Group 1 - The core viewpoint of the article highlights that Tudatong (02665) has seen a significant stock price increase, rising over 20% in the afternoon trading session, with a current price of 14.55 HKD and a trading volume of 24.6996 million HKD [1] - Tudatong is recognized as a leading global provider of image-grade LiDAR solutions, achieving multiple industry-leading accomplishments due to its technological breakthroughs and mass production capabilities [1] - According to Zhaoshang Consulting data, Tudatong is the first supplier globally to achieve mass production of automotive-grade high-performance LiDAR solutions, ranking second in cumulative sales revenue for ADAS LiDAR solutions from 2022 to 2024 [1] Group 2 - The application of Tudatong's products has expanded beyond passenger vehicles to commercial vehicles and robotics, indicating a broader market reach [1] - The company has secured large-scale orders from industry leaders such as Deepway, Shaanxi Heavy Duty Automobile, Wincher Technology, and Jiushi Intelligent, demonstrating its reliable technology and readiness for a second growth curve [1]

值得注意的是，图达通的产品应用已从乘用车领域，拓展至商用车、机器人等更广阔的赛道。公开资料 显示，图达通已获得深向Deepway、陕汽重卡、赢彻科技、九识智能等行业头部企业的大规模订单。业 内人士表示，这表明图达通不仅拥有可靠的技术，更为第二增长曲线做好了准备。 智通财经APP获悉，图达通(02665)午后涨超20%，截至发稿，涨9.73%，报14.55港元，成交额2469.96万 港元。 公开资料显示，图达通是全球图像级激光雷达解决方案提供商，作为激光雷达的头部企业，图达通凭借 技术突破与量产能力，取得了多项行业领先成就。据灼识咨询数据，图达通是全球首家实现车规级高性 能激光雷达解决方案量产的供应商，2022年至2024年期间ADAS激光雷达解决方案累计销售收入全球排 名第二。 ...

Core Viewpoint - Tuda Technology (2665.HK) experienced a significant surge of over 20%, reaching HKD 16.01, highlighting its strong market performance and investor interest [1] Company Overview - Tuda Technology is a leading global provider of image-grade LiDAR solutions, recognized for its technological breakthroughs and mass production capabilities [1] - The company is the first in the world to achieve mass production of automotive-grade high-performance LiDAR solutions [1] Financial Performance - Tuda Technology's revenue has shown steady growth, with total revenue increasing from USD 66.3 million in 2022 to USD 159 million in 2024, reflecting a compound annual growth rate (CAGR) of 55.1% [1] Market Expansion - The application of Tuda Technology's products has expanded beyond passenger vehicles to commercial vehicles and robotics, indicating a broader market reach [1] - The company has secured large-scale orders from industry leaders such as Deepway, Shaanxi Heavy Duty Automobile, Wincher Technology, and Jiushi Intelligent, demonstrating its reliable technology and readiness for the next growth phase [1]

Core Viewpoint - Tuda Technology (2665.HK) experienced a significant surge of over 20%, reaching HKD 16.01, highlighting its strong market position as a leading provider of image-grade LiDAR solutions [1] Group 1: Company Overview - Tuda Technology is recognized as a top-tier company in the LiDAR industry, achieving multiple industry-leading milestones due to its technological breakthroughs and mass production capabilities [1] - The company is the first globally to achieve mass production of automotive-grade high-performance LiDAR solutions [1] Group 2: Financial Performance - Tuda Technology's revenue has shown steady growth, with total revenue increasing from USD 66.3 million in 2022 to USD 159 million in 2024, reflecting a compound annual growth rate (CAGR) of 55.1% [1] Group 3: Market Expansion - The application of Tuda Technology's products has expanded beyond passenger vehicles to commercial vehicles and robotics, indicating a broader market reach [1] - The company has secured large-scale orders from leading industry players such as Deepway, Shaanxi Heavy Duty Truck, Wincher Technology, and Jiushi Intelligent, demonstrating its reliable technology and readiness for the next growth phase [1]

禾赛-W(02525)再涨近5%，截至发稿，涨4.44%，报162.2港元，成交额2312.88万港元。 值得注意的是，禾赛获此前纳入恒生综合指数成份股，已于12月8日(星期一)起正式生效。此次获纳入 指数成分股反映资本市场对公司业务表现与价值的高度认可。分析指出，禾赛后续有望获纳入港股通， 进一步拓宽投资者基础，吸引内地增量资金。 消息面上，禾赛科技宣布，禾赛远距激光雷达ATX已量产搭载于吉利银河V900。同时，禾赛远距激光 雷达AT系列获得吉利银河品牌2025和2026年多款车型定点，并将陆续量产交付。 ...

