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Is Ledo Robotics, whose name sounds like a vibrator, a good investment?
Hong Kong stocks were a bit sluggish in May, and Ledo Robotics was the only promising stock.
They make robot vision perception/LiDAR, essentially providing the "eyes" for robots. They're a leader in the field, with over 9 million devices globally, and have also developed intelligent lawnmower robots as a second growth driver.
Revenue growth looks very rapid: 277 million RMB in 2023 → 467 million RMB in 2024 → 748 million RMB in 2025. However, they lose tens of millions of RMB annually, including a 62.5 million RMB loss last year.
The concept is actually quite good; robot eyes are a necessity, and the lawnmower robot is a promising second growth driver. It's just currently in a phase of burning cash to achieve scale.
Let's see how it goes. If it hits, there's bound to be some good investment.
Up to you
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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