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Brokerage Focus: Soochow Securities maintains a "buy" rating on Speedy Group (02498), pointing out that the growth potential of ADAS products is worth looking forward to.
Jingu News | Soochow Securities issued research reports stating that Speed Teng Juchuang (02498) released the shipment data for the first 9 months of 2024, with total shipments of lidar/ADAS lidar/robot and other types of lidar of the company in 24Q1-Q3 being 0.382/0.366/0.016 million units, corresponding to +364%/395%/129% year-on-year. In 24Q3, the company's lidar product shipments were 0.1386 million units, up by +140% year-on-year and +13% quarter-on-quarter. The bank stated that in 24Q3, the company's shipments of robots and other lidar were 0.0072 million units, up by +38% year-on-year.
Soochow: Maintains a "buy" rating on Siasun Robot&Automation (02498), with the expectation that robot shipments will contribute significantly to incremental growth.
In Q3 24, siasun robot&automation and other lidar shipments reached 7,200 units, up 38% year-on-year and 53% quarter-on-quarter.
RoboSense Reports Strong LiDAR Sales Growth
Suteng Juchuang (02498.HK) sold approximately 59,100 lidar products in September.
On October 10th, Glory News reports that Siasun Robot&Automation (02498.HK) announced that the group has continued to expand its business footprint during the first three quarters of 2024. In September 2024, the group's lidar products for ADAS applications, and lidar products for robots and other purposes, had sales of approximately 59,100 units, 57,500 units, and 1,600 units respectively. In the third quarter of 2024, the group's lidar products for ADAS applications, and lidar products for robots and other purposes, had sales of approximately 138,600 units.
ROBOSENSE: 2024 INTERIM REPORT
Hong Kong stocks surge | Suteng Juchuang (02498) rises more than 5%. It is reported that it is entering the field of personalized intelligence, and the company's profitability is expected to improve rapidly.
Suteng Juchuang (02498) rose more than 5%, as of the deadline, rose by 5.38%, to HK$13.7, with a turnover of 51.2913 million Hong Kong dollars.
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