On June 30, Hesai-W rose 6.58% in regular trading, trading at 126.5 HKD/share, with turnover of 36.20 million HKD. The rally was driven by the company's annual general meeting held on June 26, which approved a 1-for-8 stock split and authorized directors to repurchase up to 10% of issued shares, aimed at improving Hong Kong-listed stock liquidity and enhancing earnings per share.

Under the split proposal, each share with a par value of USD 0.0001 will be subdivided into eight shares with a par value of USD 0.0000125, with the board lot size adjusted from 20 to 100 shares post-split. The buyback authorization covers up to 15,714,221 shares funded by internal resources. Multiple brokerages maintain Buy ratings with target prices ranging from 217 to 269 HKD, representing significant upside from current levels.

Additionally, the stock had declined over 30% since being included in Stock Connect in April, with consecutive drops of approximately 5% in the two trading sessions prior, triggering concentrated demand for an oversold rebound.

(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.)