研究报告 Research Report 2 Jun 2026 速腾聚创 RoboSense (2498 HK) 1Q26 业绩点评：出货高增验证双轮驱动，短期毛利率扰动不改中期成长逻辑 1Q26 Review: Strong Shipment Growth Validates Dual-engine Model; Near-term GPM Noise Leaves Mid-term Growth Story Intact [Table_yemei 观点聚焦 1] Investment Focus [Table_Info] 维持优于大市 Maintain OUTPERFORM 评级 优于大市 OUTPERFORM 现价 HK$31.54 目标价 HK$46.21 HTI ESG 3.6-3.8-3.5 E-S-G: 0-5, (Please refer to the Appendix for ESG comments) 市值 HK$15.28bn / US$1.95bn 日交易额 (3 个月均值) US$25.34mn 发行股票数目 484.47mn 自由流通股 (%) 70% 1 年股价最高最低值 HK$ ...