New Stock Outlook | 97% revenue growth, significant increase in gross profit margin, LeSports Siasun Robot & Automation enters a new era of high-quality growth.

In the current wave of physical intelligence and intelligent Siasun Robot&Automation sweeping the globe, Shenzhen Lejian Siasun Robot&Automation Co., Ltd. (referred to as "Lejian Siasun Robot&Automation") is stepping up to a new level of crossing from a perception infrastructure provider to a full-stack integrated machine brand. According to Zhusi Consulting data, based on revenue in 2024, Lejian Siasun Robot&Automation is the world's largest intelligent Siasun Robot&Automation company with visual perception technology as its core. Its technological influence has deeply penetrated various segments of the intelligent Siasun Robot&Automation industry. By 2024, the number of intelligent Siasun Robot&Automation equipped with the company's visual perception technology has exceeded 6 million units globally. This scaled empowerment capability not only establishes its leading position in the industry but also lays a solid technical foundation for its extension to the downstream integrated machine market. In the first half of 2025, Lejian Siasun Robot&Automation successfully achieved a profit turnaround, indicating that the company has officially entered a trajectory of high-quality growth. On March 6th, the company completed the listing application on the HKEx, one step away from the official listing. Under the grand narrative of future physical intelligence, how will Lejian Siasun Robot&Automation anchor its long-term certainty as a "Siasun Robot&Automation base" in the diversified global market through reshaping the perception infrastructure? Hardcore technology builds a "moat", defining industry standards with the perception base It is well known that perception capability is the physical foundation for understanding the complex world and achieving autonomous movement, and is therefore recognized as the infrastructure with the deepest technological depth. Lejian Siasun Robot&Automation's core competitiveness comes from years of continuous investment and cultivation in the underlying visual perception technology of Siasun Robot&Automation. As a result, the company has successfully built the most comprehensive intelligent Siasun Robot&Automation visual perception product matrix in the industry, playing the role of "soldier". As of now, Lejian Siasun Robot&Automation's perception product matrix covers DTOF lidar, solid-state linear lidar, point lidar range sensors, triangulation lidar, ultrasonic sensors, four-eye matrix sensors, and supporting AI algorithm modules. Its DTOF lidar ranked first in the industry in terms of shipments in 2024, becoming a notable leader in this segment. To build a solid technical moat, Lejian Siasun Robot&Automation has established a full-stack R&D system, achieving a comprehensive breakthrough from underlying technology to universal platforms. In terms of fundamental algorithms, the company has advanced spatial perception algorithms and AI-VSLAM technology. It has also developed efficient visual perception systems for low-power environments, allowing Siasun Robot&Automation to accurately locate and map in complex physical environments. To further improve the overall efficiency of the industrial chain, the company's independently developed AutoPack Siasun Robot&Automation universal development platform achieves deep coordination between software and hardware. This platform adopts a modular design, enabling rapid adaptation to various sensors, significantly improving research and development efficiency, and significantly reducing downstream customer adaptation costs. On the production delivery end, Lejian has established a unique "1+N" supply chain delivery model, a flexible mixed production system coordinated with its own manufacturing factories and multiple third-party partner factories. This model supports the large-scale production of visual perception products and integrated machine Siasun Robot&Automation, ensuring stable and flexible product delivery and enabling the company to quickly respond to seasonal fluctuations and sudden demands in the global market. With this infrastructure-level perception capability, Lejian Siasun Robot&Automation has successfully penetrated seven of the top ten household service Siasun Robot&Automation companies globally, as well as all of the top five commercial service Siasun Robot&Automation companies globally. In the first half of 2025, the company's group customer retention rate reached 94%, and Net Revenue Retention (NDR) soared to 169%, reflecting customer recognition of the company's technological strength and products. The logic of "soldier" brought about by this technological sovereignty constitutes the core of the company's commercial moat. Opening up a breakthrough in the integrated machine from "soldier" to "gold mining" upgrade evolution While consolidating its first growth curve, leveraging its visual perception advantages accumulated over the years, Lejian Siasun Robot&Automation is opening up a second growth curve, transitioning from an upstream supplier to a downstream integrated machine brand, achieving an upgrade from "soldier" to "gold mining". Through the powerful environmental perception capability built by a multi-modal perception product matrix and advanced AI algorithms, the company is entering the billion-level blue ocean market of intelligent outdoor mowing Siasun Robot&Automation with a "dimensional attack". According to industry forecasts, the potential market size of the global intelligent mowing machine is expected to exceed 300 billion RMB in the future, with the current market penetration rate still less than 2%, presenting significant