2026年1月5日，据RoboSense速腾聚创官方信息，真正的机器人操作之眼AC2将在CES 2026中面向全球 机器人市场展出。 据悉，AC2是业界首款同时集成全固态dToF激光雷达、双目RGB相机、IMU的超级传感器系统，将帮 助目前机器人突破跨复杂场景精细操作难题，可广泛应用于人形机器人、仓储AGV、家庭机器人、数 字孪生等场景。 AC2可为机器人提供底层硬件融合的3D空间感知和6自由度运动信息，在8米的探测范围内保持±5mm的 稳定测距精度*，结合1600×1200高分辨率RGB图像，可清晰还原三维细节，感知细小物体。 AC2采用超大FOV设计，无论是融合感知，还是dToF、双目、RGB等单一传感器模式，均能提供 120°×90°的一致大视野，较传统3D相机提升70%以上。得益于RoboSense多传感器芯片级硬件同步控制 技术，AC2的融合感知同步精度＜1ms，极致对齐多种信息。同时，采用全局快门，杜绝单帧内果冻效 应，进一步提升同步精度，让操作行云流水。 AC2采用耐磨玻璃盖板，整机尺寸仅有L102×H32×D45(mm)，可以轻松嵌入人形机器人脸部、机器狗头 部、机械臂末端等狭窄空间。65mm ...

Group 1 - The core achievement of GESON Technology in the 2025 Shenzhen Intelligent Robot Dexterous Hand Competition, winning the championship by setting a new limit for long-range delivery tasks, is supported by RoboSense's VLA model and advanced sensor systems [1][3][9] - The competition showcased the industry's leading capabilities in robot-eye coordination technology, emphasizing the commercial strength of creating industrial value through collaboration [3][9] - The event attracted 53 high-level teams from various regions, highlighting the significance of the competition in the context of the "robot mass production year" [9] Group 2 - RoboSense's recent video release demonstrated the robot's ability to perform complex tasks, indicating the integration of its core technologies aimed at flexible automation in delivery, manufacturing, and logistics [5][13] - The competition tested robots under real-world conditions, including human traffic and elevator sharing, emphasizing the challenges faced in the last 100 meters of delivery [11][13] - The success of GESON Technology illustrates the potential for RoboSense's AI robot technology to support autonomous completion of complex tasks, establishing a comprehensive technological barrier from foundational technology to application [11][13]

Group 1 - The core achievement of GESUN Technology in the Shenzhen Intelligent Robot Dexterous Hand Competition is the successful completion of long-range delivery tasks, showcasing the advanced capabilities of RoboSense's VLA model and Active Camera technology [2][8] - The competition attracted 53 high-level teams from various regions, emphasizing the significance of dexterous hand technology in the context of the "last centimeter" operational capabilities [8] - GESUN Technology's victory demonstrates the effectiveness of RoboSense's AI robotic technology, which supports autonomous completion of complex tasks, establishing a comprehensive technological barrier from foundational technology to application [10][12] Group 2 - The rapid development of the unmanned delivery industry is highlighted, with existing applications in warehousing and transportation, but challenges remain in the "last 100 meters" delivery due to complex terrain and human interference [12] - The competition was designed to address real-world challenges in last-mile delivery, including human traffic and shared elevator usage, providing high application-oriented value [12] - The innovative hand-eye coordination technology showcased in the competition indicates the potential for expanding applications beyond immediate delivery to areas like smart elderly care and smart home services [12]

Core Viewpoint - RoboSense's technology has demonstrated its industry-leading capabilities in robotic hand-eye coordination, as evidenced by the victory of Gason Technology in the 2025 Shenzhen Intelligent Robot Dexterous Hand Competition, showcasing the commercial strength of creating industrial value through real-world applications [1][2][4]. Group 1: Competition Overview - The Dexterous Hand Competition is China's first professional event focusing on robotic end-effector technology, featuring complex tasks such as retrieving packages from delivery lockers and navigating through dynamic environments [2][3]. - Gason Technology emerged as the champion among 28 competing teams, supported by RoboSense's dexterous hand and advanced sensor systems [2][3]. Group 2: Technological Capabilities - RoboSense provided Gason Technology with a comprehensive AI robotic technology that ensures a closed-loop of "perception-decision-control," enhancing the accuracy and fluidity of robotic operations [4][5]. - The dexterous hand successfully completed tasks in challenging conditions, such as folding and retrieving packages from a delivery box with a height of only 7 cm, demonstrating exceptional hand-eye coordination [4][5]. Group 3: Industry Implications - The rapid development of the unmanned delivery industry is highlighted, with existing applications in warehousing and transportation, but challenges remain in the "last 100 meters" delivery due to complex terrains and human interference [7]. - The competition's focus on real-world delivery scenarios emphasizes the practical application value of RoboSense's technology, potentially extending its use to areas like smart elderly care and intelligent home services [7].

