Hesai Group (HSAI)

Hesai Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,491	2,077	1,877	1,203	720.77	415.51
Revenue Growth (YoY)	36.51%	10.66%	56.07%	66.86%	73.46%	19.37%
Cost of Revenue	1,433	1,193	1,216	730.68	338.97	176.6
Gross Profit	1,058	884.59	661.38	471.99	381.8	238.91
Selling, General & Admin	487.99	509.95	468.94	305.84	305.98	126.46
Research & Development	845.16	855.64	790.55	555.18	368.44	229.65
Other Operating Expenses	-293.62	-276.09	-14.28	-10.82	-27.33	-15.38
Operating Expenses	1,040	1,089	1,245	850.2	647.08	340.73
Operating Income	18.73	-204.91	-583.83	-378.22	-265.29	-101.81
Interest Expense	-18.76	-12.83	-3.07	-	-	-
Interest & Investment Income	89.5	104.4	99.81	58.73	32.58	20.93
Earnings From Equity Investments	-0.02	-0.01	-0.05	-0.05	-0.08	-0
Currency Exchange Gain (Loss)	17.5	14.58	-0.45	20.86	-13.28	-25.7
Other Non Operating Income (Expenses)	-3.26	-2.48	0.03	-2.16	0.12	-0.83
EBT Excluding Unusual Items	103.69	-101.25	-487.55	-300.83	-245.94	-107.42
Gain (Loss) on Sale of Assets	-	-	12.24	-	-	-
Pretax Income	103.69	-101.25	-475.31	-300.83	-245.94	-107.42
Income Tax Expense	0.54	1.13	0.66	-0.07	-1.12	-0.2
Net Income	103.15	-102.38	-475.97	-300.77	-244.83	-107.22
Preferred Dividends & Other Adjustments	-	-	-	446.42	2,211	-
Net Income to Common	103.15	-102.38	-475.97	-747.18	-2,456	-107.22
Shares Outstanding (Basic)	131	129	125	116	105	90
Shares Outstanding (Diluted)	135	129	125	116	105	90
Shares Change (YoY)	5.82%	3.53%	8.00%	10.05%	16.79%	12.51%
EPS (Basic)	0.79	-0.79	-3.81	-6.47	-23.39	-1.19
EPS (Diluted)	0.77	-0.79	-3.81	-6.47	-23.39	-1.19
Free Cash Flow	-67.08	-196.04	-349.49	-927.23	-448.48	-418.02
Free Cash Flow Per Share	-0.50	-1.52	-2.80	-8.03	-4.27	-4.65
Gross Margin	42.48%	42.59%	35.24%	39.25%	52.97%	57.50%
Operating Margin	0.75%	-9.87%	-31.11%	-31.45%	-36.81%	-24.50%
Profit Margin	4.14%	-4.93%	-25.36%	-62.13%	-340.77%	-25.80%
Free Cash Flow Margin	-2.69%	-9.44%	-18.62%	-77.10%	-62.22%	-100.60%
EBITDA	166.59	-73.1	-497.56	-324.58	-237.05	-82.6
EBITDA Margin	6.69%	-3.52%	-26.51%	-26.99%	-32.89%	-19.88%
D&A For EBITDA	147.87	131.81	86.27	53.63	28.23	19.22
EBIT	18.73	-204.91	-583.83	-378.22	-265.29	-101.81
EBIT Margin	0.75%	-9.87%	-31.11%	-31.45%	-36.81%	-24.50%

Updated Aug 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q