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HESAI-W Opens 8.2% Lower; 1Q Swings to Profit of RMB18.315M; Citi Cuts TP
HESAI-W (02525.HK) opened sharply lower by 8.15% this morning (20th) at HKD160, with 72,600 shares traded pre-market, involving HKD11.6201 million. Hesai Group (HSAI.US) tumbled 9%...
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HESAI-W Opens 8.2% Lower; 1Q Swings to Profit of RMB18.315M; Citi Cuts TP
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HESAI-W (02525.HK)  +7.600 (+4.771%)    Short selling $39.07M; Ratio 17.516%   opened sharply lower by 8.15% this morning (20th) at HKD160, with 72,600 shares traded pre-market, involving HKD11.6201 million. Hesai Group (HSAI.US)      tumbled 9% overnight in the US, closing at USD20.03.

After market close yesterday (19th), the company announced its results for 1Q26 ended March. Revenue grew 29.6% YoY to RMB681 million. Gross margin narrowed 2.6 ppts YoY to 39.1%. The company swung to a profit of RMB18.315 million, with EPS of RMB0.12. Under non-GAAP measures, quarterly net profit spiked 4.53x YoY to RMB47.748 million, with non-GAAP EPS of RMB0.31.

Related News BOCOM International: HESAI-W (02525.HK) 1Q26 Shipments Exceed Upper-End Guidance, Maintains Buy on Long-term Growth Potential
Citi said in a report that Hesai's core operating profit for 1Q was well above forecast. Revenue for 1Q lifted 30% YoY to RMB681 million, 3% above consensus. Core net profit for 1Q also beat significantly. However, blended ASP faded 9% QoQ in 1Q, below expectations. As EV industry shipments in 2Q may be weaker than expected, the broker revised its revenue and net profit forecasts to more conservative levels and cut its TP from HKD257.5 to HKD223.3, while maintaining a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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