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]

瑞银发布研报称，首予速腾聚创(02498)"买入"评级，目标价47.8港元。该行指出，随着比亚迪 （002594）(01211)和吉利汽车(00175)等代工生产(OEM)客户更愿意采用激光雷达，对速腾聚创的先进 驾驶辅助系统(ADAS)激光雷达业务的长期前景持乐观态度。该公司正在加强在机械人激光雷达领域的 布局，相信或成为其新的增长驱动力。 该行预计速腾聚创将在明年扭亏为盈，并料在2026至30年间达到66%的净利润年复合增长率，胜于市场 预期。该行相信，市场或低估了传统国内OEM推动智能化和进入机械人领域的增长潜力。 ...

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]

速腾聚创(2498.HK)拉升涨近10%，报36.6港元。速腾聚创是全球领先的激光雷达及感知解决方案供应 商，是全球最早实现车规级固态激光雷达量产的激光雷达公司。 甬兴证券近日发研报称，受益于激光雷达市场规模的不断发展，以及智能驾驶汽车渗透率的不断提高， 速腾聚创的中长期发展趋势依然明确。甬兴证券首次覆盖，给予公司"增持"评级。看好ADAS 激光雷达 行业发展前景及公司在行业中的技术及市场份额优势，看好激光雷达在机器人感知领域的应用需求及公 司的领先地位，以及公司在包括机器人视觉及灵巧机械手等创新业务方面的发展布局。 速腾聚创即将于8月21日公布中期业绩。 ...

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 ...

华宝基金是公募基金业内ETF与指数投资的翘楚之一，公司旗下不仅权益ETF规模超千亿，同时获准纳入沪深港交易所ETF互联互通的产品已达12只。华宝 基金在医药/医疗、大健康领域长期耕耘、深入布局，在这一主题领域拥有深厚底蕴，旗下相关基金特色显著、各有千秋，并形成了良好互补。这些均为药 ETF联接基金（A类024985；C类024986）的发行与投资管理开启了有利局面。 注：根据沪深交易所信息，截至2025年7月24日，华宝基金旗下权益ETF规模达1008亿元。 今年二季度成立并上市的国内唯一"药ETF（562050）"，以闪亮走势、良好的净值表现赢得了投资者的青睐。 今年二季度成立并上市的"药ETF（562050）"，以闪亮走势、良好的净值表现赢得了投资者的青睐。本周五（8月8日），面向场外投资者，药ETF联接基金 （A类024985；C类024986）开启了独家首发。对长坡厚雪医药赛道抱有较高热情的投资者，可适时关注这只基金发售动态及产品特点。简而言之，药ETF 联接基金主要投资于药ETF（562050），由此实现对中证制药指数的跟踪，一站配齐"化学药+生物药品+中药"三大制药领域的A股龙头上市公司。 聚焦制 ...