net revenues soaring over 50% year-over-year and net income exceeding RMB40 million, beating our GAAP breakeven target—powered by strong customer demand a

    8/14/25 5:00:00 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Secures New Lidar Design Win from Toyota

    PALO ALTO, Calif., Aug. 14, 2025 /PRNewswire/ -- Today, Hesai Technology (NASDAQ:HSAI), a global leader in lidar solutions, announced a new design win from Toyota, one of the world's largest automakers. The new energy model, to be manufactured by a joint venture of Toyota based in China, will feature Hesai's long-range automotive lidar ATX, and is scheduled to enter mass production in 2026. This Toyota joint venture is accelerating its transition to electrification and intelligence: new-energy models now drive its growth, while its industry-leading advanced driver-assistance systems sets a new pace. Powered by a robust local R&D ecosystem, it seamlessly integrates global engineering standar

    8/14/25 5:00:00 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai's JT Series 3D Lidar Revolutionizes the Future of Autonomous Farming

    PALO ALTO, Calif., July 30, 2025 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), a global leader in lidar solutions, announces today that it will supply its advanced JT series lidar sensors to support the deployment of next-generation autonomous farming robots for Agtonomy and Alpha Werke. These partnerships bring together leading innovators in agricultural autonomy and robotics perception, accelerating the transformation of traditional farming to become smarter, more efficient, and more sustainable. Lidar: The Eyes of AI "Farming Agents" As a foundational sector of the global economy, farming sustains not only food systems but entire supply chains and communities—yet it now faces unpreceden

    7/30/25 8:30:00 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Notices an Appeal

    SHANGHAI, China, July 14, 2025 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announces that it has filed a Notice of Appeal to the U.S. Court of Appeals on July 13, 2025, to challenge the decision of the U.S. District Court for the District of Columbia ("District Court"), which upheld the U.S. Department of Defense's (DoD) designation of the Company under Section 1260H of the National Defense Authorization Act for Fiscal Year 2021. "We are deeply disappointed by the District Court's ruling and respectfully disagree with its decision. We believe the DoD's designation lack

    7/14/25 6:47:47 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group Reports First Quarter 2025 Unaudited Financial Results

    Quarterly net revenues were RMB525.3 million (US$72.4 million)1Quarterly lidar shipments were 195,818 units SHANGHAI, China, May 26, 2025 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended March 31, 2025. Management Remarks "Hesai was ranked as the world's No.1 automotive lidar company by revenue market share for the fourth consecutive year in 2024, according to Yole Group—affirming our industry leadership. 2025 is off to a strong start, and we are ready to build on this momentum," said Yifan "David

    5/26/25 5:00:12 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group to Report First Quarter 2025 Financial Results on Monday, May 26, 2025

    SHANGHAI, China, May 09, 2025 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its first quarter 2025 unaudited financial results on Monday, May 26, 2025, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on May 26, 2025 (9:00 AM Beijing/Hong Kong Time on May 27, 2025). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start tim

    5/9/25 6:30:47 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai's AT Series Powers Cadillac's Innovative In-Cabin Lidar Integration in New VISTIQ SUV

    SHANGHAI, April 25, 2025 /PRNewswire/ -- Hesai Group (NASDAQ:HSAI), the global leader in lidar technology for automotive mobility and robotic applications, announced that its long-range, automotive-grade AT series lidar has been selected by SAIC-GM for integration into Cadillac's new all-electric VISTIQ SUV. The vehicle was unveiled during the Shanghai International Automobile Industry Exhibition (the "Shanghai Auto Show") and showcases the industry's first in-cabin (behind the windshield) lidar deployment, setting a new standard for seamlessly design-integrated sensor systems in passenger vehicles. The industry-first behind the windshield lidar solution, co-developed by Hesai and Cadillac,

    4/25/25 8:30:00 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Four AT128 Lidar Sensors from Hesai Selected as Primary Lidar for All Pony.ai Seventh-Generation Robotaxis

    SHANGHAI, April 24, 2025 /PRNewswire/ -- Hesai Group (NASDAQ:HSAI), the global leader in lidar technology for automotive mobility and robotic applications, today announced that its long-range, automotive-grade AT128 lidar has been selected as the primary lidar solution for all three mass production models of the new seventh-generation Robotaxi unveiled by Pony AI Inc. (NASDAQ:PONY), a global leader in the large-scale commercialization of autonomous mobility. Each vehicle will be equipped with four Hesai's AT128 lidar sensors, demonstrating Hesai's critical role in enabling advanced autonomous driving capabilities. The announcement was made at the Shanghai International Automobile Industry E

