Group 1: Market Reactions and Economic Data - The Hong Kong stock market showed a strong rebound, with the Hang Seng Index rising by 2.42% [1] - The U.S. government shutdown continues, leading to increased public dissatisfaction, highlighted by a nationwide protest involving approximately 7 million participants [1] - China's economic data for the first three quarters of 2025 shows a GDP of 10,150.36 billion yuan, with a year-on-year growth of 5.2%, although consumption and investment have declined [3] Group 2: Robotics and Technology Developments - Yubiquitous Technology secured a contract worth 126 million yuan for the procurement of humanoid robots, adding to its significant order backlog of over 630 million yuan for the Walker series [4] - The robotics sector is experiencing growth, with companies like Yushutech reporting substantial sales figures and aiming for increased production in the coming year [3][4] Group 3: Stock Buybacks and Market Performance - Companies engaging in significant stock buybacks, such as China Resources Gas, are seeing positive market reactions, with shares rising over 4% [5] - Sanhua Intelligent Control announced an increase in its share repurchase price cap, leading to an 8% rise in its stock price [4] Group 4: Shipping and Aviation Industry Trends - The global shipping industry is undergoing a significant reshuffle due to new port fees, benefiting companies like COSCO Shipping Energy, which saw an 8% increase in stock price [6] - The aviation sector is also thriving, with China Eastern Airlines reporting a 9% increase in stock price, driven by a strategic focus on international routes [6] Group 5: IPOs and Investment in Technology - The rapid IPO process for Muxi Integrated Circuit indicates strong regulatory support for technology firms, with related companies experiencing stock price increases [7] - MINIEYE's successful bid for an autonomous driving project marks a significant step in the commercialization of its technology, leading to a 7% rise in its stock price [7] Group 6: Tourism and Hospitality Sector Insights - The tourism industry shows steady demand, with hotel average daily rates and revenue per available room experiencing positive growth, although supply pressures remain [8] - Analysts are optimistic about the Macau gaming sector, particularly for companies like Sands China and Galaxy Entertainment, due to low revenue baselines [8] Group 7: Company Performance and Global Expansion - Shenzhou International reported a revenue increase of 15.3% year-on-year, driven by strong performance in leisure and overseas markets [9] - The company is expanding its global production capacity, with overseas factories accounting for approximately 53% of total garment output [9][10]

Core Viewpoint - SUTENG JUCHUANG (2498.HK) experienced a 4.37% increase in share price, closing at HKD 35.32, with a total trading volume of HKD 190 million and a market capitalization of HKD 16.7 billion [1] Group 1: Company Actions - The company announced a share buyback plan, intending to repurchase 290,000 shares at a cost of HKD 9.9175 million, with prices ranging from HKD 33.84 to HKD 34.5 per share [1] Group 2: Upcoming Events - The International Conference on Intelligent Robots and Systems (IROS 2025) will take place from October 19 to 25, 2025, at the Hangzhou International Expo Center, where the company will launch its latest product, the AC2 from the ActiveCamera series [1] Group 3: Product and Market Potential - According to Founder Securities, the AC2 product integrates lidar, dual-structure light, and IMU, defining the "operational eye" of robots with a wide field of view and millimeter-level precision. The AC series is applicable across various sectors, including automotive, robotics, and consumer electronics, indicating a potential growth curve for incremental robot components [1]

Core Insights - The International Conference on Intelligent Robots and Systems (IROS 2025) will take place from October 19 to 25, 2025, at the Hangzhou International Expo Center, where SUTENG will launch its latest Active Camera series product, AC2 [1] - The company is expected to benefit significantly from the growth in its automotive and robotics sectors, with projected revenues of 2.5 billion, 3.42 billion, and 4.58 billion yuan for 2025, 2026, and 2027 respectively, maintaining a "recommended" rating [1] - The AC2 product integrates advanced technologies such as dToF laser radar, dual RGB cameras, and IMU for motion compensation, providing a comprehensive solution for various 3D application scenarios [1] Group 1 - The AC2 product represents a significant upgrade over the AC1 series, featuring a much smaller form factor and comparable dimensions to widely used dual-vision sensors, offering millimeter-level ranging accuracy and robust RGBD data [1] - The AC series products are applicable across multiple sectors, including automotive, robotics, and consumer electronics, with the potential for a second growth curve in incremental robotic components [2] - The company has established a closed-loop system of "chip solutions-ecosystem-products" with its self-developed SPAD-SoC chip, enhancing detection performance and power efficiency [2] Group 2 - The company has integrated its technology with major ecosystems such as NVIDIA DRIVE, Jetson, and Omniverse, enhancing its visual capabilities and collaboration potential [2] - The company is also expanding its offerings in dexterous robotic components, which are expected to gradually increase in volume [2]

