HORIZONROBOT-W (09660) surged nearly 5%, rising 4.98% to HK$9.91 with a trading volume of HK$723 million as of press time.

On the news front, HORIZONROBOT-W recently released its first-half 2025 financial results. The announcement showed that the company's first-half revenue reached 15.67 billion yuan, representing a year-on-year increase of 67.6%. Gross profit reached 10.24 billion yuan with a comprehensive gross margin of 65.4%, while cash reserves stood at 16.1 billion yuan. HORIZONROBOT-W's overall first-half 2025 performance continued the rapid growth momentum from last year, with core financial indicators reaching new heights.

Goldman Sachs noted that HORIZONROBOT-W's first-half revenue grew 68% year-on-year, exceeding expectations, primarily driven by increased shipments of Journey 6. The firm maintains a positive outlook on the mass production of Horizon Super Drive (HSD) system starting in the second half of the year.

Additionally, HORIZONROBOT-W's NOA function product shipments reached 980,000 units in the first half, accounting for 50% of total shipments and driving average selling price improvements. The firm expects the product mix to continue upgrading toward more advanced software-hardware integrated solutions.

Bank of America Securities expressed increased optimism about the company's future growth prospects after participating in HORIZONROBOT-W's (09660) post-earnings investor conference, citing smooth progress in vehicle model design integration in both domestic and international markets. The firm believes the company is positioned to secure design orders for high-end HSD solutions from at least 4-5 automotive manufacturers this year, which is expected to drive J6P chip shipments from an estimated 40,000 units in 2025 to 430,000 units in 2026.