Hesai Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,663	2,839	1,555	913.28	449.35
Short-Term Investments	3,092	362.2	1,586	945.87	2,343
Cash & Short-Term Investments	4,755	3,201	3,141	1,859	2,792
Cash Growth	48.55%	1.93%	68.93%	-33.41%	211.73%
Accounts Receivable	1,357	797.28	544.51	497.64	232.36
Other Receivables	-	5.04	5.02	5.02	3.54
Total Trade Receivables	1,357	802.32	549.52	502.67	235.9
Inventory	670.45	482.14	495.88	646.85	376.24
Other Current Assets	286.45	197.04	211.62	126.45	89.12
Total Current Assets	7,069	4,683	4,398	3,135	3,493
Net Property, Plant & Equipment	1,209	1,058	1,023	549.3	321.63
Other Intangible Assets	134.52	116.43	119.47	62.21	62.02
Goodwill	-	-	-	3.82	3.5
Long-Term Investments	2,782	31.8	31.81	31.86	1.9
Other Long-Term Assets	67.32	100.25	90.17	57.1	69.96
Total Assets	11,261	5,990	5,663	3,839	3,952
Accounts Payable	592.56	680.26	609.49	540.96	384.77
Accrued Expenses	656.17	560.33	526.75	374.2	384.79
Short-Term Debt	598.43	355.35	118.94	-	-
Unearned Revenue	21.02	32.99	79.93	40.38	122.6
Other Current Liabilities	27.16	-	-	-	-
Total Current Liabilities	1,895	1,629	1,335	955.54	892.16
Long-Term Debt	278.73	269.44	285.9	18.47	-
Long-Term Leases	85.56	98.37	119.41	10.14	-
Other Long-Term Liabilities	42.91	61.13	59.81	13.51	10.39
Total Long-Term Liabilities	407.19	428.94	465.12	42.13	10.39
Total Liabilities	2,303	2,058	1,800	997.66	902.55
Common Stock	0.11	0.09	0.09	0.04	0.04
Additional Paid-in Capital	11,926	7,284	7,131	-310.23	-310.23
Accumulated Other Comprehensive Income	6.53	56.98	38.44	-3.61	8.47
Retained Earnings	-2,974	-3,410	-3,307	-2,831	-2,189
Shareholders' Equity	8,959	3,932	3,862	-3,145	-2,491
Total Liabilities & Equity	11,261	5,990	5,663	3,839	3,952
Total Debt	962.71	723.16	524.25	28.61	0
Net Cash (Debt)	3,793	2,478	2,616	1,831	2,792
Net Cash Growth	53.05%	-5.29%	42.93%	-34.44%	211.73%
Net Cash Per Share	25.90	19.18	20.97	15.84	26.59
Book Value	8,959	3,932	3,862	-3,145	-2,491
Book Value Per Share	61.18	30.43	30.95	-27.22	-23.72
Tangible Book Value	8,824	3,815	3,743	-3,211	-2,556
Tangible Book Value Per Share	60.26	29.53	29.99	-27.79	-24.35

Updated Mar 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q