According to Zhitong Finance APP, Suteng Juchuang (02498) rose over 3% during the trading session, as of the time of writing, it rose 2.32%, reported at 28.65 Hong Kong dollars, with a transaction amount of 0.333 billion Hong Kong dollars.

In terms of news, Soochow JuChuang recently announced its performance for the first nine months ending in September, with a revenue of RMB 1.135 billion, an increase of 91.51% year-on-year, exceeding the total annual revenue of 2023. In the first three quarters, lidar cumulative sales reached 381,900 units, a year-on-year increase of 259.6%; as of the end of the third quarter, the group's historical cumulative total sales of lidar surpassed 720,000 units, setting a new delivery record in the industry. At the same time, the group's gross margin increased from 12.3% in the first quarter of 2024 to 17.5% in the third quarter of 2024.

FIRST SHANGHAI pointed out that the scale effect drove the company's gross margin improvement, with rapid growth in high-level intelligent driving and Siasun Robot&Automation business. The company's L4 level autonomous driving business has received SOP partnerships from several industry-leading L4+ autonomous driving companies. In terms of robotics, the company has utilized its E Lidar platform to collaborate with multiple key clients in industrial, commercial, and Consumer sectors to jointly develop new products in different vertical fields, with delivery expected within the next 18 months.