On August 31, HESAI-W fell 5.01% in regular trading to HK$16.48, with turnover of approximately HK$52.89 million.

The decline reflects ongoing market digestion of the company's Q2 earnings released on August 18. While GAAP net profit rose 60% year-over-year to RMB 70.55 million and the company achieved its fifth consecutive quarter of profitability, gross margin contracted from 42.5% to 40.1%. More critically, operating profit plunged 90.4% year-over-year to just RMB 2.195 million, as the strategic growth initiative segment posted an operating loss of RMB 64.04 million that nearly offset the core LiDAR business profit of RMB 66.24 million. Q3 revenue guidance of RMB 1.1–1.15 billion also came in below the FactSet consensus estimate of RMB 1.17 billion.

Sector headwinds compounded the pressure. Within the Auto Parts & Equipment sector, Minth Group fell 4.84%, CALB declined 4.46%, and Fuyao Glass dropped 2.35%, reflecting broad-based selling across the industry.

(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.)