On July 29, HESAI-W-NEW rose 5.15% in regular trading, trading at HK$16.38/share, with turnover of HK$18.92 million.
On the news front, the stock recently received inclusion into the Shenzhen-Hong Kong Stock Connect eligible securities list, while the board has scheduled a meeting on August 18 to review and release Q2 and interim results, with management hosting an earnings call the same evening. Multiple positive catalysts are converging to drive the stock's rebound.
On the fundamental side, the company reported Q1 revenue of RMB 681 million, up 29.6% year-over-year, with shipments reaching 472,000 units, surging 140.9% year-over-year. The company has secured a Mercedes-Benz L3 model design win and standard-equipped orders across multiple models including Li Auto L8. The market holds elevated expectations for Q2 performance given the strong operational momentum.
(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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