Where to next? I have this image in my mind of Dr. Fang Bian of Hifiman just sitting every Xmas pondering how to hit the market the following year or looking back and thinking what he could do a little bit better. The last year was a really positive move with the more efficient and better constructed HE400i and HE560 outshining the Audeze equivalent EL8 in many ways and getting a lot of excellent feedback in the process. Claiming that planar mid-fi ground was no mean feat but there they sat almost unchallenged until the PM-2 from Oppo started lingering and bringing one thing I think Fang looked at with a sense of ‘what if?” – Efficiency.
I am pretty sure his ears where to the ground listening on this because the HE400S came out pretty quickly after Oppo’s efficiency king, the excellent performing PM-3. At $399 the PM-3 is the most efficient and one of the best sounding closed portable planars on the market today. The HE400S takes advantage of many of the plus points of the new HE series physical design, but now we are told it is their most efficient open planar design yet and what’s more, it is going to be the best value planar on the market at $299. One open and one closed, both affordable, and I can tell you right now both sound very different to my ears but in a good way.
This time round Mike and I were lucky enough to get our hands on one unit each so comments of mine are in regular font and Mike’s are in italics with his mugshot – say hello to Mike :).
What You Get
I would resist though calling the HE400S the budget model in the Hifiman range. That conjures up in my mind something just lesser; something the same as before but some stuff thrown out. In reality the HE400S gives something very different and unique to the Hifiman range of sounds. Checking the newly designed Hifiman website suggests Hifiman do not see this as budget either placing it top of their “Premium range” (likely the new Edition S will slot in just behind it whenever it is launched). When the Oppo PM-3 came out the word budget didn’t even come into the equation and the same rings true for the HE400S right down to the package and presentation.

I believe this is the first time I have seen a retail shelf eye grabbing design of a box from Hifiman since they started rolling out headphones all those years back. It has been coming though. The HE400i and HE560 packaging was a big step up from the old HE400 series but the HE400S packaging is exactly how I would expect a big multi to roll out a mid-tier headphone in terms of look and feel. For a boutique firm that is a solid compliment. Yeah I know it’s not something a lot of people will dwell on but if you have been buying Hifiman products since the start you will know what I mean. Modern looking, less fiddly and without breaking the R&D bank.
Inside you get the usual little Hifiman headphone manual, warranty card and a shallow foam protector that lays over the top of the headphones themselves. The headphones are neatly packed into a foam/cardboard cutout which is not quite as luxurious looking as the HE560 box but it is well designed and does the job of keeping everything in place.
The New Cable
Thankfully, Dr. Bian has listened to our prayers of inclusion of a nice, fabric laced cable: something sleek and sexy, well built and tough but also something functional that never gets in the way. Gone are the days of an odd, twisting nightmare of a connector lead into the headphone. Headaches are a thing of the past, Hifiman has opted for a simple 3.5mm dual entry for their new HE400S and I couldn’t be happier. I can now use some of the nicer custom cables without a problem, thanks to the gently recessed cable inputs on the underside of each cup (squinting in frustration at you right now, Audeze and Sennheiser) that do not interfere with cable adapters that may be on the pudgy side and that restrict access to the port.
The cable is short at around 3.5ft and is of a portable length that I consider proper for inclusion in all headphones: get a damn extension cable if you require extra length, instead of forcing those who don’t need it to rip their hair out in anger over the needless slack, or even forcing portaphiles like me (those with high end portable rigs) to consider retirement due to lugging around an extra 9 feet of cable for no reason. Thank you, Hifiman, for giving us a great, portable length cable with this HE400S. It is perfect and I can’t ask for better.

At the time of writing also Hifiman will be phasing in a new cable with some aesthetic changes:
The HE400S is also undergoing a running change from an all-black braided fabric cable to one that is black and white. We feel this will nicely complement the silver ear cups on headphone. There is no performance or specification change. As with the plug-in connectors, this change will be phased in so you may receive a 400S headphones with either cable.
The Headphones
If you remember a few years back Hifiman launched the HE300, their one and only attempt at a dynamic headphone also at $299. It was also in silver, the same as the HE400S. When the HE400S first came out I was emailing Hifiman asking is it dynamic again? Does S mean silver? Well no, the S meant sensitivity and that is what this headphone is all about quite apart from evoking the old HE300 color tones.
