Movement Alert｜HESAI-W Intraday Decline 5.13% in Regular Trading, Shipment and Revenue Assumptions Cut on Softer Auto Demand

Market Focus11-03

On November 3, HESAI-W recorded an Intraday Decline of 5.13% in Regular Trading, trading at HK$11.85 with turnover of HK$49.99 million.

The clearest catalyst was a recent analyst model revision tied to slowing end-market auto demand in China, which lowered assumptions for the company’s ADAS lidar shipments and reduced near-term financial forecasts.

According to recent market reports, an institution cut its revenue forecasts for HESAI-W for 2026 through 2028 by 16% to 30% to RMB3.7 billion, RMB4.8 billion and RMB5.7 billion, while non-GAAP net profit forecasts were reduced by 27% to 37% to RMB417 million, RMB772 million and RMB1.024 billion. Another report said the same broker maintained a Buy rating but lowered its US target price by 14% to US$25.2 from US$29.3, while still viewing strategic growth initiatives as a potential future catalyst. The company is scheduled to review third-quarter results on November 10.

(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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