HES Technology

Launch date

Jun 2000

Employees

Market cap

Enterprise valuation

€116m (Public information from Sep 2024)

Beijing China (HQ)

http://haoersai.com

https://www.linkedin.com/company/%E8%B1%AA%E5%B0%94%E8%B5%9B%E7%85%A7%E6%98%8E%E6%8A%80%E6%9C%AF%E9%9B%86%E5%9B%A2%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenues, earnings & profits over time

CNY	2019	2020	2021	2022	2023
Revenues	1.2b	598m	788m	407m	538m
% growth	-	(48 %)	32 %	(48 %)	32 %
EBITDA	298m	127m	130m	10.4m	20.3m
% EBITDA margin	26 %	21 %	16 %	3 %	4 %
Profit	216m	42.8m	13.3m	(156m)	17.8m
% profit margin	19 %	7 %	2 %	(38 %)	3 %
R&D budget	23.2m	29.5m	49.6m	42.9m	36.4m
R&D % of revenue	2 %	5 %	6 %	11 %	7 %

Date	Investors	Amount	Round
Oct 2019	N/A	N/A	IPO
Total Funding		-

A New Energy Technology (Formerly DAS SOLAR)