Core Viewpoint - Morgan Stanley reports that Suoteng Juchuang's LiDAR total delivery volume exceeded 120,000 units in October, marking a historical high, with mass production of its digital platform design now underway [1] Group 1: Company Performance - The management anticipates strong future orders for ADAS LiDAR due to an increasing number of design solutions from a broader customer base [1] - The company has made significant progress in the robotics sector, with large-scale production for robotic lawnmower customers set to begin in Q4 2025 [1] - Suoteng Juchuang is collaborating with Didi to develop a new generation of autonomous taxis, each equipped with 10 sets of LiDAR [1] Group 2: Financial Projections - The firm forecasts that the company's LiDAR shipment volumes will reach 455,000 units in Q4 this year and 2.26 million units for the entire year of 2026, with year-on-year revenue growth of 58% and 68% respectively [1] - The company is expected to turn profitable in Q4 of this year [1] - Morgan Stanley believes this is a good entry point and reiterates an "overweight" rating with a target price of HKD 53 [1]
大行评级丨摩根大通：重申速腾聚创“增持”评级 认为目前为良好入场时机