HORIZONROBOT-W (09660) surged nearly 7% again, accumulating gains of over 20% following its earnings release. As of press time, the stock was up 6.26% to HK$9.68, with turnover reaching HK$4.215 billion.

On the news front, HORIZONROBOT-W released its interim results. First-half revenue reached 1.567 billion yuan, representing a 67.6% year-on-year increase. Gross profit hit 1.024 billion yuan with a comprehensive gross margin of 65.4%, while cash reserves stood at 16.1 billion yuan.

UOB Kay Hian issued a research report stating that HORIZONROBOT-W's first-half revenue rose 67.6% year-on-year to 1.57 billion yuan, reaching 45% of the firm's full-year revenue forecast, benefiting from doubled hardware shipments. The group expressed confidence in achieving its full-year target of 4 million hardware deliveries, with mid-to-high-end products contributing 50%.

Daiwa released a research report noting that Horizon maintains steady chip delivery momentum in China with breakthrough progress in global orders. The company delivered 1.98 million ADAS chips in the first half, up 106% year-on-year. Due to product mix changes, chip average selling prices increased 70% year-on-year during the period. Considering potential delivery growth in the second half, the firm raised its full-year chip delivery forecast to 4.5 million units. The firm reiterated its "Buy" rating on Horizon and raised its target price from HK$9.6 to HK$10.5.