On May 29, RoboSense rose 5.59% in regular trading, trading at HK$32.2/share, with trading volume of HK$62.95 million. The stock rebounded sharply after falling over 5% the previous session on gross margin concerns following Q1 earnings.

On the news front, the company's Q1 robot LiDAR shipments reached 185,500 units, surging 1,458.8% year-over-year, with the segment's share rising from 11% to 56% of total sales — surpassing ADAS for the first time and marking a critical structural inflection point. Robot business orders carry gross margins of 30%-40%, significantly above ADAS levels at around 20%.

Management explained that the Q1 overall gross margin decline to 21.7% from 23.5% was attributable to externally sourced SPAD chip costs and production line upgrades. With proprietary chips Phoenix and Peacock entering mass production in H2, chip costs are expected to decline approximately 50%, and the company targets breakeven for the full year. Markets appear to be repricing the business mix improvement.

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