SIASUN(SZ:300024) Sou Hu Cai Jing·2025-03-31 02:26Core Insights - The rapid development of LiDAR technology has led to a significant price drop from approximately $80,000 to below $200, primarily driven by chip integration [2] - The CEO of Suoteng Juchuang, Qiu Chunchao, emphasizes that the future competition in the LiDAR market will focus on chips and expanding applications beyond automotive [2][5] - The company forecasts a revenue of 1.63 to 1.67 billion yuan for 2024, representing at least a 45% year-on-year growth, with losses narrowing by 88% to 90% [2] Group 1: LiDAR Technology and Market Trends - LiDAR is entering a digital era, with increasing demand expected as autonomous driving progresses towards levels L3 and L4, enhancing user experience and safety [2][3] - The automotive industry is not the only sector for LiDAR applications; robotics is identified as a significant market, potentially ten times larger than the automotive sector [2][5] - The company shipped 544,000 LiDAR units last year, with 519,800 units for ADAS and 24,400 units for robotics and other fields [5] Group 2: Safety and Industry Standards - L3 is considered a critical threshold for autonomous driving, where the inclusion of LiDAR is viewed as essential for safety, akin to an airbag in vehicles [3] - The CEO notes that while L2 focuses on user experience, L3 and above require manufacturers to invest in safety measures, which are justified from an insurance perspective [3] Group 3: Robotics and Future Applications - The company is focusing on two main areas for robotics: solutions for lower body mobility and upper body manipulation, emphasizing the importance of hand-eye coordination [6] - The integration of digital LiDAR with cameras is aimed at enhancing robotic capabilities, with plans to develop a comprehensive system that can perform tasks traditionally done by humans [6] - The relationship between automotive and robotics is seen as symbiotic, with advancements in one sector driving progress in the other [6] Group 4: Strategic Directions and Collaborations - The company is open to collaborations with automakers interested in developing their own LiDAR systems, provided there is economic viability and scale [4] - Future developments will focus on continuous chip iteration and engineering modifications tailored to various application domains [5] - The company plans to expand its presence internationally, targeting both automotive and robotics applications for LiDAR technology [6]