图达通首日上市飙升超50%，市值突破200亿港元

Core Viewpoint - Seyound Tuda Technology (2665.HK), a global provider of image-grade LiDAR solutions, officially listed on the Hong Kong Stock Exchange via a De-SPAC process on December 10, with its stock price surging over 50% to HKD 15.66, resulting in a market capitalization exceeding HKD 20 billion [1]. Company Overview - Founded in 2016, Seyound Tuda has established itself as a leading player in the LiDAR industry, achieving several industry-leading milestones through technological breakthroughs and mass production capabilities [1]. - Seyound Tuda is recognized as the world's first supplier to achieve mass production of automotive-grade high-performance LiDAR solutions, ranking second globally in cumulative sales revenue for ADAS LiDAR solutions from 2022 to 2024 [1]. Financial Performance - The company has demonstrated steady revenue growth and improving profitability. According to the latest prospectus, Seyound Tuda delivered approximately 181,000 automotive-grade LiDAR units in the first nine months of 2025, reflecting a year-on-year growth of 7.7% [1]. - In the first five months of 2025, the company achieved a gross margin of 12.9%, indicating a positive cycle in product profitability [1].