Horizon Robotics-W's stock plummeted 5.01% intraday on Tuesday, reflecting investor concerns over the company's financial performance.

The sharp decline follows the release of the company's annual results report, which showed a net loss of RMB 10.469 billion for the year, a significant reversal from a net profit of RMB 2.347 billion in the prior year. Although revenue grew 57.7% year-over-year to RMB 3.758 billion, operating losses widened and total liabilities increased to RMB 17.971 billion, primarily due to fair value changes in preferred shares and financial liabilities.

Despite operational strengths, including a near fivefold year-over-year growth in high-end intelligent driving hardware shipments and an increased share of product-and-solution revenue, the scale of the reported losses has weighed heavily on market sentiment, leading to the stock's downward pressure.