CICC has initiated coverage on Hesai Group (HSAI) with an Outperform rating, marking the firm's first assessment of the company since its IPO on February 9, 2023. This rating reflects CICC's analysis of Hesai's position within the auto components industry and its growth prospects in the three-dimensional light detection and ranging (LiDAR) solutions market.
Headquartered in Shanghai, Hesai Group specializes in the design, development, manufacturing, and sales of LiDAR products, which are integral to advanced driver assistance systems (ADAS), autonomous vehicles, and robotics. The company currently employs 1,142 full-time staff and boasts a market capitalization of $2.0 billion.
As of November 24, 2025, Hesai's stock trades at $18.73, with a trailing P/E ratio of 137.97 and an EPS of 0.77. Following a strong performance in recent quarters, Hesai reported an EPS of $2.00 in Q3 2025, significantly surpassing estimates by 149.8%. This positive trend in earnings has contributed to a favorable outlook among analysts.
Upcoming earnings announcements are scheduled for May 25, 2026, and August 12, 2026, providing further opportunities for investors to assess the company's performance. Analyst ratings and price targets serve as professional opinions based on extensive research, yet they are inherently subject to change as new information emerges. As such, investors should consider a range of factors, including company fundamentals and competitive positioning, when evaluating their investment decisions.