Hesai Group Sponsored ADR (HSAI) revenue breakdown
By segment, LiDAR segment is the largest at 98% of fiscal 2022 revenue, growing 84% a year over 2 years.
By product, Revenue from LiDAR products is the largest at 98% of fiscal 2025 revenue, growing 54% a year over 5 years.
Revenue by segment
Fiscal years, as Hesai Group Sponsored ADR reports them in its 10-K filings; fiscal 2022 total $1.2B.
| Segments | 2020 | 2021 | 2022 | Share |
|---|---|---|---|---|
| LiDAR segment | $347M | $701M | $1.2B | 98% |
| Gas detection segment | $69M | $20M | $24M | 2% |
Revenue by product
Fiscal years, as Hesai Group Sponsored ADR reports them in its 10-K filings; fiscal 2025 total $3.0B.
| Products | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Revenue from LiDAR products | $346M | $685M | $1.1B | $1.7B | $1.9B | $3.0B | 98% |
| Engineering design, development and validation service and solution revenue | — | $14M | $43M | $100M | $100M | $36M | 1% |
| Other product revenues | $847,000 | $1M | $30M | $30M | $19M | $10M | 0% |
| Other service revenues | — | $676,000 | $8M | $12M | $11M | $9M | 0% |
| Revenue from gas detection products | $69M | $20M | — | — | — | — | — |
Revenue by region
Fiscal years, as Hesai Group Sponsored ADR reports them in its 10-K filings; fiscal 2025 total $3.0B.
| Regions | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Chinese Mainland | $186M | $270M | $697M | $992M | $1.5B | $2.4B | 78% |
| North America | $201M | $353M | $359M | $748M | $281M | $452M | 15% |
| Europe | $17M | $68M | $86M | $70M | $161M | $140M | 5% |
| Other regions | $12M | $30M | $61M | $66M | $92M | $81M | 3% |
Questions
Where does Hesai Group Sponsored ADR make its money?
In fiscal 2022, by segment: LiDAR segment $1.2B, Gas detection segment $24M.
From Hesai Group Sponsored ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.