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FY2025
12 months to Dec 31, 2025
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FY2024
12 months to Dec 31, 2024
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FY2023
12 months to Dec 31, 2023
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FY2022
12 months to Dec 31, 2022
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|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income Loss | ||||
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||
| Depreciation and amortization | ||||
| Share-based compensation | ||||
| Provision for (reversal of) allowance for credit loss | ||||
| Provision for allowance for credit loss | ||||
| Loss from disposal of property and equipment | ||||
| Gain from transfer of an intellectual property | ||||
| Fair value change of financial instruments | ||||
| Share of loss in equity method investee | ||||
| Foreign exchange (gain) loss, net | ||||
| Non-cash lease expenses | ||||
| Impairment of property and equipment | ||||
| Inventory write-down | ||||
| Gain from disposal of a subsidiary | ||||
| Gain from disposal of equity securities | ||||
| Loss from disposal of one long-term investment | ||||
| Changes in operating assets and liabilities: | ||||
| Notes receivable | ||||
| Accounts receivable | ||||
| Contract assets | ||||
| Inventories | ||||
| Prepayments and other current assets | ||||
| Amounts due from related parties | ||||
| Other non-current assets | ||||
| Amounts due to related parties | ||||
| Contract liabilities | ||||
| Deferred tax liabilities | ||||
| Accounts payable | ||||
| Notes payable | ||||
| Accrued expenses and other current liabilities | ||||
| Operating leases liabilities | ||||
| Other non-current liabilities | ||||
| Net cash provided by operating activities | ||||
| Cash flows from investing activities: | ||||
| Purchases of short-term investments | ||||
| Maturity of short-term investments | ||||
| Payment for investment in equity investee | ||||
| Purchases of long-term investments | ||||
| Purchases of property and equipment | ||||
| Purchases of intangible assets | ||||
| Proceeds from government subsidies after capital expenditure | ||||
| Advances to a related party | ||||
| Purchases of equity securities | ||||
| Proceeds from disposal of equity securities | ||||
| Proceeds from disposal of property and equipment | ||||
| Proceeds from disposal of an intellectual property licensing | ||||
| Cash inflow from disposal of subsidiary | ||||
| Cash outflow from acquisition of subsidiary, net of cash acquired of RMB 571 | ||||
| Net cash (used in) provided by investing activities | ||||
| Cash flows from financing activities: | ||||
| Cash distribution to shareholders of Shanghai Hesai in connection with the 2021 Reorganization | ||||
| Cash contribution from shareholders in connection with the 2021 Reorganization | ||||
| Proceeds from issuance of ordinary shares of Hesai Group | ||||
| Proceeds from long-term borrowings | ||||
| Repayment of long-term borrowings | ||||
| Proceeds from short-term borrowings | ||||
| Repayment of short-term borrowings | ||||
| Payment of offering costs | ||||
| Proceeds from issuance of ordinary shares upon the exercise of share options | ||||
| Government subsidies received in advance of capital expenditure | ||||
| Net cash provided by financing activities | ||||
| Net increase (decrease) in cash and cash equivalents | ||||
| Cash, cash equivalents and restricted cash, beginning of the year | ||||
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | ||||
| Cash, cash equivalents and restricted cash, end of the year | ||||
| Cash paid during the year for: | ||||
| Income taxes | ||||
| Capitalized interest paid | ||||
| Domestic (Chinese Mainland) | ||||
| Income taxes, Foreign | ||||
| Interest (net of capitalized amount of RMB 4,433, RMB 1,511 and RMB 651 for the years ended December 31, 2023, 2024 and 2025, respectively) | ||||
| Supplemental disclosure of non-cash investing and financing activities: | ||||
| Purchase of property and equipment included in payable | ||||
| Accrued offering cost | ||||
| Deemed dividend |
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