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

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).

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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