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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,243	2,077	1,877	1,203	720.77	415.51
Revenue Growth (YoY)	24.20%	10.66%	56.07%	66.86%	73.46%	19.37%
Cost of Revenue	1,279	1,193	1,216	730.68	338.97	176.6
Gross Profit	964.6	884.59	661.38	471.99	381.8	238.91
Selling, General & Admin	503.85	509.95	468.94	305.84	305.98	126.46
Research & Development	844.54	855.64	790.55	555.18	368.44	229.65
Other Operating Expenses	-283.89	-276.09	-14.28	-10.82	-27.33	-15.38
Operating Expenses	1,064	1,089	1,245	850.2	647.08	340.73
Operating Income	-99.9	-204.91	-583.83	-378.22	-265.29	-101.81
Interest Expense	-15.55	-12.83	-3.07	-	-	-
Interest & Investment Income	92.13	104.4	99.81	58.73	32.58	20.93
Earnings From Equity Investments	-0.01	-0.01	-0.05	-0.05	-0.08	-0
Currency Exchange Gain (Loss)	14.11	14.58	-0.45	20.86	-13.28	-25.7
Other Non Operating Income (Expenses)	-2.96	-2.48	0.03	-2.16	0.12	-0.83
EBT Excluding Unusual Items	-12.18	-101.25	-487.55	-300.83	-245.94	-107.42
Gain (Loss) on Sale of Assets	-	-	12.24	-	-	-
Pretax Income	-12.18	-101.25	-475.31	-300.83	-245.94	-107.42
Income Tax Expense	0.82	1.13	0.66	-0.07	-1.12	-0.2
Net Income	-13	-102.38	-475.97	-300.77	-244.83	-107.22
Preferred Dividends & Other Adjustments	-	-	-	446.42	2,211	-
Net Income to Common	-13	-102.38	-475.97	-747.18	-2,456	-107.22
Shares Outstanding (Basic)	130	129	125	116	105	90
Shares Outstanding (Diluted)	130	129	125	116	105	90
Shares Change (YoY)	3.08%	3.53%	8.00%	10.05%	16.79%	12.51%
EPS (Basic)	-0.10	-0.79	-3.81	-6.47	-23.39	-1.19
EPS (Diluted)	-0.10	-0.79	-3.81	-6.47	-23.39	-1.19
Free Cash Flow	-	-196.04	-349.49	-927.23	-448.48	-418.02
Free Cash Flow Per Share	-	-1.52	-2.80	-8.03	-4.27	-4.65
Gross Margin	43.00%	42.59%	35.24%	39.25%	52.97%	57.50%
Operating Margin	-4.45%	-9.87%	-31.11%	-31.45%	-36.81%	-24.50%
Profit Margin	-0.58%	-4.93%	-25.36%	-62.13%	-340.77%	-25.80%
Free Cash Flow Margin	-	-9.44%	-18.62%	-77.10%	-62.22%	-100.60%
EBITDA	43.29	-73.1	-497.56	-324.58	-237.05	-82.6
EBITDA Margin	1.93%	-3.52%	-26.51%	-26.99%	-32.89%	-19.88%
D&A For EBITDA	143.19	131.81	86.27	53.63	28.23	19.22
EBIT	-99.9	-204.91	-583.83	-378.22	-265.29	-101.81
EBIT Margin	-4.45%	-9.87%	-31.11%	-31.45%	-36.81%	-24.50%

Updated Apr 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q