HORIZONROBOT-W (09660), a key player in autonomous driving technology on the Hong Kong stock market, announced its full-year 2025 results on March 19. The company reported annual revenue of RMB 3.76 billion, representing a year-on-year increase of 57.7%. Gross profit reached RMB 2.43 billion, with the gross profit margin remaining high at 64.5%, including a 67.2% margin for the automotive business.

In 2025, shipments of HORIZONROBOT-W's Journey series chips exceeded 4 million units, a 39% increase year-on-year, demonstrating industry-leading mass delivery capabilities. Notably, shipments of mid-to-high-end chips reached 1.8 million units, a nearly fivefold increase compared to the same period in 2024. The proportion of these advanced chips in total shipments rose to 48%, contributing over 80% of the revenue from the product and solutions business.

Both of HORIZONROBOT-W's main business segments experienced rapid revenue growth. Revenue from the product and solutions business surged to RMB 1.62 billion, a significant increase of 144.2% year-on-year, with its contribution to total revenue rising from 28% in 2024 to 43%. Revenue from the licensing and services business reached RMB 1.94 billion, growing by 17.4%.