Cinda International released a research report saying that Hesai-W's profitability and cash flow are superior to its peers, supporting valuation premiums, and maintaining its “buy” rating and target price of HK$200. According to the agency's comprehensive forecast, the market expects a compound annual increase of 41% and 321% in revenue and adjusted profit for fiscal year 24 to 27, respectively. The current price corresponds to 5.5 times the projected market sales rate for FY26, which is 4.7 times higher than that of the same industry. However, according to Insight Consulting data, the company was the first lidar company in the world to achieve net profit for the whole year, and recorded positive operating cash flow for the whole year in both fiscal year 23 and 24, making it the first lidar listed company to generate positive operating cash flow.

Cinda International released a research report saying that Hesai-W's profitability and cash flow are superior to its peers, supporting valuation premiums, and maintaining its “buy” rating and target price of HK$200. According to the agency's comprehensive forecast, the market expects a compound annual increase of 41% and 321% in revenue and adjusted profit for fiscal year 24 to 27, respectively. The current price corresponds to 5.5 times the projected market sales rate for FY26, which is 4.7 times higher than that of the same industry. However, according to Insight Consulting data, the company was the first lidar company in the world to achieve net profit for the whole year, and recorded positive operating cash flow for the whole year in both fiscal year 23 and 24, making it the first lidar listed company to generate positive operating cash flow.