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Xiang Shaoqing reported acquisition or exercise transactions in this Form 4 filing.
Hesai Group director and Chief Technology Officer Xiang Shaoqing received a grant of 157,000 restricted share units. Each unit represents the right to receive one Class B ordinary share when it vests. The award was granted on March 25, 2026 as equity-based compensation.
The 157,000 restricted share units vest in four equal annual installments over a four-year period, beginning on the first anniversary of May 31, 2026, so long as Xiang continues in service through each vesting date. Following this grant, the Form 4 shows 157,000 restricted share units held directly.
Xiang Shaoqing reported acquisition or exercise transactions in this Form 4 filing.
Hesai Group director and Chief Technology Officer Xiang Shaoqing received a grant of 157,000 restricted share units. Each unit represents the right to receive one Class B ordinary share when it vests. The award was granted on March 25, 2026 as equity-based compensation.
The 157,000 restricted share units vest in four equal annual installments over a four-year period, beginning on the first anniversary of May 31, 2026, so long as Xiang continues in service through each vesting date. Following this grant, the Form 4 shows 157,000 restricted share units held directly.
Hesai Group reported a strong turnaround for 2025, achieving its first full-year GAAP profitability as a lidar company. Net revenues reached RMB3,027.6 million (US$432.9 million), up 45.8% year-over-year, with lidar shipments tripling to 1,620,406 units.
Full-year net income was RMB435.9 million (US$62.3 million), compared with a net loss of RMB102.4 million in 2024; non-GAAP net income rose to RMB550.5 million (US$78.7 million). Q4 2025 net revenues were RMB1,000.5 million with net income of RMB153.2 million.
Gross margin for 2025 was 41.8%. Cash reserve stood at RMB7,511.0 million (US$1,074.1 million) and shareholders’ equity at RMB8,958.8 million. Hesai guides Q1 2026 net revenues of RMB650–700 million, implying 24%–33% year-over-year growth, and received approximately US$6.4 million from a resolved IP arbitration.
Hesai Group reported a strong turnaround for 2025, achieving its first full-year GAAP profitability as a lidar company. Net revenues reached RMB3,027.6 million (US$432.9 million), up 45.8% year-over-year, with lidar shipments tripling to 1,620,406 units.
Full-year net income was RMB435.9 million (US$62.3 million), compared with a net loss of RMB102.4 million in 2024; non-GAAP net income rose to RMB550.5 million (US$78.7 million). Q4 2025 net revenues were RMB1,000.5 million with net income of RMB153.2 million.
Gross margin for 2025 was 41.8%. Cash reserve stood at RMB7,511.0 million (US$1,074.1 million) and shareholders’ equity at RMB8,958.8 million. Hesai guides Q1 2026 net revenues of RMB650–700 million, implying 24%–33% year-over-year growth, and received approximately US$6.4 million from a resolved IP arbitration.
Hesai Group director and Chief Scientist Sun Kai has filed an initial ownership report showing a large indirect equity position in the company. The filing lists indirect ownership of 9,228,622 Class A ordinary shares held through Fermat Star Limited, establishing his reported stake at the time of this Form 3.
Hesai Group director and Chief Scientist Sun Kai has filed an initial ownership report showing a large indirect equity position in the company. The filing lists indirect ownership of 9,228,622 Class A ordinary shares held through Fermat Star Limited, establishing his reported stake at the time of this Form 3.
Hesai Group director Ren Jia has filed an initial ownership report detailing restricted share units (RSUs). These RSUs give a contingent right to receive Class B ordinary shares when they vest. According to the disclosure, the awards vest in three tranches on November 11, 2026, September 8, 2027, and September 7, 2028, and do not have expiration dates.
Hesai Group director Ren Jia has filed an initial ownership report detailing restricted share units (RSUs). These RSUs give a contingent right to receive Class B ordinary shares when they vest. According to the disclosure, the awards vest in three tranches on November 11, 2026, September 8, 2027, and September 7, 2028, and do not have expiration dates.
