Professional
Added to YB: 2025-03-20
Pitch date: 2025-03-17
HSAI [bearish]
Hesai Group
+8.91%
current return
Author Info
No bio for this author
Company Info
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally.
Market Cap
$20.6B
Pitch Price
$22.78
Price Target
N/A
Dividend
N/A
Sector
Automobile Components
Category
N/A
Blue Orca is Short Hesai Group
HSAI short: Evidence suggests Chinese military uses Hesai LiDAR, contradicting company claims. Undisclosed loss of largest customer Cruise. Mercedes deal likely not exclusive. Reported revenue from Cruise inconsistent with purchasing volumes, implying 48-67% inflation. Inexplicable margin expansion despite shift to low-margin products. Persistent material weaknesses in financial reporting.
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