SIASUN(SZ:300024) Zheng Quan Ri Bao Wang·2025-08-27 12:45Core Insights - The company, Horizon Robotics, reported a significant revenue increase of 67.6% year-on-year, reaching 1.567 billion yuan in the first half of 2025, with a gross profit of 1.024 billion yuan and a gross margin of 65.4% [1] - The product and solution business saw a remarkable 3.5 times growth in revenue, totaling 778 million yuan, with a shipment volume of 1.98 million units, doubling compared to the previous year [1] - The company achieved a milestone of over 10 million units shipped in its Journey family of products, becoming the first smart driving technology company in China to reach this level [1] Financial Performance - Revenue for the first half of 2025 was 1.567 billion yuan, a 67.6% increase from the previous year [1] - Gross profit reached 1.024 billion yuan, with a gross margin of 65.4% [1] - Cash reserves stood at 16.1 billion yuan [1] Product and Solution Business - The product and solution business revenue grew 3.5 times year-on-year, reaching 778 million yuan, with a shipment volume of 1.98 million units [1] - High-end product solutions accounted for 49.5% of total shipments, contributing over 80% of the revenue from this business segment [1] - The company’s new generation product, the Journey 6 series, has optimized the shipment structure [1] Market Position and Strategy - Horizon Robotics increased its market share in the Chinese autonomous brand assisted driving computing solutions market to 32.4% and to 45.8% in the ADAS front-view integrated machine market [2] - The company is expanding its international presence, having established partnerships with nine joint venture car manufacturers in China and securing model designations with two foreign car manufacturers for overseas markets [2] - The expected cumulative delivery of 7.5 million vehicles from these partnerships will significantly boost the company's sales [2]