In the first quarter, ROBOSENSE's gross profit increased significantly by 73.1% year-on-year to 77.01 million yuan
ROBOSENSE announced its Q1 2025 performance, with total revenue of approximately 328 million yuan, a significant year-on-year increase in gross profit of 73.1% to 77.01 million yuan, and a gross margin improvement from 12.3% to 23.5%. The net loss was 98.8 million yuan, a year-on-year decrease of 24.4%. The improvement in gross margin was mainly influenced by changes in the contribution of laser radar product sales. In terms of sales volume, the sales of laser radar products for ADAS and robotics applications decreased by 9.8% and 16.8%, respectively, while sales of other laser radar products increased by 183.3%. As of the end of March 2025, 30 automotive manufacturers have secured mass production orders
According to the Zhitong Finance APP, ROBOSENSE (02498) announced its performance for the first quarter of 2025, with total revenue of approximately 328 million yuan, a significant year-on-year increase of 73.1% in gross profit to 77.01 million yuan, and an overall gross profit margin that rose sharply from 12.3% in the first quarter of 2024 to 23.5% in the first quarter of 2025. The net loss was 98.8 million yuan, a year-on-year decrease of 24.4%.
The announcement stated that the overall gross profit margin was mainly affected by changes in the sales contribution of different product categories. The significant improvement in the overall gross profit margin was primarily due to a substantial increase in the gross profit margin of the group's LiDAR products used for ADAS and robotics and other applications.
In the first quarter of 2025, the group's sales of LiDAR products, LiDAR products for ADAS applications, and LiDAR products for robotics and other applications were approximately 108,600 units, 96,700 units, and 11,900 units, respectively, representing year-on-year decreases of 9.8% and 16.8%, and an increase of 183.3%.
As of the end of March 2025, the group had successfully obtained mass production orders for over 100 models from 30 automotive manufacturers and first-tier suppliers, and achieved SOP for 38 models from 12 of these customers
