Stock Analysis

Hesai Group First Quarter 2024 Earnings: CN¥0.84 loss per share (vs CN¥0.98 loss in 1Q 2023)

NasdaqGS:HSAI
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Hesai Group (NASDAQ:HSAI) First Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥359.1m (down 17% from 1Q 2023).
  • Net loss: CN¥106.9m (loss narrowed by 10% from 1Q 2023).
  • CN¥0.84 loss per share (improved from CN¥0.98 loss in 1Q 2023).
earnings-and-revenue-growth
NasdaqGS:HSAI Earnings and Revenue Growth May 24th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hesai Group Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are down 12% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Hesai Group that you need to be mindful of.

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Find out whether Hesai Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.