{"data":{"ticker":"HSAI","slug":"hesai-group","name":"Hesai Group","exchange":"NASDAQ","sector":"Consumer Cyclical","headquarters":"Shanghai, China","ceo":"Yifan Li","employees":1249,"website":"https://www.hesaitech.com","founded":"2014","layers":[{"slug":"autonomous-vehicles","name":"Autonomous Vehicles"},{"slug":"robotics","name":"Robotics & Automation"}],"exposure":{"score":90,"tier":"Pure Play","rationale":"Essentially all of Hesai's revenue comes from lidar sold into AI-driven autonomy and robotics programs, from driver assistance to robotaxi fleets. It is a pure play on the perception hardware autonomous systems require, with auto pricing pressure and China concentration the main thesis risks."},"quote":{"price":12.3,"change24hPct":0.99,"change7dPct":-10.15,"change30dPct":-20.03,"change1yPct":-47.64,"high52w":28.79,"low52w":12.14,"marketCap":15462793216,"peRatio":26.17,"eps":0.47,"volume24h":13686210},"nextEarningsDate":"2026-11-10","summary":"Hesai Group is the world's largest lidar maker by shipment volume. Lidar sensors fire laser pulses to build a 3D map of the world, the perception layer that autonomous driving AI depends on. Hesai makes money selling these sensors to automakers, robotaxi operators, and robotics companies.","explainer":["Hesai Group is the world's largest lidar maker by shipment volume. Lidar sensors fire laser pulses to build a 3D map of the world, the perception layer that autonomous driving AI depends on. Hesai makes money selling these sensors to automakers, robotaxi operators, and robotics companies.","Its lineup spans the AT128 and ATX long range sensors used in advanced driver assistance programs, the Pandar series used by robotaxi fleets, and the compact JT series aimed at robotics. Chinese automakers are standardizing on lidar for driver assistance, and Hesai supplies many of those programs while also shipping to US and global autonomy customers.","Founded in 2014 and headquartered in Shanghai, China, Hesai employs about 1,100 people and trades on the NASDAQ."],"buildoutRole":"Hesai sits at the center of the Autonomous Vehicles and Robotics layers of the AI buildout. Lidar is the sensor layer that feeds perception AI in cars, robotaxis, and robots, and Hesai ships more of it than anyone. As driver assistance moves upmarket toward full autonomy and as robots leave factories for open environments, sensor content per machine grows. Hesai's scale manufacturing gives it a cost position that smaller rivals struggle to match.","faq":[{"q":"What does Hesai Group do?","a":"Hesai Group designs and manufactures lidar sensors, the laser based devices that give machines 3D vision. It is the world's largest lidar maker by shipments, supplying automakers for driver assistance, robotaxi operators, and robotics companies."},{"q":"How is Hesai Group exposed to AI?","a":"Supercycle rates it Pure Play with an AI Exposure Score of 90 out of 100. Essentially all of its revenue comes from sensors sold into AI-driven autonomy and robotics programs, making it a direct play on the perception layer that autonomous systems require."},{"q":"What products does Hesai make?","a":"Its lineup includes the AT128 and ATX long range sensors for advanced driver assistance, the Pandar series used by robotaxi fleets, and the compact JT series designed for robots. Each feeds point cloud data to the AI systems that drive or navigate the machine."},{"q":"Is HSAI a pure play AI stock?","a":"Yes. Supercycle classifies Hesai as Pure Play. Its business exists because carmakers, robotaxi fleets, and robotics companies are deploying AI systems that need lidar to perceive the world. The main risks are auto industry pricing pressure and its China concentration."},{"q":"Who leads Hesai?","a":"Co-founder Yifan Li serves as chief executive officer, having started the company with Kai Sun and Shaoqing Xiang. Founded in 2014, Hesai is headquartered in Shanghai, China, employs about 1,100 people, and trades on the NASDAQ."