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COMBINED AND CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
¥ in Thousands, $ in Thousands
Class A
Ordinary shares
CNY (¥)
shares
Class B
Ordinary shares
CNY (¥)
shares
Additional paid-in capital
CNY (¥)
Subscription receivables
CNY (¥)
Accumulated deficit
CNY (¥)
Accumulated other comprehensive income (loss)
CNY (¥)
CNY (¥)
USD ($)
Beginning balance at Dec. 31, 2019         ¥ (170,759) ¥ 1,332 ¥ (169,427)  
Net loss         (107,216)   (107,216)  
Foreign currency translation           (1,950) (1,950)  
Conversion to joint stock company as part of 2020 Reorganization     ¥ (221,929)   221,929      
Conversion of redeemable equity to ordinary shares as part of the 2020 Reorganization     1,098,639       1,098,639  
Issuance of shares of Shanghai Hesai to new investors     317,147       317,147  
Balance as of ending at Dec. 31, 2020     1,193,857   (56,046) (618) 1,137,193  
Net loss         (244,827)   (244,827)  
Foreign currency translation           9,083 9,083  
Issuance of ordinary shares in connection with the 2021 Reorganization ¥ 19 ¥ 40 (59) ¥ (310,227)     (310,227)  
Issuance of ordinary shares in connection with the 2021 Reorganization (in shares) | shares 30,033,379 62,834,548            
Reclassification of ordinary shares to redeemable shares   ¥ (20) (1,193,798)   (1,862,599)   (3,056,417)  
Reclassification of ordinary shares to redeemable shares (in shares) | shares   (31,884,847)            
Share-based compensation     54,283       54,283  
Accretion in redemption value of redeemable shares     (54,283)   (25,475)   (79,758)  
Balance as of ending at Dec. 31, 2021 ¥ 19 ¥ 20   (310,227) (2,188,947) 8,465 (2,490,670)  
Balance as of ending (in shares) at Dec. 31, 2021 | shares 30,033,379 30,949,701            
Net loss         (300,765)   (300,765) $ (43,606)
Foreign currency translation           (12,073) (12,073) (1,750)
Share-based compensation     104,750       104,750  
Accretion in redemption value of redeemable shares     ¥ (104,750)   (341,669)   (446,419)  
Balance as of ending at Dec. 31, 2022 ¥ 19 ¥ 20   ¥ (310,227) ¥ (2,831,381) ¥ (3,608) ¥ (3,145,177) $ (456,008)
Balance as of ending (in shares) at Dec. 31, 2022 | shares 30,033,379 30,949,701