Core Viewpoint - The stock of SUTENG JUCHUANG (02498) has seen a significant increase of over 7%, currently trading at 45.98 HKD, driven by strong demand in the robotics market and a surge in orders for laser radar technology [1] Industry Summary - Laser radar is a core component for robots, enabling functionalities such as positioning, navigation, and obstacle avoidance. The demand for laser radar has surged this year due to the booming robotics market [1] - The Chinese laser radar market is projected to reach 24.07 billion CNY by 2025 and further increase to 43.18 billion CNY by 2026. The industry is entering a "golden period" characterized by simultaneous growth in both volume and price [1][1] - Chinese manufacturers have gained a competitive edge globally in terms of scale, cost, and production pace, transforming laser radar from a "luxury sensor" to a standard component for products priced at 100,000 CNY [1] Company Summary - SUTENG JUCHUANG's gross margin for robot laser radar is expected to rise from 26.1% in the same period last year to 45.0% in the first half of 2025, highlighting the benefits of scale effects [1] - The company has achieved significant customer expansion, securing partnerships with several leading global robotic lawn mower manufacturers, with order volumes exceeding seven figures. Notably, a three-year strategic cooperation agreement was signed with Kuka Technology for 1.2 million solid-state laser radars [1] - In the field of unmanned delivery, SUTENG JUCHUANG has established deep collaborations with major North American delivery platforms and domestic companies such as Meituan, New Stoneware, and White Rhino. Additionally, the company is closely working with Yushu Technology and Yuejiang in the area of embodied intelligence, indicating a broad market outlook [1]