Core Viewpoint - The article highlights the significant market opportunity for domestic high-precision laser sensors in China, emphasizing the current low domestic market penetration and the potential for growth through innovation and local production [4][6][12]. Company Overview - Shaoxing Juqiang Intelligent Technology Co., Ltd. (Juqiang Intelligent) recently completed a multi-million yuan Pre-A round of financing, led by Shanghai Honghui, to expand its production capabilities and product lines [6]. - Founded in 2019, Juqiang Intelligent focuses on the research and manufacturing of long-range high-precision laser sensors, with products already applied in various sectors including elevators, logistics automation, and intelligent manufacturing [6][11]. Market Context - The high-precision laser sensor market in China is currently dominated by foreign brands, with domestic market penetration below 5%. This presents a significant opportunity for local manufacturers to capture market share [4][7]. - The global sensor market is experiencing rapid growth, and there is a strong demand for domestic alternatives in high-end applications [8]. Technology and Product Development - Juqiang Intelligent utilizes dToF (Direct Time-of-Flight) technology, which has traditionally faced challenges in precision. The company has developed automated calibration tools that enhance the precision of dToF sensors from centimeter-level to millimeter-level, achieving a measurement speed of 500 times per second [8]. - The company's laser sensors are designed to operate effectively in outdoor environments, overcoming limitations of existing iToF (Indirect Time-of-Flight) solutions, which are primarily suited for indoor use [8][11]. Applications and Market Penetration - Juqiang Intelligent's products are being adopted in critical industries such as elevators and logistics automation, with significant contracts from major clients like BYD and various elevator system providers [11][12]. - The company aims to expand its applications into aerospace, low-altitude economy, and embodied intelligence, having already established collaborations with organizations like China Aerospace [11]. Investment Perspective - Investors view Juqiang Intelligent as a leading player in the domestic high-precision laser sensor market, with a clear path for growth and scalability. The company is expected to leverage its experience in the elevator sector to penetrate broader industrial markets [12].