Core Viewpoint - The stock of SUTENG JUCHUANG (02498) has risen over 7% due to increased demand for laser radar in the robotics market, with significant growth expected in the Chinese laser radar market by 2026 [1] Industry Summary - Laser radar is a core component for robots, enabling functions such as positioning, navigation, and obstacle avoidance. The demand for robots has led to a surge in orders for laser radar companies this year [1] - The Chinese laser radar market is projected to reach 24.07 billion yuan by 2025 and further increase to 43.18 billion yuan by 2026. The industry is entering a "golden period" of simultaneous volume and price growth as costs decrease [1][1] - Chinese manufacturers are leading 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 yuan [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 scale effect [1] - The company has achieved significant customer expansion, securing partnerships with several leading global robotic lawn mower manufacturers, with order volumes exceeding seven figures. A strategic cooperation agreement with Kuka Technology for 1.2 million solid-state laser radars over three years has been signed [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. The company is also closely collaborating with Yushu Technology and Yuejiang in the field of embodied intelligence, indicating a broad market outlook [1]