Core Insights - The International Conference on Intelligent Robots and Systems (IROS2025) will take place from October 19 to 25, 2025, in Hangzhou, where the company SUTENG will launch its latest Active Camera product, AC2 [1] - The company is expected to benefit significantly from the growth in intelligent driving and the broader robotics sector, with projected revenues of 2.5 billion, 3.42 billion, and 4.58 billion yuan for 2025, 2026, and 2027 respectively [1] - The AC2 product integrates advanced technologies such as dToF laser radar, dual RGB cameras, and IMU for motion compensation, providing a comprehensive solution for various 3D applications [1][2] Group 1 - The AC2 series is designed to be compact, with dimensions similar to widely used dual-vision sensors, offering millimeter-level distance accuracy and robust RGBD data for diverse applications in robotics [1] - The company has developed its SPAD-SoC chip since 2018, with the product launched in 2022, enhancing detection performance and power efficiency [2] - The AC series products are applicable across multiple sectors including automotive, robotics, and consumer electronics, with a potential second growth curve in robotics components [2] Group 2 - The company's technology is aligned with Huawei's laser radar products, indicating a shared technological foundation that can be leveraged across various applications [2] - The company has integrated with NVIDIA's DRIVE, Jetson, and Omniverse ecosystems, enhancing its capabilities in visual technology [2] - The company is also expanding its offerings in dexterous robotic components, which are expected to see gradual market adoption [2]

Core Viewpoint - On October 20, the company announced a share buyback of approximately 9.9175 million HKD for 290,000 shares at a price range of 33.84 to 34.5 HKD per share [1] Group 1 - The company executed a buyback on October 17 [1] - The total amount spent on the buyback was around 9.9175 million HKD [1] - The number of shares repurchased was 290,000 [1]

Core Viewpoint - Multiple companies in China conducted share buybacks on October 17, 2025, with Xiaomi Group-W leading in terms of buyback amount and quantity [1][2] Group 1: Buyback Details - Xiaomi Group-W (01810) repurchased 10.70 million shares for a total of 494 million yuan, with a year-to-date total of 27.30 million shares, representing 0.110% of its total share capital [2] - Four Seasons Pharmaceutical (00460) repurchased 15 million shares for 21.76 million yuan, with a year-to-date total of 59.60 million shares, representing 0.647% of its total share capital [2] - Mengniu Dairy (02319) repurchased 1.20 million shares for 16.97 million yuan, with a year-to-date total of 18.52 million shares, representing 0.473% of its total share capital [2] Group 2: Other Notable Buybacks - VITASOY International (00345) repurchased 1.02 million shares for 8.20 million yuan, with a year-to-date total of 566.60 million shares, representing 0.540% of its total share capital [2] - Zhongtong Express-W (02057) repurchased 445,000 shares for 8.41 million yuan, with a year-to-date total of 5.07 million shares, representing 0.630% of its total share capital [2] - Huazhong Media (00685) repurchased 500,000 shares for 50,000 yuan, with a year-to-date total of 225.60 million shares, representing 0.139% of its total share capital [2]

