Ledong Robot (01236.HK) saw its stock price plummet 5.47% during intraday trading on Tuesday, extending a significant retreat from its post-IPO highs.
The decline reflects ongoing market concerns about the company's fundamentals. LDROBOT has reported net losses for nine consecutive years, with management indicating that losses are expected to continue in the current fiscal year.
Furthermore, the company faces increasing competitive pressure. Core downstream customers, including Ecovacs, Roborock, and Dreame, have initiated in-house visual perception R&D programs, reducing LDROBOT's customer concentration. Simultaneously, automotive LiDAR giants Hesai Technology and RoboSense are expanding into the robot sensor segment, intensifying price competition and squeezing the company's market position.
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