HSHESAI@EC2608A

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

BOTZ

BOTT

HUMN

ARKQ

IBOT

02525

HSAI

ROBO

China's leading lidar manufacturers, Hesai Group and RoboSense Technology, are shifting focus to robotics, investing heavily to enhance their supply chain dominance. Hesai plans to invest 200 million yuan in robotics, aiming to unveil new technologies in April. RoboSense reported significant growth in its robotics segment, achieving its first quarterly profit. Both companies are capitalizing on China's position as a global leader in robotics, with the country accounting for over half of the world's industrial robots. Analysts highlight the importance of China's supply chain for the American robotics industry.

SCMP

Global X Robotics & Artificial

Themes Humanoid Robotics ETF

Roundhill Humanoid Robotics ETF

ARK Autonomous Tech & Robotics ETF

VanEck Robotics ETF

HESAI-W

Hesai

ROBO Global Robotics

China’s lidar giants pivot to robotics in boost supply chain dominance

RoboSense and Hesai, leading Chinese lidar manufacturers, reported significant growth in robot product sales in 2025. RoboSense's lidar sales surged 1,142% to 303,000 units, with revenue from robot lidars increasing 258% to CNY710 million. Hesai's ADAS lidar deliveries rose 203%, while its robotics sales grew 426%. Both companies are expanding production to meet demand, with RoboSense projecting sales of robot lidars to quadruple this year. The robotics sector is seen as a key growth area, with embodied intelligence expected to drive future market expansion.

Yicai

China's RoboSense, Hesai See Robot Lidar Sales Surge in 2025

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The research report from China Merchants Securities International indicates that Hesai-W's net profit attributable to the parent company at the end of last year was RMB 153 million, a year-on-year increase of 4.2%, but a quarter-on-quarter decrease of 40%. The company has raised its shipment expectations for 2026 to 3 to 3.5 million units, benefiting from FTX's blind spot radar and JT series orders. Although the gross margin is affected by the product mix, it remains resilient overall. The company's net profit expectations have been revised down by 22% and 29%. The "Overweight" rating is maintained, with the target price for H shares lowered to HKD 250

AASTOCKS

E Fund CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

HFT CSI Auto Components Thematic ETF

Ping An CSI Auto Components Thematic ETF

ChinaAMC CSI Auto Components Thematic ETF

CITIC Securities: HESAI-W's gross margin is affected by product mix disturbances but remains resilient overall. Target price lowered to 250 yuan

HAIL

The "non-consensus" future of LiDAR

- Hesai Technology reported a record revenue of 3.03 billion RMB for 2025, marking a 45.8% year-on-year increase and achieving GAAP profitability for the first time.  
- This performance has revitalized confidence in the LiDAR industry amidst ongoing debates about the necessity of LiDAR in intelligent driving against the backdrop of a significant drop in prices and competition from visual technology.  
- Despite the strong showing, the long-term future of LiDAR may be challenged by advancements in AI and autonomous driving systems that increasingly rely on computer vision, potentially diminishing the reliance on high-precision sensors like LiDAR.

Wallstreetcn

iShares US Industrials

ISHRS S&P Glb Indus

VG Industr

SPDR S&P Kensho Smart Mobility ETF

Spdr Select Indu

SPDR Factset Innov Tech

Robots "Feed" Hesai: Is Embodied Intelligence the Next Frontier for LiDAR?

FDRV

Bank of America Securities lowered the target price for Hesai to RMB 234 and reiterated a "Buy" rating. The report pointed out that Hesai's revenue in the fourth quarter of last year was below expectations, growing 39% year-on-year to RMB 1 billion, with a gross margin maintained at 41%. Net profit increased by 4% year-on-year but fell by 40% quarter-on-quarter. Hesai raised its shipment guidance for this year to 3 million to 3.5 million units, expecting the average selling price to decline, but gross margin to remain strong. The company plans to invest an additional RMB 200 million to accelerate the development of new businesses

Fidelity Electric Vehicles and Future Transportation ETF

"Big Banks" Bank of America Securities lowers Hesai's target price to 234 yuan, reiterates "Buy" rating

Citi lowered the target price for Hesai to 257.5 yuan and reduced its earnings forecast, despite the fact that its performance in the fourth quarter of last year met expectations. The market is focused on the revenue guidance for the first quarter of this year and the visibility of the recovery in AD radar demand. Citi maintains its shipment forecast but lowers the average selling price assumption for AD radar, expecting revenue to decline by 28% to 31% over the next two years. Gross margin forecasts have been raised, while net profit forecasts have been lowered by 32% to 33%

Citi lowered the target price for Hesai to 257.5 yuan and adjusted earnings forecasts, with quarterly results meeting expectations

Hesai's stock price fell 8%, currently reported at 164 yuan. The company announced its full-year performance for the year ending December last year, with net revenue nearing 3.028 billion yuan, a historical high, up 45.8% year-on-year. The full-year gross margin decreased to 41.8%, achieving a net profit of 436 million yuan. It is expected that net revenue in the first quarter of this year will be between 650 million and 700 million yuan, an increase of approximately 24% to 33% year-on-year

Hesai fell 8% after earnings, expecting net income for the first quarter of this year to be between 650 million and 700 million RMB

Hesai Group has granted 785,356 restricted share units (RSUs) to four directors and 70 employees under its 2021 equity plan. The RSUs, tied to a market price of HK$178.20 per share, will vest over three to four years, aligning incentives with long-term performance. Co-founders Yifan Li, Kai Sun, and Shaoqing Xiang received the largest grants of 157,000 RSUs each. This move aims to enhance governance stability and operational continuity, with a current analyst rating of Buy for the stock (HK:2525) and a price target of HK$234.00.

