According to the Zhongtong Finance APP, Suteng Juchuang (02498) rose more than 5%. As of the time of publication, it rose 5.53% to HKD 80.2, with a turnover of HKD 4.3619 million.

On the news front, on June 11, Seten Innovation was included in the Hong Kong Stock Connect. In the first quarter of this year, the total sales volume of the company's lidar products was about 120,400 units, a year-on-year increase of 457.4%. Among them, the sales volume of ADAS lidar was 116,000 units, a year-on-year increase of 542%. As of May 17, the company has obtained mass production orders for 71 models of 22 automobile manufacturers and Tier1, and has secured deals with Zhiji Auto and Xpeng for new models this year.

Sealand Securities pointed out that the company leads the industry in revenue scale, mass production and delivery, cost control and other aspects. Its self-developed chip solution is expected to continue to improve cost reduction capabilities, and the expense ratio is expected to decrease rapidly as the business scale expands in the future, and the company may achieve profitability in 2026. The bank believes that it has high growth potential and is expected to fully benefit from the increase in smart auto volume and the penetration rate of autonomous driving in the future. It is initiated with a "shareholding" rating.