UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2024
Commission File Number: 001-41611
Hesai Group
9th Floor, Building L2-B
1588 Zhuguang Road, Qingpu District
Shanghai 201702
People's Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F ¨
Exhibit Index
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
Hesai Group |
| |
|
|
|
| |
By |
: |
/s/ Yifan Li |
| |
Name |
: |
Yifan Li |
| |
Title |
: |
Chief Executive Officer |
Date: May 21, 2024
Exhibit 99.1
Hesai
Group Reports First Quarter 2024 Unaudited Financial Results
Quarterly
net revenues were RMB359.1 million (US$49.7 million)1
Quarterly lidar shipments were 59,101 units
SHANGHAI,
China, May 20, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader
in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months
ended March 31, 2024.
Operational Highlights
| | |
Three
months
ended
March 31,
2024 | |
| ADAS lidar shipments | |
| 52,462 | |
| Autonomous Mobility lidar shipments | |
| 6,639 | |
| Total lidar shipments | |
| 59,101 | |
| · | Q1
2024 ADAS lidar shipments were 52,462 units, representing an increase of 86.1% from 28,195
units in the corresponding period of 2023. |
| · | Q1
2024 Total lidar shipments were 59,101 units, representing an increase of 69.7% from
34,834 units in the corresponding period of 2023. |
Management Remarks
Yifan
“David” Li, Hesai’s Co-Founder and CEO, commented, “In the first quarter, we delivered a resilient financial performance
amid typical seasonal factors as well as slower demand in our robotaxi business compared with the previous year. Despite the challenges,
our dedicated efforts yielded net revenues of RMB359.1 million (US$49.7 million) and total lidar shipments of 59,101 units in the first
quarter, both exceeding our earlier forecasts. Moreover, our effective cost management endeavors and flywheel strategy are steadily driving
us closer to attaining profitability by the fourth quarter of this fiscal year.
1
All translations from RMB to USD for the first quarter of 2024 were made at the exchange rate of RMB7.2203 to US$1.00, the exchange
rate on March 29, 2024, set forth in the H.10 statistical release of the Federal Reserve Board.
“The
automotive sector continues to evolve rapidly, highlighted by the expanding integration of lidar technology into intelligent vehicles
across a broader spectrum of price ranges. To navigate this trend, we maintain dual strategic development pathways for our ADAS product
roadmap: ultimate performance and ultimate value-to-cost, exemplified by our two latest long-range ADAS products, the AT512 and ATX.
These offerings provide appealing solutions at various price points to ensure that safety becomes a standard feature in every intelligent
vehicle,” added Dr. Li. “On the business front, our leading-edge technology and proven track record continue to create tailwinds
that propel our ongoing success. We are beyond thrilled to unveil recent collaborations with two esteemed new customers: a top global
automotive OEM and a major global OEM’s joint venture. Notably, some of these customers had prior engagements with our peers, but have
now chosen to partner with us for the first time. These partnerships are landmark commercial wins for us and reflect the substantial
and steady stream of opportunities that lie ahead. As always, we remain committed to leading and fostering growth through innovation
and leveraging technology to enhance safety, save lives and create a more intelligent global transportation system.”
