Hesai (ADR) (HSAI)
Builds three-dimensional lidar systems for vehicle automation and robotics.
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Develops, manufactures, and sells three-dimensional lidar systems for vehicles and robotics. Automotive-focused AT, ET, and FT series support driver-assistance systems, while other products serve autonomous passenger and freight fleets plus robotics applications.
Designs, manufactures, and sells three-dimensional lidar systems for passenger and commercial vehicles, autonomous passenger and freight fleets, and robotics. Automotive-focused AT, ET, and FT series support driver-assistance systems, while other applications include last-mile delivery, street-sweeping, and restricted-area logistics robots.
Operating from Shanghai, the founder-led group uses an integrated research, testing, and manufacturing approach. Its workforce is primarily in mainland China, with a smaller overseas presence.
Current applications extend to autonomous mobility, spatial intelligence, embodied AI, and industrial, agricultural, and service robots. The business remains subject to the U.S. Defense Department's Section 1260H designation, which it is challenging on appeal.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | Goldman Sachs | Target | Target: $36 | Target: $31 |
| Jul 30, 2026 | UBS | Target | Target: — | Target: $26.50 |
| Feb 10, 2026 | Macquarie | Target | Target: — | Target: $31.50 |
| Sep 22, 2025 | Goldman Sachs | Reiterate | Rating: —Target: — | Target: $36 |
| Jul 28, 2025 | Morgan Stanley | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $994.3M · Total debt $105.5M · Total assets $1.65B · Shareholders' equity $1.34B
- Revenue
- $128.7M
- Operating income
- $328.2K
- Net income
- $10.5M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | 25.50% | 37.06M ADS | |
|---|---|---|---|
| 147 holders · as of Jun 30, 2026 | |||
| Insiders | 18.85% | 27.40M ADS | |
| 6 holders · as of Sep 21, 2026 | |||
| Strategic holders | 5.00% | 7.27M ADS | |
| 1 holder · as of Feb 9, 2024 | |||
| Other | 50.65% | 73.60M ADS | |
| remainder | |||
145.33M ADS as of Sep 6, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2023 annual report; nothing newer is on file here.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Kai SunInsiderdirector, officer: Chief Scientist | 6.35% | 9.23M A ordinary | filed Mar 18, 2026 |
Shaoqing XiangInsiderdirector, officer: Chief Technology Officer | 6.23% | 8.89M A ordinary · 165,031 ADS | filed Mar 18, 2026 |
Yifan LiInsiderdirector, officer: Chief Executive Officer | 6.11% | 8.88M A ordinary | filed Mar 18, 2026 |
Xiaomi CorporationStrategic | 5.00% | 7.27M | filed Feb 9, 2024 |
Schroder Investment Management GroupInstitution | 4.89% | 7.11M B ADS | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Ouster
Digital lidar supplier across automotive, robotics, and industry
- Aeva
4D lidar platform for automotive, robotics, and automation
- Innoviz Technologies
Automotive-grade lidar platform and perception-software supplier
- MicroVision
Short- and long-range solid-state lidar-perception supplier
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hesai (ADR) | $17.08 | −1.67% | $2.52B | 36.0 | 29.2 | 5.1 | +28.5% |
| Ouster | $39.40 | +3.36% | $2.75B | — | — | 13.4 | +55.9% |
| Aeva | $14.75 | −3.50% | $1.03B | — | — | 47.8 | +11.3% |
| Innoviz Technologies | $0.3522 | +5.45% | $96.2M | — | — | 1.8 | +85.1% |
| MicroVision | $1.67 | 0.00% | $39.0M | — | — | 13.6 | +850.3% |
| Median | — | — | 13.5 | +70.5% |