2024-08-17 16:15:17
Reported on August 15, 2024 Sagitar Juchuang (2498.HK)a provider of robotics powered by artificial intelligence that 2024 Interim Results. Listed below are some business highlights and latest developments.
In the first half of 2024, total RoboSense sales will reach 727 million yuanwhich represents an increase of approximately 121.0% Compared to the previous year. The overall gross profit margin is 13.6%which represents an increase of approximately 9.7 percentage points Compared with the same period in 2023.
As of June 30, 2024, the cumulative sales volume of Sagitar Juchuang Guangda is approximately 583,500 units LiDAR that implements ADAS is approx. 518,300 units.
In the six months ended June 30, 2024, the sales volume of Sagitar Juchuang LiDAR products, ADAS application LiDAR products, and robot and other application LiDAR products were approximately 243,400 units, 234,500 units, and 8,900 units respectively, compared with the same period last year. Growth was 415.7%, 487.7% and 21.9%.
Taking into account the automobile sales forecast in China and global markets, RoboSense expects the global market demand for LiDAR products to grow significantly. Taking advantage of this opportunity, Sagitar Juchuang launched two new products in the first half of this year, one of which is extremely cost-effective. MX and high performance M3.
ADAS application lidar in the automotive industry is the first market where RoboSense products have achieved mass production, and this is just the beginning. RoboSense believes that the global robotics market will gradually emerge with more industries similar to the automotive industry. In addition to the gradual expansion of the scope and scale of the robot market, with the rapid development of large-model artificial intelligence and physical artificial intelligence, traditional industries will transform into unmanned intelligent robots, and the demand for robots in new fields will grow exponentially. Therefore, as core components of robotics, 3D perception sensors such as LiDAR are expected to grow significantly. To date, the RoboSense product platform has more than 2,400 customers in robotics and other business areas.
As a provider of artificial intelligence-driven robotics solutions, we will continue to invest heavily in the three technical areas of artificial intelligence algorithms, chips and hardware. RoboSense will continue to be a key player in the automotive and robotics industries, offering a diverse range of other products and solutions to the market in addition to LiDAR.
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