Movement Alert|Hesai-W Falls 5.05% in Regular Trading, Q1 Earnings Quality Concerns Continue to Weigh Amid Broad Sector Weakness

Market Focus06-10

On June 10, Hesai-W fell 5.05% in regular trading, trading at 141.3 HKD/share, with trading volume of 65.90 million HKD. The decline extends a pattern of weakness as market concerns over Q1 earnings quality continue to ferment, compounded by pronounced sector-wide selling pressure.

Despite Q1 LiDAR shipments surging 140.9% year-over-year to 471,723 units, revenue grew only 29.6% to 681 million yuan, implying a significant decline in average selling prices. GAAP net profit came in at a modest 18 million yuan, intensifying doubts over profit sustainability amid aggressive volume expansion. The Auto Parts and Equipment sector is under heavy pressure, with peer SEYOND plunging 26.18%, Minth Group falling 7.91%, Johnson Electric Holdings declining 7.60%, and Fuyao Glass dropping 4.52%.

While the company has secured strategic partnerships including Mercedes-Benz L3 supply and launched the breakthrough Picasso SPAD-SoC chip, and maintains multiple broker Buy ratings with Morgan Stanley forecasting full-year revenue of 4.2-4.6 billion yuan, short-term financial data pressure and sector-wide risk-off sentiment continue to dominate trading.

(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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