Core Viewpoint - The company, Suoteng Juchuang, has made a significant investment in share buybacks and achieved major technological milestones, reinforcing its market position in the laser radar industry [1] Company Summary - On October 17, Suoteng Juchuang announced a share buyback of 991.75 million HKD for 290,000 shares, with prices ranging from 33.84 to 34.5 HKD per share, reflecting confidence in its future development [1] - The company has achieved a major milestone by having its self-developed SPAD-SoC and 2D VCSEL chips pass AEC-Q automotive certification, making it the only global tech firm to meet automotive standards across all three core areas of digital laser radar [1] - The new generation EM platform products have entered mass production, with EM4 being the only mass-produced laser radar over 500 lines and E1 being the only mass-produced solid-state laser radar [1] - Suoteng Juchuang has secured orders from eight leading automotive manufacturers for 45 vehicle models, bringing the total number of designated models to 133 [1] Industry Summary - Recent policy developments in China have introduced national standards for intelligent connected vehicles, officially incorporating laser radar into the safety requirements for driving assistance systems [1] - The convergence of technological breakthroughs, mass production, and favorable policies is strengthening Suoteng Juchuang's leading market position [1]

Core Viewpoint - The company, SUTENG JUCHUANG (02498), has announced a share buyback of 2.9 million shares at a total cost of HKD 9.9175 million, signaling confidence in its future growth and current stock price [1] Company Summary - The company has achieved a significant milestone in core technology by successfully passing AEC-Q series automotive certification for its self-developed SPAD-SoC and 2D VCSEL chips [1] - It is the only global technology enterprise to have all three core links of digital lidar—transmission, reception, and processing—achieve automotive-grade standards with self-developed chips [1] - The new generation EM platform products have entered mass production, with EM4 being the only lidar in mass production with a range exceeding 500 meters, and E1 being the only fully solid-state lidar in mass production [1] - The company has secured orders from eight leading automotive manufacturers for 45 vehicle models, bringing the total number of designated models to 133 [1] Industry Summary - A new national standard in China, "Safety Requirements for Intelligent Connected Vehicle Combination Driving Assistance Systems," has included lidar for the first time, which is expected to benefit the industry [1] - The convergence of core technological breakthroughs, product mass production, and favorable policies is reinforcing the company's market leadership position [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 第 1 頁 共 6 頁 v 1.3.0 FF305 公司名稱： 速騰聚創科技有限公司 呈交日期： 2025年10月20日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02498 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | | | | | ...

Core Insights - RoboSense has achieved a significant milestone by having its fully self-developed chip pass the AEC-Q automotive certification, making it the only company globally to reach this achievement, which enhances its competitive edge in the lidar technology sector [2][7] Group 1: SPAD-SoC Chip - RoboSense's SPAD-SoC chip is the world's first lidar receiving processing SoC chip and the only one to pass the AEC-Q102 certification, featuring high performance, high integration, and high reliability [3] - The chip improves target recognition rate to 99% and has a sampling capability of 44 billion samples per second, effectively preventing missed detections [3] - It includes a 384-Core signal processing capability for high dynamic response and can detect low-reflectivity objects, while also being resistant to rain, fog, and dust interference [3] Group 2: Proprietary Technologies - The chip incorporates three proprietary technologies that enhance performance and reliability, including Crosstalk Immunity Encoding (ClE), which improves sunlight noise resistance by 95% and cross-talk resistance by 90% [4] - PicoSecond Timing Technology (PTT) enhances distance measurement accuracy by 15 times to 3 cm while reducing power consumption [4] - The Adaptive Fusion Algorithm (AFA) optimizes signal extraction, reducing blind spots by 70 times [4] Group 3: 3D Stacking and Bonding Technology - RoboSense has achieved a global first by integrating SPAD and SoC through 3D stacking, resulting in over 50% reduction in size and high integration [5] - Copper-copper bonding technology provides each SPAD with an independent processing circuit, ensuring low-loss and low-latency signal transmission [5] Group 4: 2D VCSEL Chip - RoboSense's 2D VCSEL chip is the only mass-producible two-dimensional addressable VCSEL chip in the industry, utilizing two-dimensional addressable scanning to suppress high reflectivity expansion [6] - The chip supports flexible matrix scanning, significantly enhancing laser emission efficiency, and features a combined SiP technology that improves accuracy while reducing parasitic parameters [6] Group 5: E Platform - The E platform, equipped with the AEC-Q certified SPAD-SOC and 2D VCSEL chips, is the first mass-producible all-solid-state digital lidar platform in the industry [7] - This platform not only showcases RoboSense's leading position in lidar technology but also provides robust technical support for the development of autonomous driving and intelligent transportation [7]