On June 11, Hesai-W declined 5.13% in regular trading, trading at 136.7 HKD/share, with trading volume of approximately 90.9 million HKD.
The decline was primarily driven by continued market concerns over the company's Q1 earnings quality. Despite LiDAR shipment volume surging 140.9% year-over-year, revenue grew only 29.6%, indicating a significant drop in average selling price. This volume-price divergence has raised persistent questions about the sustainability of the company's profitability trajectory.
Sector-wide weakness compounded the pressure. Within the Auto Parts and Equipment sector, peer stocks fell sharply, with Seyond dropping 13.77%, Minieye down 6.85%, Johnson Electric Holdings declining 4.26%, Fuyao Glass losing 3.51%, and Minth Group falling 2.55%, reflecting broad industry sell-off dynamics that amplified individual stock corrections.
Despite multiple buy ratings from brokerages including Morgan Stanley maintaining an Overweight rating with a $30 target on the US-listed shares, and strategic wins such as the Mercedes-Benz L3 autonomous driving supplier designation, near-term financial data pressure continues to dominate market sentiment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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