HK Stock Market Move | ROBOSENSE (02498) rose more than 10% recently, continuing to repurchase shares. The company's profit-making ability is expected to increase rapidly.

ROBOSENSE (02498) rose more than 10%, as of writing, it has risen by 10.74% to 15.46 Hong Kong dollars, with a trading volume of 70.6617 million Hong Kong dollars. In terms of news, ROBOSENSE announced that the company spent about 5.9956 million Hong Kong dollars to repurchase 429,000 shares on September 23. It is understood that ROBOSENSE has repurchased a total of 9.7184 million shares in the past three months, accounting for 2.16% of the company's issued share capital. According to a report by Auto, ROBOSENSE has recently entered the field of human intelligence and has established a team of dozens of people at Siasun Robot&Automation. Soochow pointed out that the company is a global leading supplier of LiDAR, as of June 30, 2024, the company has obtained mass production orders for 80 models from 22 car OEMs and Tier 1 suppliers, helping 29 models achieve SOP. In the future, with the company's product cost-effectiveness continuing to improve, combined with the continuous increase in the penetration rate of automotive LiDAR, the company's shipment volume is expected to maintain high growth, scale effects gradually emerge, and profitability is expected to increase rapidly.