Core Insights - SUTENG JUCHUANG Technology Co., Ltd. reported significant growth in laser radar sales and improved financial performance for the nine months ending September 30, 2025, highlighting a strong business momentum across multiple sectors [2][3] Sales Performance - In Q3 2025, total laser radar sales reached 185,600 units, a year-on-year increase of 34% and a quarter-on-quarter increase of 17.3%, marking two consecutive quarters of growth [2] - For the nine months ending September 30, 2025, total laser radar sales amounted to 452,400 units, up 18.5% year-on-year, with ADAS application sales at 370,600 units and robot-related sales at 81,800 units, reflecting growth rates of 1.3% and 408.1% respectively [2] Financial Performance - Total revenue for the first three quarters of 2025 was CNY 1.19 billion, a year-on-year increase of 4.8%, with gross profit reaching CNY 301 million, up 77% year-on-year [3] - Gross margin improved to 25.2%, an increase of 10.2 percentage points compared to the same period in 2024 [3] - Net loss for the first three quarters narrowed to CNY 249 million, a reduction of 29.1% from the previous year [3] Market Position in ADAS - The company has secured 144 mass production orders from 32 automotive manufacturers and suppliers, with 47 models already achieving SOP [4] - The EM digital laser radar platform launched in April 2025 has gained recognition, securing orders for 56 models from 13 automakers, including 36 models from a leading global EV manufacturer [4] Growth in Robotaxi and Robotics - The transition from mechanical to digital laser radar is becoming a trend, with the "EM4+E1" combination being adopted as the industry standard [4] - The company has established mass production partnerships with over 90% of leading L4 autonomous driving companies, including Didi and Baidu [4] Robotics Business Expansion - The robotics segment has seen explosive growth, serving over 3,400 global clients, with significant partnerships in the lawn mowing and urban delivery sectors [5] - The company achieved a milestone of producing its one-millionth automotive-grade solid-state laser radar, showcasing its scalable production capabilities [5] Strategic Focus for 2025 - 2025 is a pivotal year for the company as it transitions from laser radar to a robotics technology platform, with digital products entering large-scale delivery [6] - The company aims to achieve profitability in Q4 2025 and is focused on core areas such as chips, algorithms, and digital architecture to support its growth trajectory [6]
速腾聚创1-9月大幅减亏，力争Q4实现扭亏为盈