Suteng Juchuang (02498) rose more than 5%. As of press release, it rose 5.28% to HK$41.9, with a turnover of HK$436,500.
The Zhitong Finance App learned that Suteng Juchuang (02498) rose more than 5%. As of press release, it had risen 5.28% to HK$41.9, with a turnover of HK$436,500.
According to the news, Sagiteng Juchuang will hold a board meeting on May 20 (next Monday) to review and approve the Group's first quarter results for the three months ending March 31, 2024 and their release. The company previously announced that in the first quarter of this year, sales of lidar products, lidar products for ADAS applications, and lidar products for robots and other types of lidar products were approximately 120,400 units, and 4,200 units, respectively.
Sagitengjuchuang achieved total revenue of 1.12 billion yuan (RMB, same below) in 2023, with a year-on-year increase of 111.2%. Among them, revenue from ADAS products reached 777 million yuan, an increase of 384.6% over the previous year; overall gross margin changed to 8.4%. CITIC Construction Investment previously stated that looking ahead to 2024, as the company's large-scale advantage continues to be unleashed, revenue is expected to maintain rapid growth, gross margin is expected to continue to rise, the cost ratio is expected to continue to be optimized during the period, the absolute loss amount and loss ratio of net loss are expected to narrow drastically, and profitability will continue to be optimized.