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Hesai Group Sponsored ADR
(NASDAQ:HSAI)
Hesai Group Sponsored ADR (HSAI) vs. SPDR S&P 500 ETF (SPY)
Hesai Group Sponsored ADR Business Overview & Revenue Model
Hesai Group Sponsored ADR Earnings Call Summary
Hesai Group Sponsored ADR Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.75B | 2.08B | 1.88B | 1.20B | 720.77M | 415.51M |
| Gross Profit | 1.14B | 884.59M | 661.38M | 471.99M | 381.80M | 238.91M |
| EBITDA | 556.81M | -118.64M | -385.93M | -247.15M | -217.63M | -82.60M |
| Net Income | 429.67M | -102.38M | -475.97M | -300.76M | -244.83M | -107.22M |
Balance Sheet | ||||||
| Total Assets | 10.91B | 5.99B | 5.66B | 3.84B | 3.95B | 1.31B |
| Cash, Cash Equivalents and Short-Term Investments | 7.36B | 3.20B | 3.16B | 1.86B | 2.79B | 902.69M |
| Total Debt | 835.35M | 739.26M | 559.24M | 63.59M | 0.00 | 0.00 |
| Total Liabilities | 2.07B | 2.06B | 1.80B | 997.66M | 902.55M | 174.93M |
| Stockholders Equity | 8.84B | 3.93B | 3.86B | -3.15B | -2.49B | 1.14B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -207.85M | -357.41M | -936.40M | -509.99M | -428.59M |
| Operating Cash Flow | 0.00 | 63.50M | 57.26M | -696.01M | -228.39M | -352.01M |
| Investing Cash Flow | 0.00 | 955.88M | -1.06B | 1.12B | -1.98B | 179.03M |
| Financing Cash Flow | 0.00 | 250.68M | 1.59B | 15.18M | 2.40B | 323.44M |
Hesai Group Sponsored ADR Technical Analysis
Hesai Group Sponsored ADR Risk Analysis
Hesai Group Sponsored ADR Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $465.17M | ― | -5.54% | ― | -3.20% | -257.73% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $4.40B | 42.90 | 6.61% | ― | 43.16% | ― | |
50 Neutral | $89.07M | -0.77 | -75.54% | ― | -19.11% | 73.51% | |
47 Neutral | $669.89M | ― | -192.35% | ― | 89.90% | 5.13% | |
47 Neutral | $244.95M | ― | -71.46% | ― | 46.09% | 46.01% | |
38 Underperform | $70.56M | ― | ― | ― | 0.97% | 61.79% |
Hesai Group Sponsored ADR Corporate Events
On November 12, 2025, Hesai Group announced the grant of 305,832 awards in the form of Restricted Stock Units (RSUs) to two directors and 109 employees under its 2021 Plan. This move aims to align the interests of the grantees with those of the company’s shareholders, incentivizing outstanding performance and long-term commitment to the company’s growth. The awards, which do not require a purchase price and have a vesting period of up to 48 months, are part of the company’s strategy to retain and motivate key personnel, thereby enhancing the company’s value and ensuring its competitive positioning in the market.
Hesai Group reported strong financial results for the third quarter of 2025, with net revenues reaching RMB795.4 million, a 47.5% increase from the previous year. The company achieved a record net income of RMB256.2 million, driven by robust lidar shipments and growing adoption in both ADAS and robotics sectors. Hesai maintained its leadership in the long-range automotive lidar market, capturing a 46% market share in August. The company’s successful Hong Kong IPO further bolstered its financial position, raising US$614 million. Hesai’s strategic moves, including securing design wins with top ADAS customers and expanding its lidar supply agreements with global autonomous driving companies, position it well for future growth.
On November 6, 2025, Hesai Group reported its monthly return of equity issuer on movements in securities for October 2025. The report highlighted that there were no changes in the number of issued shares or treasury shares for both Class A and Class B ordinary shares during the month. The company also noted that certain share options and restricted stock units (RSUs) under the 2021 Plan were exercised or lapsed, but these did not affect the total number of shares issued or in treasury. This stability in share movements suggests a steady operational phase for Hesai Group, potentially reassuring stakeholders about the company’s current market positioning.
Hesai Group announced the end of its stabilization period following the listing of its Class B Ordinary Shares on the Main Board of the Stock Exchange of Hong Kong Limited on September 16, 2025. During this period, the company saw an increase of 2,932,500 in its issued shares due to the full exercise of the Over-allotment Option. This move reflects the company’s strategic efforts to strengthen its capital base and enhance its market presence, which could potentially impact its operations and investor confidence positively.
On September 11, 2025, Hesai Group announced the pricing of its global offering of 19,550,000 Class B ordinary shares, with an offering price set at HK$212.8 per share. The shares are expected to begin trading on the Hong Kong Stock Exchange on September 16, 2025. The gross proceeds from the offering are anticipated to be HK$4,160.2 million, which will be used for R&D, manufacturing investment, business development, and general corporate purposes. This move is expected to bolster Hesai’s market position and support its expansion efforts.
On September 11, 2025, Hesai Group announced its plans to issue and sell Class B ordinary shares to international underwriters and cornerstone investors, with the shares to be listed on The Stock Exchange of Hong Kong Limited. This move is part of a Global Offering, which includes both an International Offering and a Hong Kong Public Offering. The company has entered into agreements with various financial institutions to act as sponsors, coordinators, and underwriters for this offering. This strategic initiative is expected to enhance Hesai Group’s market presence and provide additional capital to support its growth and expansion efforts.
On September 5, 2025, Hesai Group announced the launch of its global offering of 17,000,000 Class B ordinary shares, including a Hong Kong public offering and an international offering, with a dual-primary listing on the Hong Kong Stock Exchange. This move aims to enhance Hesai’s market presence and support its expansion plans, with proceeds intended for R&D, manufacturing investments, and business development. The offering includes cornerstone investments from major firms like Hillhouse Group and Taikang Life, indicating strong market confidence in Hesai’s growth potential.
On September 5, 2025, Hesai Group announced its plans for a dual primary listing of its Class B ordinary shares on the Main Board of the Hong Kong Stock Exchange, alongside a global offering. The company has registered its Hong Kong Prospectus, which includes updated financial disclosures and arrangements with cornerstone investors. This move is expected to enhance Hesai Group’s market presence and provide additional capital for growth, potentially impacting its industry positioning and offering new opportunities for stakeholders.
On September 2, 2025, Hesai Group announced its application for a dual primary listing on the Hong Kong Stock Exchange, alongside a global offering of its Class B ordinary shares. This strategic move aims to enhance its market positioning and financial flexibility. The announcement follows recent developments in China-U.S. trade relations, where escalating tariffs have impacted Hesai’s LiDAR sales to the U.S., although the company reports that these tariffs have not materially affected its operations or financial performance due to a shift in focus towards the Chinese market.
On August 26, 2025, Hesai Group announced that the China Securities Regulatory Commission has issued a notice of filing regarding the company’s proposed global offering and dual primary listing of its Class B ordinary shares on The Stock Exchange of Hong Kong Limited. This move is part of Hesai’s strategic efforts to expand its market presence and access additional capital, although the completion of the offering and listing is contingent upon stock exchange approval and market conditions.