On June 29, Hesai-W rose 5.05% in regular trading, trading at 120.5 HKD/share, with turnover of 126 million HKD.

On the news front, the company held its annual general meeting on June 26, where shareholders approved a 1-for-8 stock split proposal and authorized directors to repurchase up to 10% of issued shares (approximately 15.71 million shares), funded by internal resources. The split aims to improve Hong Kong-listed share liquidity, while the buyback is designed to enhance earnings per share and optimize capital structure.

Since its inclusion in Stock Connect in April, the stock had accumulated a decline exceeding 30%, with consecutive drops of approximately 5% over the two prior trading days creating concentrated oversold rebound demand. Multiple brokerages maintain Buy ratings with target prices ranging from 217 to 270 HKD, representing significant deviation from the current price level and attracting capital inflows.

(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.)