HK Stock Market Move | ROBOSENSE (02498) rises more than 7% in early trading session. Strong market demand for Siasun Robot & Automation drives a significant increase in company orders, highlighting the company's economies of scale.

ROBOSENSE (02498) rose more than 7% in the morning session, with an increase of 7.78% as of the time of publication, to HK$45.98, with a turnover of HK$2.64 billion. In terms of news, according to CCTV financial news, LiDAR is one of the core components of Siasun Robot & Automation, which enables Siasun Robot & Automation to achieve functions such as positioning, navigation, and obstacle avoidance. Due to the strong market demand for Siasun Robot & Automation this year, orders for LiDAR enterprises have increased significantly. Data shows that the size of the Chinese LiDAR market is expected to reach 24.07 billion yuan by 2025 and further increase to 43.18 billion yuan in 2026. Dongguan Securities believes that LiDAR has shifted from a "noble sensor" to a "10,000-level standard equipment," and Chinese manufacturers are leading the world in terms of scale, cost, and production pace. The industry is entering a golden period of "rising quantity and price." It is expected that with the decrease in cost, the adoption rate and penetration rate will continue to increase. China Post Securities pointed out that in the first half of 2025, ROBOSENSE's gross profit margin for LiDAR from Siasun Robot & Automation increased from 26.1% in the same period last year to 45.0%, highlighting the scale effect. They have made fruitful achievements in expanding their customer base, entering into partnerships with several global leading manufacturers such as KUMA Technology, with order sizes exceeding seven digits. They have also signed a strategic cooperation agreement with KUMA Technology for 1.2 million solid-state LiDARs over three years. In the field of unmanned delivery, they have established deep cooperation with North American COCO Robotics, two leading delivery platforms in North America, as well as domestic companies such as Meituan, Xinsiqi, and Bairhin. In the field of intelligent robotics, they have closely cooperated with companies such as Usens Technology and DOBOT, with broad market prospects.