Core Insights - The company reported a revenue of approximately 460 million yuan for Q2 2025, representing a year-on-year growth of 24.4% and a quarter-on-quarter growth of 38.9% [1] - The robot business experienced explosive growth, with product sales reaching 34,400 units, a staggering year-on-year increase of 631.9%, becoming the main driver of the company's performance [1] - The gross margin improved from 12.3% in Q1 2024 to 27.7% in Q2 2025, reflecting the operational efficiency advantages brought by technological independence [1] Revenue Breakdown - Total sales of LiDAR reached 158,200 units in Q2, marking a year-on-year increase of 28.6% and a quarter-on-quarter increase of 45.7% [1] - In the ADAS sector, deliveries amounted to 123,800 units, showing a year-on-year growth of 4.6% and a quarter-on-quarter growth of 28% [1] - The EM series products secured 45 model designations from 8 OEMs within six months, establishing the company as the first to mass-produce the 520-line LiDAR [1] Robotics Sector Performance - Sales in the robotics and other sectors surged to 34,400 units, reflecting a year-on-year increase of 631.9% and a quarter-on-quarter increase of 189.1% [1] - The robotics segment generated approximately 150 million yuan in revenue, with a quarter-on-quarter growth of 100.7%, laying a foundation for future growth [1] Technological Advancements - The company leverages digital LiDAR technology, self-developed chips, and large-scale production delivery advantages in its vehicle-mounted, Robotaxi, and robotics businesses [2] - The Active Camera platform and AI-Ready ecosystem empower embodied robots, creating long-term value for the AI robotics industry [2]