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」

Core Viewpoint - The article discusses the upcoming IPO of Seyond Holdings Ltd. (referred to as "图达通"), a leading provider of automotive-grade LiDAR solutions, highlighting its achievements, market position, and future growth prospects [2][3][4]. Group 1: Company Overview - Founded in 2016, 图达通 specializes in the design, development, and production of automotive-grade LiDAR, providing high-performance solutions for Advanced Driver Assistance Systems (ADAS) and autonomous driving systems (ADS) [3]. - 图达通 is the world's first supplier to achieve mass production of automotive-grade LiDAR solutions, having delivered over 600,000 units to date [4][5]. Group 2: Market Position and Performance - In the first three quarters of this year, 图达通 delivered approximately 181,131 automotive-grade LiDAR units, representing a year-on-year growth of 7.7% [5]. - The company has established a diverse revenue structure, with its high-performance "Eagle" series (1550nm) and platform-based "Sparrow" series (905nm/940nm) catering to both high-end and mid-range vehicles [6]. Group 3: Strategic Partnerships and Collaborations - 图达通 has deepened its collaboration with NIO, delivering over 600,000 units of the 1550nm Eagle series across nine models, and has secured orders from three state-owned automotive manufacturers and a mainstream joint venture [7]. - The company is also exploring partnerships with various companies in the US, Europe, and Asia for testing and potential adoption of its LiDAR solutions [7]. Group 4: Financial Performance and Growth - From Q4 2024 to Q3 2025, 图达通 is expected to achieve positive gross margins for four consecutive quarters, indicating a shift from scale-driven growth to profit-driven growth [8]. - The gross margin for the first five months of this year was reported at 12.9% [8]. Group 5: Market Expansion and Future Prospects - 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% [10]. - 图达通's LiDAR solutions have been implemented in over 20 provinces and cities in China, with expectations for this sector to drive overall sales and operational performance [10]. Group 6: Investment and Funding - 图达通 has attracted investments from notable institutions, including NIO Capital and Temasek, and has raised approximately HKD 553.1 million in its upcoming De-SPAC listing [11]. - The IPO proceeds will be allocated as follows: approximately 60% for R&D, 20% for upgrading existing production lines, and 20% for global expansion and general corporate purposes [12].