ROBOSENSE (02498) gained nearly 4% in afternoon trading, rising 3.97% to HK$32.46 with a turnover of HK$158 million. On November 25, the company reported better-than-expected Q3 results, with total revenue reaching approximately RMB407 million. It anticipates a significant volume increase in digital LiDAR shipments in Q4, marking its first quarterly profit.
On November 26, ROBOSENSE announced a share buyback of 323,000 shares on the Hong Kong Stock Exchange, involving around HK$10.01 million. CMB International Securities maintained its target price and rating, citing expectations of profitability in Q4 and robust ADAS and robotics shipments next year, both projected to exceed one million units.
LiDAR shipments are forecasted to hit a record high in Q4, with October deliveries reaching 120,000 units and further sequential growth expected in November and December. ADAS shipments are estimated to approach 600,000 units in 2025 and surpass one million in 2026. The company's digital EM platform has secured design wins for 49 vehicle models.
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