Hesai Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,806	1,877	1,203	720.77	415.51	348.08
Revenue Growth (YoY)	30.49%	56.07%	66.86%	73.46%	19.37%	-
Cost of Revenue	1,168	1,216	730.68	338.97	176.6	103.38
Gross Profit	637.97	661.38	471.99	381.8	238.91	244.71
Selling, General & Admin	494.77	468.94	305.84	305.98	126.46	93.85
Research & Development	776.45	790.55	555.18	368.44	229.65	149.82
Other Operating Expenses	-51.21	-26.52	-10.82	-27.33	-15.38	149.09
Operating Expenses	1,220	1,233	850.2	647.08	340.73	392.76
Operating Income	-582.04	-571.59	-378.22	-265.29	-101.81	-148.05
Interest Expense / Income	5.36	3.07	0	0	0	0
Other Expense / Income	-124.33	-99.35	-77.39	-19.34	5.6	-28.76
Pretax Income	-463.06	-475.31	-300.83	-245.94	-107.42	-119.29
Income Tax	0.92	0.66	-0.07	-1.12	-0.2	0.93
Net Income	-463.98	-475.97	-300.77	-244.83	-107.22	-120.22
Preferred Dividends	0	0	446.42	2,211	0	55.25
Net Income Common	-463.98	-475.97	-747.18	-2,456.16	-107.22	-175.47
Shares Outstanding (Basic)	127	125	116	105	90	80
Shares Outstanding (Diluted)	127	125	116	105	90	80
Shares Change	5.08%	8.00%	10.05%	16.79%	12.51%	-
EPS (Basic)	-3.67	-3.81	-6.47	-23.39	-1.19	-2.20
EPS (Diluted)	-3.67	-3.81	-6.47	-23.39	-1.19	-2.20
Free Cash Flow	-	-349.49	-927.23	-491.65	-418	13.75
Free Cash Flow Per Share	-	-2.80	-8.03	-4.68	-4.65	0.17
Gross Margin	35.32%	35.24%	39.24%	52.97%	57.50%	70.30%
Operating Margin	-32.22%	-30.45%	-31.45%	-36.81%	-24.50%	-42.53%
Profit Margin	-25.69%	-25.36%	-62.13%	-340.77%	-25.80%	-50.41%
Free Cash Flow Margin	-	-18.62%	-77.10%	-68.21%	-100.60%	3.95%
EBITDA	-	-351.62	-216.94	-217.71	-88.2	-109.57
EBITDA Margin	-	-18.73%	-18.04%	-30.21%	-21.23%	-31.48%
Depreciation & Amortization	-	120.62	83.89	28.23	19.22	9.72
EBIT	-457.71	-472.24	-300.83	-245.94	-107.42	-119.29
EBIT Margin	-25.34%	-25.16%	-25.01%	-34.12%	-25.85%	-34.27%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).