本报记者 刘诗瑶 图①：S波段双偏振相控阵天气雷达。 图 ②：相控阵非相干散射雷达。 以上图片均为中国电子科技集团提供 恶劣天气里，实现航班起降动态预测；广袤农田上，助力庄稼抵御病虫害侵袭；隧道施工中，精准掌握 地下错综复杂的环境；排除积雪厚度，助力珠峰测高更加精确……这些关系国计民生的重要领域，背后 都有雷达技术作支撑。近年来，我国科研人员自主研制了多型雷达产品，不仅服务于国防事业，还在民 用领域广泛应用，深刻改变着生产生活。 观测"千里眼" 捕捉监测几百到上千公里外的太空中微小电子 想要用肉眼看到几百公里外的一根蜡烛，无疑是天方夜谭。但借助雷达，人们就可以拥有"千里眼"。 一款目前国际上口径最大、功率最高的相控阵非相干散射雷达，则可以对微弱的散射信号进行分析放 大，捕捉监测几百到上千公里外的太空中微小电子的"一举一动"。 90秒内完成40层体积扫描，空间分辨率达75米，采用分布式发射和接收技术，可靠性由600小时提升至 3000小时以上……北京大兴国际机场，C波段全数字有源相控阵天气雷达在全球首次实现最新雷达体制 在民航领域的应用，使气象目标探测精细化、快速化。 实现空、天、地、海无所不在的时空智能，雷达 ...

Core Viewpoint - Shenzhen Ledong Robot Co., Ltd. is planning to pursue an IPO in Hong Kong, focusing on both its core business of LiDAR technology and its expansion into the lawn mowing robot sector [1][4]. Group 1: Company Overview - Ledong Robot is currently the leading company in the dToF LiDAR market, with over 720,000 units shipped last year [2][4]. - The company has achieved a compound annual growth rate (CAGR) of 41.4%, with total revenue increasing from 233 million yuan in 2022 to 467.3 million yuan in 2024 [2]. - Despite revenue growth, the company reported net losses of 73.1 million yuan in 2022, 68.5 million yuan in 2023, and 56.5 million yuan in 2024 [2]. Group 2: Product and Technology - Ledong Robot's LiDAR products include various types such as dToF, triangulation LiDAR, solid-state linear LiDAR, single-point LiDAR, 3D structured light sensors, ultrasonic sensors, and four-eye matrix vision sensors [2]. - The dToF LiDAR technology has achieved a 40% reduction in size and a 25% decrease in power consumption, meeting the design needs for lightweight and low-power robots [2]. Group 3: Market Position and Strategy - The company serves seven out of the top ten global household service robot companies and five out of the top five commercial service robot companies [2]. - Ledong Robot is positioning itself as the first provider of consumer-grade MINI dToF LiDAR, focusing on applications in household, commercial, and industrial robots [4]. - The company is also entering the lawn mowing robot market, with revenue from this segment increasing from 63,000 yuan in 2023 to 2.327 million yuan in 2024, accounting for 5% of total revenue [5]. Group 4: Industry Trends - The global lawn mowing robot market is expected to exceed $1.5 billion in 2024 and reach $3.9 billion by 2029, with a CAGR of 21% [6]. - Other LiDAR companies, such as Suteng Juchuang, are also entering the lawn mowing robot sector, indicating a competitive landscape [6].

此外，承泰科技还面临供应链风险。公司可能经历供应短缺、交货期长以及原材料及关键部件成本增加 的影响，这些因素都可能导致供应链中断、增加生产成本、对盈利能力造成不利影响，并可能导致延期 交货。 6月23日，深圳承泰科技股份有限公司（以下简称"承泰科技"）向港交所提交上市申请书，独家保荐人 为国泰君安融资有限公司。 承泰科技是一家专注于毫米波雷达技术的领先供应商，其产品是中国汽车产业变革中快速崛起的智驾核 心部件。根据灼识咨询的资料，于2024年，按出货量计，承泰科技是中国国内最大车载前向毫米波雷达 供应商，市场份额为9.3%；按出货量计，该公司是中国第三大车载毫米波雷达供应商，市场份额为 4.5%。 承泰科技的业务模式是开发、制造及销售雷达产品，附有标准硬件及客制化软件，量身打造配合OEM 的具体集成需求、性能标准和兼容性要求。公司将软件和算法能力与雷达硬件结合，提升在不同车型上 的适配性，从而精简OEM的研发、测试及量产流程。承泰科技在深圳和苏州设有生产基地，根据客户 需求、产品定位和交付安排生产雷达产品，有效降低了供应链风险，确保产品质量一致，并提升营运效 益。 在财务表现方面，承泰科技的营收呈现快速增长态 ...

