Innovusion's First Annual Report Reveals Its Path to Breakthrough

[Company Financial Report] Innovusion has released its first annual report for 2025, reporting revenue of RMB 1.102 billion and a gross margin that turned positive at 7.9%.

Core Strategy: Innovusion Moves Beyond Cutthroat Competition to Focus on High-Quality Growth

In 2025, the company delivered 332,500 LiDAR units, an increase of 44.6% year-over-year; its automotive ADAS business contributed sales of 300,000 units, solidifying its core foundation. Innovusion forecasts Q1 2026 deliveries to reach 170,000 units, generating revenue exceeding RMB 380 million, with full-year deliveries expected to surpass 1 million units.

Key Metrics: Narrowing Losses and Positive Gross Margin

Net loss narrowed by 17.6% year-over-year, while adjusted net loss contracted by 24.0%. Gross margin improved by 16.6 percentage points, turning positive at 7.9%—marking the company’s first-ever annual positive gross margin.

Strategic Foundation: Dual Engine of Automotive and General-Purpose Robotics

While strengthening its position in the automotive LiDAR market, Innovusion is accelerating expansion into new applications such as general-purpose robotics, building a second growth curve to escape the industry’s price war dilemma.