On June 8, Hesai-W declined 6.47% in regular trading, trading at HK$147.4/share, with trading volume of HK$46.73 million.
The selloff reflects ongoing market concerns over the company's Q1 earnings quality. Despite LiDAR shipments surging 140.9% year-over-year, revenue grew only 29.6%, indicating a significant decline in average selling price (ASP). Gross margin contracted from 41.7% to 39.1% year-over-year, while adjusted net profit plunged over 88% quarter-over-quarter from the prior quarter's peak, raising doubts about the sustainability of its profitability model.
Adding to the downward pressure, the Auto Parts & Equipment sector broadly weakened. Johnson Electric Holdings fell 3.57%, Minth Group declined 3.27%, and Pateo dropped 2.87%, with sector-wide selling amplifying the stock's correction. Although the company recently secured strategic orders including a 200,000-unit exclusive LiDAR contract and maintained buy ratings from multiple brokerages including Goldman Sachs with a HK$273 target price, near-term earnings 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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