ROBOSENSE (02498) surged over 5% in afternoon trading. As of press time, the stock was up 4.35% to HK$40.28, with turnover reaching HK$414 million.

On the news front, Hesai Group's official website shows that Hesai Group has launched a global offering of 17 million Class B shares, conducting a dual primary listing on the Hong Kong Stock Exchange under the code 2525. Analysts point out that Hesai Group's addition will work together with ROBOSENSE to build a more comprehensive industry valuation reference system. The Hong Kong LiDAR sector is set to undergo significant transformation.

Notably, UBS released a research report stating that ROBOSENSE's management maintains an optimistic outlook on the company's prospects. The company has recently secured important orders from BYD and Geely, which are expected to provide solid support for ADAS LiDAR business growth. In terms of robotics LiDAR business, the company is accelerating penetration into the autonomous mobile equipment sector and maintaining close cooperation with MAMMOTION and Ninebot. The group targets a gross margin of 30% by 2026, with a long-term gross margin target of 35%.

Based on the smooth progress in order acquisition, the firm has raised its 2026-27 earnings forecasts by 4%, upgrading the target price from HK$50 to HK$52.8 while maintaining a "Buy" rating.