MINIEYE (2431.HK) reported its full-year 2025 outcomes on March 31, alongside plans to deepen its push into autonomous logistics via a three way partnership with neueHCT.
The corporate posted whole income of RMB 759 million (roughly USD 105 million), up 16% year-over-year, with gross revenue reaching RMB 141 million (roughly USD 19.5 million), a 35% enhance. Gross margin improved to 18.6%, reflecting beneficial properties from product combine optimization, scaling results, and provide chain efficiencies.
A notable spotlight was the corporate’s autonomous automobile and operations providers phase, which generated RMB 65 million (roughly USD 9 million) in its first 12 months. Income within the second half of 2025 surged 450% in comparison with the primary half, alongside preliminary abroad enlargement. As deployment eventualities and buyer adoption develop, its L4 autonomous driving enterprise is predicted to unlock vital income and profitability potential.
Since launching its “Bamboo Robovan” model in September 2025, MINIEYE has partnered with shoppers to deploy 6,000 unmanned supply autos throughout a variety of use instances, together with logistics, chilly chain, wholesale markets, auto elements, retail, and hospitality. These autos are actually working in 18 cities throughout China, whereas its autonomous minibus product has secured over 10 initiatives involving greater than 40 autos.
Not like many friends, MINIEYE has efficiently prolonged from L2 mass-production capabilities into L4 commercialization, transitioning from a standard automotive Tier 1 provider right into a full-stack autonomous automobile participant—positioning itself early within the rising RoboX wave.
Its core enterprise in clever parts and options remained the first income driver, contributing RMB 649 million (roughly USD 89.5 million), or 85.5% of whole income. Inside this phase, iSafety (ADAS) generated RMB 341 million (roughly USD 47 million), whereas iPilot (mid-to-high-level assisted driving) introduced in RMB 120 million (roughly USD 16.5 million). In the meantime, its good cockpit options delivered RMB 188 million (roughly USD 26 million), up 80.2% year-over-year, turning into a key development engine.
By the top of 2025, MINIEYE had served over 40 automakers and secured 43 new design wins in the course of the 12 months, together with 12 abroad initiatives spanning Europe, Australia, India, and the Center East. These long-term orders are anticipated to underpin mass manufacturing income over the subsequent 2–3 years.
On the strategic entrance, MINIEYE introduced it should collectively set up a brand new firm with neueHCT to combine their respective strengths in expertise, capital, and market entry. The partnership will initially concentrate on advancing autonomous logistics options, with plans to develop into multi-scenario robotic supply programs and construct a full-stack functionality from R&D to world deployment.
Notably, neueHCT was established in 2022 by Horizon Robotics and AUMOVIO, and is taken into account a number one world provider of clever driving programs. By this collaboration, each events intention to speed up the enlargement of autonomous logistics into key abroad markets, together with Europe, the Center East, and Southeast Asia.
MINIEYE acknowledged that the joint funding represents a significant strategic step in strengthening its good logistics enterprise, increasing its world footprint, and accelerating commercialization of its applied sciences. Extra broadly, the corporate’s newest outcomes spotlight a validated “shared expertise + dual-track technique,” whereas its partnership with neueHCT may set a brand new benchmark for the worldwide enlargement of China’s autonomous driving applied sciences.
Trying forward, MINIEYE will proceed to concentrate on its “L2 + L4” technique, increasing software eventualities and enhancing system-level competitiveness throughout each clever mobility and good logistics ecosystems.
Supply: IPOzaozhidao
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