Hesai Group Chief Financial Officer Fan Peng filed an initial ownership report outlining existing equity interests in the company. The filing lists restricted share units that give a contingent right to receive Class B ordinary shares, vesting between September 19, 2026 and December 1, 2029 under the issuer's share incentive plan. It also shows options to buy Class B ordinary shares at an exercise price of $0.9000 per share, expiring on November 18, 2031, with portions vesting monthly from April 1, 2026 through January 1, 2029. In addition, Fan Peng holds 48,000 American depositary shares, each representing one Class B ordinary share, and 1,600 Class B ordinary shares directly. The report reflects holdings only and does not show any buy or sell transactions.
Hesai Group Chief Financial Officer Fan Peng filed an initial ownership report outlining existing equity interests in the company. The filing lists restricted share units that give a contingent right to receive Class B ordinary shares, vesting between September 19, 2026 and December 1, 2029 under the issuer's share incentive plan. It also shows options to buy Class B ordinary shares at an exercise price of $0.9000 per share, expiring on November 18, 2031, with portions vesting monthly from April 1, 2026 through January 1, 2029. In addition, Fan Peng holds 48,000 American depositary shares, each representing one Class B ordinary share, and 1,600 Class B ordinary shares directly. The report reflects holdings only and does not show any buy or sell transactions.
Hesai Group director and Chief Executive Officer Li Yifan filed an initial statement of beneficial ownership of the company’s equity securities. The filing reports indirect ownership of 8,879,636 Class A ordinary shares held through ALBJ Limited, reflecting Li’s existing stake rather than a new share purchase or sale.
Hesai Group director and Chief Executive Officer Li Yifan filed an initial statement of beneficial ownership of the company’s equity securities. The filing reports indirect ownership of 8,879,636 Class A ordinary shares held through ALBJ Limited, reflecting Li’s existing stake rather than a new share purchase or sale.
Hesai Group director Zhang Yi has reported his initial equity holdings. The filing shows direct holdings of 16,479 American depositary shares, with each ADS representing one Class B ordinary share. He also holds restricted share units representing 5,953 Class B ordinary shares.
The restricted share units were granted under Hesai Group’s share incentive plan and will vest on February 7, 2027, providing a contingent right to receive Class B ordinary shares upon vesting. This Form 3 is an initial statement of beneficial ownership rather than a new market transaction.
Hesai Group director Zhang Yi has reported his initial equity holdings. The filing shows direct holdings of 16,479 American depositary shares, with each ADS representing one Class B ordinary share. He also holds restricted share units representing 5,953 Class B ordinary shares.
The restricted share units were granted under Hesai Group’s share incentive plan and will vest on February 7, 2027, providing a contingent right to receive Class B ordinary shares upon vesting. This Form 3 is an initial statement of beneficial ownership rather than a new market transaction.
Hesai Group director Wang Hui (Jasmine) has filed an initial Form 3, which is a statement of beneficial ownership for company insiders. The filing lists her status as a director and reports no share transactions or derivative positions at this time.
Hesai Group director Wang Hui (Jasmine) has filed an initial Form 3, which is a statement of beneficial ownership for company insiders. The filing lists her status as a director and reports no share transactions or derivative positions at this time.
Hesai Group director and Vice President of Operations Yang Cailian filed an initial Form 3 reporting existing equity interests in the company. The filing shows direct holdings of options over 181,042 Class B ordinary shares at an exercise price of $2.10 per share expiring on July 3, 2028, along with additional option grants at exercise prices of $3.30, $1.63, and $0.90 per share with expirations extending to November 18, 2031. It also discloses restricted share units that vest annually from December 1, 2026 through December 1, 2029, each representing a contingent right to receive Class B ordinary shares upon vesting, and direct ownership of 122,632 American depositary shares, each representing one Class B ordinary share. The Form 3 does not reflect new market purchases or sales but establishes Yang’s baseline ownership position.
Hesai Group director and Vice President of Operations Yang Cailian filed an initial Form 3 reporting existing equity interests in the company. The filing shows direct holdings of options over 181,042 Class B ordinary shares at an exercise price of $2.10 per share expiring on July 3, 2028, along with additional option grants at exercise prices of $3.30, $1.63, and $0.90 per share with expirations extending to November 18, 2031. It also discloses restricted share units that vest annually from December 1, 2026 through December 1, 2029, each representing a contingent right to receive Class B ordinary shares upon vesting, and direct ownership of 122,632 American depositary shares, each representing one Class B ordinary share. The Form 3 does not reflect new market purchases or sales but establishes Yang’s baseline ownership position.