---
title: "Hesai Group Files 2025 Annual and ESG Reports with U.S. SEC"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283989539.md"
description: "Hesai Group has filed its 2025 Annual and ESG Reports with the U.S. SEC, complying with reporting requirements as a foreign private issuer. The filing, signed by CEO Yifan Li, updates U.S. investors on financial performance and ESG disclosures. The latest analyst rating for HSAI stock is a Buy with a $29.30 price target, although Spark's AI Analyst rates it as Neutral due to weak technicals and mixed fundamentals. Hesai Group is based in Shanghai and listed in Hong Kong, with a market cap of $3.4B."
datetime: "2026-04-24T10:57:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283989539.md)
  - [en](https://longbridge.com/en/news/283989539.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283989539.md)
---

# Hesai Group Files 2025 Annual and ESG Reports with U.S. SEC

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An announcement from Hesai Group Sponsored ADR ( (HSAI) ) is now available.

Hesai Group, a Cayman Islands–incorporated company based in Shanghai and listed in Hong Kong, operates as a foreign private issuer in U.S. markets and maintains compliance with SEC reporting requirements. Its governance structure includes weighted voting rights, underscoring a founder- or insider-controlled ownership model that may influence long-term strategic direction.

On April 24, 2026, Hesai Group furnished a Form 6-K to the U.S. Securities and Exchange Commission, submitting its Annual Report for the year ended December 31, 2025 and its 2025 Environmental, Social and Governance Report. The filing, signed by Chief Executive Officer Yifan Li, updates U.S. investors on the company’s latest financial performance and ESG disclosures, reinforcing ongoing transparency obligations tied to its Hong Kong listing and U.S. ADR program.

The most recent analyst rating on (HSAI) stock is a Buy with a $29.30 price target. To see the full list of analyst forecasts on Hesai Group Sponsored ADR stock, see the HSAI Stock Forecast page.

**Spark’s Take on HSAI Stock**

According to Spark, TipRanks’ AI Analyst, HSAI is a Neutral.

The score is held back primarily by weak technicals (price below key moving averages and negative momentum) and mixed fundamentals driven by negative free cash flow. Offsetting these are a solid balance-sheet position and a constructive earnings-call outlook with sharply higher 2026 volume guidance and expectations for continued profitability and positive operating cash flow.

To see Spark’s full report on HSAI stock, click here.

**More about Hesai Group Sponsored ADR**

Hesai Group is a Cayman Islands–incorporated company headquartered in Shanghai, China, and is listed in Hong Kong under stock code 2525. The company operates as a foreign private issuer in the United States and files annual reports with the U.S. Securities and Exchange Commission under Form 20-F, reflecting its cross-border capital markets presence.

**Average Trading Volume:** 2,033,715

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $3.4B

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