Hesai Group (HKG:2525)

Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
The Development, Manufacturing, and Delivery of Lidar Products	3.03B	2.08B	1.88B	1.20B	-
The Development, Manufacturing, and Delivery of Lidar Products Growth	45.76%	10.66%	56.07%	-	-
Lidar	-	-	-	-	701.24M
Lidar Growth	-	-	-	-	102.13%
Gas Detection	-	-	-	-	19.53M
Gas Detection Growth	-	-	-	-	-71.53%
Total	3.03B	2.08B	1.88B	1.20B	720.77M
Total Growth	45.76%	10.66%	56.07%	66.86%	73.46%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Mainland China	2.35B	1.54B	991.91M	697.29M	269.63M
Mainland China Growth	52.63%	55.54%	42.25%	158.61%	45.34%
North America	451.69M	280.87M	748.15M	358.55M	352.98M
North America Growth	60.82%	-62.46%	108.66%	1.58%	75.44%
Europe	140.00M	161.10M	70.50M	86.15M	67.91M
Europe Growth	-13.09%	128.50%	-18.17%	26.86%	309.38%
Other Regions	81.16M	92.40M	66.43M	60.67M	30.24M
Other Regions Growth	-12.17%	39.09%	9.49%	100.63%	147.57%
Total	3.03B	2.08B	1.88B	1.20B	720.77M
Total Growth	45.76%	10.66%	56.07%	66.86%	73.46%

Source: S&P Global Market Intelligence.