On April 7, 2023, SOTECH Group (02498.HK) spent 7.47 million Hong Kong dollars to repurchase 0.27 million shares.

Gelonghui, April 7th | Suoteng Juchuang (02498.HK) announced that on April 7th, 7.47 million Hong Kong dollars were spent to repurchase 0.27 million shares, with a repurchase price of 27.45-27.85 Hong Kong dollars per share.

Gelonghui Finance07:26 ET

CITIC SEC: Resource security to National Security, rare earth positioning welcomes another Global Strategy upgrade.

The bank believes that this regulation helps to maintain National Security interests, with a strategic upgrade in the positioning of rare earth resources, from resource security to National Security, and continues to recommend the strategic allocation value of the Industry Chain.

Zhitong Finance21:45 ET

[Brokerage Focus] China Merchants maintains the "Shareholding" rating for Sutonju Chuang (02498), indicating that the company's ADAS product shipments and revenue are expected to continue to increase rapidly.

Jinwu Financial Information | China Merchants released a Research Report stating that in 2024, Sutaiju Chuang (02498) had a total revenue of 1.649 billion yuan, a year-on-year increase of 47.2%, mainly due to the high growth in sales of ADAS Lidar products. In 2024, the company's revenue proportion for ADAS/Robot&Automation/Solutions is 81%/12%/6%, representing year-on-year growth of +71.8%/+6.4%/-11.0%. The company's gross margin significantly improved in 2024, up 8.8 percentage points to 17.2%, mainly benefiting from the improved gross margin of ADAS products. In 2024, the gross margin of the company's ADAS products turned positive at 1.

Jinwu Financial NewsApr 3 03:54 ET

Huachuang Securities: Accelerated overseas expansion and domestic production support humanoid robots to nurture new scenarios in industrial control.

Humanoid robots are opening up incremental scenarios for the Siasun Robot&Automation Industry and may become the main driving force for the growth of the Siasun Robot&Automation Industry in the next ten years.

Zhitong FinanceApr 1 23:23 ET

[Brokerage Focus]浦银国际 reaffirms Siasun Robot&Automation (02498) "Buy" rating, expects the company's Lidar shipments in the robotics field to see significant growth this year.

Jin Wu Financial News | According to the research report from浦银国际, Sutaijuchuang (02498) is expected to achieve revenue of RMB 1.65 billion in 2024, a year-on-year increase of 47%, aligning with previous profit forecasts. The company delivered 544,000 Lidar units throughout the year, a 110% increase compared to the previous year. In Q4 2024, the comprehensive gross margin reached 22.1%, improving quarter-on-quarter for four consecutive quarters, primarily due to product structure optimization, scaling up, and significant improvements in ADAS product gross margins, outperforming the bank's expectations. Looking ahead to 2025, as the gross margin of the automotive business continues to improve and the Siasun Robot&Automation business expands, the company maintains its previous forecast for...

Jinwu Financial NewsApr 1 23:21 ET

Suteng Juchuang (02498) rose 6.45% in the early trading; Institutions pointed out that the delivery volume of onboard Lidar is experiencing explosive growth.

Gold Ying Financial News | Su Teng Ju Chuang (02498) started strong, as of the time of writing, up by 6.45%, at 40.45 Hong Kong dollars, with a trading volume of 0.22 billion Hong Kong dollars. According to news reports, the latest report from the International Society of Automotive Engineers (SAE) shows that there are 47 models of new cars equipped with Lidar globally in 2024, an increase of six times compared to 2021. The delivery volume of onboard Lidar is experiencing explosive growth. According to Yole's forecast, by 2027, the global market size for onboard Lidar will reach 6.2 billion dollars, with an average annual growth rate of 41%, and marginal costs decreasing by another 40%. In addition, recently Su Teng Ju Chuang announced 20.

Jinwu Financial NewsApr 1 21:34 ET