This is a purely mechanical corporate action with no economic impact. Monitor the company's next operational or financial disclosures for material catalysts; the subdivision itself is not a trading signal.
Price Chart
Executive Summary
Hesai Group's 1-to-8 share subdivision and corresponding ADS ratio change became effective on July 10, 2026. The subdivision and ADS ratio change are mechanically proportional, resulting in no new ADSs issued and no change to the total number of outstanding ADSs. This is a purely administrative corporate action with no fundamental business or financial impact.
Key Facts
- Share subdivision of 1-to-8 became effective on July 10, 2026, for both Class A and Class B ordinary shares.
- Authorized share capital is now US$100,000 divided into 8,000,000,000 ordinary shares at par value US$0.0000125 each.
- ADS ratio changed from 1:1 to 1:8 (each ADS now represents 8 Class B ordinary shares), proportionate to the subdivision.
- No new ADSs were issued; total outstanding ADSs remain unchanged.
- Outstanding share options (61,736,256 subdivided shares) and RSUs (17,494,824 subdivided shares) were adjusted pro-rata.
- Board lot size on HKEX changed from 20 existing to 100 subdivided Class B ordinary shares.
Financial Impact
No financial impact — the subdivision and ADS ratio change are mechanically proportional, with no change to total outstanding ADSs or shareholder value.
Risk Factors
- No material risks from this administrative filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (HSAI) — Batch item 1 | 0001104659-26-082435 |
| Document: tm2620203d2_6k.htm | 0001104659-26-082432 |
| Document: 0001104659-26-082435-index-headers.html | 0001104659-26-082435 |
| Document: 0001104659-26-082435-index.html | 0001104659-26-082435 |
| Document: 0001104659-26-082435.txt | 0001104659-26-082435 |
| 6-K Filing (HSAI) — Batch item 6 | 0001104659-26-082432 |
| Document: 0001104659-26-082432-index-headers.html | 0001104659-26-082435 |
| Document: 0001104659-26-082432-index.html | 0001104659-26-082435 |
| Document: 0001104659-26-082432.txt | 0001104659-26-082435 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 6-K | $13.99 | awaiting T+5 | — | $13.24 (−5.36%) |
Sep 22, 2026 4w ago | Institutional Cluster | $17.10 $15.52 | ▲ +9.24% | ▲ +8.05% | $13.24 (+22.57%) |
Sep 17, 2026 5w ago | 6-K | $16.92 $16.37 | ▼ −3.22% | ▼ −3.82% | $13.24 (−21.73%) |
Aug 28, 2026 8w ago | 6-K | $17.42 $18.89 | ▲ +8.44% | ▲ +8.33% | $13.24 (−24.00%) |
Aug 18, 2026 10w ago | 6-K | $17.11 $18.30 | ▲ +6.96% | ▲ +7.16% | $13.24 (−22.62%) |
Aug 18, 2026 10w ago | Press Release | $17.11 $18.30 | ▲ +6.96% | ▲ +7.16% | $13.24 (−22.62%) |
Jul 31, 2026 12w ago | 6-K | $16.90 $19.22 | ▲ +13.73% | ▲ +10.22% | $13.24 (−21.66%) |
Jul 27, 2026 13w ago | 6-K | $15.43 $16.90 | ▲ +9.53% | ▲ +8.45% | $13.24 (−14.19%) |
Jul 27, 2026 13w ago | Press Release | $15.43 $16.90 | ▲ +9.53% | ▲ +8.45% | $13.24 (−14.19%) |
Jul 10, 2026 15w ago | 6-K | $16.16 $15.65 | ▼ −3.16% | ▼ −2.60% | $13.24 (−18.07%) |
US Market Status
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