RoboSense 2024 Interim Results Overview

RoboSense achieved significant results in mid-2024. As of June 30, 2024, total revenue in the first half of the year was approximately RMB 730 million, a year-on-year increase of 121.0%. The gross profit margin was 13.6%, a significant increase of 9.7 percentage points from the same period in 2023. ADAS sales were approximately 235,000 units, a year-on-year increase of 487.7%. The total historical sales of LiDAR reached 583,500. ADAS product revenue was approximately RMB 610 million, a year-on-year increase of 314.6%. The total sales volume of LiDAR was approximately 243,000 units, of which approximately 235,000 units were used for ADAS and approximately 8,900 units were used for robots. As of June 30, 2024, RoboSense has successfully obtained mass production orders for 80 models from 22 automobile OEMs and Tier 1 suppliers and achieved SOP for 29 models from 12 of these customers. In the first half of the year, the number of customer cooperation orders surged, with 17 new models receiving mass production orders. At the same time, 5 new models also started large-scale mass production and delivery.