Core Insights - RoboSense reported a total revenue of approximately 407 million yuan for Q3 2025, with expectations for a significant increase in digital lidar sales in Q4, potentially achieving profitability for the first time in a single quarter [1] - The company achieved a total lidar sales volume of approximately 185,600 units in Q3, representing a year-on-year growth of 34.0% [1] - Sales in the robotics and other sectors surged, with Q3 sales reaching 35,500 units, a remarkable year-on-year increase of 393.1% [2] - Revenue from robotics and other lidar products was approximately 142 million yuan, contributing to a continuous quarter-on-quarter increase for three consecutive quarters, with a substantial year-on-year growth of 157.80% [1] - Overseas revenue more than doubled year-on-year, confirming the company's potential for profitability in high-value markets [1] Industry Positioning - In the automotive sector, RoboSense has secured contracts with 12 overseas and joint venture brands, including Audi, Volkswagen, and Toyota, with an order scale exceeding one million units [2] - The company has established partnerships with 32 automotive manufacturers and 144 Tier 1 models, achieving mass production of its long-range lidar EM4 in high-end models such as Zeekr 9X and IM LS9 [2] - In the Robotaxi sector, RoboSense has partnered with Didi Autonomous Driving for a new generation of Robotaxi models, utilizing a combination of 10 digital lidar units, which is expected to become a core configuration in the industry [2] - The strong Q3 performance sets a solid foundation for RoboSense's Q4 and long-term growth, supported by its leading digital product portfolio and scalable deployment across multiple scenarios [2]

Core Insights - RoboSense achieved total revenue of approximately 407 million yuan in Q3 2025, with expectations for a significant increase in digital lidar sales in Q4, potentially leading to the company's first quarterly profit [1] - The company delivered over 120,000 digital lidar units in October, marking a new milestone and accelerating the path to profitability [1] Group 1: Financial Performance - Total lidar sales for the quarter reached approximately 185,600 units, representing a year-on-year growth of 34.0% [1] - Sales in the robotics and other sectors saw a substantial increase, with Q3 sales of 35,500 units, up 393.1% year-on-year [1] - Revenue from robotics and other lidar products was approximately 142 million yuan, contributing to total revenue with a significant year-on-year increase of 157.80% [1] Group 2: Market Position and Partnerships - In the automotive sector, RoboSense has secured contracts with 12 overseas and joint venture brands, including Audi, Volkswagen, and Toyota, with order volumes exceeding one million units [2] - The company has established partnerships with 32 automotive manufacturers and 144 Tier 1 models, solidifying its leading position in the pre-installation market [2] - RoboSense's collaboration with Didi Autonomous Driving for a new generation of Robotaxi models will utilize a combination of 10 digital lidar units, indicating a shift towards advanced configurations in the industry [2] Group 3: Future Outlook - The strong Q3 performance sets a solid foundation for Q4 and long-term growth, supported by a leading digital product portfolio and scalable deployment across multiple scenarios [2]

今年是RoboSense从激光雷达向机器人技术平台公司拓展的关键一年。根据本公告所述，公司的路径很 清晰：车载业务提供规模化优势和技术底座，机器人业务贡献高增长，Robotaxi业务打开长期想像空 间。未来，公司会继续聚焦芯片、算法、数字化架构，成为「全球领先的机器人技术平台公司」。 格隆汇11月25日丨速腾聚创(02498.HK)公布截至2025年9月30日止九个月的未经审核财务业绩。于2025 年第三季度，总收入为人民币4.07亿元，较2024年同期的人民币4.08亿元轻微减少0.2%。于2025年第三 季度，净亏损为人民币1亿元，较2024年同期的净亏损人民币8320万元增加20.2%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 截至2025年9月30日止九個月的財務亮點 ROBOSENSE TECHNOLOGY CO., LTD （於開曼群島註冊成立的有限公司） 速騰聚創科技有限公司 （股份代號：2498） 截至2025年9月30日止九個月的未經審核財務業績公告 本公告由董事會自願公佈。本公司欣然公佈本集團截至2025年9月30日止九個月的未經審核財 務業績。本集團截至2025年9月30日止九個月的中期簡明合併財務報表（「中期財務資料」）已由 本公司根據國際會計準則第34號「中期財務報告」編製。中期財務資料未經審核，惟已由本公 司獨立核數師羅兵咸永道會計師事務所根據國際審計與鑒證準則理事會頒佈的國際審閱委聘 準則第2410號「由實體的獨立核數師執行中期財務資料審閱」進行審閱。中期業績亦已由審核 委員會審閱。該等中期業績乃摘錄自中期財務資料。 截至2025年9月30日止九個月的運營亮點及近期發展 1 • 截至2025年9月30日 ...

