Hesai-W Maintains "Strong Buy" Rating with HK$249.39 Target Price, Says Huachuang Securities

Deep News

May 26

Huachuang Securities has issued a research report maintaining a "Strong Buy" rating on Hesai-W (02525) with a target price of HK$249.39.

The report cites Hesai-W's Q1 2026 results, which showed revenue of RMB 681 million and net profit of RMB 18 million. Based on the company's new business growth plans, Huachuang forecasts the following for 2026-2028: 1) Revenue of RMB 4.275 billion, RMB 5.669 billion, and RMB 7.409 billion (previous estimates: RMB 4.273B, RMB 5.635B, RMB 7.186B), representing year-over-year growth of +41%, +33%, and +31% respectively. 2) Net profit of RMB 501 million, RMB 820 million, and RMB 1.162 billion (previous estimates: RMB 510M, RMB 817M, RMB 1.131B), representing year-over-year growth of +15%, +64%, and +42% respectively. 3) Applying an 8x price-to-sales (P/S) ratio for 2026 implies a target market capitalization of RMB 34.2 billion, translating to the HK$249.39 target price.

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Based on the company's new business growth plans, Huachuang forecasts the following for 2026-2028:\n1) Revenue of RMB 4.275 billion, RMB 5.669 billion, and RMB 7.409 billion (previous estimates: RMB 4.273B, RMB 5.635B, RMB 7.186B), representing year-over-year growth of +41%, +33%, and +31% respectively.\n2) Net profit of RMB 501 million, RMB 820 million, and RMB 1.162 billion (previous estimates: RMB 510M, RMB 817M, RMB 1.131B), representing year-over-year growth of +15%, +64%, and +42% respectively.\n3) Applying an 8x price-to-sales (P/S) ratio for 2026 implies a target market capitalization of RMB 34.2 billion, translating to the HK$249.39 target price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSAI","symbol_name":"禾赛","start_time":0,"source_url":"","article_id":"1163327529","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163327529","pubTimestamp":1779780064,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Huachuang Securities has issued a research report maintaining a \"Strong Buy\" rating on Hesai-W (02525) with a target price of HK$249.39. The report cites Hesai-W's Q1 2026 results, which showed...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSAI":"禾赛","02525":"禾赛-W","BK1144":"机动车零配件与设备"},"translate_title":"华创证券称禾赛-W维持“强力买入”评级目标价249.39港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSAI":1,"02525":1},"content_text":"Huachuang Securities has issued a research report maintaining a \"Strong Buy\" rating on Hesai-W (02525) with a target price of HK$249.39.\nThe report cites Hesai-W's Q1 2026 results, which showed revenue of RMB 681 million and net profit of RMB 18 million. 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