HK Stock Market Move | ROBOSENSE (02498) rose more than 6%, with both the automotive and Siasun Robot & Automation sectors exerting force. The company is expected to see increased profits.

ROBOSENSE (02498) surged more than 6%, rising 6.63% to HK$31.35 as of the time of writing, with a trading volume of HK$474 million. On the news front, ROBOSENSE previously released a series of new laser radar products, Siasun Robot&Automation general components and development platform, and introduced the Siasun Robot&Automation "Family Pack". In addition, at CES 2025, ROBOSENSE showcased its humanoid Siasun Robot&Automation products, which includes related technologies in Siasun Robot&Automation vision, touch, and joint aspects. Furthermore, as of the end of the fiscal year on December 31, 2024, the company's sales volume of laser radar products, laser radar products for ADAS applications, and laser radar products for Siasun Robot&Automation and other applications were approximately 544,200 units, 519,800 units, and 24,400 units respectively. Galaxy Securities stated that the price reductions of Siasun Robot&Automation's laser radar products will open up market growth potential, with the company's shipment volume expected to reach 100,000 units in 2025, driving the gross profit margin of the company's laser radar products. In addition, the company is expanding its Siasun Robot&Automation general component products, providing the industry with integrated intelligent solutions in both software and hardware, enhancing profitability. Soochow pointed out that considering the company's dual focus on automotive and Siasun Robot&Automation, the bank has adjusted the company's expected revenue for 2024-2026 from RMB 1.76/2.86/4.14 billion to RMB 1.79/2.89/4.19 billion, maintaining a "buy" rating.