intelligent replacement space. It is understood that traditional mowing Siasun Robot&Automation relies on buried line mode for path planning, with complex installation and fragmented experience. Lejian's second-generation Genie series products, with self-developed multi-modal perception systems, completely eliminate the buried line restrictions, achieving true "plug and play". By integrating vision, RTK, and algorithms, this product can adapt to complex outdoor terrain and varying satellite signal environments, increasing its operational efficiency by about 300% compared to traditional products, addressing the pain points of complex installation and weak perception capabilities of traditional mowing machines. In 2025, Lejian Siasun Robot&Automation's globalization has entered the fast lane, with its overseas business showing particularly impressive performance. By setting up localized operating centers in Germany, Singapore, Hong Kong, and establishing strategic partnerships with global high-quality distributors, the company's mowing Siasun Robot&Automation revenue share increased from 5% in 2024 to 20% in the first half of 2025. Intelligent mowing Siasun Robot&Automation is rapidly becoming the company's new growth engine. During the 2026 Consumer Electronics Show (CES), Lejian showcased its latest N series and M series intelligent mowing Siasun Robot&Automation products, garnering high attention with its revolutionary "full-cycle lawn care" innovation concept and technological breakthroughs. The company received over a dozen international media awards, including the "TWICE CES Best Product Selection Award" and "Reviewed 2026 CES Best Product Award", becoming a notable innovative benchmark in the field of smart yards and Siasun Robot&Automation at this year's CES. From a strategic perspective, the company is trying to create a replicable model for integrated machine Siasun Robot&Automation categories, with the core being "infrastructure accumulation + vertical scene cultivation". This means using the accumulated visual perception infrastructure and in-house developed AutoPack universal platform as the foundational technological support to quickly and cost-effectively enter vertically focused lanes with explosive potential. Once this model is successful, it will have long-term strategic flexibility. Lejian is evolving from a single supplier to a globally influential full-stack Siasun Robot&Automation brand. As the technology dividend begins to brand premium, the company's position in the industrial chain is moving from behind the scenes to the forefront. Financial inflection point and cash profit release opens a new era of high-quality growth Looking at the financial results, from 2022 to 2024, the company achieved a compound annual growth rate of 41.4% in operating revenue, and in the first half of 2025, saw historical growth with a year-on-year revenue increase of up to 97.0%. More crucially, the company officially crossed the financial inflection point in the first half of 2025, recording an adjusted net profit of 2.178 million RMB, turning losses into profits. For the company, this is a milestone signal. The profit inflection point means that Lejian Siasun Robot&Automation has entered a self-sustaining phase, where expansion is no longer solely dependent on external financing but relies on cash flow to spur growth. In the first half of 2025, the company's comprehensive gross profit margin increased from 20.6% in the same period of 2024 to 25.4%. This shift is due to a deep optimization of the profit structure: On one hand, the core sensor business has steadily improved gross margins through product iterations; on the other hand, the intelligent mowing Siasun Robot&Automation business, as part of the second growth curve, has shown strong profitability, with a gross profit margin of 45.6% and rapidly rising revenue share. As the proportion of high-margin mowing machines continues to increase, the company's overall profitability will enter an accelerating upward trend, with the potential for further profit expansion. The capital structure also supports the company's development, with shareholders including Source Code Capital, Yuanjing Capital, Huaye Tiancheng, China Renaissance, and other institutions. These strategic investors not only provide ample funding for the company but also offer strong support in terms of industry resource integration and strategic decision-making. In the future, the company's fundraising focus will be on upgrading artificial intelligence algorithms, developing integrated machine Siasun Robot&Automation, and global brand building. This means that Lejian Siasun Robot&Automation is not satisfied with its current achievements but is already laying the groundwork for the next competitive phase. In the long run, Lejian Siasun Robot&Automation's value lies not only in a single product or business line but in its positioning as a "Siasun Robot&Automation base". Perception is the starting point of physical intelligence and the prerequisite for all complex behaviors. When a company has the capabilities of both infrastructure and integrated machine branding, its position in the industrial chain becomes more solid. Moving from "soldier" to "gold mining" upgrade is a demonstration of cumulative capabilities. The combination of infrastructure generating stable cash flows and technical expertise, and integrated machine branding releasing profits and brand premiums, creates a dual-drive effect. As physical intelligence applications continue to expand, if Lejian Siasun Robot&Automation can continue to strengthen its technical capabilities and global channel layout, its positioning as a foundational enterprise in the era of intelligent Siasun Robot&Automation will become clearer.