Suteng Juchuang (02498)'s revenue in the first half of the year exceeded 1 billion yuan, a year-on-year increase of 30.2%

According to the Zhitong Finance App, Suteng Juchuang (02498) announced interim results for the six months ended June 30, 2026. The group achieved revenue of 1.02 billion yuan, an increase of 30.2%; gross profit of 222 million yuan, an increase of 9.38%; and the owner of the company should have accounted for a loss of 161 million yuan.

The announcement stated that revenue growth was mainly due to increased product sales.

As of June 30, 2026, the company's targeted cooperation for mass production of lidar products with 36 automakers and tier-1 suppliers has increased to 186 models, and has achieved SOP for 81 models in 17 of the automakers and Tier 1 suppliers mentioned above.

As of the date of this announcement, the company's targeted cooperation for mass production of lidar products has further increased to 194 models. Of these, 37 fixed-point cooperation comes from overseas automakers and Sino-foreign joint ventures, covering the Japanese, North American and European markets.

At the World Artificial Intelligence Conference (WAIC) held in July 2026, Sagiteng Juchuang unveiled the second-generation high-precision ultra-wide-angle digital all-solid-state lidar E2 based on the self-developed “Peacock” chip. Relying on a digital all-solid-state scanning architecture, the E2 combines high accuracy, large field of view, compact size and high reliability. It supports various types of carriers such as dolls, four-legged, and lawnmower robots, and promotes the commercial implementation of physical AI in multiple scenarios.

The Xiaomi N90 Max, released on July 30, 2026, is exclusively equipped with Sagiteng Juchuang's digital all-solid-state lidar, making it the first mass-produced model of a Xiaomi car equipped with a digital all-solid-state lidar.