Core Viewpoint - UBS initiates coverage on SUTENG with a "Buy" rating and a target price of HKD 47.8, expressing optimism about the long-term prospects of the company's advanced driver assistance systems (ADAS) laser radar business due to increased adoption by OEM clients like BYD and Geely [1] Group 1 - The company is strengthening its position in the robotic laser radar sector, which is expected to become a new growth driver [1] - UBS forecasts that SUTENG will turn profitable next year and achieve a compound annual growth rate (CAGR) of 66% in net profit from 2026 to 2030, exceeding market expectations [1] - The market may be underestimating the growth potential driven by traditional domestic OEMs in the areas of intelligence and robotics [1]

Core Viewpoint - UBS initiates coverage on SUTENG JUCHUANG (02498) with a "Buy" rating and a target price of HKD 47.8, highlighting optimism about the long-term prospects of its advanced driver assistance systems (ADAS) laser radar business due to increased adoption by OEM clients like BYD (002594) and Geely Automobile (00175) [1] Group 1 - The company is strengthening its position in the robotic laser radar sector, which is expected to become a new growth driver [1] - UBS forecasts that SUTENG JUCHUANG will turn profitable next year and anticipates a compound annual growth rate (CAGR) of 66% in net profit from 2026 to 2030, exceeding market expectations [1] - The market may be underestimating the growth potential driven by traditional domestic OEMs in the areas of intelligence and robotics [1]

Group 1 - UBS initiates a "Buy" rating for SUTENG JUCHUANG (02498) with a target price of HKD 47.8 [1] - The firm expresses optimism about the long-term prospects of SUTENG JUCHUANG's advanced driver assistance systems (ADAS) laser radar business, driven by increased adoption from OEM clients like BYD (01211) and Geely Automobile (00175) [1] - The company is strengthening its position in the robotic laser radar sector, which is expected to become a new growth driver [1] Group 2 - UBS forecasts that SUTENG JUCHUANG will turn profitable next year and anticipates a compound annual growth rate (CAGR) of 66% in net profit from 2026 to 2030, exceeding market expectations [1] - The firm believes that the market may underestimate the growth potential driven by traditional domestic OEMs in the areas of intelligence and robotics [1]

Core Viewpoint - The continuous mass production of 520-line digital lidar by Suoteng Juchuang (02498) in high-end models such as the Zhiji LS6 and Geely 9X signifies the company's technological leadership in the high-line lidar sector, validated by market acceptance [1] Group 1 - The 520-line lidar's mass production indicates recognition from SAIC Group (600104) and Geely Group for high-end models, proving the maturity of Suoteng Juchuang's digital lidar in mass production [1] - Multiple models equipped with Suoteng Juchuang's high-line digital lidar are expected to be launched in the second half of this year, showcasing the company's ongoing innovation and industry leadership [1] - Suoteng Juchuang has achieved "first mass production" in its development history, reinforcing its technical strength by being the only company capable of mass-producing 520-line digital lidar [1] Group 2 - Analysts note that as autonomous driving accelerates towards L3 and above levels, the market demand for vehicle-mounted lidar performance will continue to rise, with high-end models generally pursuing 192 lines or higher [1] - Suoteng Juchuang's leading position in 520-line specifications is expected to leverage its technological advantages and mass production capabilities, providing greater development space amid the upcoming industry upgrade wave [1]

Core Insights - The company SUTENG JUCHUANG (02498) has achieved continuous mass production of its 520-line digital lidar in high-end models such as the Zhiji LS6 and Geely 9X, confirming its technological leadership in the high-line count lidar sector [1] - The successful integration of 520-line lidar into vehicles indicates recognition from major automotive groups like SAIC and Geely, showcasing the maturity of SUTENG JUCHUANG's digital lidar for mass production [1] - The company has consistently led the industry with technological innovations and is currently the only one capable of mass-producing 520-line digital lidar, reinforcing its role as an industry innovator [1] Industry Trends - As the automotive industry accelerates towards L3 and higher levels of autonomous driving, the demand for high-performance onboard lidar systems is expected to rise, with high-end models increasingly seeking 192 lines or higher [1] - SUTENG JUCHUANG's leading position in 520-line specifications is anticipated to provide significant growth opportunities due to its technological advantages and production capabilities amid an upcoming industry upgrade wave [1]

Market Overview - Hong Kong stock market opened lower and closed down 0.98% due to concerns over the upcoming US-Russia summit, while A-shares surged, with the Shanghai Composite Index returning to around 3700 points and a trading volume exceeding 2.2 trillion yuan, marking the 29th trading day in A-share history to surpass 2 trillion yuan [1][5] - The anticipated US-Russia summit is expected to yield limited results, with no plans for signed agreements, and discussions likely to focus on underlying strategies rather than public outcomes [2][3] Sector Focus - The banking sector in Hong Kong is underperforming, primarily due to a perceived lack of value compared to insurance stocks, which are increasingly favored by institutional investors [3] - The sentiment in the market remains positive, with over ten stocks in the Hong Kong Stock Connect rising more than 10%, particularly in the robotics sector, driven by upcoming events like the World Humanoid Robot Games [4] - The semiconductor and AI-related sectors are experiencing significant growth, with companies like Hongteng Precision rising over 33% due to their involvement in NVIDIA's supply chain [5] Individual Company Highlights - Xiexin Technology has entered a strategic partnership with Taibao Asset Management, aiming to explore tokenization solutions for real-world assets and develop compliant digital asset products [10][12] - The solar industry is showing signs of recovery, with significant price increases in photovoltaic glass and a reduction in production, indicating a potential shift towards better market conditions [7][8] - GCL-Poly Energy has secured a procurement contract for silicon materials worth up to 450 million yuan, reflecting the ongoing demand and price increases in the solar component market [10][11]

