On June 2, Horizon Robotics-W fell 3.13% in regular trading, trading at HK$5.28 per share with trading volume of HK$217 million, as the stock resumed weakness following a brief rebound.

The decline reflects persistent market concerns over the company's annual results, which revealed a full-year net loss of RMB 10.469 billion — a swing from profit to loss — with operating losses widening to RMB 3.339 billion. Product business gross margin deteriorated significantly, falling nearly 12 percentage points from 46.4% to 34.5% year-over-year, intensifying doubts about near-term profitability.

Although the company previously open-sourced HoloMotion-1, a 400-million-parameter robot cerebellar large model capable of approximately 300 FPS real-time inference, and has cumulatively repurchased over HK$270 million in shares, the short-term sentiment boost has clearly faded. Additionally, the medium-to-long-term competitive risk posed by OEM customers developing proprietary chips continues to pressure valuations.

(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.)