6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | CN¥3.0B | CN¥436M | 41.8% | 5.6% | 4.9% | 3.9% | -CN¥192M | CN¥331M | CN¥1.7B |
| 2024 | CN¥2.1B | -CN¥102M | 42.6% | -9.9% | -2.6% | -1.7% | -CN¥196M | CN¥418M | CN¥2.8B |
| 2023 | CN¥1.9B | -CN¥476M | 35.2% | -30.5% | -12.3% | -8.4% | -CN¥349M | CN¥396M | CN¥1.6B |
| 2022 | CN¥1.2B | -CN¥301M | 39.2% | -31.4% | 9.6% | -7.8% | -CN¥927M | CN¥18M | CN¥913M |
| 2021 | CN¥721M | -CN¥245M | 53.0% | -36.8% | 9.8% | -6.2% | -CN¥448M | — | CN¥449M |
| 2020 | CN¥416M | -CN¥107M | 57.5% | -24.5% | -9.4% | — | -CN¥418M | — | — |
Over the past 5 years, Hesai Group's revenue has grown 48.8% per year. These are computed facts, not advice.
As of FY2025, Hesai Group reported CN¥331M of total debt against CN¥1.7B of cash; operating income covered interest expense 8.9×.
In FY2025, gross margin was 41.8%, operating margin 5.6%, and net margin 14.4%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.