The Look
The HE400S is now sporting the new build and design we first encountered on the HE400i and the HE560. As far as I can detect both the quality of build and materials used are the exact same as the more expensive units in the range so kudos to Hifiman for not taking any shortcuts in the build quality of the HE400S. Remember I did say do not think of this as a budget version planar. Once again you have the classic look and feel to the cups of a Hifiman headphone and once again you have the brand new headband adjuster and inner headband leather strap for pressure balance.
Color wise the HE400S is two tone silver and black, with the silver on the cups and gimbals and black for the pads and headband. It’s not quite as eye catching as the HE400i’s smoky chrome finish that does a very nice color shifting shimmer in good lighting but it is clean and tidy and thankfully blemish free.

The Weight
Yes it has gone down even further than the HE400i and the HE-560 measuring in at just 350g by reducing the amount of magnets used in the driver design. That’s 20-25g less than those previously mentioned headphones. The PM-3 still takes the trophy as the lightest planar on the market at just 320g but you have to remember that the PM-3 is much smaller and on-ear whereas the HE400S is still a full size over the ear headphone. That pretty much makes the HE400S the lightest full size planar by my book thus far.
Given the materials used to create planar cans I am not entirely sure you can get much lighter unless you do what Oppo has done and that is to make it a smaller headphone or reduce the magnet count even further which really doesn’t make a whole lot of sense sound quality wise. By way of comparison dynamic cans such as the HD600 and HD650 are relatively lighter at 250g and 260g respectively but the HD800 is much closer at 330g. I do not see anyone remark on the weight of the HD800 and I cannot see anyone remark that the HE400S is a “heavy” headphone either.
The Pads
This is the first time I have had a velour Hifiman headphone since the original pads came out on the HE-6. I converted to leather and the Focus pads a while ago, just a preference in terms of sound and performance rather than comfort. Comfort wise the contoured pads of the new HE400S are very comfortable, very light and in my tropical climes far more adaptable in terms of dissipating sweat from long listening sessions. They are also a considerable step up in fit and finish over the original velour pads of the gen 1 HE series.
However they are also more porous than the leather versions and even the Focus Pads (regular and A version), which represented a bit of a halfway house between the sound signature of velour and leather. I am expecting a more spacious neutral sound with these stock velour pads and less of a hard hitting cooler sound I can get with the leather versions which leak far less. The good news is you can indeed change the pads to Focus or even the old leather ones they rolled out with the initial HE series so you can pick your pad so to speak to meet your needs.
Sound Impressions
Tonality
This is one very neutral but smooth sounding headphone for the price. For old school first gen HE400 users this is not a return to that bass laden but slightly uneven HE400 sound signature, but nor is it quite as rich and euphoric with a mid-bass bias HE400i. This is a different ‘HE400’ to either previous units and in many respects, at least tonally, something you could term as a new sound from Hifiman.
Clarity is excellent actually. This is a very clean presentation with a tight and fast response though not quite on the level of the HE560. For my ears the HE560 is still absolutely the more resolving and refined headphone. For those jumping in at $299 though they might prefer the slightly more forgiving top end response of the HE400S which is not quite as peaky as the HE560 in terms of amping though it does have one or two minor kinks in the FQ above 7k.
Bass
The most controversial of topics when we evoke the HE400 name. Yes the HE400S is not the bass monster some had hoped for but that’s ok actually because its plus points are in some areas the older HE400 just plain sucked at. The most noticeable aspect of the HE400S is the lower sub-bass roll off beyond the 100hz level. Some charts have the roll off as pretty drastic but the subjective listening experience doesn’t feel that way. There is a mild mid-bass fullness that somewhat disguises the roll off so on most genres you can still apply a bit of oomph where required, it is just not earth shattering in terms of extension and body. Certainly there is no loss of coherence in the sound signature overall from having a less than commanding slam factor and for me it stays reasonably balanced.