·
Product Updates:
| o | Launched
a new ultra-compact high-performance long-range ADAS lidar, the ATX. The ATX inherits the
key capabilities of Hesai’s best-selling AT128P lidar, retaining its market-validated one-dimensional
scanning architecture. The ATX also incorporates state-of-the-art technological features
such as 7x optical zoom and Hesai’s proprietary Intelligent Point Cloud Engine, setting it
apart as a unique and innovative offering in the market. |
| o | With
optimized optical and mechanical design, the ATX boasts a maximum detection range of 300
meters with a 140° horizontal FOV for expansive visibility of complex road conditions
such as nearby vehicles or pedestrians. It also weighs 50% less and occupies 60% less space
than the AT128, offering versatile installation options. |
| o | The
ATX has received design wins and collaborative programs from four global and domestic leading
OEMs. Production of the ATX is expected to begin in the first quarter of 2025. |
·
Business Updates:
| n | Recently
selected by two additional Top 10 (by revenues) global automotive OEMs to provide ADAS lidars
for their upcoming series production programs. Hesai has now secured design wins with four
prominent global OEMs, including three global OEMs’ joint ventures and one global
automotive OEM with worldwide shipping programs. |
| n | Established
a strategic partnership with Marelli, a global leading automotive lighting supplier, to integrate
the ATX into its innovative headlamp designs. |
| n | Forged
a partnership with GAC, one of China’s leading OEMs, to collaboratively develop and integrate
Hesai’s next-generation lidar products into GAC’s forthcoming lineup of passenger vehicles. |
| o | Hesai
has secured ADAS design wins with 18 OEMs and Tier 1 suppliers globally across approximately
70 vehicle models. |
Financial Highlights for
the First Quarter of 2024
(in RMB
millions, except for per ordinary share data and percentage)
| | |
Q1 2024 | | |
Q1 2023 | | |
% Change | |
| Net revenues | |
| 359.1 | | |
| 429.9 | | |
| -16.5 | % |
| Gross margin | |
| 38.8 | % | |
| 37.8 | % | |
| | |
| Loss from operations | |
| (138.5 | ) | |
| (128.0 | ) | |
| 8.2 | % |
| Non-GAAP2
loss from operations | |
| (100.7 | ) | |
| (7.5 | ) | |
| 1237.8 | % |
| Net loss | |
| (106.9 | ) | |
| (118.9 | ) | |
| -10.1 | % |
| Non-GAAP net income/(loss) | |
| (69.1 | ) | |
| 1.6 | | |
| | |
| Net loss attributable to ordinary shareholders | |
| (106.9 | ) | |
| (118.9 | ) | |
| -10.1 | % |
| Net loss per ordinary share-basic and diluted | |
| (0.84 | ) | |
| (0.98 | ) | |
| -14.3 | % |
| Non-GAAP net income/(loss) per ordinary share –
basic and diluted | |
| (0.54 | ) | |
| 0.01 | | |
| | |
| · | Net
revenues were RMB359.1 million (US$49.7 million) for the first quarter of 2024, representing
a decrease of 16.5% from RMB429.9 million for the same period of 2023. Product revenues were
RMB353.0 million (US$48.9 million) for the first quarter of 2024, representing a decrease
of 16.8% from RMB424.1 million for the same period of 2023. The year-over-year decrease was
mainly attributable to decreased revenues from sales of autonomous mobility lidar products
due to slower demand in our robotaxi business, partially offset by our increased revenues
from sales of ADAS lidar products. Service revenues were RMB6.1 million (US$0.9 million)
for the first quarter of 2024, representing an increase of 5.2% from RMB5.8 million for the
same period of 2023. |
| · | Cost
of revenues was RMB219.9 million (US$30.5 million) for the first quarter of 2024, representing
a decrease of 17.7% from RMB267.3 million for the same period of 2023. The year-over-year
decrease was due to decreased shipments of autonomous mobility lidar products. |
| · | Gross
margin was 38.8% for the first quarter of 2024, compared with 37.8% for the same period
of 2023. |
| · | Sales
and marketing expenses were RMB42.0 million (US$5.8 million) for the first quarter of
2024, representing an increase of 18.7% from RMB35.4 million for the same period of 2023.
The year-over-year increase was mainly due to increased payroll expenses of RMB12.0 million
(US$1.7 million) attributable to an expanded sales and marketing team, offset by the decrease
in share-based compensation expenses of RMB9.9 million (US$1.4 million). |
2
See “Use of Non-GAAP Financial Measures” and “Unaudited Reconciliation of GAAP and Non-GAAP Results” included in
this release for further details.
| · | General
and administrative expenses were RMB68.8 million (US$9.5 million) for the first quarter
of 2024, representing an increase of 38.8% from RMB49.5 million for the same period of 2023.
The year-over-year increase was mainly driven by an increase in professional service expenses
of RMB8.6 million (US$1.2 million) and an increase in payroll expenses of RMB5.0 million
(US$0.7 million). |
| · | Research
and development expenses were RMB194.4 million (US$26.9 million) for the first quarter
of 2024, representing a decrease of 6.8% from RMB208.5 million for the same period of 2023.
