On June 3, Horizon Robotics-W fell 3.08% in regular trading, trading at HK$5.36/share, with trading volume of HK$303 million, extending recent weakness.
On the news front, the company's annual earnings report revealed a full-year net loss of RMB 10.469 billion, swinging from profit to loss, with operating losses widening to RMB 3.339 billion. Product business gross margin declined sharply from 46.4% to 34.5%, a drop of nearly 12 percentage points, fueling persistent market concerns over profitability prospects. Although the company previously open-sourced the HoloMotion-1 robot cerebellum model and executed cumulative share buybacks exceeding HK$270 million, the short-term sentiment boost has clearly faded. Additionally, mid-to-long-term competitive risks from OEM customers developing proprietary chips continue to pressure the company's valuation, collectively contributing to the sustained stock price decline.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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