国金证券发表研报称，激光雷达的主要下游应用场景包括车载、移动机器人、工业测绘三大领域，其中车规级激光雷达具有较高的产品技术门槛。2021 年之后车载激光雷达已跨过性能拐点，在产品能力上已进入相对成熟的阶段。Hesai Technology (HSAI.US) closed up 44% in Q3, with revenue well above guidance.
According to the Wisdom Finance app, Hesai Technology (HSAI.US) closed up 44.42% on Tuesday at $6.86.
In terms of news, Hesai Technology released unaudited financial data for the third quarter of 2024. The company's revenue in this quarter significantly exceeded guidance, leading the global lidar market.
Sinolink Securities published a research report stating that the main downstream application scenarios of lidar include automotive, mobile siasun robot&automation, and industrial mapping, with automotive-grade lidar having high product technology barriers. After 2021, automotive lidar has passed a performance turning point, and in terms of product capabilities, it has entered a relatively mature stage.
In terms of scale, from the perspective of shipments, top ADAS lidar manufacturers have shown explosive growth since 2022, from "0 to 1".
In terms of penetration rate, according to Gaowu smart automobile, from January to July 2024, the delivery volume of front-mounted lidar for passenger vehicles in China exceeded 0.7 million units, a 222% year-on-year increase, and the penetration rate of front-mounted lidar for passenger vehicles reached 5.42%.
The threefold verification of performance, scale, and penetration rate indicates that ADAS lidar is about to ramp up profits.
Lidar related Hong Kong stocks:
Sucin Siasun Robot&Automation (02498): Announcement released, in September 2024, the group's sales of Lidar products, Lidar products for ADAS applications, and Lidar products for robots and other purposes were approximately 0.0591 million units, 0.0575 million units, and 1600 units respectively. In the third quarter of 2024, the group's sales of Lidar products, Lidar products for ADAS applications, and Lidar products for robots and other purposes were approximately 0.1386 million units, 0.1314 million units, and 7200 units.
As of the nine months ended September 30, 2024, the group's sales of Lidar products, Lidar products for ADAS applications, and Lidar products for robots and other purposes were approximately 0.3819 million units, 0.3658 million units, and 0.0161 million units.