Tip Ranks

Hesai Group Grants 785,356 RSUs to Directors and Staff Under 2021 Equity Plan

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Overall GPM is expected to remain resilient in 2026. Resilience should hold through the year.

HSAI (4Q25 Trans): 2026 shipment guidance raised to 3.0–3.5 mn units---

OUST

OUSTW

FY26 shipment guidance raised sharply to 3.0-3.5 mn units

HSAI: Worried About ASP Collapse? 'Tesla Castoff' Goes for Volume---

Hesai Group shares are trading lower. The company reported Q4 financial results.

benzinga_article

Hesai Technology (NASDAQ: HSAI; HKEX: 2525) announced its 2025 financial report, with revenue of 3.028 billion yuan, a year-on-year increase of 45.8%, becoming the first company in the lidar industry to achieve full-year GAAP profitability. Operating profit was 168 million yuan, and net profit was 436 million yuan, both achieving profitability. Hesai delivered 1.62 million lidar units in 2025, capturing over 40% market share, firmly maintaining its industry leadership. It is expected that shipments will double in 2026 to 3 million - 3.5 million units. CEO Li Yifan stated that 2025 is a milestone year, with a broad outlook for the lidar market

腾讯新闻 - 财经

Hesai Annual Report Infographic: Revenue of 3 billion, becoming the first company in the LiDAR industry to achieve full-year GAAP profitability

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Hesai 4Q25 First Take: Results again showed high shipment growth driven by price compression. The company protected margins via solid cost control and issued upbeat 2026 shipment guidance. I. 4Q25 results: volumes up, prices down, profitability remained resilient 1) Revenue: RMB 1.0 bn, +39% YoY. This was at the low end of prior guidance (RMB 1.0–1.2 bn) and slightly below the RMB 1.08 bn consensus. Shipments: 631k units, +184% YoY, beating guidance (600k) and the 619k consensus. Growth was driven by robot LiDAR (80k units, above the 50k expected) and the continued ramp of ADAS LiDAR (550k units). ASP: RMB 1,557, down 51% YoY and 13% QoQ, well below the RMB 1,718 the market expected. This directly explains the revenue miss vs. consensus. Dolphin Research sees three main drivers of the faster ASP decline: a) Product mix shift: the low-priced 'thousand-yuan' ATX rose from 70% in Q3 to ~80% in Q4. It accelerated the replacement of the older AT128, which sells for multiples of that price. b) Proactive discounts: to defend share, the co. offered ATX discounts to key customers in Q4. This weighed on blended pricing. c) Robot mix: within robot shipments, the lower-priced JT series likely accounted for a higher share. This further dragged ASP. 2) Despite a sharp ASP decline, HSAI showed resilient profitability. Margin held up better than feared. GPM: 41.0%. This was above the 39.7% consensus and the company's 40% guide. We attribute this to scale benefits from higher volumes and ongoing cost downs from in-house ASICs, supply-chain optimization, and factory automation. These gains offset pricing pressure. 3) Net profit at the top end: GAAP net profit was RMB 150 mn, at the high end of guidance (RMB 70–170 mn). This was boosted by interest income and other gains (~RMB 120 mn). In Q4, HSAI received ~$6.4 mn (~RMB 45 mn) in IP arbitration compensation from Ouster. Excluding these items, core OP was ~RMB 40 mn (GP minus core Opex), slightly below the RMB 60 mn expected, mainly due to higher R&amp;D and S&amp;M QoQ. Overall, expense control remained disciplined. II. 2026 guidance: shipment targets raised materially Mgmt is upbeat on 2026, guiding well above prior market expectations. The tone signals confidence in volume growth. 2026 shipment guide: 3.0–3.5 mn units (+185%–216% YoY). This is a major step-up from the prior 2.0–3.0 mn range and is well above the 2.66 mn street. To support this, the co. plans to double annual capacity to 4.0 mn units from 2.0 mn in 2025. Q1 pricing likely stable to up: 2026 Q1 net revenue guidance is RMB 650–700 mn (+24%–33% YoY). Given Q1 is typically a seasonal trough for autos (about 12% of annual shipments historically), the midpoint of the full-year guide implies ~393k units in Q1. Back-solving implies a blended Q1 ASP of ~RMB 1,675, slightly above 4Q25's RMB 1,557. We think this reflects slower passenger-car LiDAR shipments in Q1 and a higher mix of higher-priced robot/industrial LiDAR. $Hesai(HSAI.US) $HESAI-W(02525.HK)

Hesai reported a GAAP net profit of 153 million yuan in Q4, achieving its first full-year profit of 436 million yuan. Lidar shipments tripled to 1.6 million units in 2022, with Q4 revenue growing 26% to 1 billion yuan. The gross margin was 41%. For Q1 2023, revenue is expected to decline by 30-35% due to weak domestic demand, while the 2026 lidar shipment target was raised to 3-3.5 million units.

