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2026-10-12 16:27:42 D Bank issued a report stating that ROBOSENSE (02498.HK) announced its operating data for the third quarter. Total LiDAR shipments during the period surged 221% YoY and rose 53% QoQ to a record quarterly high of 595,600 units, in line with the company's guidance of 500,000 to 700,000 units. Among them, sales of robotics and other LiDAR products jumped 309% YoY and 50% QoQ to 145,200 units, which should enable ROBOSENSE to stay on track to achieve its 2026 full-year target of 900,000 units for robotics and other LiDAR products, representing approximately 200% YoY growth. ADAS LiDAR sales also recorded strong growth, rising 200% YoY and 54% QoQ to 450,400 units, exceeding the company's 2026 full-year target for ADAS LiDAR sales growth of 97% to 196%, reaching between 1.2 million and 1.8 million units. D Bank previewed the company's third-quarter results and expected ROBOSENSE's revenue for the quarter to rise 88% YoY and 37% QoQ to RMB766 million. Profitability is also expected to improve simultaneously. The high-margin robotics LiDAR business maintained a healthy gross margin of 38%, while the gross margin of ADAS LiDAR expanded QoQ to 20%. These product mix dynamics should drive the company's overall gross margin up by 2.4 ppts QoQ to 24.2%. Therefore, the bank expected ROBOSENSE's net loss in the third quarter to narrow significantly by 60% YoY and 58% QoQ to RMB40 million, marking a major milestone toward near-term operating breakeven. The bank maintained its Buy rating on ROBOSENSE with a target price of HKD33.4. (da/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |