周二，禾赛(HSAI.US)涨逾2%，报21.34美元。 消息面上，据禾赛科技官微消息，2026年1月6日至9日， 公司宣布将在拉斯维加斯举行的国际消费类电子产品展CES 2026上重磅亮相(展位号：西厅#5601)。据 介绍，禾赛科技近期重磅更新的搭载费米C500芯片和光子隔离技术的激光雷达ATX焕新版，下一代L3 车规级激光雷达解决方案——包括远距激光雷达ET系列、短距补盲激光雷达FT系列，用于机器人领域 的禾赛迷你型高性能3D激光雷达JT系列等多款明星产品，均将在CES精彩亮相。 ...

禾赛-W(02525)早盘涨超4%，截至发稿，涨2.84%，报163.1港元，成交额1911.24万港元。 消息面上，据禾赛科技官微消息，2026年1月6日至9日，公司宣布将在拉斯维加斯举行的国际消费类电 子产品展CES 2026上重磅亮相(展位号：西厅#5601)。此次是禾赛科技连续第八届参加CES盛会，也将 一如既往向全球市场展示可应用于更多场景的最新ADAS和机器人激光雷达等技术成果。 据介绍，禾赛科技近期重磅更新的搭载费米C500芯片和光子隔离技术的激光雷达ATX焕新版，下一代 L3车规级激光雷达解决方案——包括远距激光雷达ET系列、短距补盲激光雷达FT系列，用于机器人领 域的禾赛迷你型高性能3D激光雷达JT系列等多款明星产品，均将在CES精彩亮相。 禾赛科技表示，目前，公司已获得来自全球24家主机厂超过120余款车型的量产定点，计划于2026-2030 年陆续交付。公司也已斩获前两大ADAS客户2026年全系车型定点合作，并实现100%标配。ATX焕新版 的在手订单规模已超过400万台，来自多家全球头部主机厂，将于2026年4月开启量产交付。 ...

智通财经APP获悉，禾赛-W(02525)早盘涨超4%，截至发稿，涨2.84%，报163.1港元，成交额1911.24万 港元。 消息面上，据禾赛科技官微消息，2026年1月6日至9日，公司宣布将在拉斯维加斯举行的国际消费类电 子产品展CES 2026上重磅亮相(展位号：西厅#5601)。此次是禾赛科技连续第八届参加CES盛会，也将 一如既往向全球市场展示可应用于更多场景的最新ADAS和机器人激光雷达等技术成果。 据介绍，禾赛科技近期重磅更新的搭载费米C500芯片和光子隔离技术的激光雷达ATX焕新版，下一代 L3车规级激光雷达解决方案——包括远距激光雷达ET系列、短距补盲激光雷达FT系列，用于机器人领 域的禾赛迷你型高性能3D激光雷达JT系列等多款明星产品，均将在CES精彩亮相。 禾赛科技表示，目前，公司已获得来自全球24家主机厂超过120余款车型的量产定点，计划于2026-2030 年陆续交付。公司也已斩获前两大ADAS客户2026年全系车型定点合作，并实现100%标配。ATX焕新版 的在手订单规模已超过400万台，来自多家全球头部主机厂，将于2026年4月开启量产交付。 ...

12月10日，全球图像级激光雷达解决方案提供商——图达通智能科技（苏州）有限公司（简称：图达通Seyond）正式在港 交所上市，股票代码02665.HK。作为第三家成功以SPAC方式登陆港交所的上市公司，图达通合计募集资金约10.27亿港 元。股票今日盘中最高价达17.31港元/股。截至收盘，报13.3港元/股，最新市值约172.7亿港元。 上市仪式现场 图达通成功登陆港股，标志着全球车规级激光雷达产业迎来发展新阶段。公司创始人、董事长鲍君威在上市致辞中表 示："创造未来，激光雷达不是'可选项'，而是'必选项'，它的重要性和增长指数，将超越想象。" 由此，资本市场"苏州军团"也再添新兵，图达通成为苏州2025年内新增的第17家上市公司，新增的第8家港股上市公司。此 前两天，纳芯微刚刚成功实现"A+H"，在港交所二次上市。 激光雷达领导者 率先实现双路线量产 据公开资料显示，图达通成立于2016年，由CEO鲍君威博士与CTO李义民博士联合创建。公司最初于美国启动运营，后抓 住中国市场机遇，逐步在中国建立研发、生产及供应链体系。如今，图达通不仅在硅谷、苏州和上海设有研发中心，同时 在苏州、德清、平湖建成高度工业化 ...

12月10日，高性能激光雷达提供商Seyond Holdings Ltd.（股票代码02665.HK，下称"图达通"）通过De-SPAC（即 特殊目的收购公司并购交易）方式，正式登陆港交所，保荐人为清科资本、中信证券及中信建投。 这也是继禾赛科技、速腾聚创之后，国内第三家成功冲刺资本市场的激光雷达企业，并且是首家通过De-SPAC上 市的硬科技企业。《星岛》了解到，图达通获准许股权融资股份数目为3708.16万股，上市后已发行股份总数为 12.99亿股（含原SPAC公司的存续股份），每股价格10港元，所得款项净额3.605亿港元。 在正式挂牌当天，图达通股价上演"过山车"行情。在高开10%报11港元后，走势先抑后扬，上午11点左右一度暴 涨73.10%至17.31港元，随后快速回落，截至收盘，涨幅收窄至39.60%，报13.96港元，总市值189.89亿港元。 | | | う. 7 ○ ↓ 港元 +3.960 +39.60% | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | ○ 12-10 16:00:00 北京时间 | | | | ...

鲍君威在上市致辞中表示："图达通将致力于以无处不在的三维感知技术连接数字空间和真实世界，助力打造物理世界AI，建设一个更智能、更便利和 更安全的世界。" 图达通成功登陆港股，标志着全球车规级激光雷达领域迎来了新的发展阶段。图达通创始人、董事长兼CEO鲍君威在上市致辞中表示："创造未来，激 光雷达不是'可选项'，而是'必选项'，它的重要性和增长指数将超越所有人的想象。" 当前，全球车规级激光雷达市场正处于快速增长阶段，市场规模与渗透率具备巨大提升空间。根据灼识咨询数据，全球激光雷达解决方案市场规模预计 从2025年的35亿美元增长至2030年的413亿美元，复合年增长率达63.7%；其中，ADAS应用市场规模预计从2025年的19亿美元增长至2030年的197亿美元， 复合年增长率59.8%。业内人士表示，这主要得益于L2+及以上级别ADAS的快速渗透，而中国作为全球最大的汽车市场，车规级激光雷达渗透率提升更为显 著，预计市场规模复合增速将高于全球平均水平。 12月10日，全球图像级激光雷达解决方案提供商图达通（Seyond）以De-SPAC方式正式在港交所上市，股票代码02665.HK。作为第三家成功以SPA ...

经济观察网2025年12月10日，全球图像级激光雷达解决方案提供商Seyond图达通以De-SPAC方式正式在港交所上市，股票代码02665.HK。作为第三家成功 以SPAC方式登陆港交所的上市公司，图达通合计募集资金约10.27亿港元，截止发布股价涨超11.5%。 l l 25 Arsi ti 图达通成功登陆港股，标志着全球车规级激光雷达领域迎来了新的发展阶段。图达通创始人、董事长兼CEO鲍君威在上市致辞中表示："创造未来，激光雷 达不是'可选项'，而是'必选项'，它的重要性和增长指数将超越所有人的想象。" ...

Group 1: IPO Developments - Moer Thread has officially launched its IPO on the Sci-Tech Innovation Board, with a stock code of "688795," and plans to start subscription on November 24, marking a significant step in China's high-end GPU chip sector [3][4] - Moer Thread is recognized as the only domestic company that has achieved mass production of full-function GPUs, with applications in various fields including AI model training, digital twin, and cloud computing [5] - Yushu Technology has completed its domestic IPO counseling and will soon submit its prospectus, focusing on high-performance quadrupedal and humanoid robots [7][8] Group 2: Company Highlights - Moer Thread's MUSA unified system architecture allows for simultaneous support of AI computing acceleration, graphics rendering, and other advanced functions, establishing a key technical benchmark in the domestic high-end AI chip sector [4] - Yushu Technology has reported annual revenues exceeding 1 billion yuan, maintaining profitability since 2020, with a significant portion of its sales coming from quadrupedal robots [9][8] - Insilico Medicine has updated its prospectus for its Hong Kong IPO, focusing on AI-driven drug development and has established partnerships with major pharmaceutical companies [14][15] Group 3: Market Performance - Seyond Holdings Ltd. (Tudatong) has passed its hearing and plans to list on the Hong Kong Stock Exchange on December 10, specializing in automotive-grade LiDAR solutions [11][12] - Tudatong has delivered approximately 181,131 automotive-grade LiDAR units in the first three quarters of the year, reflecting a year-on-year growth of 7.7% [11] - Insilico Medicine's revenue is projected to grow from $30.15 million in 2022 to $85.83 million in 2024, with a significant increase in gross margin from 63.4% to 90.4% over the same period [15]

