Security
Hesai Group American Depositary Share · HSAI
HSAINASDAQotherCurrentCIK 1861737Updated Oct 21, 2026
HSAI price & chart
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NASDAQ:HSAI on TradingView ↗About the company
Hesai Technology (Nasdaq: HSAI; HKEX: 2525) is a global tech company and a leader in 3D perception. Leveraging full-stack proprietary ASIC capabilities and an integrated R&D-testing-manufacturing approach, Hesai has established industry-leading positions across core physical AI domains, including ADAS-equipped passenger vehicles, autonomous mobility, spatial intelligence, embodied AI, as well as industrial, agricultural, and service robots. Hesai has established offices in Shanghai, Palo Alto, and Stuttgart, and operates in-house factories in China and Thailand, with customers spanning more than 40 countries. As the AI-driven Fourth Industrial Revolution accelerates, Hesai is committed to becoming a key enabler of physical AI - digitizing the real world and redefining how humans and robots perceive and act.
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,610,341,000Source | 820,573,000Source | 797,553,000Source | 556,660,000Source |
| Property, Plant and Equipment, NetCNY | 1,021,843,000Source | 878,817,000Source | 122,764,000Source | 73,211,000Source |
| GoodwillCNY | — | — | 0Source | 554,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 13,657,000Source | 10,488,000Source | 11,089,000Source | 2,987,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 237,876,000Source | 388,937,000Source | 218,958,000Source | 132,413,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 180,495,000Source | 104,808,000Source | 73,919,000Source | 70,325,000Source |
| Inventory, NetUSD | 95,874,000Source | 66,052,000Source | 69,843,000Source | 93,785,000Source |
| Assets, CurrentUSD | 1,010,877,000Source | 641,521,000Source | 619,390,000Source | 454,549,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 40,387,000Source | 26,502,000Source | 29,308,000Source | 18,333,000Source |
| Operating Lease, Right-of-Use AssetUSD | 15,632,000Source | 15,654,000Source | 21,391,000Source | 6,430,000Source |
| Other Assets, NoncurrentUSD | 9,627,000Source | 13,734,000Source | 12,700,000Source | 8,278,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 329,257,000Source | 281,927,000Source | 253,557,000Source | 144,648,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 1,705,390,000Source | 1,038,060,000Source | 1,045,629,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | -425,254,000Source | -467,130,000Source | -465,830,000Source | -410,512,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 933,000Source | 7,806,000Source | 5,414,000Source | -523,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,281,084,000Source | 538,646,000Source | 543,996,000Source | -456,008,000Source |
| Liabilities and EquityUSD | 1,610,341,000Source | 820,573,000Source | 797,553,000Source | 556,660,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 271,029,000Source | 223,162,000Source | 188,046,000Source | 138,540,000Source |
| Operating Lease, Liability, CurrentCNY | 36,764,000Source | 16,103,000Source | 34,993,000Source | 34,975,000Source |
| Accounts Payable, CurrentUSD | 84,735,000Source | 47,266,000Source | 37,950,000Source | 29,966,000Source |
| Operating Lease, Liability, NoncurrentUSD | 12,234,000Source | 13,477,000Source | 16,819,000Source | 1,470,000Source |
| Deferred Income Tax Liabilities, NetCNY | — | — | 0Source | 64,000Source |
| Other Liabilities, NoncurrentUSD | 6,137,000Source | 8,375,000Source | 8,424,000Source | 1,896,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentCNY | 162,930,000Source | 111,877,000Source | 65,159,000Source | 41,558,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | 962,438,000Source | 295,881,000Source | 131,832,000Source | 51,351,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 39,857,000Source | 36,913,000Source | 40,268,000Source | 2,678,000Source |
| Long-term Debt, Current MaturitiesCNY | 116,457,000Source | 116,453,000Source | 1,782,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 39,857,000Source | 36,913,000Source | 40,268,000Source | — |
| Short-term InvestmentsUSD | 442,130,000Source | 49,621,000Source | 223,384,000Source | 137,138,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 17,702,000Source | 18,058,000Source | 12,151,000Source | 7,776,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 16,395,000Source | 15,901,000Source | 33,046,000Source | 15,255,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 75,043,000Source | 33,337,000Source | 12,782,000Source | 56,670,000Source |
