On June 16, Horizon Robotics-W fell 3.01% in regular trading, trading at HKD 4.52 per share, with turnover of HKD 58.63 million. The stock has now declined over 60% from its historical high, continuously setting new lows.

On the news front, BYD officially announced mass production of its 4nm automotive-grade autonomous driving chip Xuanji A3 on May 28, delivering 700 TOPS per chip and over 2,100 TOPS with three chips in parallel. As Horizon's core client, BYD previously contributed approximately 2.5 million units of Journey 6 chip shipments annually. The market is deeply concerned that BYD's in-house chip will directly replace third-party supplier share. Additionally, XPeng and other OEMs are accelerating proprietary chip development with plans to supply externally, further intensifying competitive pressure.

Meanwhile, the company's annual report revealed a net loss of RMB 10.469 billion, swinging from profit to loss, with product gross margin declining nearly 12 percentage points from 46.4% to 34.5%, placing sustained pressure on profitability outlook.

(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.)