Market Performance - The Hong Kong stock market continued its rebound with various indices experiencing two consecutive days of gains, with the Hang Seng Index closing at 25,894.55 points, up 178.05 points, a rise of 0.69% [1] - The Hang Seng Tech Index closed at 5,612.03 points, increasing by 66.47 points, a gain of 1.20% [2] Sector Highlights - The hardware equipment sector led the market, with Hesai Technology (HK02525) surging over 13% following the announcement of its self-developed RISC-V lidar main control chip, Fermi C500, during its 2025 Technology Open Day [4] - Another lidar company, RoboSense (HK02498), saw a slight increase of 1% after announcing a partnership with Didi Autonomous Driving for a new generation of Robotaxi models equipped with 10 lidar units each [4] Other Notable Stocks - Tech stocks generally performed well, with Bilibili rising over 5%, Baidu and Xiaomi increasing by over 4%, Kuaishou up over 3%, and Alibaba gaining over 2% [6] - The metals sector also saw significant gains, with Tianqi Lithium rising over 4%, and insurance stocks generally performed well, with China Pacific Insurance increasing over 3% [6] Capital Flow - As of the market close, southbound funds recorded a net purchase of over 11.1 billion HKD in Hong Kong stocks [7] Market Outlook - Huatai Securities anticipates that the year-end unlock wave will exert technical selling pressure on the market, but expects significant inflows of southbound funds in early next year due to reallocation and seasonal market activity [9] - Haitong International believes that the Hong Kong market will continue to see inflows of incremental capital and gather quality assets, with a new upward cycle led by AI applications [9] - Longjiang Securities notes that concerns over the AI industry trends and uncertain Fed rate cut expectations may lead to a temporary tightening of liquidity, impacting the Hong Kong market more due to its offshore nature [10]

Core Insights - RoboSense has partnered with Didi Autonomous Driving to develop a next-generation Robotaxi model, utilizing its advanced digital lidar solutions for comprehensive perception capabilities [1][2] Group 1: Partnership and Collaboration - RoboSense will provide Didi Autonomous Driving with its EM4 and E1 lidar systems, enabling "long-distance precise identification + near-field blind spot elimination" for the Robotaxi [1] - The collaboration aims to enhance the safety and efficiency of autonomous driving through advanced perception technology [1] Group 2: Technology and Product Features - The EM4 lidar is noted for having the highest production line count and strongest ranging capability in the industry, allowing for accurate detection of distant small obstacles [2] - The E1 lidar features a 120°×90° ultra-wide field of view, effectively eliminating near-field blind spots, making it the preferred solution for Robotaxi applications [2] Group 3: Market Position and Clientele - RoboSense has established partnerships with over 90% of leading Level 4 (L4) autonomous vehicle companies globally, indicating a strong market presence [2] - The EM4 and E1 systems have been selected by multiple top-tier Robotaxi clients in North America and China, with plans to expand their operational fleets by the end of the year [2]

Core Insights - RoboSense has partnered with Didi Autonomous Driving to develop a new generation of Robotaxi models, utilizing advanced digital lidar technology for enhanced perception capabilities [1] Group 1: Partnership and Technology - RoboSense will provide Didi Autonomous Driving with its EM4 and E1 lidar systems, enabling comprehensive perception through "long-distance precise identification + near-field blind spot elimination" [1] - The main configuration for the new Robotaxi perception solution consists of "4 EM4 and 4 to 6 E1 units," showcasing the industry's only mass-producible high-performance lidar technology [1] Group 2: Product Features and Market Position - The EM4 is recognized as the highest production line count and strongest ranging digital lidar in the industry, capable of accurately identifying small obstacles at a distance, thus providing vehicles with more reaction time [2] - The E1, a solid-state blind spot lidar, features a 120°×90° ultra-wide field of view, effectively eliminating near-field blind spots and becoming the preferred solution for Robotaxi deployment [2] - RoboSense has established partnerships with over 90% of leading Level 4 (L4) companies globally, with plans to expand the operational fleet of its North American Robotaxi and Robotruck clients by the end of the year [2]