Core Viewpoint - Seyond Holdings Ltd. (图达通控股有限公司) has taken a significant step in its capital process by receiving the overseas issuance and listing filing notice from the China Securities Regulatory Commission, which will enhance its global business layout and technology research and development capabilities [2]. Group 1: Company Overview - Founded in 2016, the company focuses on the design, development, and production of automotive-grade LiDAR, providing high-performance solutions for Advanced Driver Assistance Systems (ADAS), Autonomous Driving Systems (ADS), and other automotive and non-automotive applications [2]. - The company plans to deliver approximately 230,000 automotive-grade LiDAR units in 2024, ranking second globally in cumulative sales revenue for ADAS LiDAR solutions from 2022 to 2024, as well as in the first quarter of this year [2]. Group 2: Product Strategy - The company employs a "dual technology route" strategy, featuring the high-performance Falcon series (1550nm) and the platform-based Sparrow series (905nm/940nm), achieving large-scale production of both product lines to meet the performance demands of high-end models and the scalability for models priced around 100,000 yuan [3]. - In the passenger vehicle sector, the company has deepened its collaboration with NIO, delivering over 500,000 units of the 1550nm Falcon series across nine models, and has recently secured orders from three state-owned automotive manufacturers and a mainstream joint venture automaker, expected to convert into sales by the end of 2025 [3]. Group 3: Market Expansion - Beyond passenger vehicles, the company is accelerating its penetration into commercial vehicles, robotics, smart transportation, and industrial automation markets, establishing stable partnerships in the commercial vehicle sector with companies like Deepway, Shaanxi Automobile, and Wincheer Technology [3]. - In the robotics sector, the company has secured large-scale orders from leading firms such as Ninebot, Zhongli, Yushi Technology, and Kusa Technology, covering scenarios like logistics handling and sanitation operations [3]. Group 4: Financial Performance - The rapid advancement in commercialization has led to continuous optimization of the company's operating conditions, with revenue projected to grow from $66 million in 2022 to $160 million in 2024, and achieving a gross margin of 12.6% in the first quarter of 2025, continuing the positive trend from the fourth quarter of 2024 [4]. - The reduction in losses indicates that the company has effectively crossed the commercialization threshold faced by the industry, benefiting from cost reduction through large-scale production and optimized supply chain management [4]. - Both industry and policy factors are actively driving the explosive demand for LiDAR, positioning the company favorably for greater growth opportunities based on its technological accumulation and market positioning [4].

Core Insights - The company, Seyond, has updated its prospectus, indicating a positive trend in revenue and gross profit for the first quarter of 2025, with revenue reaching $25.296 million and a gross profit of $3.197 million, resulting in a gross margin of 12.6% [2][3] - The company has successfully integrated its lidar solutions into various models and ADAS systems for several major automotive manufacturers, including NIO and others, and has begun mass production and delivery of these solutions [3][4] Financial Performance - Revenue for the fiscal year ending December 31 has shown significant growth from $66.302 million in 2022 to an expected $121.108 million in 2023 and $159.575 million in 2024 [3] - The company reported a gross loss of $41.321 million in 2022, which improved to a gross loss of $42.359 million in 2023, and is projected to further improve to a gross profit of $3.197 million in 2025 [3] - The gross margin has improved from -62.3% in 2022 to -35.0% in 2023, and is expected to reach 12.6% in 2025 [3] Market Position and Prospects - The company has secured design wins from ten additional automotive manufacturers and ADAS companies, indicating strong market demand for its lidar solutions [4] - The historical conversion rate of design wins to purchase orders suggests that these design wins are likely to convert into sales orders within a year [4]