Investing

Hesai reports first annual profit as lidar shipments triple

Hesai reported its first full-year profit in 2025, achieving a net income of 435.9 million yuan ($62.3 million) and a 223% increase in LiDAR shipments, totaling 1.6 million units. Revenue rose 45.8% to 3.028 billion yuan, despite a slight decline in gross margin to 41.8%. The company has secured design wins with China's top 10 automakers and is expanding into lower-priced vehicle markets. Hesai anticipates continued growth, projecting Q1 2026 revenues between 650 million and 700 million yuan and raising its 2026 shipment guidance to 3-3.5 million units.

CnEVPost

Hesai posts 1st full-year profit as LiDAR shipments triple

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Xiaomi HK SDR 2to1

Xiaomi Corporation

Pony AI

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BYD HK SDR 10to1

Financial Analysis

Ouster

Ouster A - CW25

Bloomage Biotech

A17U. hopefully wont put a dent to its share price even after money raised. positive news overall i guess.

For SingTel, I will add when there is more pullback.

Dacai

Although Singtel's stock plunged 5.4% due to a network outage, its performance has always been strong and it's still a quality stock. Buy!

Apple

Tiffany lover

OCBC Bank

Total asset size ranks among the top 2% of account holders
Calculated based on  your Longbridge (Singapore) A/C

Total Assets

Alibaba chip strategically important for China AI, but not a near term threat to NVIDIASK Hynix HBM push confirms strong AI demand bullish for Micron Technology, but Hynix stays aheadSingtel drop short term risk remains better to wait, but attractive on deeper dips for yield investors

Victor y

Total asset size ranks among the top 50% of account holders
Calculated based on  your Longbridge (Singapore) A/C

Commemorative

Hi guys ☕️ Big news: Alibaba dropping a new chip? SK Hynix goes all in on HBM. Apple teases a big one at WWDC. Singtel tanks 5.4%. CapLand Ascendas REIT goes big. Plus 6 earnings. What's catching your eye? 👇

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SingTel

Alps Active REIT ETF

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Invesco QQQ Trust

Proshares UltraPro QQQ

SPDR S&P 500

CapLand Ascendas REIT

Sarine Tech

Alibaba

BABA-W

WUXI BIO

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GameStop

SingTel 10

Singtel

BABA-WR

Alibaba HK SDR 5to1

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SENSETIME-WR

Crossamerica Partners LP

☕️ Daily Market Talk | March 24, 2026

Seriously, Singtel stop making my life hard. I need the connectivity. Can't believe they are so terrible. I am cancelling my plan with them and will short it!

I believe Alibaba is going to surprise the market with a major new chip product. 💪🏽It is also surprising that no one is talking about yesterday’s gold movement. Gold has never, in history, dropped 10% and then rebounded 10% in a day. The decline itself was the first of its kind in 40 years.

Singtel -5.4% on outage is a buying opportunity if you believe network reliability is fixable. Core business unchanged

Zijin Mining's drop over the past two days has been a bit absurd. Gold prices just plunged without warning. The A-share market can still hold up, but the Hong Kong market got hammered directly. Although investment banks are still talking it up, after this wave of volatility, I'm feeling a bit mentally drained. Even if the holdings in hand are based on conviction, they can't withstand the market being so turbulent. Hesai Technology just got included in the MSCI index and opened high, but then followed with an adjustment… Even positive news gets digested into volatility. The new energy and autonomous driving concepts are changing day by day now, and actual trading is getting more and more confusing. Kind of want to put the phone down and pretend nothing's happening to the account...

ZIJIN MINING

Zijin Mining

Tesla

Deep Research

The current market capitalization is still acceptable. If there are no more R&amp;D results, the market capitalization will continue to increase. Then it's a bit hard to say. Personally, I think Tesla's current price is still a bit overvalued.

TSLA at $1.5tn: priced for the future, or still undervalued as an AI crown jewel?

HSHESAI@EC2608A(26255.HK)

HSHESAI@EC2608A Stock Performance Chart

China’s lidar giants pivot to robotics in boost supply chain dominance

China's RoboSense, Hesai See Robot Lidar Sales Surge in 2025

CITIC Securities: HESAI-W's gross margin is affected by product mix disturbances but remains resilient overall. Target price lowered to 250 yuan

Robots "Feed" Hesai: Is Embodied Intelligence the Next Frontier for LiDAR?

"Big Banks" Bank of America Securities lowers Hesai's target price to 234 yuan, reiterates "Buy" rating