    4/24/25 8:30:00 AM ET
    $HSAI
    $PONY
    Industrial Machinery/Components
    Industrials
    EDP Services
    Technology

    Hesai Unveils "Infinity Eye" Lidar Solution for L2, L3 and L4 Autonomous Driving Systems

    SHANGHAI, April 21, 2025 /PRNewswire/ -- Hesai Group (NASDAQ:HSAI), a global leader in lidar technology, officially launched its groundbreaking lidar solution for L2 to L4 autonomous driving - Infinity Eye - along with three next-generation automotive-grade lidar products: the ETX ultra-long-range lidar, the AT1440 ultra-high-definition lidar, and the FTX fully solid-state blind spot lidar. The solution includes three configurations - Infinity Eye A, Infinity Eye B, and Infinity Eye C - each tailored to meet the specific requirements of L4+ high-level autonomous systems, L3 conditional autonomous driving, and L2 assisted driving, respectively. Infinity Eye A: Ultra-High Definition, Zero Blin

    4/21/25 8:30:00 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group SEC Filings

    View All

    SEC Form 6-K filed by Hesai Group

    6-K - Hesai Group (0001861737) (Filer)

    8/15/25 6:03:03 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    SEC Form SCHEDULE 13G filed by Hesai Group

    SCHEDULE 13G - Hesai Group (0001861737) (Subject)

    8/6/25 12:01:28 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    SEC Form 6-K filed by Hesai Group

    6-K - Hesai Group (0001861737) (Filer)

    7/15/25 6:20:32 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    SEC Form 6-K filed by Hesai Group

    6-K - Hesai Group (0001861737) (Filer)

    5/27/25 4:01:32 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Amendment: SEC Form SCHEDULE 13G/A filed by Hesai Group

    SCHEDULE 13G/A - Hesai Group (0001861737) (Subject)

    5/15/25 4:33:56 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    SEC Form 20-F filed by Hesai Group

    20-F - Hesai Group (0001861737) (Filer)

    4/1/25 4:30:47 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    SEC Form 6-K filed by Hesai Group

    6-K - Hesai Group (0001861737) (Filer)

    3/20/25 9:13:16 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    SEC Form 6-K filed by Hesai Group

    6-K - Hesai Group (0001861737) (Filer)

    3/11/25 7:39:32 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    SEC Form SCHEDULE 13G filed by Hesai Group

    SCHEDULE 13G - Hesai Group (0001861737) (Subject)

    2/14/25 5:48:07 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    SEC Form 6-K filed by Hesai Group

    6-K - Hesai Group (0001861737) (Filer)

    11/26/24 6:08:13 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group Leadership Updates

    Live Leadership Updates

    View All

    H World Group Limited Announces Change of Board Composition

    SINGAPORE and SHANGHAI, Aug. 15, 2025 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that the board of directors of the Company (the "Board") appointed, effective from August 15, 2025, (i) Mr. Justin Martin Leverenz ("Mr. Leverenz") as a director of the Board; (ii) Ms. Yi Zhang (alias Bonnie Yi Zhang) ("Ms. Zhang") as an independent director of the Board and the chairwoman of the audit committee of the Company (the "Audit Committee"); and (iii) Ms. Lei Cao, an existing independent director of the Company, as a member of the compensation committee of the Company (the "Compensation Committee").

    8/15/25 6:15:27 AM ET
    $HSAI
    $HTHT
    $WB
    Industrial Machinery/Components
    Industrials
    Hotels/Resorts
    Consumer Discretionary

    Hesai Group Financials

    Live finance-specific insights

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    Hesai Group Reports First Quarter 2025 Unaudited Financial Results

    Quarterly net revenues were RMB525.3 million (US$72.4 million)1Quarterly lidar shipments were 195,818 units SHANGHAI, China, May 26, 2025 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended March 31, 2025. Management Remarks "Hesai was ranked as the world's No.1 automotive lidar company by revenue market share for the fourth consecutive year in 2024, according to Yole Group—affirming our industry leadership. 2025 is off to a strong start, and we are ready to build on this momentum," said Yifan "David