Core Insights - The global lidar industry is experiencing rapid growth, with a Chinese company achieving three global firsts: leading market share in automotive ADAS lidar installations, leading market share in the Robotaxi sector, and the fastest growth in robotic lidar [1] - The company, SUTENG, went public on the Hong Kong Stock Exchange on January 5, 2024, becoming the first lidar stock in Hong Kong, holding a 33.5% market share as of December 31, 2024, and ranking first in cumulative installation volume for 12 consecutive months [1] Market Position - SUTENG is recognized as a global leader in the lidar and perception solutions market, having produced its one-millionth lidar unit by February 2025, making it the first company to achieve this milestone [4] - As of June 30, 2025, SUTENG secured production orders for 119 models from 30 automotive manufacturers and suppliers, increasing to 133 models by August 2025, surpassing its competitor Hesai Technology [4] - Following its IPO, SUTENG's market capitalization exceeded HKD 60 billion, currently around HKD 20 billion, reflecting strong market confidence in its technological capabilities and growth potential [4] ADAS Sector - In the ADAS sector, SUTENG reported sales revenue of approximately CNY 1.34 billion in 2024, a significant increase of 71.8% year-on-year [5] - The company has successfully integrated its lidar products into over 10 models priced between CNY 150,000 and CNY 200,000, contributing to the democratization of smart driving technology [5] - SUTENG has transitioned lidar technology from an analog to a digital architecture, launching a full series of digital lidar products in early 2025 [5][6] Robotaxi Market - SUTENG has partnered with over 90% of leading L4 autonomous driving companies, providing reliable and high-performance automotive-grade lidar products for the commercial application of Robotaxis [7] - The company has secured mass production cooperation agreements with six major L4 autonomous driving firms, including prominent players in North America and China [7] Robotics Business - In Q2 2025, SUTENG's robotics business saw explosive growth, with sales reaching 34,400 units, a year-on-year increase of 631.9% [8] - The robotics segment generated approximately CNY 150 million in revenue, with a gross margin of 41.5%, outperforming the industry average of 35%-40% [8] - SUTENG has secured exclusive supply orders from a top five global lawn mower manufacturer, with order sizes reaching seven figures [8] Technological Edge - SUTENG's technological advantage stems from its proprietary SPAD-SoC chip, which was developed starting in 2018 and has been integrated into multiple automotive and robotic products [9] - The company leads the industry in patent filings, with 641 published patents as of the end of 2024 [9] - SUTENG is set to launch its next-generation digital chip in 2026, enhancing the competitiveness of its EM series products [9] Future Outlook - SUTENG has established three growth curves: automotive ADAS, Robotaxi, and robotics, indicating significant future development potential [11] - The company anticipates a peak in deliveries for its robotics business between Q1 2025 and Q1 2026, with a surge in demand for lawn mowing robots expected from Q3 2025 [12] - SUTENG plans to invest CNY 620 million in R&D in 2024, with CNY 250 million allocated for innovative projects like AI robotics [12] - The company has achieved substantial success in overseas markets, securing eight partnerships with international brands across Europe, North America, and Asia-Pacific [12]

Core Insights - The embodied intelligent robot market is rapidly developing and becoming a new focal point in global technology competition, with various players from established companies to startups entering the fray [1] - 2025 is referred to as the "year of submission" for embodied intelligent robots, with the global market expected to exceed $400 billion by 2029, and China holding nearly half of this market share with a compound annual growth rate of nearly 15% [2][3] - Key trends in the market include enhanced perception capabilities, the emergence of large models as core drivers, and the acceleration of open-source sharing [2] Market Dynamics - The industrial sector remains the largest application area, accounting for half of the overall market, with significant demand from the automotive and electronics manufacturing industries [3] - In the first half of 2025, China's industrial robot exports reached 94,200 units, totaling $74.6 million, marking a year-on-year increase of 59.74% [3] - The commercial service sector is experiencing the fastest growth, with a compound annual growth rate exceeding 30% [3] Growth Drivers - The core growth drivers for the market include accelerated technology integration, expanding scene demands, and decreasing costs due to local production and scale [4] - The combination of AI large models, 3D visual perception, and edge computing significantly enhances the adaptability of embodied intelligent robots [4] Global Competitive Landscape - The global market is transitioning from "technology validation" to "industrialization," with a competitive landscape characterized by a multi-polar structure led by the US and China, followed by Europe and Japan [5][6] - US companies focus on technological originality and military applications, while European firms prioritize ethical considerations and compliance in high-risk scenarios [5][6] Chinese Market Position - Chinese companies are rapidly rising in the robotics field through industry chain integration and efficient scene implementation [7] - Companies like Zhiyuan and Qingtong are expanding into international markets with localized strategies, while UBTECH is enhancing its humanoid robot technology [7] Innovation and Application - Various innovative companies are targeting different market segments, such as Zerith Robotics focusing on hotel operations and Fourier providing intelligent rehabilitation solutions [8] - The competition in embodied intelligence is fundamentally a "scene definition" battle, with Chinese firms leveraging their advantages in industrial logistics and elder care services [9]

