速腾聚创(02498) - 2025 - 中期财报

Company Information This section provides fundamental information about RoboSense, including its board of directors, committees, registration details, principal place of business, share registrar, auditor, legal counsel, company website, and principal bankers Board of Directors and Committees This section lists RoboSense's board members and established committees, including Audit, Remuneration, Nomination, and ESG, along with their members - Board members include Dr. Qiu Chunxin (Chairman and Chief Scientist), Mr. Liu Letian (CTO), and Mr. Qiu Chunchao (CEO) as executive directors[4] - The company has an Audit Committee, Remuneration Committee, Nomination Committee, and Environmental, Social and Governance Committee to ensure a sound corporate governance structure[4] Company Basic Information This section provides RoboSense's registration, principal business locations, share registrar, auditor, legal counsel, website, and main bankers - The company's registered office is in the Cayman Islands, with its China headquarters and principal place of business in Nanshan District, Shenzhen[4] - The principal place of business in Hong Kong changed effective January 10, 2025[6] - The auditor is PricewaterhouseCoopers, and the company website is **www.robosense.ai/en**[6](index=6&type=chunk) CEO's Statement The CEO's statement highlights significant Q2 2025 revenue and LiDAR sales growth, especially in robotics, continuous gross margin improvement, and substantial net loss reduction Q2 2025 Performance Overview The CEO's statement highlights significant Q2 2025 revenue and LiDAR sales growth, particularly explosive growth in robotics and other sectors, continuous gross margin improvement, and substantial net loss reduction Q2 2025 Key Financial and Operational Data | Metric | Amount/Quantity | YoY Growth | QoQ Growth | | :--- | :--- | :--- | :--- | | Revenue (RMB million) | 455 | 24.4% | 38.9% | | Total LiDAR Sales (units) | 158,200 | 28.6% | 45.7% | | Robotics & Other Sales (units) | 34,400 | 631.9% | 189.1% | | ADAS Sales (units) | 123,800 | 4.6% | 28.0% | | Gross Margin (%) | 27.7 | - | - | | ADAS Gross Margin (%) | 19.4 | - | - | | Robotics & Other Gross Margin (%) | 41.5 | - | - | | Net Loss Narrowed (%) | - | 63.6 | 49.6 | Digital LiDAR Technology and Product Progress LiDAR technology competition shifted to chips, with the company building a digital product matrix based on self-developed SPAD-SoC and VCSEL, expecting next-gen chips next year - LiDAR core technology competition has shifted from system opto-mechanical architecture innovation to deeper chip-level competition[10] - The company has built the industry's most comprehensive digital product matrix, primarily featuring E-platform and EM-platform, based on self-developed SPAD-SoC chips and VCSEL architecture[10] - Development of the next-generation digital chip is progressing smoothly, expected to launch next year, continuing to lead industry development[10] Automotive and Robotaxi Market Expansion E1 is the sole L3/L4 wide-angle LiDAR for mass production, EM platform secured 46 models from 8 OEMs, and E1/EM4 are preferred for next-gen Robotaxis with over 90% L4 partnerships - E1 has become the sole choice for mass production of L3 and L4 autonomous driving wide-angle LiDAR[10] - The EM platform secured 46 models from 8 OEMs within six months, with rapid volume ramp-up expected in 2026[10] - In the Robotaxi sector, the company has partnered with over 90% of L4 leading enterprises, with E1 and EM4 officially designated by multiple global leading Robotaxi companies[11] Breakthroughs in Robotics and Embodied AI Robotics saw breakthroughs with E1R, including seven-figure orders from TOP5 robotic lawnmower firms and deep partnerships in autonomous delivery; Active Camera launched as 'true eye of robots' for embodied AI - E1R and other robotic digital products performed outstandingly in the robotic lawnmower industry, achieving exclusive partnerships with several global TOP5 manufacturers, with order volumes reaching seven figures[11] - In the autonomous delivery sector, deep strategic partnerships were established with Coco Robotics, a leading North American delivery platform, and domestic leaders such as Meituan, Neolix, and White Rhino[11] - Launched the innovative Active Camera, positioned as "the true eye of robots," capable of outputting RGBD information, integrating camera, LiDAR, and IMU data, aiming to create an ecological closed-loop for dexterous robot operation[11][12] Future Outlook and Strategy RoboSense aims to be a global robotics leader, increasing investment in chips, algorithms, and digital architecture to build stronger technological moats and create long-term value - The company is committed to becoming a global leading robotics company, with the mission of "making the world safer and life smarter"[14] - Future plans include continuous increased investment in chips, algorithms, and digital architecture to build stronger technological moats[14] Key Financial and Operational Highlights This section summarizes the company's key financial and operational performance, highlighting revenue growth, significant gross margin improvement, and narrowing losses, alongside increased LiDAR sales, market expansion, and technological innovations Major Financial Highlights This section outlines key financial data for H1 2025, showing revenue growth, significant gross margin improvement, and narrowing losses Major Financial Data for the Six Months Ended June 30 | Metric | 2025 (Unaudited, RMB thousand) | 2024 (Unaudited, RMB thousand) | | :--- | :--- | :--- | | Revenue | 783,207 | 727,094 | | Gross Profit | 203,136 | 98,553 | | Gross Margin (%) | 25.9 | 13.6 | | Operating Loss | (197,149) | (322,070) | | Loss Attributable to Owners of the Company | (150,980) | (269,151) | | Total Assets (as of period end) | 4,936,017 | 4,139,138 | | Total Liabilities (as of period end) | 1,096,147 | 1,065,959 | | Total Equity