ADAS领域，速腾聚创持续巩固市场领先地位。截至公告日期，已累计获得32家汽车整车厂及一级供应商的144款车型量产定点订单，其中47款车型已 实现SOP。2025年4月推出的EM数字激光雷达平台备受市场认可，已斩获13家车企56款车型定点，包括一家全球领先新能源车企的36款车型订单。 EM4、EMX等核心产品已搭载于极氪9X、智己LS6、智己LS9等重磅车型，同时收获海外市场多个大额订单，包括欧洲最大汽车集团合资品牌超50万 台订单、北美新能源车企独家订单等，覆盖亚太、欧洲、北美核心区域。 Robotaxi及Robotruck领域，数字化激光雷达替代机械雷达成为行业趋势，速腾聚创的"EM4+E1"组合成为行业标配。公司已与滴滴自动驾驶、百度、小 马智行、文远知行等全球90%以上的头部L4级自动驾驶企业达成量产合作，其中滴滴新一代Robotaxi将搭载10颗车规级数字化激光雷达，小马智行第 七代Robotaxi搭载4颗全固态数字激光雷达。北美市场客户计划于2025年底扩大运营车队规模，2026年启动量产落地。 机器人业务实现爆发式增长，公司产品已服务全球超3400家机器人客户。在割草机器人领域，E1R、Airy ...

Core Viewpoint - RoboSense (速腾聚创) is experiencing significant growth in both its ADAS and robotics businesses, driven by the successful implementation of digital lidar technology and advancements in chip development [3][13][15]. Financial Performance - In Q2 2025, RoboSense reported total revenue of approximately 460 million yuan, representing a year-on-year increase of 24.4% and a quarter-on-quarter increase of 38.9% [3]. - The overall gross margin improved from 12.3% in Q1 2024 to 27.7% in Q2 2025, marking six consecutive quarters of growth [3]. - The robotics segment achieved a gross margin of 41.5%, with product sales reaching 34,400 units, a year-on-year increase of 631.9% and a quarter-on-quarter increase of 189.1% [6]. Business Segments ADAS Business - RoboSense's EM platform has secured contracts with eight OEMs for 45 vehicle models, including 32 models for a leading global EV manufacturer [9]. - The company has achieved a total of 133 contracts for mass production vehicles, including projects with eight overseas and joint venture brands [9]. - RoboSense has reached a milestone of producing its one-millionth vehicle-mounted lidar, maintaining its leadership in the global market [11]. Robotics Business - The robotics business has expanded to over 3,200 global customers, with significant growth expected in the coming months [17][24]. - The E1 lidar has become the preferred solution for Robotaxi applications, with successful mass production validation with eight leading global clients [18]. - The company anticipates a surge in demand for its robotics products, particularly in the lawn mowing sector, with a production peak expected in Q4 2025 and Q1 2026 [24]. Technological Advancements - RoboSense has pioneered the digital lidar industry with its E platform, which includes the E1 lidar, the first mass-produced solid-state lidar [13]. - The EM platform, designed for long-range lidar, is set to begin mass production with the EM4 model in Q3 2025 [14]. - The company emphasizes that the future competition in lidar technology will focus on chip-level capabilities, with its self-developed SPAD-SoC chip expected to drive continuous product iterations and market leadership [15]. Market Position - RoboSense has established partnerships with over 90% of leading L4 companies globally, expanding its operational network in key markets [22]. - The company is also making strides in the consumer-grade robotics market, with significant orders in the lawn mowing and delivery sectors [22][23].