Core Viewpoint - SUTENG JUCHUANG (2498.HK) has seen a nearly 10% increase in stock price, reaching HKD 36.6, driven by its position as a leading supplier of LiDAR and perception solutions, and its early achievement in mass production of automotive-grade solid-state LiDAR [1] Company Summary - SUTENG JUCHUANG is recognized as a global leader in the LiDAR market, particularly noted for being one of the first companies to achieve mass production of automotive-grade solid-state LiDAR [1] - The company is expected to benefit from the continuous growth of the LiDAR market and the increasing penetration rate of smart driving vehicles, indicating a clear long-term development trend [1] - The company is set to announce its interim results on August 21 [1] Industry Summary - According to a recent report from Yongxing Securities, the ADAS LiDAR industry is projected to have a promising development outlook, with SUTENG JUCHUANG holding a competitive advantage in technology and market share [1] - There is an anticipated demand for LiDAR applications in robotics perception, which aligns with the company's leading position in this sector [1] - The company is also expanding into innovative business areas, including robotic vision and dexterous manipulators, further enhancing its market presence [1]

公司的管理层将于2025年8月21日(星期四)下午八时正(香港时间)(上午八时正(美国东部时间))举行业绩 电话会议。拟接入电话会议的与会者须通过以下链接进行注册方能参与是次会议： 注册链接：https://s.comein.cn/36gw25f7于登记后，与会者将就是次会议收到一封载有与会者拨入号码及 个人独有编号的电邮。 格隆汇8月11日丨速腾聚创(02498.HK)宣布，董事会会议将于2025年8月21日(星期四)举行，藉以(其中包 括)省览及批准集团截至2025年6月30日止六个月的未经审计综合中期业绩及其发布。 此外，若要收听电话会议的网络直播，请访问公司网站https://ir.robosense.ai/。 ...

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。 於登記後，與會者將就是次會議收到一封載有與會者撥入號碼及個人獨有編號的電郵。 此外，若要收聽電話會議的網絡直播，請訪問本公司網站https://ir.robosense.ai/。 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） 董事會會議日期 速騰聚創科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事會」） 謹此宣佈，董事會會議將於2025年8月21日（星期四）舉行，藉以（其中包括）省覽及批准本集團 截至2025年6月30日止六個月的未經審計綜合中期業績及其發佈。 本公司的管理層將於2025年8月21日（星期四）下午八時正（香港時間）（上午八時正（美國東部時 間））舉行業績電話會議。擬接入電話會議的與會者須通過以下鏈接進行註冊方能參與是次會 議： 註冊鏈接：https://s.co ...

Core Insights - The 2025 China Embodied Intelligent Robot Industry Conference and Exhibition will take place from August 13 to August 15 in Shanghai, attracting over 200 brands and more than 10,000 attendees, aiming to enhance the embodied intelligence industry chain [1] - The global robot industry has seen significant growth over the past decade, with advancements in intelligent capabilities, application boundaries, and innovation factors [2][3] Industry Growth - In the first half of this year, China's robot industry revenue grew by 27.8%, with industrial and service robot production increasing by 35.6% and 25.5% respectively, maintaining its position as the largest industrial robot application market globally for 12 consecutive years [3] - The global first embodied intelligent robot 4S store, Robot Mall, opened in Beijing, integrating traditional automotive sales models into the robot industry [3] Commercialization and Market Forecast - 2025 is projected to be the year of mass production for humanoid robots, with companies like UBTECH and Tesla planning significant production and delivery of humanoid robots for various applications [4] - The global market for humanoid robots is expected to exceed $20 billion by 2030, with the Chinese market reaching around $5 billion, and optimistic forecasts suggest a potential market size of $154 billion by 2035 [4] Investment Opportunities - Wanlian Securities highlights the potential for humanoid robots to achieve large-scale application, emphasizing the importance of reducing costs for commercialization [5] - Companies with core component technology and those benefiting from the large-scale application of humanoid robots are recommended for investment [5] Related Companies - UBTECH has launched a full-size humanoid robot for educational purposes, with significant orders already in place, and is expanding production capacity to meet demand [6] - Horizon Robotics is projected to achieve a compound annual growth rate of 57.5% from 2025 to 2027, with a target price set by analysts [7] - SUTENG has showcased its new Active Camera platform at the 2025 World Robot Conference, holding the top market share in the global lidar sector [7]