The supplier of automotive sensors has narrowed its annual losses, helped by surging sales of cheaper lidar systems, but faces intensifying price pressure
image credit: Bamboo Works
Key Takeaways:
- The company ramped up output of the Robin range of sensors in 2025, helping to push its gross margin into positive territory
- Although shipment volumes jumped, falling prices meant revenue fell 3.4%
China’s lidar industry is navigating its way through fierce price competition but some suppliers are finding a route towards profits, not just hoping to survive the journey.
Seyond Holdings Ltd. (2665.HK), a provider of automotive sensor systems, has just delivered better-than-expected annual results, boosting its share price, although it faces a more challenging route to breakeven than some of its peers.
The company’s revenue fell 3.4% in 2025 to $154 million, but its gross margin recovered to a positive reading of 7.9% from minus 8.7% the previous year, propelled by rising sales of its cheaper, shorter range sensors. As a result, the company shrank its loss by nearly 18% to $328 million.
It has moved out of the danger zone, with products no longer selling at a painful loss, but the company has ground to make up on other providers such as Hesai Technology (NASDAQ:HSAI) (2525.HK) and RoboSense (2498.HK), which posted upbeat results for the same period.
Hesai, which turned an annual profit in 2025, boasted a gross margin of 41.8% while RoboSense logged a gross margin of 28.5% after making it into the black on a quarterly basis on sales of robotics sensors.
Investors welcomed the brighter earnings readout from Seyond, even though revenue fell and profits have not yet appeared on the horizon. Its stock price surged 24.5% in a single session to HK$9.26, although it remained below the IPO level of HK$10 from last …