HORIZONROBOT-W (09660) experienced a significant surge of 5.16% in intraday trading on Thursday, as investors responded positively to the company's impressive first-half results and growing market dominance in the autonomous driving sector.

The company's recently released interim results showcased remarkable growth, with H1 revenue reaching 15.67 billion yuan, representing a substantial 67.6% year-over-year increase. Gross profit stood at 10.24 billion yuan, accompanied by a robust comprehensive gross margin of 65.4%. HORIZONROBOT-W also reported a strong financial position with cash reserves of 16.1 billion yuan.

HORIZONROBOT-W's CEO, Yu Kai, highlighted the company's continued market leadership during the interim results conference. The group maintained its dominant position in the ADAS basic driver assistance market with a 45.8% market share, while also leading the domestic autonomous brand overall intelligent driver assistance computing solution market with a 32.4% share. These figures underscore the company's strong competitive advantage in the rapidly evolving autonomous driving industry.

Further fueling investor enthusiasm was the exceptional performance of HORIZONROBOT-W's product and solution business. This segment saw its revenue skyrocket by 3.5 times compared to the previous year, reaching 7.78 billion yuan. Total shipments doubled year-over-year to 1.98 million units, with mid-to-high-end product solutions experiencing a remarkable six-fold increase to 980,000 units. This shift towards higher-value products has significantly boosted the average selling price per vehicle, which now stands at 1.7 times that of the same period last year, contributing to the company's overall revenue growth and market position.