The year-over-year decrease was mainly due to decreased share-based compensation expenses
of RMB62.1 million (US$8.6 million) mainly attributable to one-off share-based compensation
related to the stock options granted with an IPO performance condition recognized in the
first quarter of 2023, offset by the increase in payroll expenses of RMB26.4 million (US$3.7
million) due to increased R&D headcount. |
| · | Loss
from operations was RMB138.5 million (US$19.2 million) for the first quarter of 2024,
representing an increase of 8.2% from RMB128.0 million from the same period of 2023. Excluding
share-based compensation expenses, non-GAAP loss from operations was RMB100.7 million (US$13.9
million) for the first quarter of 2024, compared with RMB7.5 million for the same period
of 2023. |
| · | Net
loss was RMB106.9 million (US$14.8 million) for the first quarter of 2024, compared with
RMB118.9 million for the same period of 2023. Excluding share-based compensation expenses,
non-GAAP net loss was RMB69.1 million (US$9.6 million) for the first quarter of 2024, compared
with non-GAAP net income of RMB1.6 million for the same period of 2023. |
| · | Net
loss attributable to ordinary shareholders of Hesai was RMB106.9 million (US$14.8 million)
for the first quarter of 2024, compared with RMB118.9 million for the same period of 2023.
Excluding share-based compensation expenses, non-GAAP net loss attributable to ordinary shareholders
of Hesai was RMB69.1 million (US$9.6 million) for the first quarter of 2024, compared with
non-GAAP net income attributable to ordinary shareholders of Hesai of RMB1.6 million for
the same period of 2023. |
| · | Basic
and diluted net loss per ordinary share were both RMB0.84 (US$0.12) for the first quarter
of 2024. Excluding share-based compensation expenses, non-GAAP basic net loss per ordinary
share and non-GAAP diluted net loss per ordinary share were both RMB0.54 (US$0.08) for the
first quarter of 2024. |
| · | Cash
and cash equivalents, restricted cash and short-term investments were RMB2,829.9 million
(US$391.9 million) as of March 31, 2024, compared with RMB3,144.1 million as of December
31, 2023. |
Business Outlook
For
the second quarter of 2024, the Company expects net revenues to be between RMB440 million (US$60.9 million) and RMB460 million (US$63.7
million), representing a year-over-year increase of approximately 0% to 4.5%.
The
above outlook is based on the current market conditions and reflects the Company’s preliminary estimates of market and operating conditions,
and customer demand, which are all subject to change.
Conference
Call
The
Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on May 20, 2024 (9:00 AM Beijing/Hong Kong Time
on May 21, 2024).
For
participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial
in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference
call.
| Event Title: |
Hesai Group First Quarter 2024 Earnings Conference Call |
| Pre-registration Link: |
https://s1.c-conf.com/diamondpass/10038728-9ct32d.html |
Additionally,
a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://investor.hesaitech.com.
A
replay of the conference call will be accessible approximately an hour after the conclusion of the call until May 30, 2024, by dialing
the following telephone numbers:
United
States:
International:
Hong Kong, China:
China Mainland:
Replay PIN: |
+1-855-883-1031
+61-7-3107-6325
800-930-639
400-120-9216
10038728 |
About Hesai
Hesai
is the global leader in three-dimensional light detection and ranging (lidar) solutions. The Company’s lidar products enable a broad
spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle
fleets (autonomous mobility). Hesai’s technology also empowers robotics applications such as last-mile delivery robots and logistics
robots in restricted areas. The Company’s commercially validated solutions are backed by superior research and development capabilities
across optics, mechanics, electronics, and software. Hesai integrates lidar designs with an in-house manufacturing process, facilitating
rapid product development while ensuring high performance, consistent quality and affordability. Hesai has established strong relationships
with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 40 countries as of December 31, 2023.
Use of Non-GAAP Financial
Measures
To
supplement Hesai’s consolidated financial results presented in accordance with GAAP, Hesai uses the following measures defined as non-GAAP
financial measures by the SEC: loss from operation excluding share-based compensation expenses, net income excluding share-based compensation
expenses, net income attributable to ordinary shareholders excluding share-based compensation, and per ordinary share net income attributable
to ordinary shareholders excluding share-based compensation. The presentation of these non-GAAP financial measures is not intended to
be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more
information on these non-GAAP financial measures, please see the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP
Results” set forth at the end of this release.