A part of this can be attributed to the single drive design (efficiency and weight a plus) and another factor is the use of velour pads which are porous in nature letting a lot of potential slam leak out before it ever hits the ears. Shift these babies to Focus Pads and you get a slightly enhanced bass extension and oomph with a trade off on a slightly less open soundstage but some might actually see that as a worthy exchange. I was also only able to get a limited amount of EQ adjustment with the velour stock pads using Foobar’s 18-band equalizer, particularly in targeting the 55-110hz area. When pushed too high things started to distort reasonably quickly so I suggest the pad change is a better option if you want to enhance the slam.

Smoothness is prime in this headphone’s bass experience and I found myself just kicking back and relaxing for hours. The HE400S is headphone lacks that harsh, deep reaching Planar bass of all of its brothers and there is a clear difference in texture and authority between the HE4, HE5/LE, 400, 500 and 6 versus the new age 400i and the 560i. The latter and newer gen models are smoother, don’t extend as deep and do not feel weighted with a great solidity factor. With that in mind, the best way to describe what is offered on the low end is that the 400S sounds like a very good dynamic driver.
It feels just like the Philips Fidelio X2 in terms of texture and broadness. It is softer on impact, less firm and lacking a blaring sense that pretty much all the original HE-series models had, as well as Audeze LCD series and the Dog generation from MrSpeakers. Now, that isn’t a bad thing, as mentioned. It just means the HE400S isn’t the right headphone for you if you want an improved HE400 low end without sacrificing quantity and solidity. However, it is for you if you want clarity that is somewhere between the original HE400 and the HE500, something that retains excellent smoothness and still is abundant in quantity.
Mids
Very nice quality, forward and plentiful mids and to date, this is by far my favorite sounding Hifiman for vocals. Side by side with my MrSpeakers Ether, the HE400S sounds noticeably larger and sexier with the perceived size of all of the midrange: vocals absolutely sound larger than the Ether, as well as all the other Hifiman headphones before it. Next to my HE500, the HE400S again sounds larger in the midrange when someone speaks or sings. Very cool! This headphone makes for a fantastic vocalist lovers experience without many flaws to even consider.
Vocals appear unlike some of the other planars out there near this price range, for example the Alpha Dog from MrSpeakers, which is a headphone that feels more solid and weighted, offering more authority to the vocal experience in a more realistic manner. I call that factor “solidity”. In the case of the HE400S midrange, much like the low end of the headphone, it is lacking a sense of authority that I find to come stock with pretty much all Planars to date. Side by side with my Philips X2, the HE400S once again sounds similar in authority (that weighted appeal) and it is not what anyone would expect of a Planar. Summed up, the HE400S sounds like a very good dynamic headphone despite being of a Planar Magnetic driver design.
I actually found the strong point of the HE400S to be the mids for me and a continuance of the slightly forward sounding mid-bass from 100hz right up to around 1k and the all-important vocal presence performance. I am a lucky guy of late getting a lot of stellar vocal performing gear such as the VE Stage 5 CIEM. The HE400S, though not quite as expensive or resolving, really treats vocals with a far better degree of enthusiasm and focus than the older HE400 gen 1.
This is a spacious mid-range that is smooth and flowing without any hint of unevenness. As Mike states though the vocal doesn’t sound quite as full bodied or euphoric as say the HE400i but I still felt it was a real pleasure to listen to for lengthy sessions and in no way got lost in the mix. On some mixes such as Pentatonix I actually preferred the energy and musicality of the vocal presence to the HE4000i. After all Pentatonix is all about the vocals and though the HE400i had the refinement and fullness the HE400S had the better energy and engagement. Timbre on the HE400S is also pretty good though not quite on the level of say the HD600, which has a similar type of presentation, but certainly more pleasing than I expected.
Treble
The top end of this headphone feels like a cross between the HE400 originals quantity, but with the more reserved physicality of the HE300 dynamic driver that Hifiman put out a while back. What I mean by that is that the HE400 was a bit bright on the treble and at times sharp, the HE300 (a dynamic driver) had a similar impact level, as well as a solidity factor that was perhaps a bit smoother from the HE400 original. The HE400S upper regions feel like a fusion of those two models up top. There is quite a difference again in that tonal authority that the headphone offers up there.
