CompanyGraph
Hesai Group
2525 · HKEX · China
Price data from its ZN8 listing on FSX, quoted in EUR
hesaitech.comFinancials as of FY2025
- Earnings significantly exceed cash generation
- Depends onMidstream position: 6 outgoing, 7 incoming connections
- ScaleMarket cap is $2.98B, above the global median of $1.15B
- PositionOperating margin is -1.3%, lower than 95% of its Auto Parts peers (median 8%)
- Interpretations7 currently firing — 7
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Sign inThe reported statements, read against the company's own industry.
- Earnings significantly exceed cash generation
7 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Debt Falling While Share Count Rises
Debt has fallen for four years while the share count rose over eight.
Low-Leverage Liquidity Configuration
Cash on hand covers most or all of its debt, and its equity share of assets is high for its industry.
Multi-Year Debt Decrease With Cash Near Total Debt And Equity
Long-term debt down in each of four years, and cash now covers most or all of what is left.
How does this company use capital?
Depreciation-Heavy Reported Profit
It reports a profit, and much of the gap to cash is depreciation rather than earnings.
Earnings Growth With Heavy Accrual Component
It reports a profit, with depreciation heavy in the cash bridge and receivables rising.
Operating Income Growing With Multi-Year Revenue Growth
Revenue up in each of five years, with operating income up in each of four.
Where is this company structurally exposed?
Ulcer Index Elevated, Drawdown From Peak Significant, 20-Week Volatility Elevated
It sits well below its peak, and the fall has been both deep and long.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Structural Tensions
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.
Supply Chain
Automotive Supply Chain
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EV Battery Supply Chain
An EV needs controllable traction energy, power, range, and charging—not a count of cells or tonnes of minerals. Follow the chain from mined and refined materials through electrode coating, formation, pack integration, driving, diagnosis, repair, reuse, and recycling. Chemistry determines which materials and equipment are compatible; manufacturing qualification, finance, records, and end-of-life handling determine whether those materials become a dependable battery and how much of its designed function remains available for later use.
Natural Rubber Supply Chain
Follow natural rubber from tree and tapping through coagulation, grading, compounding, vulcanization, service, and recovery. The chain preserves some properties while closing others, and money arrives on a faster clock than a new stand of trees.