HK Stock Market Move | RoboSense (02498) has increased by more than 4%. The full-year revenue has increased by more than 50% and losses have been greatly reduced. Laser radar technology is widely used in the industry of Siasun Robot & Automation.

ROBOSENSE (02498) opened lower and then rose more than 4%, as of the time of publication, it has risen by 3.75% to HKD 51.15, with a trading volume of HKD 6.68 billion. In terms of news, ROBOSENSE released a performance forecast, expecting a year-on-year decrease in loss of 88% to 90.1% in 2024, attributed to a significant increase in gross profit margin of laser radar products used for ADAS applications, a decrease in stock-based compensation, and a significant reduction in fair value changes of financial instruments. The expected revenue for the period is approximately RMB 16.3 billion to 16.7 billion, an increase of 45.5% to 49.1%, mainly benefited from the increase in sales of laser radar products. In addition, the human-like Siasun Robot & Automation industry is seeing intensive catalysts, with domestic and foreign technology giants racing to lay out in the field of human-like Siasun Robot & Automation. Sinolink pointed out that laser radar has a wide range of applications in the Siasun Robot & Automation industry, and Siasun Robot & Automation's laser radar TAM is several times larger than the automotive market. Leading manufacturers can achieve multiple economies of scale through "standardization of hardware + open software ecosystem", consolidate cost advantages, and then improve industry concentration.