}],"history1y":[{"date":"2026-09-22","close":17.1},{"date":"2026-09-23","close":16.31},{"date":"2026-09-24","close":16.37},{"date":"2026-09-25","close":16.25},{"date":"2026-09-28","close":15.59},{"date":"2026-09-29","close":15.52},{"date":"2026-09-30","close":15.95},{"date":"2026-10-01","close":15.93},{"date":"2026-10-02","close":15.38},{"date":"2026-10-05","close":15.91},{"date":"2026-10-06","close":16.27},{"date":"2026-10-07","close":16},{"date":"2026-10-08","close":15.61},{"date":"2026-10-09","close":16.01},{"date":"2026-10-12","close":15.12},{"date":"2026-10-13","close":14.46},{"date":"2026-10-14","close":13.94},{"date":"2026-10-15","close":13.36},{"date":"2026-10-16","close":12.42},{"date":"2026-10-19","close":12.92},{"date":"2026-10-20","close":13.99},{"date":"2026-10-21","close":13.19},{"date":"2026-10-22","close":12.14},{"date":"2026-10-23","close":13.13},{"date":"2026-10-26","close":13.69},{"date":"2026-10-27","close":13.35},{"date":"2026-10-28","close":13.83},{"date":"2026-10-29","close":12.97},{"date":"2026-10-30","close":12.18},{"date":"2026-11-02","close":12.3}],"incomeStatements":[{"ticker":"HSAI","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":3027573000,"cost_of_revenue":1762477000,"gross_profit":1265096000,"operating_expense":0,"operating_income":123541000,"net_income":435880000,"earnings_per_share":2.98,"earnings_per_share_diluted":2.98,"research_and_development":796940000,"selling_general_and_administrative_expenses":480818000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"HSAI","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":2077157000,"cost_of_revenue":1192572000,"gross_profit":884585000,"operating_expense":0,"operating_income":-408227000,"net_income":-102376000,"earnings_per_share":-0.79,"earnings_per_share_diluted":-0.79,"research_and_development":855641000,"selling_general_and_administrative_expenses":509945000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"HSAI","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":1876989000,"cost_of_revenue":1215611000,"gross_profit":661378000,"operating_expense":0,"operating_income":-577720000,"net_income":-475968000,"earnings_per_share":-3.81,"earnings_per_share_diluted":-3.81,"research_and_development":790547000,"selling_general_and_administrative_expenses":468942000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"HSAI","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":1202670000,"cost_of_revenue":730683000,"gross_profit":471987000,"operating_expense":0,"operating_income":-378217000,"net_income":-300765000,"earnings_per_share":-5.952,"earnings_per_share_diluted":-5.952,"research_and_development":555179000,"selling_general_and_administrative_expenses":305842000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"HSAI","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":11261278000,"current_assets":7069163000,"cash_and_equivalents":1663492000,"total_liabilities":2302524000,"current_liabilities":1895335000,"total_debt":999478000,"shareholders_equity":8958754000,"retained_earnings":-2973845000},{"ticker":"HSAI","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":5989611000,"current_assets":4682656000,"cash_and_equivalents":2838966000,"total_liabilities":2057880000,"current_liabilities":1628940000,"total_debt":739260000,"shareholders_equity":3931731000,"retained_earnings":-3409725000},{"ticker":"HSAI","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":5662543000,"current_assets":4397609000,"cash_and_equivalents":1554583000,"total_liabilities":1800225000,"current_liabilities":1335101000,"total_debt":559241000,"shareholders_equity":3862318000,"retained_earnings":-3307349000},{"ticker":"HSAI","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":3839396000,"current_assets":3135111000,"cash_and_equivalents":913277000,"total_liabilities":997663000,"current_liabilities":955538000,"total_debt":63586000,"shareholders_equity":-3145177000,"retained_earnings":-2831381000}],"holders13f":[],"news":[]},"meta":{"version":"v1","asOf":"2026-11-02","builtAt":"2026-11-03T05:33:49.924Z","tier":"free","source":"https://supercyclehq.com/stock/hesai-group","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/HSAI","html":"https://supercyclehq.com/stock/hesai-group","md":"https://supercyclehq.com/stock/hesai-group.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}