Core Viewpoint - SUTENG JUCHUANG (02498) has seen a stock price increase of over 5%, currently trading at 32.42 HKD, with a transaction volume of 99.86 million HKD, following the announcement of a partnership with Didi Autonomous Driving for a new generation of Robotaxi models [1] Group 1: Partnership Details - SUTENG JUCHUANG and Didi Autonomous Driving have established a targeted collaboration for the next-generation Robotaxi models [1] - The partnership will utilize SUTENG JUCHUANG's unique mass-producible ultra-high line count digital main lidar EM4 and all-solid-state blind spot compensation digital lidar E1 to provide a digital lidar perception solution for Didi's Robotaxi [1] - The collaboration features a combination of 10 digital lidars on a single vehicle, aiming to create a new benchmark model for autonomous driving with comprehensive operational capabilities in all weather and time conditions [1]

Core Viewpoint - Sutech JuChuang (02498) has seen a stock price increase of over 5%, currently trading at 32.42 HKD, following the announcement of a partnership with Didi Autonomous Driving for a new generation of Robotaxi models [1] Group 1: Company Developments - Sutech JuChuang has announced a strategic partnership with Didi Autonomous Driving to develop a new generation of Robotaxi vehicles [1] - The company will provide its unique mass-producible ultra-high line count digital main lidar EM4 and all-solid-state blind spot digital lidar E1 for Didi's Robotaxi models [1] - The collaboration aims to achieve comprehensive perception capabilities through a combination of 10 digital laser radars on a single vehicle, enhancing both long-range precision recognition and near-range blind spot elimination [1] Group 2: Industry Impact - The partnership is expected to set a new benchmark for autonomous driving vehicles, focusing on all-time, all-weather operational capabilities [1]

Core Insights - RoboSense has launched the AC2, the industry's first integrated super sensor system that enables high-precision, wide-range perception for robots in all scenarios [1] - The company has evolved from a single hardware manufacturer to a comprehensive AI robotics ecosystem provider, showcasing the "Shenzhen speed" in its growth trajectory [1] Company Development - RoboSense was founded in 2014 by Qiu Chunxin, who identified limitations in traditional cameras for outdoor mobile robots and aimed to develop a higher-performance perception system [2] - The company adopted a dual development strategy of "AI software-perception algorithms" and "hardware-sensors," enabling it to provide system-level solutions from its early days [2] - In 2016, RoboSense launched its first 16-line mechanical LiDAR, achieving mass production in 2017, which supported advancements in both autonomous driving and robotics [2] Technological Advancements - RoboSense developed the world's first automotive-grade MEMS solid-state LiDAR, the M1, which achieved mass production in June 2021, filling a significant market gap [3] - The company has a high production capacity, delivering one LiDAR every 12 seconds, which has attracted major automotive clients [4] Market Position - As of January 2024, RoboSense became the first global LiDAR company to be listed on the Hong Kong Stock Exchange, with over 880,000 LiDAR units delivered and partnerships with 28 automotive companies [4] - RoboSense's vision extends beyond automotive applications, aiming to become a leading global robotics technology platform [4] Robotics Applications - Since 2017, RoboSense has provided LiDAR and algorithm support for various robotic applications, including unmanned delivery and inspection [5] - The company has collaborated with Alibaba's Cainiao to launch unmanned logistics vehicles and has served over 3,200 robotic clients across multiple sectors [5] Strategic Shift - On January 5, 2024, RoboSense announced its AI robotics strategy, introducing AI infrastructure and new products, marking a transition from a LiDAR supplier to an AI robotics technology platform [6][7] - The release of the Active Camera and the upgraded AC2 super sensor system signifies the company's commitment to reducing development barriers for robotics and enhancing intelligent capabilities [7]