Hesai (HSAI) Equity Ratio (2021 - 2025)

Hesai (HSAI) has 5 years of Equity Ratio data on file, last reported at 0.8 in Q4 2025.

• For the quarter ending Q4 2025, Equity Ratio rose 21.19% year-over-year to 0.8; the trailing twelve-month figure through Dec 2025 stood at 0.8 (up 21.19% YoY), and the FY2025 full-year result was 0.8, up 21.19% from the prior year.
• Equity Ratio for Q4 2025 stood at 0.8, up from 0.66 in the prior quarter.
• Across five years, Equity Ratio topped out at 0.8 in Q4 2025 and bottomed at 0.82 in Q4 2022.
• The 5-year median for Equity Ratio is 0.66 (2024), against an average of 0.14.
• The widest annual swing landed in 2022, when Equity Ratio decreased 29.99%; it then jumped 183.26% in 2023.
• A 5-year view of Equity Ratio shows it stood at 0.63 in 2021, then retreated by 29.99% to 0.82 in 2022, then surged by 183.26% to 0.68 in 2023, then fell by 3.76% to 0.66 in 2024, then advanced by 21.19% to 0.8 in 2025.
• The last three Equity Ratio figures came in at 0.8 (Q4 2025), 0.66 (Q4 2024), and 0.68 (Q4 2023), per Business Quant data.

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