Ledao Robot (LDROBOT) saw its stock price plummet 7.94% during intraday trading on Monday, extending a sustained downtrend since its recent market debut.
The sharp decline comes amid growing market concerns over the company's fundamentals. Ledao Robot has recorded losses for nine consecutive years, with management expecting continued losses in the current fiscal year. Additionally, core downstream customers including Ecovacs, Roborock, and Dreame have fully launched their own self-developed visual perception solutions, significantly reducing their reliance on Ledao Robot's products.
Further pressure stems from intensified competition as automotive LiDAR giants Hesai Technology and RoboSense are cross-border entering the robot sensor market, triggering price competition and squeezing the company's already thin margins.
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