On July 29, HORIZONROBOT-W rose 3.4% in regular trading, trading at HK$5.12/share with turnover of HK$124 million, extending its recent rebound momentum.

On the news front, the company previously disclosed mid-term guidance projecting H1 revenue of RMB 1.93 billion to RMB 2.08 billion, representing year-over-year growth of 24.8% to 34.5%, with gross margin reaching as high as 66%, all exceeding market expectations. Goldman Sachs subsequently raised its full-year net profit forecast to RMB 1.7 billion, maintaining a target price of HK$13.14 and a Buy rating. The bank expects the company to outperform the broader Chinese auto market in the first half. Additionally, Citi initiated a 30-day positive catalyst watch based on the deepened partnership with Volkswagen through CARIZON and anticipated market share gains from BYD God Eye solution penetration in H2.

HORIZONROBOT-W is a company primarily providing advanced driver-assistance systems and high-level autonomous driving solutions for passenger vehicles, with core products including Horizon SuperDrive. The company mainly operates in the domestic China market.

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