SIASUN(SZ:300024) Ge Long Hui·2025-03-31 14:02Core Viewpoint - RoboSense achieved significant revenue growth in 2024, driven by the increasing penetration of smart driving and the booming robotics industry, with total revenue reaching approximately 1.65 billion yuan, a year-on-year increase of 47.2% [2][5][6] Financial Summary - Total revenue for 2024 was approximately 1.65 billion yuan, representing a year-on-year growth of 47.2% [6] - Total sales of LiDAR units reached approximately 544,200, a year-on-year increase of about 109.6% [6][10] - Overall gross margin for the year was approximately 17.2%, an increase of 8.8 percentage points from the previous year, with Q4 gross margin reaching about 22.1% [6][7] - Adjusted net loss narrowed to approximately 396 million yuan, a decrease of about 8.9% compared to the previous year [6][7] - Total R&D investment was approximately 620 million yuan, with about 250 million yuan allocated to innovative business R&D [6][7] Business Highlights - The company achieved a significant increase in sales revenue from LiDAR products for ADAS applications, amounting to approximately 1.34 billion yuan, a year-on-year increase of about 71.8% [5][6] - In the ADAS sector, the company holds the largest market share globally, with a 33.5% share, and has established partnerships with over 10 major automotive manufacturers [11][13] - The company has secured multiple partnerships in the Robotaxi and Robotruck sectors, with several agreements for mass production already signed [16] - The company has established strategic collaborations with over 10 humanoid robot companies, enhancing its position in the emerging robotics market [18][21] Technological Advancements - The company leads the industry in patent filings, with 641 patents related to LiDAR technology, significantly ahead of competitors [24][25] - The company has made breakthroughs in digital LiDAR technology, achieving mass production of a series of digital LiDAR products with significant improvements in resolution and accuracy [24][26] Future Outlook - The company plans to leverage its technological advantages in LiDAR and continue investing in innovative R&D to become a leading global robotics technology platform [26]