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图达通通过聆讯，12月10日在港上市：从「赋能智能驾驶」到「赋能智能机器」
Xin Lang Cai Jing·2025-11-12 05:29

Core Insights - Seyond Holdings Ltd. (图达通) has delivered over 600,000 units of automotive-grade LiDAR and plans to list on the Hong Kong Stock Exchange on December 10, 2023, under the stock code "2665" [2] - The company focuses on the design, development, and production of high-performance LiDAR solutions for advanced driver-assistance systems (ADAS) and autonomous driving systems (ADS) [2] - The competitive landscape for LiDAR has shifted from single technology to a comprehensive evaluation of product matrix integrity, stable mass production, and mature business models [2] Company Performance - In the first three quarters of 2023, the company delivered approximately 181,131 units of automotive-grade LiDAR, representing a year-on-year growth of 7.7% [2] - The company has established a dual-technology strategy with its high-performance Falcon series (1550nm) and platform-based Sparrow series (905nm/940nm), catering to both high-end and mass-market vehicles [2] - The company expects to achieve positive gross margins for four consecutive quarters from Q4 2024 to Q3 2025, indicating a shift from scale-driven to profit-driven growth [3] Market Expansion - The company has deepened cooperation with NIO and received new orders from three state-owned automotive manufacturers and a mainstream joint venture, which are expected to convert into sales by the end of 2025 [3] - The global market for non-automotive LiDAR solutions is projected to grow from $1.274 billion in 2025 to $9.158 billion by 2030, with a compound annual growth rate of 48.4% [4] - The company has established its LiDAR solutions in over 20 provinces and cities in China, with expectations for this sector to drive overall sales and operational performance [5] Investment and Funding - The company has attracted investments from notable institutions including NIO Capital, Temasek, and Fidelity, and raised approximately HKD 553.1 million in its De-SPAC listing [5] - Approximately 60% of the IPO proceeds will be allocated to R&D for new LiDAR architectures and upgrades, 20% for existing production line upgrades, and 10% for global expansion and general corporate purposes [5]