| Increase (Decrease) in InventoriesUSD | 33,108,000Source | -3,657,000Source | -20,560,000Source | 44,301,000Source |
| Increase (Decrease) in Accounts PayableUSD | 35,544,000Source | 10,277,000Source | 8,666,000Source | 18,683,000Source |
| Deferred Income Tax Expense (Benefit)CNY | 0Source | 0Source | 645,000Source | -68,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 16,732,000Source | 8,699,000Source | 8,065,000Source | -100,914,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredCNY | 0Source | 0Source | 7,670,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -794,180,000Source | 130,955,000Source | -149,354,000Source | 162,332,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 44,239,000Source | 35,557,000Source | 57,289,000Source | 33,523,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 621,451,000Source | 34,343,000Source | 223,998,000Source | 2,200,000Source |
| Repayments of Long-term DebtCNY | 0Source | 2,761,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 238,450,000Source | 389,429,000Source | 219,457,000Source | 132,413,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 2,718,000Source | 1,103,000Source | 432,000Source | — |
| Income Taxes Paid, NetUSD | 502,000Source | 58,000Source | — | -178,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseCNY | 114,652,000Source | 116,064,000Source | 234,624,000Source | — |
| Amortization of Intangible AssetsCNY | 19,676,000Source | 13,993,000Source | 7,704,000Source | 7,914,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | 962,438,000Source | 295,881,000Source | 131,832,000Source | 51,351,000Source |
| DepreciationCNY | 103,250,000Source | 116,953,000Source | 77,701,000Source | 44,856,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 247,000Source | 0Source | 0Source | 0Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 25,105,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 308,000Source | 1,997,000Source | -64,000Source | 3,024,000Source |
| Gain (Loss) on Disposition of Intangible AssetsCNY | 36,967,000Source | 0Source | — | — |
| Gain (Loss) on Disposition of BusinessCNY | 0Source | 0Source | 863,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -941,000Source | -258,000Source | — | -53,000Source |
| General and Administrative ExpenseUSD | 41,302,000Source | 43,417,000Source | 45,091,000Source | 29,143,000Source |
| GoodwillCNY | — | — | 0Source | 554,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -11,000Source | -2,000Source | -6,000Source | -7,000Source |
| Income Tax Expense (Benefit)USD | 4,409,000Source | 155,000Source | 93,000Source | -10,000Source |
| InterestExpenseNonoperatingUSD | 2,706,000Source | 1,757,000Source | — | — |
| Inventory Write-downUSD | 5,698,000Source | 304,000Source | 1,308,000Source | 5,717,000Source |
| Net Income (Loss) Attributable to ParentUSD | 62,330,000Source | -14,025,000Source | -67,039,000Source | -43,606,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 62,330,000Source | -14,025,000Source | -67,039,000Source | -108,331,000Source |
| Operating ExpensesUSD | 156,775,000Source | 149,259,000Source | 173,660,000Source | 123,268,000Source |
| Operating Lease, ExpenseCNY | 27,322,000Source | 39,517,000Source | 37,878,000Source | 34,596,000Source |
| Other Nonoperating Income (Expense)USD | 26,393,000Source | -339,000Source | 5,000Source | -313,000Source |
| Other Operating Income (Expense), NetUSD | 25,942,000Source | 37,825,000Source | 3,735,000Source | 1,568,000Source |
| Proceeds from Contributed CapitalUSD | 41,859,000Source | 0Source | 2,466,000Source | — |
| Proceeds from Issuance of Common StockUSD | 607,734,000Source | 0Source | 172,604,000Source | — |
| Proceeds from Issuance of Long-term DebtUSD | 18,266,000Source | 16,477,000Source | 37,312,000Source | 2,678,000Source |
| Proceeds from Stock Options ExercisedUSD | 3,910,000Source | 4,677,000Source | 405,000Source | — |
| Financing Receivable, Credit Loss, Expense (Reversal)CNY | 0Source | 0Source | 6,057,000Source | -262,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 432,937,000Source | 284,569,000Source | 264,368,000Source | 174,371,000Source |
| Cost of Goods and Services Sold | —Source | —Source | —Source | —Source |
| Operating Income (Loss)USD | 24,131,000Source | -28,072,000Source | -80,507,000Source | -54,836,000Source |
| Other Nonoperating Income (Expense)USD | 26,393,000Source | -339,000Source | 5,000Source | -313,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestCNY | 466,715,000Source | -101,246,000Source | -475,311,000Source | -300,831,000Source |
| Income Tax Expense (Benefit)USD | 4,409,000Source | 155,000Source | 93,000Source | -10,000Source |
