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Hesai Group American Depositary Share, each ADS represents one Class B ordinary share (HSAI)




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Upturn Advisory Summary
08/28/2025: HSAI (4-star) is a STRONG-BUY. BUY since 10 days. Profits (4.85%). Updated daily EoD!
1 Year Target Price $28.67
1 Year Target Price $28.67
10 | Strong Buy |
3 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 91.56% | Avg. Invested days 30 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.55B USD | Price to earnings Ratio 243.91 | 1Y Target Price 28.67 |
Price to earnings Ratio 243.91 | 1Y Target Price 28.67 | ||
Volume (30-day avg) 14 | Beta 1.13 | 52 Weeks Range 3.56 - 27.94 | Updated Date 08/29/2025 |
52 Weeks Range 3.56 - 27.94 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.11 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-15 | When - | Estimate - | Actual 0.0438 |
Profitability
Profit Margin 4.14% | Operating Margin (TTM) 3.24% |
Management Effectiveness
Return on Assets (TTM) 0.2% | Return on Equity (TTM) 2.54% |
Valuation
Trailing PE 243.91 | Forward PE 71.43 | Enterprise Value 3289159704 | Price to Sales(TTM) 1.43 |
Enterprise Value 3289159704 | Price to Sales(TTM) 1.43 | ||
Enterprise Value to Revenue 9.45 | Enterprise Value to EBITDA 192.14 | Shares Outstanding 105469000 | Shares Floating 95461117 |
Shares Outstanding 105469000 | Shares Floating 95461117 | ||
Percent Insiders 7.74 | Percent Institutions 61.28 |
Upturn AI SWOT
Hesai Group American Depositary Share, each ADS represents one Class B ordinary share

Company Overview
History and Background
Hesai Group was founded in 2014 in Shanghai, China. It is focused on developing and manufacturing LiDAR sensors. Initially focused on gas leak detection using LiDAR, it pivoted to autonomous driving and robotics applications. Hesai went public in the U.S. in February 2023.
Core Business Areas
- LiDAR Sensors: Development and manufacturing of high-performance LiDAR sensors for autonomous driving, robotics, and industrial applications.
- Software Solutions: Provides software and algorithms to process LiDAR data for object detection, mapping, and other perception tasks.
Leadership and Structure
The leadership team consists of co-founders David Hui CEO, and Bob Xiao CFO and other executives with experience in engineering, manufacturing, and sales. The organizational structure is based on functional departments such as R&D, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- AT128: Long-range LiDAR sensor for autonomous driving applications. Competitors include Velodyne, Luminar, Innoviz and Robosense. Hesai claims high market share in this segment.
- QT64: Mid-range LiDAR sensor for robotics and industrial applications. Competitors include Ouster, Robosense and Sick. Smaller market share than AT128.
Market Dynamics
Industry Overview
The LiDAR market is growing rapidly due to the increasing adoption of autonomous driving, robotics, and other applications. The market is competitive, with several established players and new entrants.
Positioning
Hesai Group is positioned as a leading provider of high-performance LiDAR sensors. It has a strong focus on innovation and product development and has gained traction with key players in the autonomous driving industry.
Total Addressable Market (TAM)
The global LiDAR market is projected to reach several billion USD in the coming years. Hesai's position to capture a significant portion is dependent on technological competitiveness and market acceptance. Estimates place TAM in 2030 at 6-8 billion USD
Upturn SWOT Analysis
Strengths
- Strong R&D capabilities
- High-performance products
- Established customer base
- Manufacturing capacity
Weaknesses
- High operating costs
- Customer Concentration
- Dependence on Chinese manufacturing
- Limited brand recognition outside China
Opportunities
- Expanding into new markets (e.g., industrial automation)
- Developing new LiDAR technologies
- Partnering with other companies
- Increasing demand for autonomous driving solutions
Threats
- Intense competition
- Rapid technological changes
- Economic downturns
- Regulatory hurdles
- US restrictions on Chinese tech
Competitors and Market Share
Key Competitors
- VLDR
- LAZR
- OUST
- INVZ
Competitive Landscape
Hesai is competitive in terms of product performance and pricing. However, it faces challenges in terms of brand recognition and market access, especially in the US due to geopolitical concerns.
Growth Trajectory and Initiatives
Historical Growth: Hesai experienced significant revenue growth prior to its public listing.
Future Projections: Analysts project continued revenue growth, but profitability remains a key concern. Analyst estimates fluctuate widely.
Recent Initiatives: Recent initiatives include expanding manufacturing capacity, developing new LiDAR products, and increasing sales and marketing efforts.
Summary
Hesai Group is a leading LiDAR sensor provider with strong R&D capabilities. Its financial performance is hindered by net losses and operating costs. It faces competition from established players in the market and concerns about US sanctions. Future success depends on its ability to achieve profitability and expand into new markets and also navigate the US restrictions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. The analysis is based on publicly available information and may not be entirely accurate or complete. Market share percentages are approximate and may vary. Forward looking statements are speculative.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hesai Group American Depositary Share, each ADS represents one Class B ordinary share
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2023-02-09 | Co-Founder, CEO & Director Dr. Yifan Li | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 1142 | Website https://www.hesaitech.com |
Full time employees 1142 | Website https://www.hesaitech.com |
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally. The company offers gas detection products, validation services, solution service, and other services, as well as designs and develops engineering products. Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous vehicle fleets providing passenger and freight mobility services; and other applications, such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas. Hesai Group was founded in 2014 and is headquartered in Shanghai, China.

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