Shares of Suteng Juchuang (02498) rose over 8% in the afternoon, as of press time, up 5.87% at HKD 15.14, with a turnover of HKD 44.8308 million.
According to the Wisdom Finance app, shares of Suteng Juchuang (02498) rose over 8% in the afternoon, as of press time, up 5.87% at HKD 15.14, with a turnover of HKD 44.8308 million.
In terms of news, Suteng Juchuang previously announced the business progress for the first half of 2024. In the first 6 months of 2024, the company's lidar sales volume is approximately 0.2434 million units, an increase of 415.7% year-on-year, of which the sales volume of automotive lidar is approximately 0.2345 million units, an increase of 487.7% year-on-year.
West Securities released a research report stating that Suteng Juchuang will benefit from the improvement of designated orders, and the company's future shipment volume is expected to continue to increase. The MX series will begin mass production in 2025, and the production capacity will increase. The bank expects the group's shipment volume to reach approximately 0.8 million and approximately 2 million in 2024 and 2025, respectively, and will further increase after being launched on the E and F platforms. The bank predicts that under the promotion of shipments on the E and F platforms, the group is expected to turn losses into profits.