| Net Income (Loss) Attributable to ParentUSD | 62,330,000Source | -14,025,000Source | -67,039,000Source | -43,606,000Source |
| Earnings Per Share, BasicUSD per share | 0.45Source | -0.11Source | -0.54Source | -0.94Source |
| Earnings Per Share, DilutedUSD per share | 0.43Source | -0.11Source | -0.54Source | -0.94Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 139,145,475Source | 129,188,125Source | 124,783,013Source | 115,534,593Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 146,437,135Source | 129,188,125Source | 124,783,013Source | 115,534,593Source |
| Interest Expense (non-operating)USD | 2,706,000Source | 1,757,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCNY | 19,676,000Source | 13,993,000Source | 7,704,000Source | 7,914,000Source |
| Current Income Tax Expense (Benefit)CNY | 30,835,000Source | 1,130,000Source | 13,000Source | 2,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 308,000Source | 1,997,000Source | -64,000Source | 3,024,000Source |
| General and Administrative ExpenseUSD | 41,302,000Source | 43,417,000Source | 45,091,000Source | 29,143,000Source |
| Gross ProfitUSD | 180,906,000Source | 121,187,000Source | 93,153,000Source | 68,432,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticCNY | 237,462,000Source | -25,325,000Source | -480,479,000Source | -251,302,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -11,000Source | -2,000Source | -6,000Source | -7,000Source |
| Interest ExpenseUSD | — | — | 432,000Source | — |
| Interest Income, OperatingUSD | 18,624,000Source | 14,303,000Source | 14,058,000Source | 8,516,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 62,330,000Source | -14,025,000Source | -67,039,000Source | -108,331,000Source |
| Operating ExpensesUSD | 156,775,000Source | 149,259,000Source | 173,660,000Source | 123,268,000Source |
| Operating Lease, ExpenseCNY | 27,322,000Source | 39,517,000Source | 37,878,000Source | 34,596,000Source |
| Other Operating Income (Expense), NetUSD | 25,942,000Source | 37,825,000Source | 3,735,000Source | 1,568,000Source |
| Research and Development ExpenseUSD | 113,961,000Source | 117,222,000Source | 111,346,000Source | 80,493,000Source |
| Selling and Marketing ExpenseUSD | 27,454,000Source | 26,445,000Source | 20,958,000Source | 15,200,000Source |
Filing attachments
tm2627914d1_ex99-1.htm · 6-K · 2026-10-20
Exhibit 99.1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Hesai Group 禾 賽 科 技 * (A company controlled through weighted voting rights and incorporated in the Cayman Islands …
Read attachment ↗tm2624948d1_ex99-1.htm · 6-K · 2026-09-08
Exhibit 99.1 FF301 Page 1 of 10 v 1.2.1 Monthly Return for Equity Issuer and Hong Kong Depositary Receipts listed under Chapter 19B of the Exchange Listing Rules on Movements in Securities For the month ended: 31 August 2026 Status: New Submission To : Hong Kong Exchanges and Clearing Limited Name of Issuer: Hesai Group (a company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) Date Submitted: 04 September 2026 I. Movem…
Read attachment ↗tm2624285d1_ex99-1.htm · 6-K · 2026-08-28
Exhibit 99.1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Hesai Group 禾 賽 科 技 * (A company controlled through weighted voting rights and incorporated in the Cayman Islands …
Read attachment ↗tm2623467d1_ex99-1.htm · 6-K · 2026-08-18
Exhibit 99.1 Hesai Group Reports Second Quarter 2026 Unaudited Financial Results Quarterly net revenues were RMB860.8 million (US$126.9 million)1 Quarterly lidar shipments were 628,275 units Quarterly net income was RMB70.6 million (US$10.4 million) SHANGHAI, China, Aug. 18, 2026 (GLOBE NEWSWIRE) － Hesai Group (“ Hesai ” or the “ Company ”) (NASDAQ: HSAI; HKEX: 2525), a global tech company and a leader in 3D perception, today announced its unaudited financial results for the three months en…
Read attachment ↗tm2623467d1_ex99-2.htm · 6-K · 2026-08-18
Exhibit 99.2 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Hesai Group 禾 賽 科 技 * (A company controlled through weighted voting rights and incorporated in the Cayman Islands …
Read attachment ↗tm2621807d1_ex99-1.htm · 6-K · 2026-07-31
Exhibit 99.1 Hesai Group to Hold 2026 Second Extraordinary General Meeting on August 28, 2026 SHANGHAI, July 31, 2026 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI; HKEX: 2525), a global tech company and a leader in 3D perception, today announced that it will hold the 2026 second extraordinary general meeting of the Company’s shareholders (the “EGM”) at 1:30 p.m. Beijing time on Friday, August 28, 2026 at No. 28, Ciyun Road, Yangcheng Lake Peninsula, Weiting Town, Su…
Read attachment ↗