HK-listed RoboSense hits 7-1/2-month peak on robust earnings outlook

RoboSense Technology

25/02/2025 03:36

** Shares of RoboSense Technology Co Ltd  2498.HK  jump 8.5%
to HK$53.5, their highest since July 4, 2024, and on course for
a third straight session of gains
    ** Chinese developer and producer of light detection and
ranging (LiDAR) products says it expects its 2024 revenue to
jump 45.5%-49.1% y/y to 1.63 bln-1.67 bln yuan ($224.7
mln-$230.2 mln) as sales of its LiDAR products increased
    ** Expects 2024 net loss to amount to 430 mln-520 mln yuan,
a reduction of 88%-90.1% as gross margin of its LiDAR products
improved
    ** The Hang Seng Tech Index  .HSTECH  adds 0.1%, while the
Hang Seng Commerce & Industry Index  .HSNC  slips 0.7% and the
Hang Seng Index  .HSI  eases 0.6%
    ** Stock up 70.5% YTD  
($1 = 7.2549 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))