Hesai Group is a holding company with no material operations of its own. We conduct our operations primarily through our mainland China subsidiaries. As a result, Hesai Group’s ability to pay dividends depends upon dividends paid by our mainland China subsidiaries. If our existing mainland China subsidiaries, or any newly formed ones, incur debt on their own behalf in the future, the instruments governing their debt may restrict their ability to pay dividends to us. In addition, our wholly foreign-owned subsidiaries in mainland China are permitted to pay dividends to us only out of their retained earnings, if any, as determined in accordance with mainland China accounting standards and regulations. Under mainland China law, each of our subsidiaries in mainland China is required to set aside at least 10% of its after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of their registered capital. In addition, our wholly foreign-owned subsidiaries in mainland China may allocate a portion of their after-tax profits, based on mainland China accounting standards, to enterprise expansion funds and staff bonus and welfare funds at their discretion. The statutory reserve funds and the discretionary funds are not distributable as cash dividends. Remittance of dividends by a wholly foreign-owned company out of mainland China is subject to examination by the banks designated by SAFE. Our mainland China subsidiaries have not paid dividends and will not be able to pay dividends until they generate accumulated profits and meet the requirements for statutory reserve funds.
Company profile
Ticker
HSAI
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
HSAI stock data
Latest filings (excl ownership)
6-K
Hesai Group Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results
12 Mar 24
6-K
Hesai Group Announces Certain Preliminary Fourth Quarter and Full Year 2023 Revenues and Lidar Shipments Figures
12 Jan 24
6-K
Hesai Group Reports Third Quarter 2023 Unaudited Financial Results
14 Nov 23
6-K
Hesai Group Reports Second Quarter 2023 Unaudited Financial Results
15 Aug 23
S-8
Registration of securities for employees
20 Jun 23
6-K
Hesai Group Reports First Quarter 2023 Unaudited Financial Results
24 May 23
20-F
2022 FY
Annual report (foreign)
20 Apr 23
6-K
Hesai Group Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results
16 Mar 23
424B4
Prospectus supplement with pricing info
9 Feb 23
EFFECT
Notice of effectiveness
9 Feb 23
Latest ownership filings
SC 13G/A
HILLHOUSE INVESTMENT MANAGEMENT, LTD.
5 Mar 24
SC 13G
Lightspeed Opportunity Fund, L.P.
14 Feb 24
SC 13G
HILLHOUSE INVESTMENT MANAGEMENT, LTD.
14 Feb 24
SC 13G
Yuanzhan Equity Investment Management (Shanghai) Co., Ltd.
14 Feb 24
SC 13G
Robert Bosch GmbH
14 Feb 24
SC 13G
Lightspeed China Partners III, L.P.
14 Feb 24
SC 13G
Xiaomi Corp
9 Feb 24
SC 13G
Xiang Shaoqing
7 Feb 24
SC 13G
Sun Kai
7 Feb 24
SC 13G
Li Yifan
7 Feb 24
Financial summary
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Annual (USD) | Dec 22 | |
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Revenue | ||
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Institutional ownership, Q3 2023
19.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 34 |
Opened positions | 12 |
Closed positions | 12 |
Increased positions | 4 |
Reduced positions | 8 |
13F shares | Current |
---|---|
Total value | 181.69 bn |
Total shares | 19.47 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Lightspeed Opportunity Fund | 10.69 mm | $106.88 bn |
FIL | 2.85 mm | $28.53 bn |
Mirae Asset Global Investments | 1.07 mm | $10.67 bn |
T. Rowe Price | 986.11 k | $9.86 mm |
Harbourvest Partners | 606.06 k | $6.06 bn |
Prudential | 590.68 k | $5.91 bn |
Schroder Investment Management | 584.52 k | $5.85 bn |
Knollwood Investment Advisory | 227.19 k | $2.27 bn |
AnglePoint Asset Management | 222.41 k | $2.22 bn |
Manufacturers Life Insurance Company, The | 211.44 k | $2.11 bn |
News
Leapmotor Equips Its Latest EV With Hesai Lidar
18 Mar 24
Hesai Group Expects Q1 Net Revenues To Be $45.1M-$49.3M, Representing Y/Y Decrease Of 18.6%-25.6%; Projects Return To Revenue Growth In Q2 And Remainder Of 2024
11 Mar 24
Hesai Gr: Q4 Earnings Insights
11 Mar 24
Hesai Gr Q4 EPS $(0.11), Inline, Sales $79.00M Miss $81.23M Estimate
11 Mar 24
12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session
11 Mar 24
Press releases
Hesai Group Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results
11 Mar 24
Li Auto Selects Hesai as LiDAR Supplier for its Flagship MPV Li MEGA
6 Mar 24
Hesai Group to Report Fourth Quarter and Full Year 2023 Financial Results on Monday, March 11, 2024
27 Feb 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Hesai Group - HSAI
24 Feb 24
Hesai Group (HSAI) Tanks After US Claims it is Linked to Beijing's Military - Hagens Berman
22 Feb 24