On November 11, HESAI-W rose 10.1% intraday in regular trading, with the stock trading at HK$16.37.

The clearest catalyst is the company’s latest quarterly results released on November 10, which showed continued revenue growth, higher LiDAR shipments, and positive fourth-quarter revenue guidance.

For the third quarter, net revenue rose 34.3% year over year to RMB1.068 billion, while total LiDAR shipments increased 65.3% to 729,673 units, including ADAS LiDAR shipments up 67.6% to 638,055 units. The company reported GAAP net profit of RMB80.8 million, gross margin of 41.0%, and cash reserves of RMB6.977 billion. It also guided fourth-quarter revenue to RMB1.10 billion to RMB1.15 billion and maintained full-year strategic growth business revenue guidance of RMB200 million to RMB300 million. Additional details showed strategic growth business revenue reached about RMB90.5 million in the quarter, while robot actuator module shipments rose 96.8% sequentially.

(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.)