Hesai Group - Understand $hsai stock

$HSAI Market Cap: $1.215 Billion

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Financial Snapshot

Revenue

$1.877B

TTM

Gross Margin

34.86%

TTM

Net Earnings

-$476.0M

TTM

Current Assets

$4.398B

Q4 2023

Current Liabilities

$1.335B

Q4 2023

Current Ratio

329.38%

Q4 2023

Total Assets

$5.663B

Q4 2023

Total Liabilities

$1.800B

Q4 2023

Book Value

$3.862B

Q4 2023

Cash

$1.555B

Q4 2023

P/E

-2.552

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019
Revenue	$1.877B	$1.203B	$720.8M	$415.5M	$348.1M
YoY Change	56.07%	66.86%	73.46%	19.37%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$1.877B	$1.203B	$720.8M	$415.5M	$348.1M
Cost Of Revenue	$1.216B	$730.7M	$339.0M	$176.6M	$103.4M
Gross Profit	$661.4M	$472.0M	$381.8M	$238.9M	$244.7M
Gross Profit Margin	35.24%	39.24%	52.97%	57.5%	70.3%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019
Selling, General & Admin	$468.9M	$305.8M	$306.0M	$126.5M	$93.85M
YoY Change	53.33%	-0.04%	141.96%	34.74%
% of Gross Profit	70.9%	64.8%	80.14%	52.93%	38.35%
Research & Development	$790.5M	$555.2M	$368.4M	$229.7M	$149.8M
YoY Change	42.39%	50.69%	60.43%	53.29%
% of Gross Profit	119.53%	117.63%	96.5%	96.12%	61.22%
Depreciation & Amortization	$12.15M	$7.776M	$28.23M	$19.22M	$9.724M
YoY Change	56.26%	-72.46%	46.92%	97.6%
% of Gross Profit	1.84%	1.65%	7.39%	8.04%	3.97%
Operating Expenses	$1.233B	$850.2M	$647.1M	$340.7M	$232.7M
YoY Change	45.02%	31.39%	89.91%	46.45%
Operating Profit	-$571.6M	-$378.2M	-$265.3M	-$101.8M	$12.05M
YoY Change	51.13%	42.57%	160.56%	-945.12%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019
Interest Expense	$96.29M	$79.59M	$19.31M	-$4.771M	$28.73M
YoY Change	20.98%	312.2%	-504.72%	-116.61%
% of Operating Profit					238.45%
Other Income/Expense, Net	$34.00K	-$2.206M	$34.00K	-$832.0K	$31.00K
YoY Change	-101.54%	-6588.24%	-104.09%	-2783.87%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019
Pretax Income	-$475.3M	-$300.8M	-$245.9M	-$107.4M	-$119.3M
YoY Change	57.98%	22.32%	128.96%	-9.96%
Income Tax	$658.0K	-$66.00K	-$1.115M	-$199.0K	$930.0K
% Of Pretax Income
Net Earnings	-$476.0M	-$747.2M	-$2.456B	-$107.2M	-$175.5M
YoY Change	-36.3%	-69.58%	2190.85%	-38.9%
Net Earnings / Revenue	-25.36%	-62.13%	-340.77%	-25.8%	-50.41%
Basic Earnings Per Share	-$3.81	-$6.47	-$23.39	-$1.19
Diluted Earnings Per Share	-$3.81	-$5.95	-$19.57	-$0.85	-$1.40

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$3.141B	$1.859B	$2.792B	$895.7M	$1.024B
YoY Change	68.93%	-33.41%	211.73%	-12.51%
Cash & Equivalents	$1.555B	$913.3M	$449.4M	$256.7M	$112.7M
Short-Term Investments	$1.586B	$945.9M	$2.343B	$639.0M	$911.0M
Other Short-Term Assets	$211.6M	$128.9M	$79.76M	$34.72M	$23.17M
YoY Change	64.14%	61.64%	129.71%	49.83%
Inventory	$495.9M	$646.9M	$376.2M	$149.9M	$70.24M
Prepaid Expenses
Receivables	$544.5M	$497.6M	$232.4M	$94.66M	$36.51M
Other Receivables	$5.015M	$5.021M	$12.90M	$34.27M	$16.62M
Total Short-Term Assets	$4.398B	$3.138B	$3.493B	$1.209B	$1.170B
YoY Change	40.16%	-10.18%	188.89%	3.33%
Property, Plant & Equipment	$1.023B	$549.3M	$321.6M	$63.84M	$47.41M
YoY Change	86.32%	70.79%	403.83%	34.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$31.81M	$31.86M	$1.902M	$1.986M	$1.990M
YoY Change	-0.14%	1574.87%	-4.23%	-0.2%
Other Assets	$130.9M	$57.10M	$69.96M	$19.16M	$9.750M
YoY Change	129.27%	-18.38%	265.07%	96.54%
Total Long-Term Assets	$1.265B	$704.3M	$459.0M	$102.9M	$72.10M
YoY Change	79.61%	53.44%	346.13%	42.7%
Total Assets	$5.663B	$3.842B	$3.952B	$1.312B	$1.242B
YoY Change
Accounts Payable	$269.4M	$209.2M	$77.27M	$55.44M	$18.61M
YoY Change	28.83%	170.67%	39.39%	197.92%
Accrued Expenses	$528.5M	$374.2M	$379.2M	$95.65M	$236.5M
YoY Change	41.24%	-1.32%	296.46%	-59.57%
Deferred Revenue
YoY Change
Short-Term Debt	$7.255M	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$109.9M
YoY Change
Total Short-Term Liabilities	$1.335B	$962.1M	$892.2M	$166.7M	$271.2M
YoY Change	38.76%	7.84%	435.06%	-38.51%
Long-Term Debt	$285.9M	$18.47M	$0.00	$0.00	$0.00
YoY Change	1447.74%
Other Long-Term Liabilities	$179.2M	$19.08M	$9.924M	$7.614M	$41.29M
YoY Change	839.39%	92.25%	30.34%	-81.56%
Total Long-Term Liabilities	$465.1M	$37.55M	$9.924M	$7.614M	$41.29M
YoY Change	1138.65%	278.39%	30.34%	-81.56%
Total Liabilities	$1.800B	$1.000B	$902.5M	$174.9M	$313.2M
YoY Change	80.0%	10.81%	415.94%	-44.14%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	124.8M	115.5M	105.0M	89.90M
Diluted Shares Outstanding	124.8M	115.5M	105.0M	89.90M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.2149 Billion

About Hesai Group

Hesai Group engages in the development, manufacture and sale of 3-dimensional light detection and ranging solutions. The company is headquartered in Shanghai, Shanghai and currently employs 1,122 full-time employees. The company went IPO on 2023-02-09. The firm operates its business through two segments: LiDAR segment and Gas Detection segment. The firm's products include AT series, FT series, Pandar series, and methane telemeters. The firm's products are widely used in passenger cars and commercial vehicles supporting advanced driver assistance systems (ADAS), as well as autonomous vehicles. The firm conducts business in domestic and overseas markets.

Industry: General Industrial Machinery & Equipment, NEC Peers: ECARX Holdings Inc.