On May 28, Horizon Robotics-W fell 3.18% in regular trading, trading at HK$5.79 per share with trading volume of HK$200 million, as the stock's prior rebound momentum was once again halted.

On the news front, the company's annual results 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 the company's profitability outlook. Although the company previously open-sourced its HoloMotion-1 robot cerebellar foundation model and executed cumulative buybacks exceeding HK$270 million, the short-term sentiment boost has notably faded. Additionally, the medium-to-long-term risk of OEM customers developing proprietary chips continues to weigh on valuation, maintaining downward pressure on the stock.

(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.)