Core Insights - RoboSense achieved robust revenue growth in Q2 2025, with 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% [2] - The company has established a strong presence in the lidar market, with significant advancements in its digital product matrix and automation capabilities, leading to the upcoming mass production of key lidar products [2][3] - The robotics sector experienced explosive growth, with product sales reaching 34,400 units, a staggering year-on-year increase of 631.9% and a quarter-on-quarter increase of 189.1% [3][4] Revenue and Profitability - The overall gross margin improved from 12.3% in Q1 2024 to 27.7% in Q2 2025, marking six consecutive quarters of growth, with the robotics segment achieving a gross margin of 41.5% [2] - The revenue from the robotics segment was approximately 150 million yuan, reflecting a quarter-on-quarter growth of 100.7% [3] Business Development - RoboSense has secured 133 pre-installed production model projects, including eight overseas and joint venture brand projects, covering key markets in Japan, North America, and Europe [2] - The company has partnered with over 90% of leading Level 4 (L4) autonomous vehicle companies for its Robotaxi business, advancing towards mass production and commercial operations [2] Robotics Sector Expansion - The company has completed global commercial validation in multiple scenarios for its robotics business, entering a phase of rapid growth [3] - Collaborations with top global companies in various fields, including lawn mowing and delivery, have resulted in significant order volumes, validating the commercial potential of consumer-grade robotics [3][4] New Product Launches - The launch of the "AI + Robotics" strategy has led to the introduction of the Active Camera product line, designed to enhance robotic perception capabilities across various scenarios [5] - The first product, AC1, was released in March 2025, with a second product, AC2, set to launch in the second half of the year to meet higher precision requirements [5]

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 article highlights the explosive growth potential in the laser radar market for robotics, particularly in the lawn mowing robot segment, with significant orders and partnerships emerging among leading companies in the industry [1][3][8]. Group 1: Market Growth and Demand - The global sales of lawn mowing robots are nearing 1.8 million units, with a penetration rate of less than 10%, indicating that the industry is still in its early stages [6]. - Companies like Hesai Technology expect to ship over 200,000 laser radars for robotics by 2025, surpassing the total historical delivery volume [1]. - The demand for embodied intelligence in robotics is driving the need for laser radars, which are considered essential sensors for robot mobility due to their wide sensing range and reliability [9][10]. Group 2: Industry Dynamics and Competition - The rise of boundary-less lawn mowing robots has led to a surge of domestic players entering the market, with 32 companies having entered the lawn mowing robot sector in the past five years [5]. - Hesai Technology has signed a strategic partnership with Keting Technology to supply 300,000 JT series laser radars for their lawn mowing robots, indicating a strong collaboration trend in the industry [7]. - The integration of hardware and software is crucial for optimizing performance, especially in regions with challenging grass conditions, which is driving innovation in the sector [6]. Group 3: Future Outlook - The year 2025 is anticipated to be a pivotal year for humanoid robots, with several manufacturers planning to launch their products by the end of 2024 or early 2025 [11]. - The market for service robots, including lawn mowing robots, is expected to grow significantly, potentially exceeding the automotive sector in market size [11].

Group 1 - The World Robot Conference has significantly increased public interest in humanoid robots, with attendance surpassing 1.3 million [2] - Investment in embodied intelligence is surging, with notable investments from companies like JD.com, which announced investments in three robot companies in July [2][7] - The number of registered robot-related companies in China has reached 958,000, with a 43.81% increase in registrations compared to the same period last year [2] Group 2 - The domestic embodied intelligence industry has seen 144 financing events totaling 19.5 billion yuan, with an average deal size of 13.5 million yuan [3] - Major internet companies, including Tencent, Meituan, and JD.com, are actively investing in the embodied intelligence sector [3][4] - Meituan has invested in numerous robot companies since 2021, indicating a strong commitment to the sector [4][6] Group 3 - JD.com has launched an "Intelligent Robot Industry Acceleration Plan," committing over 10 billion yuan to support 100 intelligent robot brands [7] - The supply chain for humanoid robots is rapidly maturing, with significant overlap with the automotive supply chain [8][10] - Companies like SUTENG and Hezhima Intelligent are expanding their offerings to include components for robots, leveraging their experience in the automotive sector [10][11] Group 4 - The commercialization of robots is currently focused on specific verticals, with companies like UBTECH targeting the automotive industry for practical applications [15] - The market for quadruped robots is also expanding, with sales growing from 2,000 units in 2019 to 34,000 units in 2023, reflecting a compound annual growth rate of 102.3% [16] - The price of consumer-grade quadruped robots is expected to drop significantly, making them more accessible [17]