RoboSense's LiDAR product prices drop

Due to the price war in the auto market and the cost-cutting needs of automakers, the prices of ADAS lidar products sold by RoboSense have dropped. The average unit price in the first quarter of 2024 has dropped from about 4,000 yuan in the first quarter of 2023 to about 2,600 yuan. RoboSense's overall gross profit margin increased to 12% in the first quarter of 2024, and the group achieved a gross profit of 44.5 million yuan. Compared with the same period in 2023, the company's gross loss was 5.9 million yuan, and the gross profit margin increased significantly from a gross loss rate of 4% to 12% this quarter.