On June 10, Horizon Robotics-W fell 3.29% in regular trading, trading at HKD 4.68/share with turnover of HKD 195 million, continuing to slide after breaching the HKD 5 psychological support level.

On the news front, BYD officially announced on May 28 that its self-developed 4nm automotive-grade autonomous driving chip Xuanji A3 has entered mass production, with single-chip computing power of 700 TOPS and total computing power exceeding 2,100 TOPS when three chips are combined, supporting L3/L4 autonomous driving. As a core customer turning to in-house chip development, this has triggered deep market concerns over the long-term outlook for third-party autonomous driving chip suppliers. Since the announcement, Horizon Robotics and Black Sesame Intelligence have seen combined market capitalization losses exceeding HKD 8 billion.

Meanwhile, the company's annual report revealed a net loss of RMB 10.469 billion with a swing from profit to loss. Product business gross margin declined nearly 12 percentage points from 46.4% to 34.5%, with profitability concerns continuing to weigh on sentiment amid multiple converging headwinds.

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