On July 29, HORIZONROBOT-W rose 3.4% in regular trading, trading at HK$5.12/share with turnover of HK$124 million, extending its recent rebound momentum.
On the news front, the company previously disclosed mid-term guidance projecting H1 revenue of RMB 1.93 billion to RMB 2.08 billion, representing year-over-year growth of 24.8% to 34.5%, with gross margin reaching as high as 66%, all exceeding market expectations. Goldman Sachs subsequently raised its full-year net profit forecast to RMB 1.7 billion, maintaining a target price of HK$13.14 and a Buy rating. The bank expects the company to outperform the broader Chinese auto market in the first half. Additionally, Citi initiated a 30-day positive catalyst watch based on the deepened partnership with Volkswagen through CARIZON and anticipated market share gains from BYD God Eye solution penetration in H2.
HORIZONROBOT-W is a company primarily providing advanced driver-assistance systems and high-level autonomous driving solutions for passenger vehicles, with core products including Horizon SuperDrive. The company mainly operates in the domestic China market.
(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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