No doubt, my HE400 and HE500 both sound much more firm and tight, but they are also more piercing while offering a good sense of that weighted appeal that I find so tasty in Planars. Is it a bad thing? Not at all, it is still plenty clean and clear, enjoyable and engaging. I think a lot of consumers are more used to this type of a treble and I am happy to see such a nice smoothness factor occurring on the HE400S’s treble. I quite like it, coming off the older HE-series, I think this is actually an improvement in musicality and enjoyability and I find the HE400S so much easier to listen to for extended periods of time, despite it being just a little bright to my ears.
Treble on the HE400S is just right for me for non-critical and fun listening. It doesn’t have the biggest extension but clarity levels are good and certainly airier than the PM-3. There is a mild dip around 5k which keeps the lower treble in check particularly with percussion and cymbal work meaning the vast majority of the treble performance you immediately hear sounds relatively smooth and easy going. Nothing too sharp here and that’s just how I like my casual listening.
Upper treble is a bit more forward around the 7-8k range with a bit of a peak, but once again subjectively I didn’t feel it get as tizzy as much as I thought it might. Only rarely on synth laden lossy metal tracks with very heavy high hat work did it ever come across as bright or peaky. What I did find was that the treble response did become more of a matching to source or amping question rather than any inherent failing from the HE400S. Tube set-ups such as the CDM from ALO Audio where much more adept at producing a smoother treble response in the HE400S than far cooler or very neutral sources such as the FiiO X3ii.
Soundstage
Wow, Hifiman has really upgraded the sound stage experience. There is no doubt this is the most spacious Hifiman to date (excluding the HE1000). I’ve owned every Hifiman over ear except the 400i and I can safely say it is not only the most mid forward, but also the vastest sounding. It has a great center image presentation, which was always a problem for Hifiman in the past. In my opinion, at least, all past models had issues with imaging and required a crossfeed EQ to be enabled to obtain a more complete imaging experience, Hifiman was always kind of “stereo left, stereo right” to me, maybe I am in the minority on that?
The experience doesn’t extend far left and right, but what is now offered is an improved, more well formed imaging experience as a whole. To me, the original HE-series weren’t passable with stereo width factor, but now and on the HE400S I can consider it acceptable and enjoyable as well. Depth of field is noticeably improved over the HE400 and there is certainly a darker feel to the backdrop as well.
I actually thought the HE400S soundstage was well above average and not what I was expecting at all. It has got a great sense of airy spaciousness particularly in the midrange. Imaging, whilst not a huge strength, is certainly more three dimensional than the PM-3 from Oppo. Mike is correct this is not a left and right experience but there is, however, good width. Height and depth for me though are a bit more curtailed. The roll off on the sub bass limited any sense of real depth in the sound stage compared to the HE400i. The treble height, though much better, didn’t quite have that airy articulation you would find in say the HD600. That full sounding mid-bass response though keeps things rumbling along at an acceptable pace.
Matchability
This is the other big calling card and the reason for the “S” in the HE400S is sensitivity. It is by far Hifiman’s least demanding orthodynamic headphone in the market right now at 98db SNR and 22 ohms. This is built to play on just about any DAP and well-made smartphone. Whilst it still doesn’t quite lick the Oppo PM-3, which actually is even easier to drive at 102db, it is really not that far behind at all in day to day use.
Smartphones
By way of generic comparison, both of them jacked out of my BB Passport performed rather well but at slightly different gain levels. This is probably the weakest amp I have in my arsenal of amps. The PM-3 sat comfortably at around 8-8.5/10 on the Passport volume whilst the HE400S required a little more juice than the PM-3 to sound equally at home with a gain marker of 9.5/10. The very fact I can stick a Hifiman planar into a smartphone and get very good sound indeed is a far cry from the days of nuclear power plant shopping for the HE4-6 a few years back. However it’s still not the king of efficiency just yet. The PM-3 is still slightly ahead.
Efficiency is not everything
Having said all that I actually felt the HE400S sounded better on lower amping than the PM-3. I had remarked in my PM-3 review that the PM-3 response tends to sound a bit flatter on lower powered amps and compared to the HE400S it didn’t feel as dynamic or engaging. So whilst the PM-3 is the efficiency king it’s not the best sounding out of the two when voltage is at its weakest.
