Hesai Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Cash & Equivalents	2,564	2,839	1,555	913.28	449.35	256.69
Short-Term Investments	4,801	362.2	1,586	945.87	2,343	638.98
Cash & Short-Term Investments	7,365	3,201	3,141	1,859	2,792	895.67
Cash Growth	191.42%	1.93%	68.93%	-33.41%	211.73%	-12.51%
Accounts Receivable	1,233	792.41	529.83	490.07	89.36	84.65
Other Receivables	-	9.91	19.69	12.6	146.54	38.34
Total Trade Receivables	1,233	802.32	549.52	502.67	235.9	122.99
Inventory	642.76	482.14	495.88	646.85	376.24	149.93
Other Current Assets	284.91	197.04	211.62	126.45	89.12	40.66
Total Current Assets	9,525	4,683	4,398	3,135	3,493	1,209
Net Property, Plant & Equipment	1,146	1,058	1,023	549.3	321.63	63.84
Other Intangible Assets	132.46	116.43	119.47	62.21	62.02	14.26
Goodwill	-	-	-	1.82	3.5	3.5
Long-Term Investments	30	31.8	31.81	31.86	1.9	1.99
Other Long-Term Assets	79.35	100.25	90.17	59.1	69.96	19.16
Total Assets	10,913	5,990	5,663	3,839	3,952	1,312
Accounts Payable	607.35	690.36	616.75	540.96	384.77	55.44
Accrued Expenses	560.48	560.33	526.75	374.2	384.79	101.95
Short-Term Debt	448.23	345.25	111.68	-	-	-
Unearned Revenue	39.09	32.99	79.93	40.38	122.6	9.36
Total Current Liabilities	1,655	1,629	1,335	955.54	892.16	166.74
Long-Term Debt	315.39	269.44	285.9	18.47	-	-
Long-Term Leases	71.73	98.37	119.41	10.14	-	-
Other Long-Term Liabilities	30.05	61.13	59.81	13.51	10.39	8.19
Total Long-Term Liabilities	417.17	428.94	465.12	42.13	10.39	8.19
Total Liabilities	2,072	2,058	1,800	997.66	902.55	174.93
Common Stock	0.11	0.09	0.09	0.04	0	-
Treasury Stock	-	-292.72	-292.72	-310.23	-	-
Additional Paid-in Capital	11,897	7,577	7,424	-	-310.23	1,194
Accumulated Other Comprehensive Income	70.43	56.98	38.44	-3.61	8.47	-0.62
Retained Earnings	-3,127	-3,410	-3,307	-2,831	-2,189	-56.05
Total Common Shareholders' Equity	8,840	3,932	3,862	-3,145	-2,491	1,137
Minority Interest	-	-	-	5,987	5,540	-
Shareholders' Equity	8,840	3,932	3,862	2,842	3,050	1,137
Total Liabilities & Equity	10,913	5,990	5,663	3,839	3,952	1,312
Total Debt	835.35	713.06	516.99	28.61	0	0
Net Cash (Debt)	6,529	2,488	2,624	1,831	2,792	895.67
Net Cash Growth	162.43%	-5.16%	43.32%	-34.44%	211.73%	-12.51%
Net Cash Per Share	-	19.26	21.02	19.68	30.07	-
Book Value	8,840	3,932	3,862	-3,145	-2,491	1,137
Book Value Per Share	-	30.43	30.95	-33.82	-26.82	-
Tangible Book Value	8,708	3,815	3,743	-3,209	-2,556	1,119
Tangible Book Value Per Share	-	29.53	29.99	-34.51	-27.53	-

Updated Nov 11, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q