Today’s 10 Worst-Performing Stocks

4. Hesai Group Inc. (NASDAQ:HSAI)

Hesai Group declined by 6.35 percent on Wednesday to finish at $22.55 apiece, with the company not spared from a noticeable sell-off in Chinese stocks amid the ongoing trade tensions globally despite the company’s impressive earnings performance last year.

In its latest earnings release, HSAI said it swung to a net income of RMB147 million from a RMB140.9 million net loss in the same period a year earlier, as revenues grew 28 percent to RMB719.8 million from RMB561.2 million.

Meanwhile, it was able to narrow its net loss for the full year by 78.5 percent to $102.4 million from $476 million, as revenues increased by 10.7 percent to $2.077 billion from $1.878 billion.

For this year, HSAI CFO Andrew Fan said that the company is set for an exceptional 2025, with revenues expected to settle between RMB3 billion and RMB3.5 billion.

“This explosive growth not only sets the stage for unstoppable momentum but also reinforces our path to long-term industry leadership,” he said.