    5/26/25 5:00:12 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group to Report First Quarter 2025 Financial Results on Monday, May 26, 2025

    SHANGHAI, China, May 09, 2025 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its first quarter 2025 unaudited financial results on Monday, May 26, 2025, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on May 26, 2025 (9:00 AM Beijing/Hong Kong Time on May 27, 2025). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start tim

    5/9/25 6:30:47 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results

    Quarterly net revenues were RMB719.8 million (US$98.6 million)1Quarterly lidar shipments were 222,054 unitsFull Year 2024 net revenues were RMB2,077.2 million (US$284.6 million)Full Year 2024 lidar shipments were 501,889 units SHANGHAI, China, March 10, 2025 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months and full year ended December 31, 2024. Management Remarks "In 2024, Hesai achieved a milestone year with record-breaking lidar shipments, more than doubling annually for four consecutive years, and achievin

    3/10/25 5:00:09 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group to Report Fourth Quarter and Full Year 2024 Financial Results on Monday, March 10, 2025

    SHANGHAI, China, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its fourth quarter and full year 2024 unaudited financial results on Monday, March 10, 2025, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on March 10, 2025 (9:00 AM Beijing/Hong Kong Time on March 11, 2025). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the sc

    2/18/25 6:00:06 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group Reports Third Quarter 2024 Unaudited Financial Results

    Quarterly net revenues were RMB539.4 million (US$76.9 million)1 Quarterly lidar shipments were 134,208 units SHANGHAI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended September 30, 2024. Operational Highlights  Three months ended September 30, 2024 Nine monthsended September 30, 2024ADAS lidar shipments129,913 263,148Autonomous Mobility lidar shipments4,295 16,687Total lidar shipments134,208 279,835     Q3 2024 ADAS lidar shipments were 129,913 units, representing an increase of 220.0% f

    11/25/24 5:00:22 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group to Report Third Quarter 2024 Financial Results on Monday, November 25, 2024

    SHANGHAI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its third quarter 2024 unaudited financial results on Monday, November 25, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on November 25, 2024 (9:00 AM Beijing/Hong Kong Time on November 26, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the schedul

    11/14/24 5:00:37 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group Reports Second Quarter 2024 Unaudited Financial Results

    Quarterly net revenues were RMB458.9 million (US$63.1 million)1Quarterly lidar shipments were 86,526 units SHANGHAI, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended June 30, 2024. Operational Highlights  Three monthsended June 30, 2024 Six monthsended June 30, 2024ADAS lidar shipments 80,773 133,235Autonomous Mobility lidar shipments 5,753 12,392Total lidar shipments86,526 145,627     Q2 2024 ADAS lidar shipments were 80,773 units, representing an increase of 76.8% from 45,694 units in th

    8/19/24 5:00:54 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group to Report Second Quarter 2024 Financial Results on Monday, August 19, 2024

    SHANGHAI, China, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its second quarter 2024 unaudited financial results on Monday, August 19, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on August 19, 2024 (9:00 AM Beijing/Hong Kong Time on August 20, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled cal

    8/6/24 6:00:02 AM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group Reports First Quarter 2024 Unaudited Financial Results

    Quarterly net revenues were RMB359.1 million (US$49.7 million)1Quarterly lidar shipments were 59,101 units SHANGHAI, China, May 20, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended March 31, 2024. Operational Highlights  Three monthsended March 31, 2024ADAS lidar shipments52,462Autonomous Mobility lidar shipments6,639Total lidar shipments59,101   Q1 2024 ADAS lidar shipments were 52,462 units, representing an increase of 86.1% from 28,195 units in the corresponding period of 2023.Q1 2024 Total lida

    5/20/24 5:00:44 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group to Report First Quarter 2024 Financial Results on Monday, May 20, 2024

    SHANGHAI, China, April 29, 2024 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai," "Hesai Technology" or the "Company") (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its first quarter 2024 unaudited financial results on Monday, May 20, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on May 20, 2024 (9:00 AM Beijing/Hong Kong Time on May 21, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start t

    4/29/24 5:00:40 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials

    Hesai Group Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    SEC Form SC 13G/A filed by Hesai Group (Amendment)

    SC 13G/A - Hesai Group (0001861737) (Subject)

    3/5/24 4:15:16 PM ET
    $HSAI
    Industrial Machinery/Components
    Industrials