Hesai Group (HSAI)

Hesai Group Balance Sheet

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
Cash & Equivalents	2,734	2,839	1,555	913.28	449.35	256.69
Short-Term Investments	121.41	373.23	1,608	957.86	2,352	646.01
Cash & Short-Term Investments	2,856	3,212	3,163	1,871	2,801	902.69
Cash Growth	3.87%	1.57%	69.02%	-33.20%	210.30%	-12.44%
Accounts Receivable	1,100	797.28	544.51	497.64	232.36	94.66
Other Receivables	45.61	33.51	26.9	11.77	12.9	34.27
Receivables	1,146	830.78	571.41	509.41	245.26	128.92
Inventory	599.25	482.14	495.88	646.85	376.24	149.93
Prepaid Expenses	46.66	23.08	16.37	10.11	9.12	8.3
Restricted Cash	4.08	3.59	3.54	-	-	-
Other Current Assets	170.61	130.87	147.78	97.6	61.7	19.4
Total Current Assets	4,822	4,683	4,398	3,135	3,493	1,209
Property, Plant & Equipment	1,107	1,058	1,023	549.3	321.63	63.84
Long-Term Investments	131.78	31.8	31.81	31.86	1.9	1.99
Goodwill	-	-	-	3.82	3.5	3.64
Other Intangible Assets	129.29	116.43	119.47	62.21	62.02	14.26
Other Long-Term Assets	71.74	100.25	90.17	57.1	69.96	19.16
Total Assets	6,262	5,990	5,663	3,839	3,952	1,312
Accounts Payable	582.38	355.11	276.69	206.68	77.27	55.44
Accrued Expenses	223.31	373.37	280.02	214.38	250.83	64.86
Short-Term Debt	361.78	228.8	109.9	-	-	-
Current Portion of Long-Term Debt	116.45	116.45	1.78	-	-	-
Current Portion of Leases	21.93	16.1	34.99	34.98	-	-
Current Income Taxes Payable	-	-	-	-	-	0.01
Current Unearned Revenue	31.67	32.99	79.93	40.38	122.6	9.36
Other Current Liabilities	178.32	506.12	551.79	459.12	441.46	37.08
Total Current Liabilities	1,516	1,629	1,335	955.54	892.16	166.74
Long-Term Debt	273.44	269.44	285.9	18.47	-	-
Long-Term Leases	77.31	98.37	119.41	10.14	-	-
Long-Term Deferred Tax Liabilities	-	-	-	0.44	0.47	0.58
Other Long-Term Liabilities	40.27	61.13	59.81	6,000	5,550	7.61
Total Liabilities	1,907	2,058	1,800	6,985	6,443	174.93
Common Stock	0.09	0.09	0.09	0.04	0.04	-
Additional Paid-In Capital	7,651	7,577	7,424	-	-	1,194
Retained Earnings	-3,383	-3,410	-3,307	-2,831	-2,189	-56.05
Comprehensive Income & Other	87.22	-235.75	-254.28	-313.84	-301.76	-0.62
Total Common Equity	4,355	3,932	3,862	-3,145	-2,491	1,137
Shareholders' Equity	4,355	3,932	3,862	-3,145	-2,491	1,137
Total Liabilities & Equity	6,262	5,990	5,663	3,839	3,952	1,312
Total Debt	850.91	729.16	551.99	63.59	-	-
Net Cash (Debt)	2,005	2,483	2,611	1,808	2,801	902.69
Net Cash Growth	-6.19%	-4.89%	44.43%	-35.47%	210.30%	-12.44%
Net Cash Per Share	14.90	19.22	20.92	15.65	26.68	10.04
Filing Date Shares Outstanding	132.88	132.47	127.48	125.53	115.53	89.9
Total Common Shares Outstanding	132.88	131.16	127.03	115.53	60.98	89.9
Working Capital	3,306	3,054	3,063	2,180	2,601	1,042
Book Value Per Share	32.78	29.98	30.41	-27.22	-40.84	12.65
Tangible Book Value	4,226	3,815	3,743	-3,211	-2,556	1,119
Tangible Book Value Per Share	31.80	29.09	29.46	-27.79	-41.92	12.45
Land	41.9	39.31	39.31	-	-	-
Buildings	342.72	342.67	-	-	-	-
Machinery	786.15	689.58	384.7	260.54	94.08	46.09
Construction In Progress	94.56	65.4	534.4	264.75	218.46	5.06
Leasehold Improvements	89.82	81.43	67.68	64	48.9	32.49

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

SEC Filings: 10-K · 10-Q