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Profile & Fundamentals

Hesai Profile & Fundamentals

Name: Hesai financial chart data preview
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Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Company and Market Context

Company Profile & Ownership

Hesai Group, through with its subsidiaries, engages in the development, manufacturing, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally. The company provides gas sensor products, validation services, solution service, and other services, as well as designs and develops engineering products. Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous vehicle fleets providing passenger and freight mobility services; and other applications, such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas. Hesai Group was founded in 2014 and is headquartered in Shanghai, China.

Company profile record

Hesai Group Sponsored ADR

Common Stock · Consumer Discretionary · Automotive Parts & Equipment

Official website

Company

Company / asset: Hesai Group Sponsored ADR
Security type: Common Stock
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment
HQ: 🇨🇳 China
Head office: Building A, Shanghai, China, 200050

Leadership & scale

Chief executive: Dr. Yifan Li
CEO year born: 1987
Full-time employees: 1.2K
Fiscal year end: December
IPO date: 2023-02-09

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 2.7B
P/E: 37.9x
Revenue (Q2 26): CNY 860.8M
Profit (Q2 26): CNY 70.5M
Dividend Yield: --
Revenue (FY 25): CNY 3.0B
Shares in public float: 126.3M
Insider ownership: 4.35%

Reporting & identifiers

Symbol: HSAI.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: CNY
Balance Sheet Currency: CNY
Cash Flow Currency: CNY
EPS Currency: CNY
Contract Type: SPOT
ISIN: US4280501085
Asset ID: equity_0ecf41f4-6e14-54d0-a24f-d9a1c1a58c68

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

Schroder Investment Management Group7,110,618 shares · 4.53% · Reported 2026-06-30
FMR Inc3,682,169 shares · 2.34% · Reported 2026-03-31
Vanguard Capital Management, LLC2,930,807 shares · 1.87% · Reported 2026-03-31
Deutsche Bank AG2,003,502 shares · 1.27% · Reported 2026-03-31
Fidelity International Ltd1,920,158 shares · 1.22% · Reported 2026-03-31
UBS Group AG1,873,701 shares · 1.19% · Reported 2026-03-31
Fidelity China Special Situations Ord1,366,614 shares · 0.87% · Reported 2026-05-31

View more holders (8)

Broad Peak Investment Advisers Pte. Ltd.1,349,000 shares · 0.86% · Reported 2026-06-30
Federated Hermes Inc1,233,431 shares · 0.78% · Reported 2026-06-30
Federated Hermes Asia exJpn Eq R EUR Acc1,151,832 shares · 0.73% · Reported 2026-06-30
Schroders Global EM Core Equity1,140,846 shares · 0.73% · Reported 2026-06-30
Hartford Schroders Emerging Mkts Eq I1,140,846 shares · 0.73% · Reported 2026-07-31
Schroder ISF Em Mkts A Dis USD AV1,103,328 shares · 0.70% · Reported 2026-07-31
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,016,334 shares · 0.65% · Reported 2026-03-31
Wexford Capital LP1,010,716 shares · 0.64% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The reports show a major positive shift in the company's financial health, highlighted by a massive forty-five percent jump in revenue and a successful transition to positive net income. This represents a critical milestone, proving the company can generate real profits as its production volume scales. However, there is a clear disagreement about whether this profitability is sustainable. Cautious views point out that recent quarterly momentum is cooling and that true free cash flow remains slightly negative due to heavy reinvestment needs. They worry that intense price wars in the Chinese electric vehicle market and the loss of high-margin Western exports will soon drag earnings down. On the other hand, optimistic reports believe that the company's massive scale and cost advantages will allow it to keep compounding profits, making it a highly resilient cash generator in a tough economic environment.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

The published data is insufficient to draw this chart.

Profitability & Margins

AI Review

The reports highlight that the company has achieved impressive gross margins of around forty percent, which is exceptionally high for a hardware manufacturer. This strong profitability is driven by the company's custom silicon chips and massive production scale. However, there is a sharp clash regarding the future outlook for these margins. Bearish assessments warn that these margins are at their cyclical peak and will inevitably decline toward twenty percent as automakers demand steep price cuts to survive their own price wars. They argue that the current high valuation multiple is unsafe given this impending margin decay. In contrast, bullish reports argue that the company's transition to cheaper silicon architectures will successfully defend its margins. They believe that as high-margin robotics revenue grows, it will offset any price pressure from the automotive sector, keeping overall profitability highly resilient.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2019-12-31	50,012,068.97	946,839.08	-17,273,563.22	70.3	-42.53	-34.54	1.89
2020-12-31	63,631,546.71	-65,634,609.49	-16,418,989.28	57.5	-24.5	-25.8	-103.15
2021-12-31	113,328,301.89	-80,187,106.92	-38,494,811.32	52.97	-36.81	-33.97	-70.76
2022-12-31	174,300,000	-135,710,869.57	-43,589,130.43	39.24	-31.45	-25.01	-77.86
2023-12-31	264,364,647.89	-50,339,718.31	-67,037,746.48	35.24	-30.45	-25.36	-19.04
2024-12-31	284,542,054.79	-28,473,287.67	-14,024,109.59	42.59	-9.86	-4.93	-10.01
2025-12-31	433,129,184.55	-26,772,754.65	62,357,653.79	41.79	4.08	14.4	-6.18

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	59.16	Trailing four quarters

Shares outstanding — chart values
Reporting date	Shares outstanding
2020-01-01	93,889,500
2021-01-01	115,650,500
2022-01-01	125,534,600
2023-01-01	126,492,400
2024-01-01	135,612,000
2025-01-01	162,773,700
2026-01-01	162,799,300

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Balance Sheet
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Dividends & Actions
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