Hesai
believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by
excluding share-based compensation expenses that may not be indicative of its operating performance from a cash perspective. Hesai believes
that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when
planning and forecasting future periods. These non- GAAP financial measures also facilitate management’s internal comparisons to Hesai’s
historical performance and liquidity. Hesai believes these non-GAAP financial measures are useful to investors in allowing for greater
transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation
of using these non-GAAP financial measures is that they exclude share-based compensation expenses that have been and will continue to
be for the foreseeable future a significant recurring expense in our business. Management compensates for these limitations by providing
specific information regarding the GAAP amounts excluded from each non-GAAP financial measure. The accompanying tables have more details
on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.
Exchange Rate Information
This
announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader.
Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.2203 to US$1.00,
the exchange rate on March 29, 2024, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation
that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate
or at all.
Safe Harbor Statement
This
announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,”
“expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,”
“estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things,
the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain
forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials
and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including
but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in
any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business
development, financial condition and results of operations; expected changes in the Company’s revenues, costs or expenditures; the trends
in, expected growth and the market size of the ADAS, autonomous mobility and robotics industries; the market for and adoption of lidar
and related technology; the Company’s ability to produce high-quality products with wide market acceptance; the success of the Company’s
customers in developing and commercializing products using its solutions, and the market acceptance of those products; the Company’s
ability to introduce new products that meet its customers’ requirement; the Company’s expectations regarding the effectiveness of its
marketing initiatives and the relationship with its third-party partners; competition in the Company’s industry; the Company’s ability
to recruit and retain qualified personnel; relevant government policies and regulations relating to the Company’s industry; the Company’s
ability to protect its systems and infrastructures from cyber-attacks; general economic and business conditions globally and in China;
and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the
Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press
release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries,
please contact:
In China:
Hesai Group
Yuanting “YT” Shi, Investor
Relations Director
Email: ir@hesaitech.com
Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
Email: hesai@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: hesai@tpg-ir.com
HESAI GROUP
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except share and per share data and otherwise noted)
| | |
As of | |
| | |
December 31,
2023 | | |
March 31,
2024 | |
| | |
RMB | | |
RMB | | |
US$ | |
| ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
1,554,583 |
|
|
|
1,563,496 |
|
|
|
216,542 |
|
| Restricted cash |
|
|
3,541 |
|
|
|
3,548 |
|
|
|
491 |
|
| Short-term investments |
|
|
1,586,005 |
|
|
|
1,262,855 |
|
|
|
174,903 |
|
| Notes receivables |
|
|
- |
|
|
|
717 |
|
|
|
99 |
|
| Accounts receivable, net |
|
|
524,818 |
|
|
|
570,376 |
|
|
|
78,996 |
|
| Contract assets |
|
|
19,688 |
|
|
|
19,688 |
|
|
|
2,727 |
|
| Amounts due from related parties |
|
|
5,015 |
|
|
|
5,018 |
|
|
|
695 |
|
| Inventories |
|
|
495,877 |
|
|
|
634,686 |
|
|
|
87,903 |
|
| Prepayments and other
current assets |
|
|
208,082 |
|
|
|
230,157 |
|
|
|
31,876 |
|
| Total current
assets |
|
|
4,397,609 |
|
|
|
4,290,541 |
|
|
|
594,232 |
|
| Non-current
assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Property and equipment, net |
|
|
871,611 |
|
|
|
904,567 |
|
|
|
125,281 |
|
| Long-term investments |
|
|
78,730 |
|
|
|
31,800 |
|
|
|
4,404 |
|
| Intangible assets, net |
|
|
40,743 |
|
|
|
75,113 |
|
|
|
10,403 |
|
| Land-use rights, net |
|
|
- |
|
|
|
40,527 |
|
|
|
5,613 |
|
| Goodwill |
|
|
31,811 |
|
|
|
- |
|
|
|
- |
|
| Right-of-use assets |
|
|
151,871 |
|
|
|
137,768 |
|
|
|
19,081 |
|
| Other non-current
assets |
|
|
90,168 |
|
|
|
106,010 |
|
|
|
14,682 |
|
| Total
non-current assets |
|
|
1,264,934 |
|
|
|
1,295,785 |
|
|
|
179,464 |
|
| TOTAL
ASSETS |
|
|
5,662,543 |
|
|
|
5,586,326 |
|
|
|
773,696 |
|
| LIABILITIES
AND SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
| Current
liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term borrowings |
|
|
111,682 |
|
|
|
161,750 |
|
|
|
22,402 |
|
| Notes payable |
|
|
7,255 |
|
|
|
26,568 |
|
|
|
3,680 |
|
| Accounts payable |
|
|
269,439 |
|
|
|
336,110 |
|
|
|
46,551 |
|
| Contract liabilities |
|
|
79,925 |
|
|
|
41,584 |
|
|
|
5,759 |
|
| Amounts due to related parties |
|
|
340,051 |
|
|
|
337,923 |
|
|
|
46,802 |
|
| Accrued warranty liability |
|
|
28,425 |
|
|
|
29,815 |
|
|
|
4,129 |
|
| Accrued expenses and
other current liabilities |
|
|
498,324 |
|
|
|
354,492 |
|
|
|
49,094 |
|
| Total current
liabilities |
|
|
1,335,101 |
|
|
|
1,288,242 |
|
|
|
178,417 |
|
| Non-current
liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating lease liabilities |
|
|
119,413 |
|
|
|
115,452 |
|
|
|
15,990 |
|
| Long-term borrowings |
|
|
285,898 |
|
|
|
326,553 |
|
|
|
45,227 |
|
| Other non-current
liabilities |
|
|
59,813 |
|
|
|
56,018 |
|
|
|
7,758 |
|
| Total
non-current liabilities |
|
|
465,124 |
|
|
|
498,023 |
|
|
|
68,975 |
|
| TOTAL
LIABILITIES |
|
|
1,800,225 |
|
|
|
1,786,265 |
|
|
|
247,392 |
|
| Shareholders’
Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| Class A Ordinary shares |
|
|
19 |
|
|
|
19 |
|
|
|
3 |
|
| Class
B Ordinary shares |
|
|
67 |
|
|
|
67 |
|
|
|
9 |
|
| Additional paid-in capital |
|
|
7,423,862 |
|
|
|
7,465,442 |
|
|
|
1,033,952 |
|
| Subscription receivables |
|
|
(292,721 |
) |
|
|
(292,721 |
) |
|
|
(40,541 |
) |
| Accumulated other comprehensive income
(loss) |
|
|
38,440 |
|
|
|
41,528 |
|
|
|
5,752 |
|
| Accumulated deficit |
|
|
(3,307,349 |
) |
|
|
(3,414,274 |
) |
|
|
(472,871 |
) |
| TOTAL
SHAREHOLDERS’ EQUITY |
|
|
3,862,318 |
|
|
|
3,800,061 |
|
|
|
526,304 |
|
| TOTAL LIABILITIES
AND SHAREHOLDERS’
EQUITY |
|
|
5,662,543 |
|
|
|
5,586,326 |
|
|
|
773,696 |
|
HESAI GROUP
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(All amounts in
thousands, except share and per share data and otherwise noted)
| | |
Three
months ended March 31, | |
| | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Net revenues | |
| 429,930 | | |
| 359,120 | | |
| 49,738 | |
| Cost of revenues | |