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].

图达通成立于2016年，作为激光雷达的头部企业，图达通凭借技术突破与量产能力，取得了多项行业领 先成就。据灼识咨询数据，图达通是全球首家实现车规级高性能激光雷达解决方案量产的供应商，2022 年至2024年期间ADAS激光雷达解决方案累计销售收入全球排名第二。 全球图像级激光雷达解决方案提供商Seyond图达通(2665.HK)今日以De-SPAC方式正式在港交所上市， 盘初股价拉升一度涨超50%至15.66港元，市值突破200亿港元。 财务方面，图达通的收入稳步增长，同时盈利能力持续改善。根据最新招股书，图达通2025年前9个 月，交付了约18.1万台车规级激光雷达，同比增长7.7%。同时2025年前五个月更是实现12.9%的毛利 率，这一关键指标的改善，标志着图达通产品盈利进入正向循环。 ...

Core Viewpoint - RoboSense has secured a new mass production contract with FAW Toyota for a well-known bestselling model, with a cumulative order scale of nearly 1 million units over five years, showcasing its leading technology in digital lidar [1] Group 1: Company Developments - RoboSense's stock price increased by approximately 4%, reaching HKD 33.9, with a trading volume of HKD 114 million [1] - The company has previously secured a three-year exclusive contract for a pure electric model from FAW Toyota, indicating strong partnerships with major automotive manufacturers [1] - Cumulative orders from international automakers, including Audi and Volkswagen, have exceeded 1 million units, reflecting the company's growing market presence [1] Group 2: Industry Performance - In November, the delivery of lidar units surpassed 150,000, indicating robust demand in the automotive and robotics markets [1] - RoboSense's digital lidar technology is supported by self-developed chips and advanced digital architecture, contributing to its expanding delivery scale and collaborative ecosystem [1]

Group 1 - Hesai Technology's stock surged nearly 8% in Hong Kong, leading to a more than 5% pre-market increase in its US shares [1] - The company recently launched the Fermi C500, a high-performance intelligent main control chip for LiDAR based on RISC-V architecture [1] - Hesai also introduced the world's only "photon isolation" safety technology, which is now integrated into its main LiDAR products like ATX and ETX, enhancing safety and reliability with a physical "zero false alarm" capability [1] Group 2 - The closing price of HSAI on December 3 was $19.210, with a pre-market price of $20.240 on December 4, reflecting a 5.36% increase [2] - The stock's trading volume was 913,200 shares, with a total transaction value of approximately $17.47 million [2] - Hesai's total market capitalization is approximately $2.999 billion, with a total share count of 156 million [2]

Core Viewpoint - Hesai Technology has launched new products including the self-developed high-performance main control chip "Fermi C500" and an upgraded version of the 256-line high-end LiDAR ATX, which has received over 4 million orders and is set for mass production in April 2026 [1] Group 1: Product Launch and Performance - Hesai Technology held a technology open day at its Maxwell Global R&D Manufacturing Center in Shanghai, showcasing its new products [1] - The flagship ATX upgraded version of the 256-line LiDAR has a maximum detection range of 230 meters and performance doubled compared to the previous generation [1] - The photon isolation technology developed by Hesai has ten times the channel count of traditional SPAD solutions, effectively suppressing "ghosting" and enhancing system safety boundaries [1] Group 2: Market Position and Delivery - The cumulative delivery of LiDAR units by Hesai surpassed 2 million by mid-November 2025, with a monthly production and global delivery exceeding 200,000 units for the first time in September [1] - Hesai has maintained the leading market share in China's main LiDAR market for eight consecutive months and ranks first in the shipment volume of 3D LiDAR for robotics [1]