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Hesai Group Class B (2525) Stock Price & Analysis
2525 Stock Chart & Stats
- Day’s Range
- HKD 12.10 - HKD 12.61
- 52-Week Range
- HKD 11.55 - HKD 28.85
- Previous Close
- HKD 12.77
- Volume
- 4.45M
- Average Volume (3M)
- 10.35M
- Market Cap
- HKD 15.35B
- Enterprise Value
- HKD 14.36B
- Total Cash (Recent Filing)
- HKD 6.66B
- Total Debt (Recent Filing)
- HKD 798.07M
- Price to Earnings (P/E)
- 23.8
- Beta
- 1.87
- Next Earnings
- Nov 10, 2026 (Est.)
- EPS Estimate
- 0.1
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Revenue Growth And Profitability
Sustained year-over-year growth alongside improving profitability indicates expanding customer adoption and operating scale. Nine consecutive quarters of revenue growth provides evidence that momentum is linked to broader business development, supporting reinvestment and stronger earnings potential over the next several quarters.
Market Position And Customer Wins
A leading position in China's long-range ADAS lidar market, reinforced by design wins with major automakers, strengthens Hesai's competitive standing. Customer programs and multi-lidar adoption can support recurring production ramps, broader installed scale, and durable share in a growing sensing market.
Conservative Balance Sheet
Low and declining leverage gives Hesai financial flexibility to fund product development, capacity expansion, and commercialization without excessive reliance on borrowing. The larger equity base also provides downside protection while the company develops newer growth initiatives and works to establish more consistent returns.
Bears Say
Weak Cash Conversion
Negative free cash flow means reported earnings are not yet translating into internally generated funding, increasing reliance on balance-sheet resources to support growth. If investment and working-capital needs remain elevated, this could constrain flexibility and reduce the quality and durability of near-term profits.
Pricing And Competitive Pressure
More intense supplier competition can pressure average selling prices, customer negotiations, and product mix even if shipment volumes continue rising. Sustaining the current gross-margin profile will therefore depend on product differentiation, execution, and maintaining sufficient scale as lidar adoption expands.
SGI Investment Losses
SGI is adding an immediate earnings burden before its newer businesses reach meaningful scale, making consolidated profitability more sensitive to execution. Continued investment may suppress margins and cash generation over the next several quarters, while the eventual returns depend on successful commercialization and volume growth.
Hesai Group Class B News
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Hesai Group Class B Stock Smart Score
Company Description
Hesai Group Class B
Hesai Group, including its affiliated entities, specializes in the creation, manufacturing, and global distribution of three-dimensional Light Detection and Ranging (LiDAR) technologies. Its market reach extends across Mainland China, Europe, North America, and other international regions. Beyond its core LiDAR offerings, the company also delivers gas detection products, provides validation services and comprehensive solution support, and undertakes the design and development of various engineering items. Hesai's LiDAR systems are deployed across a diverse range of applications: they enhance advanced driver-assistance systems (ADAS) in both passenger and commercial vehicles; enable autonomous fleets for passenger and freight transportation; and power robotic solutions such as last-mile delivery units, street-cleaning machines, and logistics robots operating in confined spaces. Established in 2014, Hesai Group has its primary corporate base in Shanghai, China.
- Sector
- General
- Industry
- Auto - Parts
- CEO
- Yifan Li
- Employees
- 1,118
- Website
- www.hesaitech.com
- Address
- Building L2-B, Shanghai, SH, 200050, CN
Hesai Group Class B (2525) Earnings & Revenues
2525 Earnings Call
Earnings Call SentimentPositive
The call emphasized strong, broad-based growth: revenue +22% YoY, healthy ~40% gross margin, significant shipment scaling (lidar shipments +~80% YoY; robotics lidar nearly tripled YoY), multiple design wins, SOP readiness for Picasso, and SGI moving from R&D to early commercialization with raised guidance. Near-term headwinds include SGI operating losses as the company invests, connected‑party concentration with Sharpa, competitive pricing pressure, higher R&D spend and regulatory uncertainty. On balance, operational scale, profitability, design wins, and upgraded SGI outlook outweigh the risks, but execution and regulatory pressures merit monitoring.
View all HK:2525 earnings summaries2525 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 4 | 14 |
| Technical Analysis | 4 | 4 | 2 |
| Moving Averages | 0 | 0 | 12 |