| (267,304 | ) | |
| (219,898 | ) | |
| (30,456 | ) |
| Gross profit | |
| 162,626 | | |
| 139,222 | | |
| 19,282 | |
| Operating expenses: | |
| | | |
| | | |
| | |
| Sales and marketing expenses | |
| (35,363 | ) | |
| (41,964 | ) | |
| (5,812 | ) |
| General and administrative expenses | |
| (49,544 | ) | |
| (68,767 | ) | |
| (9,524 | ) |
| Research and development expenses | |
| (208,496 | ) | |
| (194,402 | ) | |
| (26,924 | ) |
| Other operating income, net | |
| 2,771 | | |
| 27,456 | | |
| 3,803 | |
| Total operating expenses | |
| (290,632 | ) | |
| (277,677 | ) | |
| (38,457 | ) |
| Loss from operations | |
| (128,006 | ) | |
| (138,455 | ) | |
| (19,175 | ) |
| Interest income | |
| 16,134 | | |
| 32,795 | | |
| 4,542 | |
| Interest expenses | |
| (461 | ) | |
| (2,286 | ) | |
| (317 | ) |
| Foreign exchange income/(loss), net | |
| (6,415 | ) | |
| 1,493 | | |
| 207 | |
| Other loss, net | |
| (167 | ) | |
| (212 | ) | |
| (29 | ) |
| Net loss before income tax and share
of loss in equity method investments | |
| (118,915 | ) | |
| (106,665 | ) | |
| (14,772 | ) |
| Income tax benefit/(expense) | |
| 17 | | |
| (248 | ) | |
| (34 | ) |
| Share of loss in equity method investment | |
| (11 | ) | |
| (12 | ) | |
| (2 | ) |
| Net loss | |
| (118,909 | ) | |
| (106,925 | ) | |
| (14,808 | ) |
| Net loss attributable to ordinary
shareholders of the Company | |
| (118,909 | ) | |
| (106,925 | ) | |
| (14,808 | ) |
| Net loss per share: | |
| | | |
| | | |
| | |
| Basic and diluted | |
| (0.98 | ) | |
| (0.84 | ) | |
| (0.12 | ) |
| Weighted average ordinary shares used in calculating
net loss per share: | |
| | | |
| | | |
| | |
| Basic and diluted | |
| 121,175,064 | | |
| 127,336,569 | | |
| 127,336,569 | |
| Net loss | |
| (118,909 | ) | |
| (106,925 | ) | |
| (14,809 | ) |
| Other comprehensive loss, net of tax
of nil: | |
| | | |
| | | |
| | |
| Foreign currency translation adjustments | |
| 12,948 | | |
| 3,088 | | |
| 428 | |
| Comprehensive loss, net of tax of
nil | |
| (105,961 | ) | |
| (103,837 | ) | |
| (14,380 | ) |
HESAI GROUP
UNAUDITED RECONCILIATIONS
OF GAAP AND NON-GAAP RESULTS
(All amounts in
thousands, except share and per share data and otherwise noted)
| | |
For the
three months ended March 31, | |
| | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Loss from operations | |
| (128,006 | ) | |
| (138,455 | ) | |
| (19,175 | ) |
| Add: Share-based compensation expenses | |
| 120,481 | | |
| 37,800 | | |
| 5,235 | |
| Non-GAAP loss from operations | |
| (7,525 | ) | |
| (100,655 | ) | |
| (13,940 | ) |
| | |
| | | |
| | | |
| | |
| Net loss | |
| (118,909 | ) | |
| (106,925 | ) | |
| (14,808 | ) |
| Add: Share-based compensation expenses | |
| 120,481 | | |
| 37,800 | | |
| 5,235 | |
| Non-GAAP net income/(loss) | |
| 1,572 | | |
| (69,125 | ) | |
| (9,573 | ) |
| | |
| | | |
| | | |
| | |
| Net loss attributable to ordinary shareholders of the Company | |
| (118,909 | ) | |
| (106,925 | ) | |
| (14,808 | ) |
| Add: Share-based compensation expenses | |
| 120,481 | | |
| 37,800 | | |
| 5,235 | |
| Non-GAAP net income/(loss) attributable to ordinary shareholders
of the Company | |
| 1,572 | | |
| (69,125 | ) | |
| (9,573 | ) |
| | |
| | | |
| | | |
| | |
| Loss per share: Basic and diluted | |
| (0.98 | ) | |
| (0.84 | ) | |
| (0.12 | ) |
| Add: Share-based compensation expenses | |
| 0.99 | | |
| 0.30 | | |
| 0.04 | |
| Non-GAAP net income/(loss) per ordinary share –
basic and diluted | |
| 0.01 | | |
| (0.54 | ) | |
| (0.08 | ) |
Grafico Azioni Hesai (NASDAQ:HSAI)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Hesai (NASDAQ:HSAI)
Storico
Da Nov 2023 a Nov 2024
