Hesai Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Revenue	2,077	1,877	1,203	720.77	415.51	Upgrade
Revenue Growth (YoY)	10.66%	56.07%	66.86%	73.46%	19.37%	Upgrade
Cost of Revenue	1,193	1,216	730.68	338.97	176.6	Upgrade
Gross Profit	884.59	661.38	471.99	381.8	238.91	Upgrade
Selling, General & Admin	509.95	468.94	169.54	305.98	126.46	Upgrade
Research & Development	855.64	790.55	555.18	368.44	229.65	Upgrade
Other Operating Expenses	-276.09	-26.52	-10.82	-27.33	-15.38	Upgrade
Operating Expenses	1,089	1,233	713.9	647.08	340.73	Upgrade
Operating Income	-204.91	-571.59	-241.92	-265.29	-101.81	Upgrade
Interest Expense	-12.83	-3.07	-	-	-	Upgrade
Interest & Investment Income	104.4	99.81	58.73	32.58	20.93	Upgrade
Earnings From Equity Investments	-0.01	-0.05	-0.05	-0.08	-0	Upgrade
Currency Exchange Gain (Loss)	14.58	-0.45	20.86	-13.28	-25.7	Upgrade
Other Non Operating Income (Expenses)	-2.48	0.03	-2.16	0.12	-0.83	Upgrade
EBT Excluding Unusual Items	-101.25	-475.31	-164.53	-245.94	-107.42	Upgrade
Other Unusual Items	-	-	-136.3	-	-	Upgrade
Pretax Income	-101.25	-475.31	-300.83	-245.94	-107.42	Upgrade
Income Tax Expense	1.13	0.66	-0.07	-1.12	-0.2	Upgrade
Net Income	-102.38	-475.97	-300.77	-244.83	-107.22	Upgrade
Preferred Dividends & Other Adjustments	-	-	446.42	2,211	-	Upgrade
Net Income to Common	-102.38	-475.97	-747.18	-2,456	-107.22	Upgrade
Shares Outstanding (Basic)	129	125	116	105	90	Upgrade
Shares Outstanding (Diluted)	129	125	116	105	90	Upgrade
Shares Change (YoY)	3.53%	8.00%	10.05%	16.79%	12.51%	Upgrade
EPS (Basic)	-0.79	-3.81	-6.47	-23.39	-1.19	Upgrade
EPS (Diluted)	-0.79	-3.81	-6.47	-23.39	-1.19	Upgrade
Free Cash Flow	-	-349.49	-927.23	-448.48	-418.02	Upgrade
Free Cash Flow Per Share	-	-2.80	-8.03	-4.27	-4.65	Upgrade
Gross Margin	42.59%	35.24%	39.25%	52.97%	57.50%	Upgrade
Operating Margin	-9.87%	-30.45%	-20.11%	-36.81%	-24.50%	Upgrade
Profit Margin	-4.93%	-25.36%	-62.13%	-340.77%	-25.80%	Upgrade
Free Cash Flow Margin	-	-18.62%	-77.10%	-62.22%	-100.60%	Upgrade
EBITDA	-118.64	-485.32	-188.28	-237.05	-82.6	Upgrade
EBITDA Margin	-5.71%	-25.86%	-15.65%	-32.89%	-19.88%	Upgrade
D&A For EBITDA	86.27	86.27	53.63	28.23	19.22	Upgrade
EBIT	-204.91	-571.59	-241.92	-265.29	-101.81	Upgrade
EBIT Margin	-9.87%	-30.45%	-20.11%	-36.81%	-24.50%	Upgrade

Updated Mar 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q