Core Viewpoint - Sutech JuChuang (02498) has seen a stock price increase of over 5%, currently trading at 32.42 HKD, following the announcement of a partnership with Didi Autonomous Driving for a new generation of Robotaxi models [1] Group 1: Company Developments - Sutech JuChuang has announced a strategic partnership with Didi Autonomous Driving to develop a new generation of Robotaxi vehicles [1] - The company will provide its unique mass-producible ultra-high line count digital main lidar EM4 and all-solid-state blind spot digital lidar E1 for Didi's Robotaxi models [1] - The collaboration aims to achieve comprehensive perception capabilities through a combination of 10 digital laser radars on a single vehicle, enhancing both long-range precision recognition and near-range blind spot elimination [1] Group 2: Industry Impact - The partnership is expected to set a new benchmark for autonomous driving vehicles, focusing on all-time, all-weather operational capabilities [1]

Core Insights - RoboSense has demonstrated significant growth in its financial performance, with total revenue reaching approximately 460 million yuan in Q2 2025, marking a year-on-year increase of 24.4% and a quarter-on-quarter increase of 38.9% [1] - The company has achieved a continuous improvement in gross profit margin, which rose from 12.3% in Q1 2024 to 27.7% in Q2 2025, with the robotics sector achieving a gross margin of 41.5% [1] - The sales volume of robotics products surged to 34,400 units, reflecting a year-on-year increase of 631.9% and a quarter-on-quarter increase of 189.1% [1] Financial Performance - Total revenue for Q2 2025 was approximately 460 million yuan, representing a 24.4% increase year-on-year and a 38.9% increase quarter-on-quarter [1] - The overall gross profit margin improved to 27.7%, up from 12.3% in Q1 2024, marking six consecutive quarters of growth [1] - The robotics business generated approximately 150 million yuan in revenue, with a quarter-on-quarter growth of 100.7% [1] Product Development - The company has leveraged its self-developed chip technology to create a digital product matrix centered around the E platform and EM platform, catering to various applications such as Robotaxi and ADAS [2] - The EM4 and EMX laser radars are set for large-scale production in Q3 2025, with expectations for rapid market penetration by 2026 [2] - The E1 solid-state laser radar has entered mass production and is positioned as the preferred choice for L3 and L4 autonomous driving applications [2] Market Expansion - RoboSense has secured contracts with eight major OEMs for 45 vehicle models, including 32 models from a leading global new energy vehicle manufacturer [3] - The company has achieved a milestone of producing its one millionth vehicle-mounted laser radar, maintaining its leadership in the global market [3] - RoboSense has established partnerships with over 90% of leading L4 companies globally, expanding its commercial operations in key markets [5] Robotaxi Market - The company is rapidly capturing the Robotaxi market, with the E1 radar being the preferred solution for large-scale operations [4] - RoboSense has completed product validation with eight major Robotaxi clients, advancing towards mass production and commercial operations [4] - Collaborations with companies like Didi and GAC Aion are set to enhance the deployment of Robotaxi models equipped with E1 radars [4] Robotics Sector Growth - The robotics market has shown robust growth, with significant partnerships established in various sectors, including lawn mowing and delivery services [7] - The company has launched innovative products like E1R and Airy, achieving breakthroughs in multiple fields [7] - RoboSense's "AI + Robotics" strategy has led to the introduction of the Active Camera platform, with plans for further product releases to meet advanced perception needs [8]