CYD vs HSAI
China Yuchai International Ltd. and Hesai Group, side by side — 5 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | CYD | HSAI |
|---|---|---|
| Revenue | CNY 19.1B | CNY 3.0B |
| Net income | CNY 323.1M | CNY 435.9M |
| Gross margin | 14.7% | 41.8% |
| Net margin | 2.6% | 14.4% |
| Return on equity | 3.5% | 6.8% |
| Diluted EPS | CNY 8.21 | CNY 2.98 |
| Dividend / share | $0.38 | — |
| Payout ratio | 31.5% | — |
| Free cash flow | CNY 419.2M | CNY -192.4M |
| Equity | CNY 9.2B | CNY 9.0B |
| Net debt / equity | 0.08× | −0.14× |
| Current ratio | 1.55× | 3.73× |
| Revenue CAGR 5y | 1.2% | 48.8% |
| Profit CAGR 5y | −11.8% | — |
CYD bills 6.3× the revenue of HSAI, and HSAI keeps more of each dollar of revenue as profit (14.4% against 2.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
5 years side by side
| Fiscal year | CYD | HSAI |
|---|---|---|
| FY2024 | CNY 19.1B | CNY 2.1B |
| FY2023 | CNY 18.0B | CNY 1.9B |
| FY2022 | CNY 16.0B | CNY 1.2B |
| FY2021 | CNY 21.3B | CNY 720.8M |
| FY2020 | CNY 20.6B | CNY 415.5M |
Net income by year
Bottom line
| Fiscal year | CYD | HSAI |
|---|---|---|
| FY2024 | CNY 323.1M | CNY -102.4M |
| FY2023 | CNY 285.5M | CNY -476.0M |
| FY2022 | CNY 218.6M | CNY -300.8M |
| FY2021 | CNY 272.7M | CNY -244.8M |
| FY2020 | CNY 548.9M | CNY -107.2M |
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