Hesai Group (HKG:2525)
Hong Kong · Delayed Price · Currency is HKD 16.67
-0.09 (-0.54%)
Aug 3, 2026, 4:08 PM HKT
Hesai Group Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 435.88 | -102.38 | -475.97 | -300.77 | -244.83 |
Depreciation & Amortization | 123.79 | 131.81 | 86.27 | 53.63 | 28.23 |
Loss (Gain) From Sale of Assets | -30.38 | 1.89 | -6.13 | 0.37 | 0.17 |
Asset Writedown & Restructuring Costs | 21.85 | - | - | - | - |
Loss (Gain) From Sale of Investments | -173.84 | - | - | 4.88 | -7.72 |
Loss (Gain) on Equity Investments | 0.07 | 0.01 | 0.05 | 0.05 | 0.08 |
Stock-Based Compensation | 114.65 | 116.06 | 234.62 | 105.22 | 54.28 |
Provision & Write-off of Bad Debts | 34.89 | 15.62 | 43 | -1.81 | 2.56 |
Other Operating Activities | 65.91 | 36.81 | 28.54 | 63.82 | 27.55 |
Change in Accounts Receivable | -524.78 | -243.34 | -97.84 | -256.62 | -140.43 |
Change in Inventory | -231.53 | 26.7 | 145.98 | -305.55 | -237.76 |
Change in Accounts Payable | 248.57 | 75.01 | 61.53 | 128.86 | 21.83 |
Change in Unearned Revenue | -11.97 | -46.94 | 39.55 | -91.74 | 113.27 |
Change in Income Taxes | - | - | - | - | -0.01 |
Change in Other Net Operating Assets | 43.88 | 52.25 | -2.3 | -96.34 | 154.5 |
Operating Cash Flow | 116.99 | 63.5 | 57.26 | -696.02 | -228.39 |
Operating Cash Flow Growth | 84.22% | 10.90% | - | - | - |
Investing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -309.37 | -259.54 | -406.75 | -231.21 | -220.1 |
Sale of Property, Plant & Equipment | 4.22 | - | - | - | 0.02 |
Cash Acquisitions | - | - | -54.45 | - | - |
Divestitures | - | - | 14.41 | - | - |
Sale (Purchase) of Intangibles | 4.14 | -11.82 | -7.93 | -9.18 | -61.51 |
Investment in Securities | -5,253 | 1,227 | -621.57 | 1,362 | -1,699 |
Other Investing Activities | - | - | 15.89 | -1.96 | - |
Investing Cash Flow | -5,554 | 955.88 | -1,060 | 1,120 | -1,980 |
Financing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | 331.78 | 234.1 | 111.68 | - | 1,950 |
Long-Term Debt Issued | 127.73 | 120.28 | 264.91 | 18.47 | - |
Total Debt Issued | 459.51 | 354.38 | 376.59 | 18.47 | 1,950 |
Short-Term Debt Repaid | -347.24 | -117.68 | - | - | - |
Long-Term Debt Repaid | - | -20.16 | - | - | - |
Total Debt Repaid | -347.24 | -137.84 | - | - | - |
Net Debt Issued (Repaid) | 112.27 | 216.54 | 376.59 | 18.47 | 1,950 |
Issuance of Common Stock | 4,277 | 34.14 | 1,228 | - | 453.98 |
Other Financing Activities | -43.69 | - | -14.58 | -3.3 | -0.59 |
Financing Cash Flow | 4,346 | 250.68 | 1,590 | 15.18 | 2,404 |
Net Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -84.15 | 14.38 | 57.62 | 25.12 | -2.44 |
Net Cash Flow | -1,175 | 1,284 | 644.85 | 463.93 | 192.66 |
Free Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -192.38 | -196.04 | -349.49 | -927.23 | -448.48 |
Free Cash Flow Growth | - | - | - | - | - |
Free Cash Flow Margin | -6.35% | -9.44% | -18.62% | -77.10% | -62.22% |
Free Cash Flow Per Share | -1.31 | -1.52 | -2.80 | -8.03 | -4.27 |
Levered Free Cash Flow | -782.93 | -442.97 | -192 | -861.17 | -0.82 |
Unlevered Free Cash Flow | -771.1 | -434.95 | -190.08 | -861.17 | -0.82 |
Additional Metrics
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 19.01 | 8.05 | 3.07 | - | - |
Cash Income Tax Paid | 3.51 | 0.43 | - | -1.23 | 0.21 |
Change in Working Capital | -475.83 | -136.32 | 146.88 | -621.41 | -88.72 |