On June 26, Hesai-W fell 5.04% in regular trading, trading at 115.9 HKD/share, with turnover of 32.16 million HKD.

On the news front, market concerns over the company's Q1 earnings quality continue to intensify. The company previously disclosed that LiDAR shipment volume surged 140.9% year-over-year, while revenue grew only 29.6%, indicating a significant decline in average selling price per unit. This volume-price divergence has raised sustained doubts about profitability sustainability.

Additionally, since being included in Stock Connect on April 16, Hesai-W has accumulated a decline exceeding 30%, with short-selling ratios remaining elevated and concentrated near-term selling pressure. As a dual primary-listed stock on both Hong Kong and U.S. markets, cross-market capital diversion continues to weigh on Hong Kong-listed share liquidity. Multiple brokerages maintain buy ratings with target prices well above the current level, but market sentiment has yet to show meaningful recovery.

(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.)