Hesai Group (HSAI) Return on equity 2023–2025
Hesai Group (HSAI) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
4.9%FY2025 · since FY2023: -12.3% → 4.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 4.9% | +7.5 pp |
| FY2024 | -2.6% | +9.7 pp |
| FY2023 | -12.3% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice