Hesai Group (HSAI)

Hesai Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2022
Revenue	2,747	2,077	1,203
Revenue Growth (YoY)	102.36%	72.71%	-
Cost of Revenue	1,611	1,193	730.68
Gross Profit	1,136	884.59	471.99
Selling, General & Admin	482.26	509.95	305.84
Research & Development	823.77	855.64	555.18
Other Operating Expenses	343.71	276.09	10.82
Total Operating Expenses	1,650	1,642	871.84
Operating Income	118.07	-204.91	-378.22
Interest Income	43.02	-	58.73
Interest Expense	-18.44	-12.83	-
Other Non-Operating Income (Expense)	211.98	14.58	-0.05
Total Non-Operating Income (Expense)	228.6	1.75	58.69
Pretax Income	457.87	-203.16	-300.78
Provision for Income Taxes	26.98	-	-0.07
Net Income	429.78	-102.38	-747.18
Net Income Attributable to Preferred Dividends	-	-	-446.42
Net Income to Common	429.78	-102.38	-747.18
Shares Outstanding (Basic)	156	129	93
Shares Outstanding (Diluted)	156	129	93
Shares Change (YoY)	21.14%	38.91%	-
EPS (Basic)	2.75	-0.79	-6.46
EPS (Diluted)	2.75	-0.79	-6.46
Gross Margin	18.21%	42.59%	39.24%
Operating Margin	5.09%	-9.86%	-31.45%
Profit Margin	15.00%	-4.93%	-25.01%
EBITDA	139.87	-204.91	-378.22
EBIT	118.07	-204.91	-378.22
EBIT Margin	5.09%	-9.86%	-31.45%
Effective Tax Rate	5.89%	0.00%	0.02%

Updated Nov 11, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q