Summary of the Conference Call for SUTENG JUCHUANG Company Overview - **Company**: SUTENG JUCHUANG - **Industry**: LiDAR technology and robotics Key Financial Performance - **Q2 2025 Revenue**: RMB 455 million, up 24.4% YoY and 38.9% QoQ [3] - **Total LiDAR Sales**: 158,200 units in Q2, up 28.6% YoY and 45.7% QoQ [3] - **Gross Margin**: Increased to 27.7%, marking the sixth consecutive quarter of growth [4] - **Net Loss**: Reduced by 63.6% YoY and 49.6% QoQ [4] Product Developments - **Launch of e Platform**: The first all-solid-state digital LiDAR platform, with the first product "Ivan" in mass production [2][5] - **EM Platform**: Long-range LiDAR platform expected to enter mass production in Q3 2025, with significant model adoption [2][5] - **Active Camera (AC)**: New product line aimed at enhancing robotic perception capabilities, with the second model "AC Two" set to launch in H2 2025 [3][12] Market Trends and Predictions - **LiDAR Technology Competition**: The core technology competition is shifting towards chip technology, indicating a future focus on chip development [2][6] - **Digital LiDAR Features**: Integration of chip transceiver systems and echo feature recognition into SPAD SoC chips to improve performance in adverse weather conditions [7] - **Growth in Non-Automotive Business**: Significant growth in non-automotive sectors, with partnerships established in industrial warehousing and autonomous delivery [10][11] Sales and Market Penetration - **Automotive Sector**: Achieved 1 million units of vehicle-mounted LiDAR delivered, with 133 models adopted globally [9] - **Robotaxi Market**: Strong demand for high-performance LiDAR in the robotaxi sector, with significant partnerships established [25][26] - **Sales in Robotics**: Revenue from robotics and other applications surged by 180.8% YoY, reaching RMB 220.7 million [15] Cost and Profitability - **Sales Cost**: Decreased by 7.7% YoY due to lower raw material costs [18] - **Gross Profit**: Increased by 106% YoY, with a gross margin of 25.9% [18] - **R&D and Marketing Expenses**: Slight decrease in R&D expenses by 1.5%, while marketing expenses remained stable [19][20] Strategic Insights - **Competitive Landscape**: EMX product is positioned as a leading solution in the L2 market, with significant performance and cost advantages over competitors [22][23] - **Future Outlook**: Anticipation of increased market share in the robotaxi segment and continued innovation in chip technology to maintain competitive edge [26][27] Conclusion SUTENG JUCHUANG is experiencing robust growth in both automotive and non-automotive sectors, driven by innovative product launches and strategic partnerships. The company is well-positioned to capitalize on the evolving LiDAR technology landscape and the increasing demand for advanced robotics solutions.

Core Viewpoint - The introduction of the new generation of high-line digital lidar technology, particularly the 520-line digital lidar from Suoteng Juchuang, is expected to enhance safety and performance in advanced driving assistance systems [2][4][6]. Group 1: Product Launch and Features - The new SUV "Zhi Ji LS6" from Zhi Ji is equipped with the Nvidia Thor chip for advanced driving assistance and features the 520-line "super laser radar" from Suoteng Juchuang, promising a smoother and safer driving experience [2]. - Suoteng Juchuang's 520-line digital lidar is currently in mass production and is recognized as the highest performance lidar product for production vehicles [4]. Group 2: Industry Recognition and Trends - The continuous adoption of the 520-line lidar by high-end models from SAIC Group and Geely Group indicates industry recognition and maturity of Suoteng Juchuang's digital lidar technology, setting a benchmark for the industry [6]. - The vertical resolution of the 520-line lidar has improved nearly threefold compared to previous generations, allowing for precise detection of small obstacles even in adverse weather conditions [6]. Group 3: Technological Advancements - Digital lidar technology processes photon information digitally, enhancing resolution, precision, and integration capabilities, which marks a significant advancement over traditional lidar systems [7]. - Suoteng Juchuang has developed the world's first SPAD-SOC chip, which is crucial for digital lidar technology, enabling the company to lead in the mass production of digital lidar products [7][8]. Group 4: Future Outlook - As automotive intelligence continues to evolve, the safety of advanced driving systems will become a primary focus for manufacturers, with lidar technology playing a critical role [8]. - The emergence of high-line digital lidar, represented by Suoteng Juchuang's 520-line lidar, is expected to usher in a new phase in the lidar industry, benefiting companies with chip development capabilities and early digitalization strategies [8].

Core Viewpoint - RoboSense (速腾聚创) is experiencing explosive growth in its robotics business, driven by high-margin products and strategic advancements in digital lidar technology, positioning itself as a leader in the global lidar market [2][5][9]. Financial Performance - In Q1 2025, RoboSense reported revenue of 328 million RMB, with ADAS lidar revenue at 229 million RMB and robotics lidar revenue at 73 million RMB, marking an 87% year-on-year increase [2]. - The company's gross margin improved by 11.2 percentage points to 23.5%, while net loss narrowed by 24.4% to 98.79 million RMB [5]. Market Position and Orders - As of March 2025, RoboSense secured over 100 mass production orders from 30 automotive manufacturers and suppliers, with 38 models achieving SOP for 12 clients [7]. - The company holds a leading position in the global automotive lidar market, with a 50% share of lidar-equipped models showcased at the Shanghai Auto Show [9]. Product Development and Innovation - RoboSense launched two new solid-state digital lidar products, E1R and Airy, designed specifically for robotics applications, enhancing reliability and coverage [13]. - The company has established partnerships with over 90% of core Robotaxi and Robotruck enterprises globally, with projected sales growth of 41% in the Robotaxi sector by 2026 [11]. Industry Trends and Future Outlook - The global market for robotic lawnmowers is expected to exceed $1.5 billion in 2024, with a compound annual growth rate of 21% projected through 2029 [17]. - RoboSense's self-developed SPAD-SoC chip technology significantly reduces costs by over 70%, solidifying its competitive edge in the lidar market [21][22].