异动解读 | 禾赛科技股价盘中大跌12.51%，小米汽车爆款或引发市场担忧

异动解读

Jun 27, 2025

禾赛科技（HSAI）今日盘中股价大跌12.51%，引发市场广泛关注。这一显著跌幅与前一交易日该股大涨19.26%形成鲜明对比，股价波动剧烈。

消息面上，小米集团于本周四晚间正式发布其首款SUV汽车小米YU7，开售三分钟内大定突破20万台，远超市场预期。作为小米汽车的重要供应商，禾赛科技为小米SU7的Pro和Max版本提供了AT128激光雷达，同时YU7也宣布标配禾赛激光雷达。小米汽车的强劲表现本应利好禾赛科技，然而市场反应却出现反转。

分析人士指出，禾赛科技股价大跌可能有多重原因。首先，在经历了前一交易日的大幅上涨后，部分投资者选择获利了结。其次，小米汽车的成功进入可能加剧市场竞争，投资者担心这将影响禾赛科技的市场份额和未来增长前景。此外，汽车科技市场格局的潜在变化也可能引发了投资者的谨慎情绪。

值得注意的是，禾赛科技在2025年第一季度实现营收5.3亿元，同比增长46.3%，并预计全年营收将同比增长44%至69%。公司还预计2025年激光雷达交付量将达到120万至150万台。尽管如此，市场似乎更关注短期内可能面临的挑战。投资者应密切关注公司后续公告和行业动态，以评估禾赛科技在竞争加剧的市场中的长期发展前景。

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