HORIZONROBOT-W (09660) gained over 4% in morning trading. As of press time, the stock was up 3.53% to HK$8.22, with trading volume reaching HK$2.39 billion.

On the news front, HORIZONROBOT released its interim results on August 27. The company reported H1 revenue of 15.67 billion yuan, representing a 67.6% year-over-year increase. Gross profit reached 10.24 billion yuan with a comprehensive gross margin of 65.4%, while cash reserves stood at 16.1 billion yuan.

During the interim results conference, HORIZONROBOT CEO Yu Kai stated that in the first half of this year, the group maintained its leading position in the ADAS basic driver assistance market with a 45.8% market share, and continued to lead the domestic autonomous brand overall intelligent driver assistance computing solution market with a 32.4% market share.

During the reporting period, HORIZONROBOT's product and solution business revenue grew 3.5 times compared to the same period last year, reaching 7.78 billion yuan. Shipments totaled 1.98 million units, doubling year-over-year. Both business revenue and shipment volume hit record highs, demonstrating strong market recognition and competitiveness of HORIZONROBOT's product solutions.

While total shipment volume increased, the shipment structure of the product and solution business was further optimized, driven by the mass production of the new-generation Journey 6 series products. Mid-to-high-end product solutions achieved shipments of 980,000 units, surging 6 times compared to the same period last year, accounting for 49.5% of total shipments and contributing over 80% of the product and solution business revenue. Due to the increased delivery proportion of mid-to-high-end product solutions, the average selling price per vehicle increased significantly to 1.7 times that of the same period last year.