Movement Alert|Horizon Robotics Declines 3.01% in Regular Trading, Annual Report Losses and Margin Compression Continue to Weigh on Shares

Market Focus06-04

On June 4, Horizon Robotics-W fell 3.01% in regular trading, trading at HK$5.17/share with turnover of HK$107 million, extending its recent downtrend. The decline continues to reflect market concerns over the company's annual results and intensifying competitive pressures.

On the news front, the company's annual 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 fell sharply from 46.4% to 34.5%, a nearly 12 percentage-point decline, fueling persistent concerns about profitability. Additionally, BYD's recent launch of its self-developed 4nm autonomous driving chip has raised medium-to-long-term competitive risks regarding OEM customers pursuing in-house chip solutions.

Despite the company's prior initiatives — including open-sourcing its HoloMotion-1 robotic cerebellar model and cumulative share buybacks exceeding HK$270 million — the short-term supportive effects have visibly faded. Valuation pressure remains elevated as the stock has now fallen over 50% from its post-IPO high.

(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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