On July 9, Horizon Robotics-W declined 3.17% in regular trading, trading at 4.28 HKD/share, with turnover of 107 million HKD.

On the news front, persistent market concerns over the company's fundamentals continued to weigh on sentiment. Core client BYD has launched its first mass-produced 4nm automotive-grade autonomous driving chip, the Xuanji A3, delivering over 700 TOPS per chip. This development raises the risk of Horizon being relegated to a backup supplier role. Combined with the company's widening losses and a year-to-date stock price decline approaching 50%, market confidence remains significantly depressed.

Although Guotai Haitong Securities recently initiated coverage with an Outperform rating and a target price of 5.18 HKD, projecting revenue of 6.2 billion, 8.8 billion, and 12.7 billion RMB for the next three years respectively, and expectations for a next-generation chip IP licensing collaboration with BYD have been warming, near-term negative sentiment continues to dominate price action.

(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.)