在低空经济这一蓬勃发展的新赛道上，雷达技术如同"空中交警"，是保障低空飞行安全、推动产业有序 发展的核心要素。然而，部分关键雷达技术长期依赖进口，成为制约我国低空经济高质量发展的"卡脖子"难 题 。 八阵图自主研发的四面阵测雨雷达。 在西安，有一群怀揣科技报国理想的追光者勇挑重担，凭借对雷达技术的不懈钻研，自主研发出填补国 内多项技术空白的创新成果，为低空经济装上"中国造"雷达天眼。他们在低空经济这片新兴蓝海中破浪前 行，勾勒出属于中国科技企业的精彩版图。 破釜沉舟 两代人的技术接力 在西安龙首原地铁站旁一间老旧的民房里，电脑屏幕的蓝光映在朱鸿熙的脸上。手边的泡面早已凉透， 但他却浑然不觉，仍全神贯注盯着雷达波形图……这是2016年朱鸿熙团队创业初期的常态，4人团队挤在民房 里办公，资金链几近断裂。"失败意味着负债一生，必须奋力一搏。"面对困境，朱鸿熙咬牙抵押了自己唯一 的住房。 朱鸿熙的创业动力源于父亲。在朱鸿熙的记忆中，作为雷达领域的专家，父亲为了突破"卡脖子"技术， 常常废寝忘食地在实验室一泡就是数月。怀揣"科技报国"的梦想，2016年，朱鸿熙从美国俄勒冈州立大学电 子工程信息专业取得硕士学位，坚定地回 ...

首批订单约定三年内合作120万台。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， RoboSense速腾聚创与Mammotion库犸科技 日前 达成战略合作，双方将共 同开发基于车规级全固态激光雷达技术的高端智能割草机器人解决方案，首批订单约定三年内合作 120万台。 双方合作的行业首款搭载固态激光雷达的高端割草机器人 ——搭载RoboSense速腾聚创E平台数字 化固态激光雷达技术的Mammotion LUBA mini AWD LiDAR，已于2025年4月正式发布。该款割 草机器人搭载的定制版固态激光雷达，集成全球首款数字化SPAD-SoC芯片和2D VCSEL芯片，通 过120°×90°超广视场角、144线超高线数及每秒26万点的探测能力，拥有高性能、高可靠性与高集 成度等引领性优势，成为高端割草机器人的标志性配置，为Mammotion LUBA mini AWD LiDAR 带来导航精度与环境适应能力的重大突破，帮助割草机器人精准探测地形并识别99%以上庭院障碍 物，碰撞风险降低90%，能轻松应对1500平方米复杂庭院，实现精准骑乘 ...

禾赛科技今日宣布，获得长城旗下新能源品牌欧拉汽车下一代车型独家定点合作。搭载禾赛激光雷达的 欧拉车型预计将于今年内量产并逐步交付至用户。未来，禾赛将继续与长城旗下包括欧拉、魏牌在内的 多个汽车品牌紧密合作，共同推动激光雷达技术普及，通过"隐形的安全气囊"。(智通财经) ...

" 一条搅动割草机器人行业的鲶鱼 。 " 作者丨路遥 编辑丨余快 今年2月8日，追觅割草机器人出货量突破10万台的消息，引起一阵热议。 行业大都持怀疑态度，"出货数据一定有水分""肯定卖一台亏一台"。 针对饱受争议的出货数据， 雷峰网独家获悉，追觅割草机器人截止今年2月底的10万台，包括2万台销售 订单，8万台代理商拿货。3月底4月初的日销售订单都超过500台。 预计总出货量很快将突破15万台，向20万台冲刺。 目前，国内割草机普遍采用"RTK+视觉"的技术路线，激光雷达并非主流选择。 激光雷达作为割草机上最贵的零部件，即便逐渐降本，相比"RTK+视觉"方案，依然贵得多。同行对于是 否上马激光雷达都持谨慎态度。 因此，追觅的激光雷达方案起初并不被看好。 耐人寻味的是，在雷峰网多方调研中，行业不少人认为追觅是最有希望冲击"割草机器人Top3"的企业之 一。 "追觅是个很强的玩家，别看用的是激光雷达方案。" 业内人士李方感叹。 2025年，割草机器人市场注定硝烟四起，追觅或许依然难逃争议，但势必会异常凶猛。两极分化的外界评 价，反倒为这一品牌添了几分神秘的战斗色彩。 （2025 年追觅在割草机器人行业势头正盛，关 ...

