Last year, Hesai Group generated 1.95B USD for its biggest-performing segment, Revenue from LiDAR products. The Mainland China made the largest contribution, accounting for 1.54B USD last year.

By Business

Revenue

Proportion

Annual

Annual

Quarterly

Revenue from LiDAR products

Engineering design, development and validation service

Other product revenues

Other service revenues

Revenue from gas detection products

Extended warranties

Other Revenues

FY2024

FY2023

FY2022

Revenue from LiDAR products

1.95B(93.72%)

1.74B(92.31%)

1.12B(93.31%)

Engineering design, development and validation service

100.29M(4.83%)

100.49M(5.35%)

43.10M(3.58%)

Other product revenues

19.26M(0.93%)

2.77M(0.15%)

--(--)

Other service revenues

10.83M(0.52%)

--(--)

Revenue from gas detection products

--(--)

26.86M(1.43%)

23.97M(1.99%)

Extended warranties

--(--)

11.61M(0.62%)

7.70M(0.64%)

Other Revenues

--(--)

2.77M(0.15%)

5.66M(0.47%)

By Region

Revenue

Proportion

Annual

Annual

Quarterly

Mainland China

North America

Europe

Other regions

United States

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

Mainland China

1.54B(74.27%)

991.91M(52.85%)

697.29M(57.98%)

269.63M(37.41%)

201.19M(48.42%)

150.48M(43.23%)

North America

280.87M(13.52%)

748.15M(39.86%)

358.55M(29.81%)

--(--)

Europe

161.09M(7.76%)

70.50M(3.76%)

86.15M(7.16%)

67.91M(9.42%)

16.59M(3.99%)

64.49M(18.53%)

Other regions

92.39M(4.45%)

66.43M(3.54%)

60.67M(5.04%)

30.24M(4.20%)

12.21M(2.94%)

7.41M(2.13%)

United States

--(--)

352.98M(48.97%)

185.52M(44.65%)

125.70M(36.11%)