Overall though the HE400S has a bit more to offer with a higher quality amp. Though it runs great on a smartphone, a small portable amp, particularly ones with tubes, made a tangible difference. The humble but no less capable FiiO Q1, with its bass boost options, offered a more planted and weightier bass response for example. Those opting for a simple budget stack might well want to try that combo.
On the complete opposite end of the spectrum the CDM from ALO Audio and all that tube goodness yields a very smooth top end response than the budget amps could not offer. Personally I think that’s the law of diminishing returns right there and the HE400S paired with an E12, Q1, a Picollo up to say a VorzAmp Duo will have more than enough power and have a very nice tonal match also. You do not have to break the bank to get the HE400S singing.
HE400S Vs Oppo PM-3
This is the elephant in the room as far as I am concerned and they both overlap quite heavily in terms of pitch. Both are efficiency kings, with the PM-3 being slightly louder on weaker amps but sounding tonally weaker than the HE400S. However the PM-3 has a more premium build, is about 30g lighter and feels more robust. It is also an on ear headphone compared to the full size HE400S and as such you could term it as more portable.
The biggest difference for me though is quite simple. The PM-3 is a closed planar and the HE400S is an open planar and that brings a bit of chalk and cheese into the equation. The PM-3 is flatter and a bit more neutral sounding than the HE400S with a less forward midrange but a heavier and better defined bass response amped or otherwise. It also has a much smaller and intimate soundstage given that it’s a closed headphone. In turn, the open HE400S has an airier presentation, a better vocal presence and much more expansive midrange. Both are very comfortable actually but the slightly lower profile headband system of the PM-3 and thicker leather pads get my vote for short term listening outdoors. For longer indoor sessions the HE400S velour heats up a lot less and is definitely more comfortable.
Critically for many the PM-3 retails at $399 and the HE400S for $299. That $100 difference can get you a good IC and a FiiO Q1 or a FiiO X1 and you can rock out with the HE400S right away just like Mike.
Yet in all this I am not sure if you should be thinking PM-3 vs HE400S. Whilst the big ticket is the efficiency war the questions posed are the same old questions – Open or closed? On ear or over the ear? Great mids or better bass definition? I don’t think efficiency or planar should come into the equation if it is down to these two. If you are out and about grab a PM-3, if you are in the office or at home with a modest set-up grab a HE400S. You love vocals? Get the HE400S. You prefer isolation and thicker bass? Get the PM-3. The usual questions still apply.
Final Thoughts
I get a feeling of that’s all folks’ in terms of how far Hifiman can push the HE series both downwards in price and upwards in efficiency. There is only so many magnets you can loose in a planar before you simply have two empty cups and a string. The concept of the all new dynamic Edition S at $199 would seem to confirm that. These headphones are still in early development and will hopefully launch by the end of the year, but a date has not yet been set.
That being said I do not consider the HE400S to be a budget version of the HE400i or a correction on the older HE400. In fact it is priced just right at $299 for me personally and brings to the table a really easy to like sound that does very well indeed with vocals.
The fact it sounds great off my smartphone and reacts quite nicely to a small amount of portable amping is a huge bonus and compared to the PM-3 is seems a better performer on weaker amps. If you are the indoors type and want an open planar with limited amping this is a more solid choice than the PM-3 though far less portable in my mind and less suitable for those modern bass heavy genres, leave that to Oppo.
Hifiman made a good new headphone in the HE400S, but it doesn’t feel like it belongs in the family of the HE-series. It sounds thinner and much more smooth, more balanced and yummy with its lack of impact; no doubt it is unique. But, it just might be that uniqueness that gets Hifiman’s name out to the general consumers and public market outside of us nutty audiophiles. I really enjoyed this headphone and I think most users who are looking for a smoother sounding Planar will enjoy it as well. Thank you for the opportunity to review this headphone, Hifiman!
Price: $299
Links: http://www.hifiman.com/products/detail/238
Technical Specifications
Frequency Response : 20Hz – 35KHz
Sensitivity : 98dB
Impedance : 22 Ohms
Weight : 350g
Cable Length : 1.5 m
Plug : 3.5mm/6.35m