华尔街见闻获悉，4月25日，由国家市场监督管理总局、国家标准化管理委员会批准，禾赛作为牵头单 位及第一起草单位主持编制的《车载激光雷达国家标准GB/T 45500-2025》正式发布并实施。该标准于 2021年开始预研，2023年3月正式获批立项，三年联合五十余家行业企业共同制定，填补了国内车载激 光雷达技术标准的空白。 ...

Financial Data and Key Metrics Changes - Total revenue in Q4 2024 was $0.1 million, a decrease from $0.35 million in Q4 2023. For the full year 2024, total revenue was $0.8 million compared to $1.5 million in 2023 [17] - Gross margin loss for Q4 2024 was $0.2 million, consistent with Q4 2023. The full year gross margin loss for 2024 was $0.8 million compared to a break-even gross margin in 2023 [18] - Operating loss for Q4 2024 was $12.8 million, compared to a loss of $12.1 million in Q4 2023. The full year operating loss totaled $49.7 million, up from $46.9 million in 2023 [21] - Net loss in Q4 2024 was $12.2 million, compared to a net loss of $9.3 million in Q4 2023. The full year net loss for 2024 was $49.3 million, compared to a loss of $43.5 million in 2023 [21] Business Line Data and Key Metrics Changes - The company reported a backlog of $0.3 million as of December 31, 2024 [18] - R&D expenses for Q4 2024 were $9 million, up from $8.4 million in Q4 2023. For the full year, R&D expenses totaled $35.1 million compared to $34.1 million in 2023 [20] Market Data and Key Metrics Changes - The company highlighted significant opportunities for growth in the non-automotive market, particularly through collaborations with key partners [12] - The company expects to ship around 5 million imaging radar chipsets to customers by 2030 based on current engagements [13] Company Strategy and Development Direction - The company is focused on driving radar technology evolution and enhancing customer relationships, with a commitment to innovation [5][6] - Collaborations with major players like NVIDIA and partnerships with top global auto OEMs are central to the company's strategy [7][8] - The company aims to pursue four design-ins with automakers in 2025, with projected annual revenue between $2 million to $5 million [24] Management's Comments on Operating Environment and Future Outlook - Management noted that while broader economic shifts have led to delays in automakers' rollout of advanced driver assist systems, the total addressable market continues to expand [24] - The company remains optimistic about its market potential, supported by recent fundraising initiatives totaling nearly $17 million [15][23] Other Important Information - The company raised gross proceeds of $54.5 million in January 2025, enhancing its financial stability [23] - The company maintains a strong focus on R&D to ensure continuous innovation and technological advancements [20] Q&A Session Summary Question: What programs are expected to drive $1 million-plus revenue quarters towards the end of 2025? - Management identified three leading projects in final stages: Tianyi (non-automotive), trucks in Europe, and a collaboration with HiRain for a Chinese car manufacturer [31] Question: What is the current cash balance and share count post-fundraising? - The current cash balance is approximately $73 million, with a share count of 85.7 million [35][38] Question: Can you provide an update on the China EV market opportunity? - The company noted that Chinese car manufacturers are focusing on launching self-driving services and are looking for radar solutions to enhance their offerings [39] Question: What is the status of discussions with OEMs? - Management indicated that evaluations with OEMs are in final stages, with the company shortlisted against one or two competitors [44] Question: What is the expected operating expense trajectory over the next few years? - The company expects operating expenses to remain similar over the next few years, with additional investments in next-generation technologies [47]

科创板投资风险提示 本次股票发行后拟在科创板市场上市，该市场具有较高的投资风险。科创板公司具有研发投入大、经 营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解科创板市场 的投资风险及本公司所披露的风险因素，审慎作出投资决定。 广东纳睿雷达科技股份有限公司 （Naruida Technology Co., Ltd.） （珠海市唐家湾镇港乐路 2 号） 首次公开发行股票并在科创板上市 招股说明书 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 保荐人（主承销商） 广东纳睿雷达科技股份有限公司 招股说明书 本次发行概况 | 发行股票类型 | 人民币普通股（A 股） | | --- | --- | | | 本次向社会公众发行 3,866.68 万股，占公司发行后总股本 | | 发行股数 | 的比例约为 25.00%；本次发行全部为新股，本次发行不涉 及老股转让 | | 每股面值 | 人民币 1.00 元 | | 每股发行价格 | 46.68 元 | | 发行日期 | 年 月 日 2023 2 20 | | 上市的证券交易所 | 上海证券交易所科创板 | | 发行后总股本 ...