Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
HSAI
SELLREMOVEHesai Group · Consumer Cyclical · China · $3.1B · Avg Vol: $34M/d
Despite being a leader in LiDAR technology, Hesai operates in a highly capital-intensive, price-sensitive hardware market with low customer switching costs. It faces severe geopolitical headwinds and potential tariff/sanction risks in Western markets, violating our core quality and margin-of-safety requirements.
COMPANY DESCRIPTION
Hesai Group is a global leader in lidar solutions, specializing in the design, development, and manufacturing of high-performance lidar sensors for autonomous driving, advanced driver-assistance systems (ADAS), and robotics. The company holds a dominant market position through its proprietary technological innovations in lidar hardware and software, providing superior perception capabilities crucial for self-driving applications. Hesai's competitive moat is built on its cutting-edge products and strong partnerships with leading automotive and robotics firms.
FINANCIAL SUMMARY
| Year | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|
| Revenue | 721M | 1.2B | 1.9B | 2.1B | 42.3% |
| EPS | -23.39 | -5.95 | -3.81 | -0.79 | — |
| Shares | 126M | 126M | 127M | 131M | +4.5% |
| Debt | 0 | 64M | 559M | 739M | 241.0% |
| Equity | -2.5B | -3.1B | 3.9B | 3.9B | 1.8% |
| Op CF | -228M | -696M | 57M | 64M | 10.9% |
| Inv CF | -2.0B | 1.1B | -1.1B | 956M | — |
| Fin CF | 2.4B | 15M | 1.6B | 251M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of HSAI are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| HSAI | Hesai Group(you) | $3.1B | 23 | SELL |
| 001696.SZ | Chongqing Zongshen Power Machinery Co.,Ltd | $2.5B | 24 | SELL |
| 3677.HK | Jiangsu Zenergy Battery Technologies Group Co., Ltd. | $2.4B | 22 | SELL |
| 601966.SS | Shandong Linglong Tyre Co.,Ltd. | $2.6B | 25 | SELL |
| 603009.SS | Shanghai Beite Technology group Co., Ltd. | $2.5B | 24 | SELL |
| 603786.SS | KEBODA TECHNOLOGY Co., Ltd. | $2.9B | 15 | STRONG SELL |
| 002703.SZ | Zhejiang Shibao Company Limited | $2.3B | 26 | SELL |
| 002085.SZ | Zhejiang Wanfeng Auto Wheel Co., Ltd. | $3.7B | 16 | STRONG SELL |
| 600151.SS | Shanghai Aerospace Automobile Electromechanical Co., Ltd. | $2.9B | 13 | STRONG SELL |
| 300100.SZ | Shuanglin Co., Ltd. | $2.6B | 15 | STRONG SELL |
Peer medians: ROE 7.0% · P/E 23.9x · Gross margin 21.9%