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Real-time News
On August 18th, Hesai Technology (02525.HK) announced its unaudited financial results for the second quarter ended June 30, 2026. Net revenue was RMB 861 million, an increase of 21.9% compared to RMB 706 million in the same period of 2025; net profit was RMB 70.6 million, an increase of 60.0% year-on-year. Total LiDAR shipments in the second quarter reached 628,300 units, an increase of 78.4% compared to 352,100 units in the same period of 2025. Among them, ADAS LiDAR shipments reached 485,900 units, an increase of 60.1% year-on-year; and robotic LiDAR shipments reached 142,400 units, an increase of 193.4% year-on-year. Net revenue for the third quarter is expected to be between RMB 1.1 billion and RMB 1.15 billion.According to Futures News on August 18th, the increased tax burden on a mainstream pure electric vehicle is only a few hundred to a thousand yuan, based on the current competitive landscape. Compared to the promotional benefits offered by automakers, which often amount to thousands or even tens of thousands of yuan, this amount is insufficient to change pricing alone. More importantly, the current new energy vehicle market is seeing a dense concentration of alternative models, and consumers are highly price-sensitive. Any automaker that publicly raises prices first could sacrifice sales volume and market share. Recently, domestic automakers have been offering discounts of several thousand to tens of thousands of yuan through cash subsidies, trade-in benefits, and financing schemes. Therefore, this cost is more likely to be absorbed by automakers through reducing per-vehicle profits, annual cost reductions, renegotiating the prices of other components, and adjusting marketing expenses. The final result may be that battery prices have increased, and overall vehicle costs have also risen, but the official guide price and terminal transaction price have not seen a general increase directly caused by the consumption tax.According to Hong Kong Stock Exchange filings, HSBC Holdings (00005.HK) spent HK$13.1 million to repurchase 850,000 shares on August 17.A Reuters poll of 13 economists showed that the Hungarian central bank expects to cut its benchmark interest rate by 25 basis points to 5.5% on August 25. The median analyst forecast suggests that the Hungarian benchmark rate will fall to 5.0% by the end of 2026 (the same as the July forecast).According to data from the National Development and Reform Commissions Price Monitoring Center and Zhuochuang Information, as of the week ending August 12, the national egg-to-feed price ratio was 3.46, a 2.67% increase week-on-week. Based on current prices and costs, the profit per laying hen is projected to be 42.50 yuan. Egg prices continued to rise this week due to increased culling of older hens, tightening supply of large-sized eggs, and downstream food companies gradually starting their Mid-Autumn Festival stockpiling. Increased purchasing activity from traders also contributed to the strong market performance and steady price increases. Currently, it is the traditional peak season for demand. With the weather turning cooler after the start of autumn, traders purchasing intentions are increasing, and with schools reopening next week and canteens gradually starting their stockpiling, egg demand is trending positively. Egg prices are expected to maintain an upward trend next week.
